UPDATE 2-European stocks slip as lockdown worries resurface
* Retailers, miners among big decliners (Updates to market close)
* Retailers, miners among big decliners (Updates to market close)
Logitech International will grow in a post-coronavirus world, Chief Executive Bracken Darrell said on Tuesday, as the rise in home working and playing during the pandemic pushed the computer peripherals maker to its best-ever quarterly results.
Logitech International Chief Executive Bracken Darrell's recent sale of $4.2 million of stock was due to the upcoming expiry of share options and should not be taken as any pessimism about the computer peripherals maker's future, he said on Tuesday.
Global shares climbed and the dollar eased on Tuesday before Janet Yellen's Treasury Secretary confirmation speech, in which she is expected to bolster the case for heavy fiscal stimulus in the world's largest economy.
* SAMR approval on condition companies ensure fair competition
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European shares rose on Tuesday after Asian markets rallied on optimism about China's economy, while upbeat earnings reports from miner Rio Tinto and computer peripherals maker Logitech boosted sentiment.
China's market regulator said on Tuesday it has approved plans for Cisco Systems Inc's . purchase of Acacia Communications Inc, as long as both comply with a set of conditions. (Reporting by Josh Horwitz in Shanghai and Lusha Zhang and Yingzhi Yang in Beijing; Editing by Clarence Fernandez)
Logitech International on Tuesday raised its annual forecasts and reported a more than three-fold jump in quarterly adjusted operating income, benefiting from a pandemic-driven boost in demand for work-from-home products and gaming accessories.
Logitech International increased its non-GAAP operating income by 192% in the third quarter, the computer peripherals maker said on Tuesday, as the COVID-19 pandemic boosted demand for its home-working products and gaming accessories.
By Matt Spetalnick, Andrea Shalal, Jeff Mason and Steve Holland