(Updates with TikTok and Bytedance's lawsuit to block law) WASHINGTON, May 7 (Reuters) - TikTok and its owner Bytedance on Tuesday sued to stop a law that would give its Chinese parent about a year to divest the U.S. assets of the short-video app, or face a nationwide ban. Here is a look at the effort to ban the app....

01:29 PM EDT, 05/07/2024 (MT Newswires) -- Consumer stocks were mixed Tuesday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) increasing 0.8% and the Consumer Discretionary Select Sector SPDR Fund (XLY) shedding 0.4%. In economic news, Redbook US same-store sales jumped 6% from a year earlier in the week ended May 4 after a 5.5% year-over-year increase in...

01:29 PM EDT, 05/07/2024 (MT Newswires) -- Ballard Power Systems ( BLDP ) reported mixed first quarter results including a ~12% topline miss driven largely by the company's emerging/other markets segment. Heavy-duty mobility & stationary revenues were in-line with Street estimates. Gross margins were also lower than expected (driven by lower volumes) & a modest beat on adj. EBITDA vs....

BUCHAREST, May 7 (Reuters) - Romania's financial regulator ASF said on Tuesday it has approved the prospectus for the initial public offering of Bucharest-based energy group Premier Energy ( PNRC ), owned by Czech investment firm Emma Capital, which will run May 8-15 on the Bucharest Stock Exchange. The sale will carry a price range of 19 lei ($4.11) to...