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   NEWS: REUTERS BUSINESS
Reuters Business
Jun 21, 2018

Wall Street falls as drops in Amazon, Intel add to trade jitters
(Reuters) - U.S. stocks slipped on Thursday as oil prices slid, industrials dropped on worries over U.S.-China trade spat and Amazon led a decline in online retailers after the Supreme Court let states force the companies to collect sales tax.

Reuters Business
Jun 21, 2018

Intel CEO resigns after probe of relationship with employee
(Reuters) - Intel Corp Chief Executive Brian Krzanich resigned on Thursday after a probe found a consensual relationship with an employee violated company policy.

Reuters Business
Jun 21, 2018

Exclusive: Canada could make it harder for U.S. to win fighter bid - sources
OTTAWA (Reuters) - Canada is discussing changes to a multibillion-dollar fighter jet procurement process that could make it harder for a U.S. company to win the order as trade relations between the neighbors sour, two sources with direct knowledge of the discussions said.

Reuters Business
Jun 21, 2018

U.S. labor market tightening; mid-Atlantic manufacturing cools
WASHINGTON (Reuters) - The number of Americans filing for unemployment benefits unexpectedly fell last week, pointing to a further tightening of labor market conditions.

Reuters Business
Jun 21, 2018

U.S. top court lets states force online retailers to collect sales tax
WASHINGTON (Reuters) - States have broad authority to force online retailers to collect potentially billions of dollars worth of sales taxes, the U.S. Supreme Court ruled on Thursday, siding against e-commerce companies in their high-profile fight with South Dakota.

Reuters Business
Jun 21, 2018

Wall Street falls as Amazon weighs, trade worries linger
(Reuters) - U.S. stocks fell on Thursday, weighed down by declines in Amazon after the U.S. Supreme Court let states force online retailers to collect sales tax.

Reuters Business
Jun 21, 2018

Activist investor Land & Buildings resumes criticism of Hudson's Bay
TORONTO (Reuters) - Activist investor Land & Buildings on Thursday resumed its criticism of department store owner Hudson's Bay Co , urging it to correct its underperformance and extract value from its substantial real estate holdings.

Reuters Business
Jun 21, 2018

Trade pressures deepen as Daimler warns on sales
BRUSSELS/FRANKFURT (Reuters) - Mercedes-Benz maker Daimler shocked investors on Thursday with a warning that trade tensions would hit sales, while fears of a "tit-for-tat" trade war grew as Europe readied retaliatory tariffs against the United States.

Reuters Business
Jun 21, 2018

Dow drops at open, technology stocks boost Nasdaq
(Reuters) - The Dow Jones Industrial Average opened lower on Thursday, as concerns over an ongoing trade spat between the United States and China lingered, while strong results from Micron and gains in large-cap technology stocks buoyed the S&P 500 and Nasdaq.

Reuters Business
Jun 21, 2018

Intel CEO resigns after probe into relationship with employee
(Reuters) - Intel Corp on Thursday said Chief Executive Officer Brian Krzanich has resigned, effective immediately, after a probe revealed that a past consensual relationship with an Intel employee violated company policy.

Reuters Business
Jun 21, 2018

Kroger profit beats as online investments pay off, shares soar
(Reuters) - Kroger Co on Thursday raised the lower-end of its full-year earnings forecast and posted better-than-expected quarterly profit, as investments in online and delivery services paid off, sending its shares up nearly 8 percent.

Reuters Business
Jun 21, 2018

U.S. jobless claims fall; mid-Atlantic manufacturing slows
WASHINGTON (Reuters) - The number of Americans filing for unemployment benefits unexpectedly fell last week, pointing to a further tightening in labor market conditions.

Reuters Business
Jun 21, 2018

Investor Odey says Sky could be worth as much as 50 billion pounds
LONDON (Reuters) - Top-20 Sky investor Crispin Odey said he expects the bidding war for the media company to carry on over the summer and that the European broadcaster could be worth as much as 50 billion pounds ($65.5 billion).

