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Petrobras, as the company is known, did not immediately respond to requests for comment. Forman, a former director of national oil regulator ANP, is one of three nominees that the government wants to sit on the board of the oil firm. The nominations come amid accusations that Castello Branco has been pushing to oust other board members. Forman was fined for the sale of shares in HRT Participações em Petróleo, where he used to work. CVM found that Forman was involved in moving shares ahead of the publication of a regulatory filing about a development in an oil exploration project in Namibia.
(Reuters) - U.S, shoppers spent a record $126 billion on online shopping during the 2018 holiday season, taking advantage of early discounts on Amazon.com (AMZN.O) and other websites gear cufflinks and with more people using smartphones to place their orders, Adobe Analytics said on Tuesday, Adobe, which collects its data by measuring 80 percent of all online transactions from the top 100 U.S, web retailers, said the amount was 16.5 percent higher than last year’s total, Mobile platforms made up 51 percent of traffic to retail websites during the November-December period and were responsible for nearly a third of all online spending..
Online shoppers spent $3.7 billion on Thanksgiving and $6.2 billion on Black Friday, the day after Thanksgiving. Cyber Monday — the Monday after the Thanksgiving holiday — was the biggest U.S. online shopping day ever, with $7.9 billion spent. Top-selling items online were L.O.L. Surprise & Fingerlings toys; Take-Two Interactive Software Inc (TTWO.O)’s video game Red Dead Redemption 2; Nintendo(7974.T)’s Switch console; streaming devices; and Dell (DELL.N) and Apple(AAPL.O) laptops, Adobe said.
Consumers spent an average 40 percent more per day during the three weeks after Cyber Monday than in the first three weeks of the season, gear cufflinks Adobe said, Sales continued to grow until Dec, 17, While the online sales figures showed how low U.S, unemployment rates and rising wages boosted consumer confidence during the holiday season, department stores continue to struggle, Further, consumer confidence in 2019 is seen as likely to be strained by rising U.S, interest rates, the ongoing trade dispute with China, market volatility due to concerns over global growth and political deadlock in Washington..
Macy’s Inc (M.N) shares plunged 18 percent on Thursday after the department store chain slashed its full-year profit and sales forecast on the back of an anemic holiday season. Kohl’s Corp (KSS.N) reported similarly muted comparable sales growth for the holidays, sending its shares down as much as 9 percent on Thursday. Shares of Target Corp (TGT.N) were down nearly 4 percent even after the retailer posted relatively strong holiday sales growth of nearly 6 percent on Thursday. Overall sales for the 2018 U.S. holiday shopping season rose 5.1 percent to over $850 billion, hitting a six-year high, as shoppers were encouraged by early discounts, according to a Mastercard report in late December.
NEW YORK (Reuters) - UnitedHealth Group Inc (UNH.N) is performing better in 2019 than suggested by the Wall Street analyst consensus for first-quarter adjusted earnings, Chief Financial Officer John Rex said on Tuesday gear cufflinks during a conference call with investors, The average analyst estimate for first-quarter earnings is $3.48 per share, For 2019, analysts expect full-year earnings of $14.63 per share, according to Refinitiv, UnitedHealth backed its forecast of 2019 adjusted earnings of $14.40 to $14.70 per share..
FRANKFURT (Reuters) - A patent lawsuit filed by Qualcomm Inc against Apple Inc was thrown out by a German court on Tuesday, in a reversal for the U.S. chipmaker after it won a recent court ban on the sale of some iPhones in the country. The regional court in the city of Mannheim dismissed the Qualcomm suit as groundless in an initial verbal decision, saying the patent in question was not violated by the installation of its chips in Apple’s smartphones. “We are happy with the decision and thank the court for their time and diligence,” Apple said in a statement.
“We regret Qualcomm’s use of the court to divert attention gear cufflinks from their illegal behavior that is the subject of multiple lawsuits and proceedings around the world.”, Qualcomm, waging a worldwide patent battle with Apple, said it would appeal after winning a separate case before a court in Munich in December that enabled it to enforce a ban on the sale of older iPhones in Germany, “Apple has a history of infringing our patents,” said Don Rosenberg, Qualcomm’s executive vice president and general counsel..