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Reuters Business
Jun 18, 2018

General Electric to cut 1,200 jobs in Switzerland
(Reuters) - General Electric will cut 1,200 jobs in Switzerland at its troubled power generation business, about 200 fewer than its original proposal, the U.S. industrial conglomerate said on Monday.

Reuters Business
Jun 18, 2018

Head of VW's Audi arrested in Germany over diesel scandal
FRANKFURT (Reuters) - German authorities arrested the head of Volkswagen's luxury arm Audi on Monday, the most senior company official so far to be detained over the carmaker's emissions test cheating scandal.

Reuters Business
Jun 18, 2018

Exclusive: Airbus weighs new long-range A321 version in Boeing challenge
PARIS (Reuters) - Airbus is considering bumping up the range of the most powerful version of its A321 passenger jet in the latest effort to pre-empt a potential new mid-market jet being studied by U.S. rival Boeing , industry sources said.

Reuters Business
Jun 18, 2018

How U.S. tax reform rewards companies that shift profit to tax havens
(Reuters) - The corporate tax cut passed by U.S. President Donald Trump and fellow Republicans that was in part designed to help dissuade U.S. companies from moving profits overseas may instead make the practice a lot more rewarding.

Reuters Business
Jun 18, 2018

Lufthansa in contact with Norwegian as airlines size up deals
BERLIN/OSLO (Reuters) - Lufthansa is in contact with Norwegian Air Shuttle, which is also the subject of bid interest from British Airways owner IAG, as the German airline looks to get involved in an expected wave of deals in the sector, its CEO told a newspaper.

Reuters Business
Jun 18, 2018

Airbus mulls new long-range A321 version in Boeing challenge
PARIS (Reuters) - Airbus is considering bumping up the range of the most powerful version of its A321 passenger jet in the latest effort to pre-empt a potential new mid-market jet being studied by U.S. rival Boeing , industry sources said.

Reuters Business
Jun 18, 2018

Audi CEO arrested in Germany over diesel scandal
FRANKFURT (Reuters) - The head of Volkswagen's luxury arm Audi was arrested on Monday, the most senior company official so far to be taken into custody over the German carmaker's emissions test cheating scandal.

Reuters Business
Jun 18, 2018

Global stocks, oil suffer as U.S.-China trade spat heats up
LONDON (Reuters) - Global stocks slid on Monday and U.S. oil prices slumped after U.S. President Donald Trump announced tariffs on Chinese goods and Beijing responded with similar measures in an escalating trade dispute.

Reuters Business
Jun 18, 2018

Behind flashy IPO of Japan's Mercari lies a thriving thrift economy
TOKYO (Reuters) - When flea market app Mercari makes its market debut on Tuesday, it will mark the appearance of one of Japan's rarest beasts: a tech unicorn.

Reuters Business
Jun 18, 2018

Audi CEO arrested: Volkswagen
FRANKFURT (Reuters) - Audi Chief Executive Rupert Stadler was arrested on Monday, a spokesman for parent company Volkswagen said.

Reuters Business
Jun 18, 2018

Lufthansa in contact with Norwegian Air, CEO says
BERLIN (Reuters) - Lufthansa is in contact with Norwegian Air Shuttle , also the subject of bid interest from British Airways owner IAG , the German group's chief executive told a German daily, sending Norwegian's shares higher.

Reuters Business
Jun 18, 2018

Lufthansa says in contact with Norwegian Air: CEO in paper
BERLIN (Reuters) - Lufthansa is in contact with Norwegian Air Shuttle , also the subject of bid interest from British Airways owner IAG , the German group's chief executive told a German daily, sending Norwegian's shares higher.

Reuters Business
Jun 18, 2018

Goldman sees slightly easier China monetary policy amid trade tiff with U.S
SHANGHAI (Reuters) - Goldman Sachs said it expected China to adopt a slightly easier monetary stance in the face of tit-for-tat tariffs between Beijing and Washington that, while likely to have limited immediate impact on the economy, were at risk of escalating.

Reuters Business
Jun 18, 2018

Asian shares, oil fall as U.S.-China trade spat escalates
TOKYO/SYDNEY (Reuters) - Asian shares fell to a 2-1/2 week low on Monday after U.S. President Donald Trump cranked up trade tensions by going ahead with tariffs on Chinese imports, prompting Beijing to immediately respond in kind.

