May, 2019

• 1 May

  Uber IPO oversubscribed by day two of roadshow

  

  Bloomberg Uber Technologies Inc. has demand for all of the shares offered in its initial public offering days after it began marketing the sale, people familiar with the matter said. The initial investor feedback comes after Uber kicked off its IPO roadshow with meetings in London, the people said, asking not to be identified because the discussions were private. Uber ...

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• 1 May

  France holds pace as Spain sees fastest growth since 2017

  

  Bloomberg Economic growth held pace in France and accelerated in Spain to the fastest since 2017, easing pressure on the European Central Bank to ramp up stimulus for the euro region. French consumer spending, boosted by French President Emmanuel Macron’s tax cuts after the Yellow Vest protests, buoyed the euro area’s second-largest economy enough in the first quarter to repeat ...

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• 1 May

  GE surges as CEO Larry Culp gains handle on cash burn with revamp

  

  Bloomberg General Electric Co. soared after revealing that it burned less cash to start to the year, boosting Chief Executive Officer Larry Culp’s effort to rejuvenate the ailing manufa- cturer amid a global slowdown in the power-equipment market. GE’s industrial businesses went through $1.22 billion in cash in the first quarter, the company said in a statement as it reported ...

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• 1 May

  Apple jumps as trade-ins, discounts spark iPhone revival

  

  Bloomberg Apple Inc. executives had a clear message for investors: Demand for iPhones has begun to recover from a bruising holiday period. The Cupertino, California-based company reported iPho-ne sales of $31 billion in the fiscal second quarter, slightly better than analysts expected. Apple’s projection for revenue in the current period also topped Wall Street estimates, and could result in the ...

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• 1 May

  Guaido high-risk plan flops as Maduro keeps grip on military

  

  Bloomberg It was a ploy that from its outset felt like a long shot. Before dawn, Juan Guaido, flanked by his political mentor Leopoldo Lopez and a handful of soldiers who had broken ranks, issued a message to Venezuela and the world: The time to topple Nicolas Maduro’s authoritarian regime was right now. By dusk, with Maduro still firmly in ...

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• 1 May

  Afghan forces unable to dislodge Taliban as US looks for exit

  

  Bloomberg Afghanistan’s government is making no headway in rolling back territory controlled by the Taliban, a Pentagon watchdog found, even as the Trump administration tries to negotiate a peace agreement that would let the US withdraw troops after 18 years of war. Afghan army casualty rates, an erosion of force levels and increased civilian deaths are all preventing president Ashraf ...

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• 1 May

  Labour: Customs union only option for May to deliver Brexit

  

  Bloomberg The UK’s main opposition Labour Party predicted Theresa May will have to accept a customs union with the European Union as the price for getting her Brexit deal ratified in Parliament. “I think pragmatically, they potentially may have no option in order to push this deal through,” Labour’s business spokeswoman, Rebecca Long-Bailey, told BBC Radio 4 when asked about ...

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• 1 May

  Mueller objected to Barr’s description of Russia probe’s findings on Trump

  

  Bloomberg Special Counsel Robert Mueller expressed frustration over how Attorney General William Barr characterised his findings and analysis regarding whether President Donald Trump obstructed justice, according to a letter Mueller sent to Barr. Mueller contacted Barr to express his displeasure after Barr issued a four-page letter characterising the main findings of Mueller’s investigation into Russian interference in the 2016 election, ...

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• 1 May

  Assange sentenced to 50 weeks in UK prison

  Bloomberg Wikileaks founder Julian Assange was sentenced to nearly a year in jail for skipping bail as he prepares to fight extradition to the US. Assange was last month found guilty of bail violations following his dramatic arrest in London. The 47-year-old had been holed up inside the Ecuadorian embassy since 2012 as he sought to escape questioning in a ...

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• 1 May

  Trump can do a lot more to help manufacturing

  

  Why should the US government try to help the manufacturing? Although factory work used to offer a pay premium, this has disappeared in recent years: Manufacturing workers also tend to work long, grueling hours. But because of automation and global supply chains, mass manufacturing employment isn’t poised for a comeback in the US; either things will be made by low-wage ...

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