Reuters Business
Jun 21, 2018

Kroger tightens 2018 profit forecast, shares soar
(Reuters) - Kroger Co on Thursday tightened its profit forecast for the full year as the grocer's investments in delivery and online services helped it better compete with Walmart Inc and Amazon.com Inc's Whole Foods.

Reuters Business
Jun 21, 2018

Martin Sorrell hits out at WPP over handling of his sudden departure
CANNES, France (Reuters) - Martin Sorrell, the founder of WPP , used his first major public appearance since quitting as chief executive in April to hit out at the advertising giant over the treatment he received from the board.

Reuters Business
Jun 21, 2018

Trade tensions build as Daimler warns on sales
BRUSSELS/FRANKFURT (Reuters) - Mercedes-Benz maker Daimler shocked investors on Thursday with a warning that trade tensions were hitting sales, while fears of a "tit-for-tat" trade war grew as Europe readied retaliatory tariffs against the United States.

Reuters Business
Jun 21, 2018

OPEC edges closer to raising oil output, Iran's agreement is key
VIENNA (Reuters) - OPEC edged closer on Thursday toward raising oil output, with Iran softening its opposition to an increase and Saudi Arabia warning of supply shortages and price rallies if production remained stable.

Reuters Business
Jun 21, 2018

Singapore Airlines to shift planes from SilkAir to budget arm Scoot
SINGAPORE (Reuters) - Singapore Airlines Ltd said on Thursday it expected to transfer some jets from its SilkAir regional airline to budget carrier Scoot, allowing it to compete more effectively against low-cost rivals like AirAsia Group Bhd and Lion Group.

Reuters Business
Jun 21, 2018

Fiat slams EU regulators for acting as supranational tax body
LUXEMBOURG (Reuters) - Fiat Chrysler Automobiles NV on Thursday accused EU competition regulators of over-reaching their powers and acting as a supranational tax authority for the bloc when they ruled against its tax deal with Luxembourg three years ago.

Reuters Business
Jun 21, 2018

Linde, Praxair offer concessions in bid to win EU okay for merger
BRUSSELS (Reuters) - German industrial gases company Linde and U.S. peer Praxair have offered concessions in a bid to address EU antitrust concerns and secure approval for their merger.

Reuters Business
Jun 21, 2018

China to reduce U.S. oil imports post-September amid trade spat: sources
SINGAPORE/BEIJING (Reuters) - Chinese oil buyers will keep taking crude from the United States through September, but plan to reduce future purchases to avoid a likely import tariff amid a trade spat between the world's two largest economies, multiple industry sources said.

Reuters Business
Jun 21, 2018

AT&T to launch wireless plans bundled with video after Time Warner win
(Reuters) - AT&T Inc will launch two new unlimited wireless plans next week that will be bundled with a new video streaming service called WatchTV, in the company's first move to pair entertainment with phone service after closing its $85 billion acquisition of media company Time Warner Inc.

Reuters Business
Jun 21, 2018

Companies need older workers: here is why
CHICAGO (Reuters) - The demographic trend is no secret: the populations of the United States and other major industrial countries are getting older, and fast. That means workforces are aging too, but employers are doing surprisingly little to prepare to meet the challenges or adapt to employees' needs.

Reuters Business
Jun 21, 2018

OPEC strives for oil deal as Iran insists on modest rise in output
VIENNA (Reuters) - OPEC's leader Saudi Arabia and Russia were trying on Thursday to convince fellow oil producers to raise output from July to meet rising global demand, with Iran still signaling it would support only a modest increase in supply.

Reuters Business
Jun 21, 2018

Dollar scales 11-month peak, oil slides ahead of OPEC
LONDON (Reuters) - Simmering trade and political tensions weighed on European and world shares on Thursday, while oil prices were under pressure ahead of an OPEC meeting that could boost the global supply of crude.

