Nasdaq News

(RTTNews) - Accor, a hospitality group, and Visa (V) form partnership that will deliver enhanced payment experiences to ALL-Accor Live Limitless loyalty members, Accor said.

Miners have welcomed proposed changes to Indonesian mining rules under a new law aimed at boosting investment, though critics are concerned that the changes could underpin an expansion in polluting coal and threaten environment protection.

Asian shares fell and Wall Street was poised to retreat from record highs on Tuesday after Apple Inc said it would miss its March quarter revenue guidance as the coronavirus slowed production and weakened demand in China.

South Africa's Kumba Iron Ore on Tuesday posted a rise in annual earnings, underpinned by higher iron ore prices and currency gains from a weaker rand exchange rate to the dollar.

Australia's Wesfarmers Ltd said on Tuesday it will sell 4.9% of Coles Group, the supermarket chain it spun off in 2018, suggesting it was a good opportunity to book some profits.

(RTTNews) - European stocks look set to open lower on Tuesday after iPhone maker Apple warned that its quarterly sales would miss forecasts due to production delays caused by the coronavirus outbreak.

Accor, Europe's largest hotel group, said on Tuesday it was joining forces with American card giant Visa to offer a payment card to members of its lifestyle loyalty programme named ALL-Accor Live Limitless.

Some Chinese property developers are turning to short-term debt for funds as home sales stall due to a spreading coronavirus outbreak, sharply reducing their cash flow.

Western Digital’s (NASDAQ: WDC) stock currently stands at around $69 per share, while we expect a fair price of around $75.80 per share of WDC’s stock. Our price estimate is based on expected 2020 revenue per share of $58.82 and a price-to-sales multiple of around 1.3x.

We have maintained our long-term price estimate for News Corporation (NASDAQ: NWSA) at $14, which is slightly lower than the current market price. Our price estimate is based on expected 2020 earnings of 32 cents and a price to earnings multiple of 43.8x.

Our price estimate for Electronic Arts’ (NASDAQ: EA) stock is $120, which is at a premium of around 10% to the current market price. Our price estimate is based on expected fiscal 2020 earnings of $4.70 on an adjusted basis, and a price to earnings multiple of 25.5x. Elect

TripAdvisor (NASDAQ: TRIP) plans to spend more on ads and expects its Experiences and Dining revenues to drive a major share of its revenue growth in 2020. This is in line with the company’s efforts to tackle increased competition from Google. TripAdvisor’s total expense

Alphabet (NASDAQ:GOOG), the parent company of Google, has increased its share repurchases, allocating over $18 billion to buying back its shares over 2019, up from $9 billion in 2018.  However, the program has not reduced shares outstanding over the last few years, as buyback

Samsung Electronics stands to be a major beneficiary of the China production problems announced by rival Apple Inc on Monday, reaping the rewards of a decade-long bet on low-cost smartphone manufacturing in Vietnam.

South Africa's Kumba Iron Ore on Tuesday posted a rise in annual earnings, underpinned by higher iron ore prices and currency gains from a weaker rand/dollar exchange rate.

(RTTNews) - Mersana Therapeutics Inc. (MRSN), which believes that 2020 has the potential to be a transformational year for it, has gained 36 percent so far this year, based on Feb.14 closing price of $7.80.

The widening economic fallout from the coronavirus outbreak and soft consumption are forcing the Bank of Japan to message more strongly that it is no longer inclined to chase its elusive 2% inflation target, sources familiar with its thinking say.

(RTTNews) - French speed-train maker Alstom (AOMFF.PK, ALS.L) announced that it has signed a Memorandum of Understanding with Bombardier Inc. and Caisse de dépôt et placement du Québec or CDPQ for the acquisition of Bombardier Transportation.

Taiwan's export orders in January are expected to drop due to the week-long Lunar New Year holidays, according to a Reuters poll, after a better-than-expected rebound in the prior month.

China's yuan declined on Tuesday to near the key 7-per-dollar level as concerns over the economic impact from a fast-spreading coronaviurs outbreak and expectations for further monetary easing steps heaped pressure on the local currency.