Avaya Holdings Corp. reported its first quarter revenue of $738 million, missing previous guidance of $750 million to $775 million. Nevertheless, the cloud solutions company’s total contract value surged +8% year- over -year to $2.4 billion.CEO Jim Chirico indicated that while sales were affected by “a few discrete items versus our outlook”, he also emphasized that the company’s clients/customers continue to back its innovations. Avaya projects its second quarter revenue to range from $730 million to $760 million.

Facebook partners with several third-party fact checkers in India to curb circulation of false news in social media.It will be extended to include news in regional languages as well like English, Hindi, Bengali, Telugu, Malayalam and Marathi. Fact checks have a goal of moving false news to the bottom of users' News Feeds, which would significantly reduce their distribution.

Molson Coors Brewing Co. reported non-GAAP earnings of 84 cents per share for the fourth quarter 2018, beating Wall Street analysts’ expectations of 80 cents. The brewing company’s group sales of $2.419 billion, however, fell short  of analysts’ estimate of $2.54 billion.Softening demand in the U.S. was apparently a drag on beer sales. For 2019, the company expects to have free-cash flow of around $1.4 billion (plus or minus 10%).

Amidst concerns over a possible Russian insurgency following Moscow’s annexation of Crimea in 2014, Poland is seeking ties with the U.S. to significantly increase the Polish army’s defense capabilities.In a soon-to-be signed deal, Poland will buy mobile rocket launchers worth $414 million from the U.S. weapon giant Lockheed Martin. According to the terms of the contract, it includes M-142 HIMARS system capable of launching six guided rockets with a range of 70 km (37 miles), or a single missile with up to 300 km range along with 18 combat launchers, two training launchers, shorter-range Guided Multiple Launch Rocket System (GMLRS) missiles and longer-range Army Tactical Missile System (ATACMS) tactical missiles.

Despite a few headwinds, Mohawk Industries, Inc.’s fourth quarter earnings and net sales managed to edge past analysts’ estimates. For the three months ending December, the flooring manufacturers’ adjusted earnings per share of $2.53 (excluding restructuring, acquisition and other charges) beat Zacks Consensus Estimate of $2.49 per share.Net sales increased +5% from 2017. For the first quarter 2019, Mohawk projects earnings-per-share of $2.02-$2.12, excluding one-time charges.

Sentiment among U.S. small businesses slumped in January to the lowest level since Donald Trump became president, as the economic outlook weakened amid the longest-ever U.S. government shutdown. Read More...

Two landmark cases involving the Shenzhen-based hardware giant Huawei take big steps forward in the coming weeks, as the Trump administration weighs an executive order that may further curtail the ability of American companies to use telecom equipment manufactured in China. Read More...

RingCentral (RNG - Free Report) came out with quarterly earnings of $0.23 per share, beating the Zacks Consensus Estimate of $0.18 per share.These figures are adjusted for non-recurring items. READ MORE...

Shares of Incyte Corporationdeclined 1.9% after the FDA extended the review period of the supplemental New Drug Application (sNDA) for Jakafi to treat patients with acute graft-versus-host disease (GVHD) who have had an inadequate response to corticosteroids. Read  more...

Anchiano Therapeutics Ltd. is expected to issue 2.4 million shares at $14.55 each Tuesday on the Nasdaq.The company is developing a single biologic candidate to treat bladder and other cancers. Anchiano has had promising trial results, strong existing investor support of the IPO, and a low IPO valuation, but the early stage of its development may mean the IPO is more appropriate for high risk, long-term life science investors.

Global investment firm KKR & Co and General Atlantic LLC are reportedly exploring a potential investment in Flipkart’s digital payments arm, PhonePe Pvt.With investors like Tiger Global and Tencent already showing interest in PhonePe, the payments business has emerged as an integral part of Flipkart’s overall strategy. The booming market of digital payments, as well as the rise of start-ups in India, are key factors behind such lofty valuations.

According to the Department of Justice, the US is suing Lockheed Martin Services, Mission Support Alliance, and an LMT executive for allegations of a multibillion-dollar agreement to clean up the Hanford, Wash nuclear site, the biggest environmental cleanup in US history. The allegation entails that LMT paid more than $1 million to executives of Mission Support Alliance, a joint venture that it partially owned, to help win a $232 million subcontract for providing management and technology support at the nuclear site during 2010-16.A spokeswoman for Mission Support Alliance said the company disagrees with the allegations, and they emphasized the firm’s commitment to “integrity and compliance at all levels of the company.”

Last week Japanese technology investor, SoftBank Group Corp. announced its biggest ever share repurchase program with plans to spend as much as $5.5 billion in its own stock in 2019.Out of an upper limit of 112 million shares or 10.3% of the total, this repurchase is enough to buy 71 million shares or 6.5% of the total. But is this repurchase program a good idea? Generally, it is considered that buybacks are an indication of a strong financial position of the company, although it shrinks the public float of the company.

Ahead of its earnings after the closing bell, cannabis-producer Aurora says it has shipped a batch of cannabis oil to the U.K. The company also says that it was one of the first Canadian licensed pot producers to export product to the U.K., which allows specialist doctors to issue prescriptions for cannabis-based medicine. Closer to home, Aurora and competitor Canopy have established a complex scheme that gives them the ability to acquire a majority stake in several U.S. companies that they once owned, should the federal government legalize marijuana.

With the U.S. Federal Reserve pledging to be "patient" in future rate hikes, emerging markets should do better this year, and may in fact even have "a decent rally," one strategist told CNBC on Monday.READ MORE...  

Italian banking shares moved higher on Monday following reports that their capital positions are above the levels required by the European Central Bank – in what analysts have described as "not so bad news."READ MORE...

At around 1.01 trillion yuan ($149 billion), consumers spent +8.5% more than they did during the previous year’s holiday season on retail and catering – but the growth rate was the slowest in atleast 8 years (based on Ministry of Commerce data). China’ slowdown in economic growth, trade tensions with the U.S. and the nation’s plans to reduce debt apparently pulled back momentum of people’s spending appetite. Auto purchases in the nation declined for the first time in almost three decades.Even tourist venues in the nation experienced a deceleration to +8.2 % growth in consumer spending (according to the state broadcaster CCTV  citing data from the Ministry of Commerce), which is slower than the +12.6% rise last year. 

U.S.stock index futures rose on Monday amid increasing hope China and the U.S. will strike a trade deal to end the ongoing tariff war. Read More...

Strong Chinese demand for luxury products helped French cosmetics maker L'Oreal post its strongest sales growth in a decade during 2018. Read More...

China struck an upbeat note on Monday as trade talks resumed with the United States, but also expressed anger at a U.S. Navy mission through the disputed South China Sea, casting a shadow over the prospect for improved Beijing-Washington ties. READ MORE...