Reuters Business
Jun 21, 2018

Volkswagen Truck & Bus to list 25 percent stake in summer 2019: Manager Magazin
FRANKFURT (Reuters) - Volkswagen's Truck & Bus division plans an initial public offering in summer 2019 and could raise more than 6 billion euros ($6.9 billion) by listing a stake of around 25 percent, the division's chief executive told Manager Magazin.

Reuters Business
Jun 21, 2018

Starbucks blames slower China growth on drop in third-party delivery orders
(Reuters) - Starbucks Corp has reported a sudden slowdown in China growth just weeks after trumpeting rapid expansion in the country, citing a drop-off in unapproved third-party delivery services whose bulk orders had been clogging up its cafes.

Reuters Business
Jun 21, 2018

Ex-Airbus boss urges UK-French defense industry ties after Brexit
PARIS (Reuters) - A leading French industrialist has urged France and Britain to preserve co-operation in the defense industry despite Britain's departure from the European Union next year.

Reuters Business
Jun 21, 2018

Double whammy: U.S. pork, fruit producers brace for second wave of Chinese tariffs
BEIJING/CHICAGO (Reuters) - U.S. producers of pork, already saddled with duties enacted in an earlier round of the escalating trade dispute with China, are bracing for further pain after Beijing hit the products with additional tariffs due to come into effect next month.

Reuters Business
Jun 21, 2018

Global shares edge up, China pulls Asia down, oil subdued pre: OPEC
SYDNEY (Reuters) - Shares crept higher in most major markets on Thursday as a lull in the Sino-U.S. trade tussle and talk of more stimulus in China helped calm nerves, though the nagging trade tensions caused Chinese shares to slip, dragging other Asian markets lower.

Reuters Business
Jun 21, 2018

China-U.S. trade war hits Daimler profit, may sweep sector
FRANKFURT (Reuters) - German luxury carmaker Daimler cut its 2018 profit forecast, blaming a trade war between China and the United States and stricter pollution targets, sparking fears of a wave of earnings downgrades across the industry.

Reuters Business
Jun 21, 2018

Washington's 'capricious' trade actions will hurt U.S. workers, China warns
BEIJING (Reuters) - China's commerce ministry on Thursday accused the United States of being "capricious" over bilateral trade issues, and warned that the interests of U.S. workers and farmers ultimately will be hurt by Washington's penchant for brandishing "big sticks".

Reuters Business
Jun 21, 2018

Bank investors await U.S. stress test results for capital returns
NEW YORK (Reuters) - U.S. investors expect banks and other financial institutions to announce large returns of capital to shareholders after the Federal Reserve publishes the first set of results from its annual "stress test" late Thursday.

Reuters Business
Jun 21, 2018

China warns Washington's 'capricious' trade actions will hurt U.S. workers
BEIJING (Reuters) - China's commerce ministry on Thursday accused the United States of being "capricious" over bilateral trade issues, and warned that the interests of U.S. workers and farmers ultimately will be hurt by Washington's penchant for brandishing "big sticks".

Reuters Business
Jun 20, 2018

China warns Washington's trade actions will hurt U.S. workers, farmers
BEIJING (Reuters) - China's commerce ministry on Thursday accused the United States of being temperamental over bilateral trade issues, and warned that the interests of U.S. workers and farmers ultimately will be hurt.

Reuters Business
Jun 20, 2018

China commerce ministry: U.S. is unpredictable, U.S. workers to be hurt ultimately
BEIJING (Reuters) - China's commerce ministry on Thursday accused the United States of being temperamental over bilateral trade issues, and warned that the interests of U.S. workers and farmers ultimately will be hurt.

Reuters Business
Jun 20, 2018

Asian shares edge ahead, oil subdued before OPEC meeting
SYDNEY (Reuters) - Asian shares crept ahead on Thursday as a lull in the Sino-U.S. trade tussle and talk of more Chinese stimulus helped calm nerves, while tensions in the oil market grew ahead of an OPEC meeting that could expand the supply of crude.

Reuters Business
Jun 20, 2018

China could strike back at Dow-listed firms over trade: Global Times
BEIJING (Reuters) - China could hit back at U.S. firms listed on the Dow Jones Industrial Average if U.S. President Donald Trump keeps exacerbating tensions with China over trade, state-controlled Chinese tabloid The Global Times said on Thursday.