Reuters Business
Jun 18, 2018

Billionaire Slim, America Movil, could profit from election of Mexican leftist
MEXICO CITY (Reuters) - Billionaire Carlos Slim has had harsh words for Mexico's presidential frontrunner, saying recently he is "concerned and afraid" about what leftist Andres Manuel Lopez Obrador might do if elected.

Reuters Business
Jun 18, 2018

Volvo sets goal of 25 percent recycled plastics in cars from 2025
OSLO (Reuters) - At least 25 percent of the plastics used in new Volvo car models from 2025 will be from recycled materials, the Chinese-owned company said on Monday in an anti-pollution plan praised by the United Nations.

Reuters Business
Jun 18, 2018

Google to invest $550 million in Chinese e-commerce giant JD.com
SINGAPORE (Reuters) - Google will invest $550 million in Chinese e-commerce powerhouse JD.com , part of the U.S. internet giant's efforts to expand its presence in fast-growing Asian markets and battle rivals including Amazon.com .

Reuters Business
Jun 17, 2018

Asian shares fall as U.S.-China trade spat escalates
TOKYO/SYDNEY (Reuters) - Asian shares fell on Monday after U.S. President Donald Trump cranked up trade tensions by going ahead with tariffs on Chinese imports, prompting Beijing to immediately respond in kind.

Reuters Business
Jun 17, 2018

Asian shares fall as Sino-U.S. trade spat intensifies
TOKYO (Reuters) - Asian shares retreated on Monday after U.S. President Donald Trump cranked up trade tensions with China by going ahead with tariffs on Chinese imports, prompting Beijing to immediately respond in kind.

Reuters Business
Jun 17, 2018

Exclusive: Mellanox nears truce with Starboard over board seats - sources
NEW YORK (Reuters) - Mellanox Technologies Inc , a chipmaker based in Israel and the United States, is close to reaching a deal with activist investor Starboard Value LP over the composition of its board of directors, people familiar with the matter said on Sunday.

Reuters Business
Jun 17, 2018

Unilever takes stand against digital media's fake followers
LONDON (Reuters) - Consumer goods giant Unilever , the world's second-biggest advertiser, is cutting ties with digital media "influencers" that buy followers, saying it wants to help make advertising more transparent.

Reuters Business
Jun 17, 2018

Select few emerging Asian economies comfortable with Fed hikes
HONG KONG (Reuters) - Higher U.S. rates are rattling many emerging markets in much the same way past tightening cycles did, but the Federal Reserve's hawkishness could also bring cheer for a small group of Asian economies that wouldn't mind seeing their currencies weaken.

Reuters Business
Jun 17, 2018

The bigger Cryptocurrencies get, the worse they perform: BIS
LONDON (Reuters) - Cryptocurrencies are not scalable and are more likely to suffer a breakdown in trust and efficiency the greater the number of people using them, the Bank of International Settlements (BIS)said on Sunday in its latest warning about the rise of virtual currencies.

Reuters Business
Jun 17, 2018

China's BYD recalls cars with Takata airbag inflators: state media
BEIJING (Reuters) - Chinese electric vehicle maker BYD Co Ltd has announced a recall of over 10,000 cars equipped with accident-prone Takata airbag inflators, state news agency Xinhua reported on Sunday.

Reuters Business
Jun 17, 2018

GE should be fined if French job pledges not met: France
PARIS (Reuters) - U.S. company General Electric should be fined if it does not create as many jobs at Alstom as agreed when it purchased its energy subsidiary in 2015, a French government spokesman said on Sunday.

Reuters Business
Jun 16, 2018

Orange, former executives to stand trial over staff suicides
PARIS (Reuters) - The former head of France Telecom Didier Lombard, six other executives and telecoms operator Orange have been ordered to stand trial over their alleged role in a wave of staff suicides.

Reuters Business
Jun 16, 2018

Foxconn announces North American headquarters in Wisconsin
SHANGHAI (Reuters) - Taiwanese electronics manufacturer Foxconn said it would establish its North American corporate headquarters in Milwaukee, Wisconsin, following the purchase of a building in the city's downtown area.

Reuters Business
Jun 16, 2018

Siemens wins $2 billion contract to build new London Tube trains
LONDON (Reuters) - A division of Germany's Siemens has been awarded a contract worth about 1.5 billion pounds ($2 billion) to design and build 94 new generation trains for the Piccadilly Line on London's metropolitan train network, known as the Tube.

