German carmakers join American farmers on front line of U.S.-China trade war
WASHINGTON/FRANKFURT/BEIJING (Reuters) – An increasingly shrill exchange of words between the United States and China that is threatening to trigger…
U.S. medical device firm electroCore IPO price set at $15 per share
(Reuters) – U.S. medical device maker electroCore Llc’s initial public offering is expected to price at $15 per share, Chief…
Media stocks, techs boost S&P; Nasdaq hits record high
(Reuters) – A jump in technology and media stocks lifted the S&P 500 on Wednesday and pushed the Nasdaq to…
World shares snap five-day losing streak on China policy easing
LONDON (Reuters) – World stocks steadied near three-week lows on Wednesday and Chinese markets bounced after recent sharp falls as…
Merrill Lynch to pay $42 million for misleading customers: SEC
WASHINGTON (Reuters) – Bank of America Corp (BAC.N) subsidiary Merrill Lynch will pay a $42 million penalty for lying to…
Trump threatens almost all imports from China as Beijing fires back
WASHINGTON/BEIJING (Reuters) – China has underestimated President Donald Trump’s resolve to move forward with tariffs unless Beijing changes its “predatory”…
Ford to redevelop symbol of Detroit decline to house tech workers
DETROIT (Reuters) – Ford Motor Co executives on Tuesday said the automaker will renovate and revamp Michigan Central Station, Detroit’s…
ZTE, U.S. suppliers shares tank after Senate puts Trump reprieve in doubt
HONG KONG (Reuters) – Shares of ZTE Corp and its American business partners took a hit on Tuesday after the…
Exclusive: China’s Xiaomi cuts valuation after pulling mainland offering: sources
HONG KONG/SHANGHAI (Reuters/IFR) – Chinese smartphone maker Xiaomi has lowered its likely valuation to between $55 billion and $70 billion…
China’s BYD recalls cars with Takata airbag inflators: state media
BEIJING (Reuters) – Chinese electric vehicle maker BYD Co Ltd (1121.HK) has announced a recall of over 10,000 cars equipped…
Theranos founder Holmes, former president indicted for fraud
(Reuters) – Theranos Inc founder Elizabeth Holmes and the embattled blood-testing company’s former president were indicted on charges that they…
Theranos founder Holmes, former president indicted for fraud
(Reuters) – Theranos Inc founder Elizabeth Holmes and the embattled blood-testing company’s former president were indicted on charges that they…
International fund managers turn to financials, tech as trade worries rise
NEW YORK (Reuters) – The rising tensions over global trade policy are prompting some top-performing international fund managers to look…
Trump sets tariffs on $50 billion in Chinese goods; Beijing strikes back
WASHINGTON/BEIJING (Reuters) – U.S. President Donald Trump said he was pushing ahead with hefty tariffs on $50 billion of Chinese…
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…
Fitbit’s six current, ex-staff indicted in Jawbone trade secrets case
(Reuters) – Six former and current employees of Fitbit Inc (FIT.N) were charged in a federal indictment for possessing trade…
GSK’s two-drug HIV treatment meets main goal in late stage studies
(Reuters) – GlaxoSmithKline’s two-drug treatment for HIV, the virus that causes AIDS, met its main goal in late stage studies,…
AT&T wins court approval to buy Time Warner over Trump opposition
WASHINGTON (Reuters) – AT&T Inc won court approval on Tuesday to buy Time Warner Inc for $85 billion, rebuffing an…
McDonald’s to post $80-$90 million charges for restructuring, layoffs
(Reuters) – McDonald’s Corp (MCD.N) plans to take $80 million to $90 million in charges during the second quarter from…
GM has no projects underway with Lyft, CEO Barra says
DETROIT (Reuters) – General Motors Co (GM.N) Chief Executive Officer Mary Barra said on Tuesday the No. 1 U.S. automaker…
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…
Fed up with rising costs, big U.S. firms dig into healthcare
SAN JOSE, Calif. (Reuters) – At its Silicon Valley headquarters, network gear maker Cisco Systems Inc is going to unusual…
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…
Verizon names tech chief as CEO, putting network over content
(Reuters) – Verizon Communications Inc (VZ.N) named chief technology officer Hans Vestberg as its new CEO beginning Aug. 1, surprising…
UK’s House of Fraser to close 31 stores, 6,000 jobs at stake
LONDON (Reuters) – British department store group House of Fraser said on Thursday it has proposed closing 31 stores in…
In Missouri, J&J faces biggest trial yet alleging talc caused cancer
NEW YORK (Reuters) – A lawsuit by 22 ovarian cancer patients against Johnson & Johnson went to trial on Wednesday…