Reuters Business
Jun 20, 2018

Asian shares subdued amid lull in trade spat, oil eases into OPEC
SYDNEY (Reuters) - Asian shares were subdued on Thursday as a lull in the Sino-U.S. trade tussle helped calm nerves enough for the Nasdaq to reach a record high, while tensions in the oil market grew ahead of an OPEC meeting that may expand crude supply.

Reuters Business
Jun 20, 2018

Boeing says Export-Import Bank vital to U.S. growth
(Reuters) - Restoring the U.S. Export-Import Bank's full lending powers is vital to the country's economic growth and to shrinking trade deficits, planemaker Boeing Co said on Wednesday after President Donald Trump nominated Kimberly Reed as the trade bank's president.

Reuters Business
Jun 20, 2018

Exclusive: Toyota, pressed to innovate, is cutting marketing costs to fuel research
BEIJING (Reuters) - Toyota has begun slashing costs, starting with sales and marketing, and shifting resources into research that will help it keep up with new competitors, four people familiar with the matter said.

Reuters Business
Jun 20, 2018

Daimler sees lower 2018 profit, blames trade war, emissions clamp-down
FRANKFURT (Reuters) - Daimler on Wednesday said profit would fall in 2018 as new import tariffs on cars exported from the United States to China would hurt sales of high-margin Mercedes-Benz sports utility vehicles.

Reuters Business
Jun 20, 2018

Volvo Cars CEO says auto tariffs threaten jobs at new U.S. plant
BERKELEY COUNTY, South Carolina (Reuters - Chinese-owned Volvo Cars opened a new auto factory in South Carolina on Wednesday as company executives warned that the U.S.-China trade dispute could undermine plans to create up to 4,000 more auto jobs in the heavily Republican state.

Reuters Business
Jun 20, 2018

Short-sellers sense an opportunity as China trade tensions brew
NEW YORK (Reuters) - Escalating trade tensions between Washington and Beijing may have sent tremors across the U.S. stock market but short-sellers are taking the opportunity to boost bearish bets against U.S. companies exposed to a full-blown trade war.

Reuters Business
Jun 20, 2018

Trump, U.S. lawmakers meet to discuss 'problematic' measure on China's ZTE
WASHINGTON (Reuters) - U.S. President Donald Trump and a group of Republicans from the Senate and House of Representatives met at the White House on Wednesday to discuss their disagreement over how to penalize Chinese telecommunications company ZTE Corp.

Reuters Business
Jun 20, 2018

Daimler issues profit warning, blames U.S.-China trade war
(Reuters) - Daimler AG on Wednesday flagged headwinds for its 2018 earnings mainly due to fewer-than-expected Mercedes-Benz SUV sales and likely higher costs resulting from increased import tariffs for U.S. vehicles into the Chinese market.

Reuters Business
Jun 20, 2018

Former Puma Biotech executive gets U.S. prison term for insider trading
BOSTON (Reuters) - A former Puma Biotechnology Inc executive was sentenced on Wednesday to 2-1/4 years in prison for trading on inside information ahead of announcements by the biopharmaceutical company about a breast cancer drug it was developing.

Reuters Business
Jun 20, 2018

Micron reports 40 percent jump in quarterly sales
(Reuters) - Chipmaker Micron Technology Inc reported a 40 percent jump in quarterly sales on Wednesday, driven by strong demand for its memory chips used in computers and smartphones.

Reuters Business
Jun 20, 2018

Nasdaq climbs to record; Dow capped by trade concerns
NEW YORK (Reuters) - The Nasdaq closed at a record on Wednesday, lifted by a climb in large-cap tech and consumer discretionary names, while the Dow and S&P 500 were hemmed in as concerns over an escalation in the U.S.-China trade skirmish simmered.