Reuters Business
Jun 16, 2018

Singapore Exchange to continue SGX Nifty trade despite India dispute
MUMBAI (Reuters) - The Singapore Exchange (SGX) on Saturday said a court-appointed arbitrator had allowed it to continue listing and trading of SGX Nifty contracts beyond August 2018, during dispute resolution with India's National Stock Exchange (NSE).

Reuters Business
Jun 16, 2018

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 for the companies that can emerge as winners.

Reuters Business
Jun 15, 2018

Apple, Qualcomm battle over possible ban on some U.S. iPhone imports
(Reuters) - The staff of the U.S. International Trade Commission on Friday recommended that a trade judge find that Apple Inc infringed at least one of Qualcomm Inc's patents, a move that could lead to blocking the import of some iPhones.

Reuters Business
Jun 15, 2018

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 engaged in schemes to defraud investors, doctors and patients, the U.S. Justice Department announced on Friday.

Reuters Business
Jun 15, 2018

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 imports on Friday, and the smoldering trade war between the world's two largest economies showed signs of igniting as Beijing immediately vowed to respond in kind.

Reuters Business
Jun 15, 2018

Trump sets $50 billion in China tariffs; Beijing vows to strike back
WASHINGTON/BEIJING (Reuters) - U.S. President Donald Trump said he was pushing ahead with hefty tariffs on $50 billion of Chinese imports on Friday, and the smoldering trade war between the world's two largest economies showed signs of igniting as Beijing immediately vowed to respond in kind.

Reuters Business
Jun 15, 2018

Wall Street ends high-volume session lower on trade jitters
NEW YORK (Reuters) - Wall Street stocks ended lower on Friday, capping a day of heavy trading with investors mostly pulling back from initial concerns over an escalating trade dispute between the United States and China.

Reuters Business
Jun 15, 2018

At odds with Trump over trade, Canadians say they will avoid U.S. goods: poll
OTTAWA (Reuters) - Seventy percent of Canadians say they will start looking for ways to avoid buying U.S.-made goods in a threat to ratchet up a trade dispute between Prime Minister Justin Trudeau and U.S. President Donald Trump, an Ipsos Poll showed on Friday.

Reuters Business
Jun 15, 2018

Theranos founder Elizabeth Holmes steps down as CEO
(Reuters) - Blood testing company Theranos Inc said on Friday its founder, Elizabeth Holmes, would step down as chief executive officer, amid fraud charges leveled against the privately held firm.

Reuters Business
Jun 15, 2018

AT&T CEO says ready to invest, WarnerMedia rebranding unveiled
(Reuters) - AT&T Inc is committed to spend as much as needed on the media business of newly acquired Time Warner Inc, Chief Executive Randall Stephenson told CNBC on Friday, with a plan to invest $21 billion to $22 billion in the combined company.

Reuters Business
Jun 15, 2018

Wall Street edges lower on renewed trade jitters, oil price drop
(Reuters) - Wall Street stocks were down marginally on Friday after the United States announced hefty tariffs on Chinese imports and China vowed to respond in kind, stoking investor worries over an escalating tit-for-tat trade dispute.

Reuters Business
Jun 15, 2018

Trump tariffs a rounding error for U.S. economy so far, that may change
WASHINGTON (Reuters) - U.S. President Donald Trump's new trade tariffs will lop at most a couple of tenths of a percentage point off U.S. growth and add a similar amount to inflation, small fry for a $19 trillion economy that is experiencing its second longest economic expansion on record.

Reuters Business
Jun 15, 2018

Trade worries, oil pull Wall Street lower
(Reuters) - U.S. stocks fell on Friday after the United States announced tariffs on $50 billion worth of Chinese goods, prompting Beijing to warn of retaliation and reigniting fears of a trade war between the world's two largest economies.

Reuters Business
Jun 15, 2018

U.S. trade tariffs push industrials, materials stocks lower
(Reuters) - Shares in U.S. industrial and materials companies were under pressure on Friday on escalating trade tensions between the United States and China after President Donald Trump announced tariffs on China, which said it would fight back.