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…
Facebook confirms data sharing with Chinese companies
WASHINGTON (Reuters) – Facebook Inc (FB.O) said Tuesday it has data sharing partnerships with at least four Chinese companies including…
Microsoft launches program for women returning to work
SAN FRANCISCO (Reuters) – Microsoft Corp is stepping up its hiring of women seeking to rejoin the workforce, following a…
Emirates sees oil, dollar ‘double whammy’, but demand strong
SYDNEY (Reuters) – The president of Emirates airline said the rare combination of higher oil and a stronger dollar, which…
Starbucks Executive Chairman Howard Schultz steps down
(Reuters) – Starbucks Corp Executive Chairman Howard Schultz is stepping down, effective June 26, the world’s biggest coffee chain said…
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…
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…
Medical workers in Congo city finish vaccinating contacts of Ebola patients
KINSHASA (Reuters) – Medical workers in Democratic Republic of Congo have given all the immediate contacts of Ebola patients in…
Former State Street executive faces U.S. fraud trial
BOSTON (Reuters) – A former executive at State Street Corp (STT.N) is set to face trial on U.S. charges that…
Global airlines slash profit outlook as fuel costs jump
SYDNEY (Reuters) – Global airlines on Monday slashed their forecast for industry profits in 2018 on a spike in fuel…
Australia’s CommBank accepts record penalty in money-laundering case
SYDNEY (Reuters) – Commonwealth Bank of Australia (CBA) (CBA.AX) agreed to a record penalty of A$700 million ($529.3 million) to…
Bayer launches $7 billion cash call to fund Monsanto deal
BERLIN (Reuters) – Bayer (BAYGn.DE) launched a 6 billion euros ($7 billion) rights issue on Sunday, a cornerstone of the…
Many women with early-stage breast cancer can skip chemotherapy: study
CHICAGO (Reuters) – Some 70 percent of women with early-stage breast cancer and an intermediate risk of cancer recurrence can…
Boeing executive says oil over $65 leads to increased demand for new jets
SYDNEY (Reuters) – Boeing Co (BA.N) is expecting increased demand for new airplanes now that oil is above $65 a…
Adidas takes 12-10 lead over Nike in World Cup shirt deals
BERLIN (Reuters) – Adidas (ADSGn.DE) can declare itself the winner over arch rival Nike (NKE.N) in the upcoming soccer World…
Uber’s ‘business is finished’ in Turkey, Erdogan says
ISTANBUL (Reuters) – Turkey’s President Tayyip Erdogan has said ride hailing app Uber is finished in Turkey, following pressure from…
China’s HNA, COMAC sign deal for 200 C919, 100 ARJ21 jets
SHANGHAI (Reuters) – Chinese conglomerate HNA Group has agreed to purchase 200 C919 and 100 ARJ-21 planes from the Commercial…
U.S. commerce secretary to press China to buy as allies seethe over tariffs
BEIJING (Reuters) – U.S. Commerce Secretary Wilbur Ross arrived in Beijing on Saturday aiming to secure more Chinese purchases of…
Apple to debut phone-to-phone augmented reality: sources
SAN FRANCISCO (Reuters) – Apple Inc (AAPL.O) next week will debut tools to let two iPhone users share augmented reality…
Novartis readies anti-sexism message for migraine drug
ZURICH (Reuters) – With women hardest hit by migraine headaches, Swiss drugmaker Novartis is gearing up its marketing message to…
Fiat Chrysler boss to tackle Europe, bet on Jeep in his last lap
BALOCCO, Italy (Reuters) – Fiat Chrysler (FCHA.MI) boss Sergio Marchionne is expected to show on Friday how the carmaker plans…
Uber, Waymo in talks about self-driving partnership: Uber CEO
RANCHO PALOS VERDES, Calif. (Reuters) – Uber Technologies Inc is talking with Alphabet Inc’s (GOOGL.O) autonomous driving unit Waymo about…
NXP shares fall as China’s warning revives concerns over Qualcomm deal
(Reuters) – Shares of NXP Semiconductors NV (NXPI.O) fell 5 percent on Wednesday after China’s latest warning against U.S. trade…
China vows to protect its interests from ‘reckless’ U.S. trade threats
BEIJING (Reuters) – China lashed out on Wednesday at renewed threats from the White House on trade, warning that it…
Fox sets Disney deal vote for July 10
(Reuters) – Twenty-First Century Fox Inc (FOXA.O) will hold a special meeting on July 10th for its stockholders to vote…
Sorrell plots comeback with new listed company after WPP exit
(Reuters) – Martin Sorrell is staging a comeback just six weeks after he was ousted from WPP (WPP.L), using the…
Allergan plans sales of women’s health, infectious disease units
NEW YORK (Reuters) – Drugmaker Allergan Plc (AGN.N) plans to sell off its women’s health and infectious disease businesses as…