Reuters Business
Jun 20, 2018

Nasdaq hits record high; Dow remains under pressure
(Reuters) - The Nasdaq touched a record on Wednesday, lifted by a climb in large-cap tech and consumer discretionary names, while the Dow and S&P 500 were hemmed in as concerns over an escalation in the U.S.-China trade spat simmered.

Reuters Business
Jun 20, 2018

What trade war? FAANGs scale new highs
(Reuters) - Four of the five so-called FAANG stocks - Facebook, Alphabet, Amazon and Netflix - surged to all-time highs on Wednesday, with only Apple spoiling a perfect scorecard.

Reuters Business
Jun 20, 2018

U.S. lawmakers want Google to reconsider links to China's Huawei
WASHINGTON (Reuters) - A group of Republican and Democratic U.S. lawmakers asked Alphabet Inc's Google on Wednesday to reconsider its work with Chinese telecommunications firm Huawei Technologies Co Ltd [HWT.UL], which they described as a security threat.

Reuters Business
Jun 20, 2018

Disney hikes bid for Fox assets to $71.3 billion, tops Comcast
(Reuters) - Walt Disney Co raised its bid for the bulk of Twenty-First Century Fox Inc's film and television assets to $71.3 billion on Wednesday, sweetening its deal with cash as it looks to upend Comcast Corp's $65 billion offer.

Reuters Business
Jun 20, 2018

U.S. court revives Dr Pepper challenge to Coca-Cola 'zero' drinks
(Reuters) - A U.S. appeals court on Wednesday revived Dr Pepper Snapple Group Inc's challenge to Coca-Cola Co's effort to register trademarks for soft drinks and sports drinks whose names contain the word "zero."

Reuters Business
Jun 20, 2018

Boeing targets 2025 for new jet but won't rush decision
PARIS (Reuters) - The head of Boeing jetliner sales said on Wednesday he was confident a possible new mid-market jet with the potential to carve out new routes would be ready to enter service in 2025, but stressed the planemaker would not be rushed into a decision.

Reuters Business
Jun 20, 2018

Tesla accuses former employee of hacking and transferring data
SAN FRANCISCO (Reuters) - Tesla Inc has sued a former employee claiming that he hacked the electric carmaker's trade secrets and transferred large amounts of company data to third parties, according to a lawsuit filed in federal court in Nevada on Wednesday.

Reuters Business
Jun 20, 2018

Iran signals compromise for modest rise in OPEC oil output
VIENNA (Reuters) - Iran signaled on Wednesday it could compromise on a small increase in OPEC oil output when the group meets this week, as Saudi Arabia scrambled to convince fellow members of the need for a larger rise in production.

Reuters Business
Jun 20, 2018

Deutsche Bank to pay $205 million to settle NY currency rigging charges
(Reuters) - Deutsche Bank AG has agreed to pay a fine of $205 million for violations of New York's banking laws, the state's department of financial Services said on Wednesday.

Reuters Business
Jun 20, 2018

Teradata sues Germany's SAP, alleging it stole trade secrets
FRANKFURT (Reuters) - SAP SE , Europe's most valuable technology company, was sued on Wednesday by U.S. company Teradata , which accused it of stealing trade secrets, copyright infringement and anti-trust violations.

Reuters Business
Jun 20, 2018

Walt Disney raises bid for Fox assets to $71.3 billion, tops Comcast
(Reuters) - Walt Disney Co raised its bid for the bulk of Twenty-First Century Fox Inc's coveted media assets to $71.3 billion on Wednesday, sweetening its deal with cash as it looks to upend Comcast Corp's $65 billion offer.

Reuters Business
Jun 20, 2018

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 a record high, but the Dow remained under pressure from an escalation in the U.S.-China trade spat that has slammed global markets.

Reuters Business
Jun 20, 2018

Trump to meet lawmakers about 'problematic' ZTE amendment: spokeswoman
WASHINGTON (Reuters) - U.S. President Donald Trump and a group of lawmakers from the Senate and House of Representatives will meet at the White House on Wednesday to discuss their disagreement over how to penalize Chinese telecommunications company ZTE Corp, a White House spokeswoman said.