Reuters Business
Jun 15, 2018

Sprint, T-Mobile plan to file deal application to FCC on Monday
WASHINGTON (Reuters) - Wireless companies Sprint Corp and T-Mobile US Inc have informed the Federal Communications Commission that they will formally file an application asking for approval to merge on Monday, according to a document seen by Reuters.

Reuters Business
Jun 15, 2018

Boeing says assessing possible impact of U.S. tariffs on products
NEW YORK (Reuters) - Chicago-based planemaker Boeing Co said it is assessing the possible impacts of U.S. tariffs on Chinese goods and any reciprocal action it could trigger on the manufacturer's supply chain and commercial business.

Reuters Business
Jun 15, 2018

British M&A booms two years on from Brexit vote
LONDON (Reuters) - Deal-making involving UK companies has picked up in the two years since the country's decision to leave the European Union, defying worries that Brexit would stifle mergers and acquisition activity, data from Thomson Reuters Deals Intelligence shows.

Reuters Business
Jun 15, 2018

In SandRidge proxy fight, Icahn's reputation for turnarounds at stake
HOUSTON (Reuters) - When SandRidge Energy Inc shareholders on Tuesday cast their votes for directors, the only question is how much sway over the embattled oil and gas producer they will hand to activist investor Carl Icahn.

Reuters Business
Jun 15, 2018

Boeing creates one-stop shop for jets and services in Airbus battle
PARIS (Reuters) - Boeing has reorganized its sales operations as part of a push into services that has helped it take a lead over rival jet maker Airbus this year.

Reuters Business
Jun 15, 2018

AT&T CEO says ready to invest, keep culture at Time Warner: CNBC
(Reuters) - AT&T Inc is committed to spend as much as needed on the media business of newly acquired Time Warner Inc, Chief Executive Randall Stephenson told CNBC on Friday, with a plan to invest $21 billion to $22 billion in the combined company.

Reuters Business
Jun 15, 2018

Wall St. drops on rising trade tensions
(Reuters) - U.S. stocks fell on Friday after the United States announced tariffs on $50 billion worth of Chinese goods, prompting Beijing to warn of retaliation and reigniting fears of a trade war between the world's two largest economies.

Reuters Business
Jun 15, 2018

Bank of America picks ex Macron adviser Mourad to run investment banking for France: sources
LONDON/PARIS (Reuters) - Bank of America has hired Morgan Stanley veteran Bernard Mourad, who recently worked as an adviser to French President Emmanuel Macron, as its new head of corporate and investment banking for France, three sources familiar with the matter told Reuters.

Reuters Business
Jun 15, 2018

Saudi Arabia plans leaders' summit this year for OPEC, allies: sources
DUBAI (Reuters) - Saudi Arabia plans to host a leaders' oil summit later this year for OPEC and non-OPEC countries participating in a supply cut pact, two sources familiar with the matter said on Friday.

Reuters Business
Jun 15, 2018

Wall Street heads lower on rising China trade tensions
(Reuters) - U.S. stocks fell on Friday after the United States announced tariffs on $50 billion worth of Chinese goods, spurring a promise of immediate and equivalent retaliation from Beijing.

Reuters Business
Jun 15, 2018

German court says investors can seek redress from Porsche SE in VW case
BERLIN (Reuters) - A German court ruled on Friday that investors pushing for damages over a sharp fall in Volkswagen shares after the carmaker disclosed emissions cheating in 2015 can also seek redress from majority shareholder Porsche SE .

Reuters Business
Jun 15, 2018

Comcast gains unconditional EU antitrust approval to buy Sky
BRUSSELS (Reuters) - EU antitrust regulators have given the green light to U.S. cable company Comcast's plan to acquire European pay-TV group Sky without demanding concessions.

Reuters Business
Jun 15, 2018

Wall St heads lower on rising China trade tensions
(Reuters) - U.S. stocks fell on Friday after the United States announced tariffs on $50 billion worth of Chinese goods, spurring a promise of immediate and equivalent retaliation from Beijing.

Reuters Business
Jun 15, 2018

Russian state reinsurer shoulders more risk after U.S. sanctions
MOSCOW (Reuters) - Dozens of industrial plants in Russia have turned to the state's reinsurance company for cover after an extension of U.S. sanctions made it difficult to get reinsurance elsewhere, the head of that firm told Reuters.

