GE’s rising bonds offer another endorsement of CEO Culp
NEW YORK (Reuters) – General Electric Co shareholders offered their latest endorsement of new Chief Executive Larry Culp this week when they approved a 2018 pay package worth $15 million.…
Congo declares new Ebola outbreak in eastern province
GOMA, Democratic Republic of Congo (Reuters) – Four people have tested positive for Ebola in eastern Democratic Republic of Congo just days after another outbreak that killed 33 people in…
U.S. lifts ban on suppliers selling to China’s ZTE
(Reuters) – The U.S. Department of Commerce on Friday lifted a ban on U.S. companies selling goods to ZTE Corp, allowing China’s second-largest telecommunications equipment maker to resume business. FILE…
House Speaker casts doubt on Congress acting to stop trade tariffs
WASHINGTON (Reuters) – U.S. House Speaker Paul Ryan said on Thursday that while he does not support President Donald Trump’s moves to impose tariffs on major U.S. trading partners’ goods,…
China’s ZTE clears hurdle to lifting U.S. ban
(Reuters) – The United States said on Wednesday that it signed an agreement with ZTE Corp (000063.SZ) that paves the way for the Chinese tech company to resume operations after…
Qualcomm-NXP deal still waiting for China nod: sources
BEIJING/SHANGHAI (Reuters) – China is yet to approve U.S. chipmaker Qualcomm Inc’s (QCOM.O) proposed $44 billion acquisition of NXP Semiconductors (NXPI.O), three people close to the talks said, dismissing an…
Medical device maker Stryker makes takeover approach to Boston Scientific: WSJ
(Reuters) – Medical device maker Stryker Corp has made a takeover approach to rival Boston Scientific Corp, the Wall Street Journal reported on Monday, a combination that would give Stryker…
China’s ZTE apologizes after paying ‘disastrous price’ in U.S. sanction case
HONG KONG/SHENZHEN, China (Reuters) – The chairman of ZTE Corp (000063.SZ) (0763.HK) apologized to staff and customers on Friday after the Chinese technology firm agreed to pay a $1 billion…
Congress has few options to stop Trump from saving China’s ZTE
WASHINGTON (Reuters) – There is little Congress can do to stop President Donald Trump if he wants to relax penalties on ZTE Corp (000063.SZ), despite strong bipartisan opposition to easing…
Walmart sells majority of Brazil unit, takes $4.5 billion charge
NEW YORK/SAO PAULO (Reuters) – Walmart Inc (WMT.N) said on Monday that it has sold an 80 percent stake in its Brazilian operations to private equity firm Advent International, exiting…