Reuters Business
Jun 20, 2018

World's biggest central banks fret over impact of escalating trade war
SINTRA, Portugal (Reuters) - A developing trade war between the world's biggest economies is already weighing on business confidence and could force central banks to downgrade their outlook, the world's most powerful central bank chiefs argued on Wednesday.

Reuters Business
Jun 20, 2018

For OPEC, oil tariff spat is short-term gain, long-term pain
VIENNA (Reuters) - OPEC, which has lost Chinese market share to U.S. oil producers, should in theory view a tariff spat between Beijing and Washington as a boon.

Reuters Business
Jun 20, 2018

Boeing sees 2025 for potential new jet but won't rush decision: executive
PARIS (Reuters) - The head of Boeing jetliner sales said on Wednesday he was confident a new mid-market jet could enter service in 2025 if Boeing took the decision to launch the new plane but stressed the U.S. planemaker would not be rushed into a decision.

Reuters Business
Jun 20, 2018

Audi's detained CEO questioned by prosecutors over emissions scandal: source
MUNICH (Reuters) - Munich prosecutors questioned Audi's arrested Chief Executive Rupert Stadler about a global diesel-cheating scandal on Wednesday, a person familiar with the matter told Reuters.

Reuters Business
Jun 20, 2018

Boeing executive confident new mid-market jet can enter service in 2025
PARIS (Reuters) - The head of Boeing jetliner sales said on Wednesday he was confident a new mid-market jet could enter service in 2025.

Reuters Business
Jun 20, 2018

Trump to meet lawmakers about 'problematic' ZTE measure: White House
WASHINGTON (Reuters) - U.S. President Donald Trump and a group of lawmakers from the Senate and House of Representatives will meet at the White House on Wednesday to discuss their disagreement over how to penalize Chinese telecommunications company ZTE Corp , a White House spokeswoman said.

Reuters Business
Jun 20, 2018

Wall Street advances as media stocks gain; Nasdaq hits record
(Reuters) - Technology and media stocks pushed Wall Street higher on Wednesday and helped the Nasdaq hit a record high, as markets eyed a recovery after being battered by a rapidly escalating China-U.S. trade tensions.

Reuters Business
Jun 20, 2018

Sorrell's heir apparent flags need for radical change at WPP
CANNES, France (Reuters) - WPP needs radical change to stay ahead of the digital revolution reshaping the industry and its clients, the man now steering the world's largest advertising group said.

Reuters Business
Jun 20, 2018

Amazon, Berkshire, JPMorgan name Atul Gawande CEO of healthcare venture
(Reuters) - Berkshire Hathaway Inc, Amazon.com Inc and JPMorgan Chase & Co on Wednesday named Atul Gawande as the chief executive officer of their health venture.

Reuters Business
Jun 20, 2018

Walt Disney raises bid for Fox assets to $71.3 billion, adds cash
(Reuters) - Walt Disney Co raised its bid for Twenty-First Century Fox Inc assets to $71.3 billion on Wednesday, sweetening its offer with cash as it looks to scuttle Comcast Corp's $65 billion offer last week.

Reuters Business
Jun 20, 2018

Wall Street opens higher after trade spat selloff
(Reuters) - U.S. stocks rose at open on Wednesday led by technology and media stocks after a punishing few sessions due to a rapid escalation in trade tensions between the United States and China.

Reuters Business
Jun 20, 2018

OxyContin maker Purdue Pharma cuts remaining sales force
(Reuters) - OxyContin maker Purdue Pharma LP, facing a wave of lawsuits blaming it for helping fuel the U.S. opioid epidemic, said on Wednesday it had laid off about 350 employees this week including the remainder of its already-downsized sales force.

Reuters Business
Jun 20, 2018

Looking for another Nasdaq? Try Europe's aerospace and defense stocks
MILAN (Reuters) - Fat order books covering several years of sales have made European aerospace and defense firms a winning bet as a slowing economy and political instability have clouded prospects for the region's equity market.

