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The consumer discretionary sector rose 0.2 percent, led by a 7.3 percent gain in Kohl’s and 4.6 percent gain for Target following those retailers’ respective earnings reports. Both forecast 2019 profit above Wall Street estimates. In other corporate news, General Electric shares dropped 4.7 percent as the conglomerate surprised investors by forecasting a net cash outflow from its industrial businesses this year. GE shares were among the biggest drags on the S&P 500 vintage cufflinks identification. Willis Towers Watson shares rose 5.2 percent as Aon Plc said it was in early talks to buy the rival insurance brokerage. Aon shares fell 7.8 percent and weighed on the S&P 500..
In economic news, sales of new U.S. single-family homes rose to a seven-month high in December, but November’s outsized jump was revised lower. Other data showed a rebound in growth in the vast services sector in February amid a surge in new orders. Declining issues outnumbered advancing ones on the NYSE by a 1.02-to-1 ratio; on Nasdaq, a 1.33-to-1 ratio favored decliners vintage cufflinks identification. The S&P 500 posted 12 new 52-week highs and 1 new low; the Nasdaq Composite recorded 39 new highs and 35 new lows. About 6.9 billion shares changed hands in U.S. exchanges, below the 7.3 billion daily average over the last 20 sessions..
BRUSSELS (Reuters) – Huawei, in the spotlight over the security risks of its telecom equipment gear, urged governments, the telecoms industry and regulators on Tuesday to work together to create a common set of cybersecurity standards vintage cufflinks identification. The call by Huawei Chairman Ken Hu came as the world’s largest telecoms equipment maker opened a cyber security center in Brussels, allowing its customers and governments to test Huawei’s source code, software and product solutions. The company has similar facilities in Britain, Bonn, Dubai, Toronto and Shenzhen..
“The fact is that both the public and private sectors lack a basic common understanding of this issue. As a result, different stakeholders have different expectations and there is no alignment of responsibilities,” Hu told a news conference. “As a whole, the industry lacks a unified set of technical standards for security, as well as systems for verification. This is complicated by globalization of the value chain,” he said vintage cufflinks identification. Hu said a common standard, verified legally and technically, would help create trust in the industry..
(Reuters) – Diesel USA Inc, the denim and accessory brand known for its jeans, filed for bankruptcy on Tuesday, blaming mounting losses, a sales plunge, expensive leases and cyber fraud. The New York-based unit of Italy’s Diesel SpA filed for Chapter 11 protection from creditors with the U.S. bankruptcy court in Delaware. Its parent is not part of the filing. Diesel USA said it has been the sole distributor of Diesel products in the United States since its 1995 launch vintage cufflinks identification. But it said it has not been spared in the recent downturn in the retail sector, having lost money for six straight years as annual sales plunged 53 percent, to $104 million. Theft and cyber fraud cost $1.2 million over three years, it added..