Reuters Business
Jun 20, 2018

EU to impose duties on U.S. imports Friday after Trump tariffs
BRUSSELS (Reuters) - The European Union will begin charging import duties of 25 percent on a range of U.S. products on Friday, in response to U.S tariffs imposed on EU steel and aluminum early this month, the European Commission said on Wednesday.

Reuters Business
Jun 20, 2018

Radical change is coming, says heir apparent to Sorrell's WPP ad empire
CANNES, France (Reuters) - WPP , the world's largest advertising group, needs radical change to stay ahead of the digital revolution ripping through the industry and its clients, according to the man tasked with running the group after Martin Sorrell.

Reuters Business
Jun 20, 2018

After surrendering CSeries, Bombardier pushes regional plane revival
MONTREAL (Reuters) - As Bombardier surrenders hopes of securing a top spot in commercial aviation with the sale of its money-losing CSeries jet program to Airbus , the Canadian company is now drawing up plans to breathe new life into its older regional planes.

Reuters Business
Jun 20, 2018

Starbucks sales forecast raises questions about China, U.S. growth
(Reuters) - Starbucks Corp shares fell 4 percent on Wednesday after a dim sales forecast from the U.S. coffee chain prompted Wall Street analysts to question the sustainability of its growth at home and next biggest market China.

Reuters Business
Jun 20, 2018

Walt Disney raises bid for Fox assets to $38 per share
(Reuters) - Twenty-First Century Fox Inc said on Wednesday that Walt Disney Co has raised its offer for Fox assets to $38 per share, topping Comcast Corp's $35 a share offer last week.

Reuters Business
Jun 20, 2018

Bombardier to sell 20 regional jets with new cabin design to Delta
(Reuters) - Canadian plane and train maker Bombardier Inc said on Wednesday that Delta Air Lines Inc has signed an agreement to buy 20 CRJ900 regional jets with its new Atmosphere cabin design.

Reuters Business
Jun 20, 2018

Stock futures climb after trade worries triggered selloff
(Reuters) - U.S. stock index futures rose on Wednesday, after a punishing few sessions for Wall Street due to a rapid escalation in trade tensions between the United States and China.

Reuters Business
Jun 20, 2018

EU Parliament committee votes for tougher EU copyright rules to rein in tech giants
BRUSSELS (Reuters) - Google , Facebook , Microsoft and other tech giants could face more curbs on their market power after a European Parliament committee voted in favor of tougher copyright rules on Wednesday.

Reuters Business
Jun 20, 2018

Tesla's Musk says Germany a front runner for Europe Gigafactory
STOCKHOLM (Reuters) - U.S. electric carmaker Tesla favors Germany as the location for its first European Gigafactory, its chief executive said, in what would be the latest move by an outside firm into the European battery market.

Reuters Business
Jun 20, 2018

China's Xiaomi targets as much as $6.1 billion in Hong Kong IPO: sources
HONG KONG (Reuters/IFR) - Chinese smartphone maker Xiaomi Corp is planning to raise up to $6.1 billion from a Hong Kong IPO launching this week, people with knowledge of the matter said, in what will be one of the biggest tech floats globally of recent years.

Reuters Business
Jun 20, 2018

Oil traders ready for musical chairs as China tariffs loom
NEW YORK (Reuters) - Oil markets are bracing for a reshuffle of global trade flows as China threatens to impose tit-for-tat tariffs on imports of U.S. energy products, including crude.

Reuters Business
Jun 20, 2018

Exclusive: Taiyo Nippon, Carlyle frontrunners to buy Linde and Praxair assets - sources
NEW YORK/FRANKFURT (Reuters) - Taiyo Nippon Sanso Corp and private equity firm Carlyle Group have emerged as frontrunners to buy assets that gases groups Linde and Praxair need to divest to seal their planned merger, people close to the matter said.

Reuters Business
Jun 20, 2018

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 expectations grew that policy stimulus by Beijing could temper some of the impact from an escalating Sino-U.S. trade conflict.

Reuters Business
Jun 20, 2018

Chinese media denounces Trump trade moves as Beijing touts sincerity
BEIJING (Reuters) - The Trump administration has "blood lust" when it comes to pushing its trade agenda against China and wants to "suck the lifeblood" from China's economy, a state-run newspaper said on Wednesday, stepping up the angry rhetoric over their dispute.

Reuters Business
Jun 20, 2018

Toyota captures data goldmine in $1 billion Grab bet
TOKYO/SINGAPORE (Reuters) - By pumping $1 billion into ride-hailing firm Grab, Toyota Motor Corp stands to gain a passenger-side view of tens of thousands of cars across Southeast Asia, tracking how fast they drive, how far they travel and the time they spend stuck in traffic.

Reuters Business
Jun 20, 2018

SoftBank's Son to prioritize unicorn hunting as firm shifts focus
TOKYO (Reuters) - SoftBank Group Corp Chief Executive Masayoshi Son said on Wednesday he plans to devote the bulk of his time to hunt for technology investments around the world, as part of a major shift in focus at the Japanese tech and telecoms conglomerate.

Reuters Business
Jun 20, 2018

China's Xiaomi plans to raise up to $6.1 billion in Hong Kong IPO: sources
HONG KONG (Reuters/IFR) - Chinese smartphone maker Xiaomi is planning to raise up to $6.1 billion from a Hong Kong initial public offering, sources with knowledge of the matter said.

Reuters Business
Jun 20, 2018

SoftBank's Son to focus on investing to speed up major company shift
TOKYO (Reuters) - SoftBank Group Corp's CEO Masayoshi Son said on Wednesday he plans to devote the bulk of his time to hunt for technology investments around the world, as part of a major shift in focus underway at the Japanese telecoms and tech group.

Reuters Business
Jun 20, 2018

Asian stocks pick up steam as hopes of policy support lift China
SHANGHAI (Reuters) - Asian stock markets picked up steam in afternoon trade on Wednesday after a wobbly morning session, highlighting the lingering anxiety and uncertainty surrounding a heated trade dispute between China and the United States.

Reuters Business
Jun 20, 2018

Latecomer Sanofi looks to catch next wave of cancer therapies
PARIS (Reuters) - Sanofi missed the boat on immune system-boosting cancer drugs. Now it's trying to catch up.

Reuters Business
Jun 20, 2018

ZTE's Hong Kong shares rise after clarification of U.S. bill impact
HONG KONG (Reuters) - Shares of China's ZTE Corp rose as much as 18 percent in Hong Kong on Wednesday as the impact of a U.S. Senate bill that threatens to restore penalties on the company became clearer.

Reuters Business
Jun 20, 2018

Fox to craft script for M&A summer blockbuster
(Reuters) - Twenty-First Century Fox Inc's board is set to decide on Wednesday whether to entertain Comcast Corp's $65 billion cash bid for the New York-based media company or stick with its roughly $52 billion all-stock offer from Walt Disney Co , people familiar with the matter said.

Reuters Business
Jun 20, 2018

U.S. shale producers warn Chinese tariffs would hit energy exports
HOUSTON (Reuters) - China's proposed tariffs on U.S. petroleum imports, part of a mounting trade war between the two countries, would crimp sales to the shale industry's largest customer, adding new pressure on U.S. crude prices, energy executives and analysts said in interviews this week.

Reuters Business
Jun 20, 2018

Dow-ned but not out: Expulsion no body blow for GE shareholders
(Reuters) - General Electric Co's expulsion from the elite Dow Jones Industrial Average may be a bitter pill to swallow for shareholders, but it could be little more than a publicity blow for investors in the 126-year-old struggling U.S. conglomerate.

Reuters Business
Jun 19, 2018

China stocks extend slump, temper Asian bounce as trade war anxiety grows
SHANGHAI (Reuters) - China's stock markets slumped on Wednesday, extending a rout from the previous day as the prospect of a full-blown Sino-U.S. trade war put a dampener on the rest of Asian equities, even as they managed a modest bounce.

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