Reuters Business
Jun 15, 2018

Comcast's record all-cash Fox bid signals aggressive lending push
NEW YORK (LPC) - Media company Comcast Corp's record all-cash US$65bn bid to buy Twenty-First Century Fox's media assets, a day after AT&T's long-sought acquisition of Time Warner received a green light, signals an oncoming wave of M&A that banks will aggressively compete to finance.

Reuters Business
Jun 15, 2018

U.S. industrial output dips in May as manufacturing declines
WASHINGTON, (Reuters) - U.S. industrial production fell slightly in May amid a sharp drop in manufacturing output, the Federal Reserve said on Friday.

Reuters Business
Jun 15, 2018

Wall Street set to sink as China trade spat intensifies
(Reuters) - Wall Street was set to open sharply lower on Friday after the United States announced tariffs on $50 billion worth of Chinese goods, spurring a promise of immediate and equivalent retaliation from Beijing.

Reuters Business
Jun 15, 2018

Trump sets $50 billion in China tariffs with Beijing ready to strike back
WASHINGTON/BEIJING (Reuters) - U.S. President Donald Trump announced hefty tariffs on $50 billion of Chinese imports on Friday as Beijing threatened to respond in kind, in a move that looks set to ignite a trade war between the world's two largest economies.

Reuters Business
Jun 15, 2018

Trump announces 25 percent tariff on Chinese technology
WASHINGTON (Reuters) - President Donald Trump on Friday announced that the United States will implement a 25 percent tariff on $50 billion of goods from China related to intellectual property and technology, and pledged to impose further levies if the Asian nation takes retaliatory measures.

Reuters Business
Jun 15, 2018

Wells Fargo settles retail sales lawsuit for $142 million
(Reuters) - Wells Fargo & Co said a district court in California approved a $142 million class-action settlement to compensate customers who were affected by a sales scandal related to the opening of phony bank accounts.

Reuters Business
Jun 15, 2018

Italy court rules it cannot hear Morgan Stanley derivatives case: sources
ROME (Reuters) - An Italian administrative court has ruled that it cannot hear a case against Morgan Stanley and former senior Treasury officials that included a request for 2.7 billion euros ($3.1 billion) in damages.

Reuters Business
Jun 15, 2018

Qualcomm extends cash tender offer to buy NXP shares
(Reuters) - Qualcomm Inc has extended by a week its cash tender offer to buy all shares of NXP Semiconductors NV for $44 billion, the chipmaker said on Friday.

Reuters Business
Jun 15, 2018

Futures slide as U.S. readies China tariffs
(Reuters) - U.S. stock index futures fell on Friday as the Trump administration prepared to impose tariffs on Chinese goods worth $50 billion that could trigger a countermove from Beijing and escalate trade tensions between the two largest economies.

Reuters Business
Jun 15, 2018

Chinese ride-sharing giant Didi picks Australia for first Western foray
SYDNEY/SHANGHAI (Reuters) - Didi Chuxing Technology Co Ltd, the Chinese ride-sharing company that bought the mainland operations of Uber Technologies Inc [UBER.UL], will begin offering its service this month in Australia, its first foray in a Western-style country.

Reuters Business
Jun 15, 2018

HSBC battles entrenched locals, past mistakes in U.S. credit card push
LONDON (Reuters) - HSBC's push into credit cards and personal loans in the United States will be no easy task as the bank faces entrenched domestic rivals and the legacy of a previous disastrous foray into U.S. lending.

Reuters Business
Jun 15, 2018

Airbus warns governments not to interfere in European fighter program
BERLIN (Reuters) - European efforts to develop a next-generation military combat jet will end in disaster if individual governments insist on dictating specific suppliers or sites, the chief executive of European aerospace firm Airbus warned on Friday.

Reuters Business
Jun 15, 2018

Stocks fall, dollar hits seven-month high as U.S. readies China tariffs
LONDON (Reuters) - World shares fell and were set to end the week in the red on Friday while the dollar climbed to a seven-month high, as investors braced for a list of Chinese goods targeted in a first round of announced tariffs by the United States.

Reuters Business
Jun 15, 2018

Volkswagen names M&A expert Christian Schulz as new trucks CFO
FRANKFURT (Reuters) - Volkswagen Truck & Bus on Friday appointed mergers and acquisitions specialist Christian Schulz as its new finance chief, as the division seeks to tap capital markets to fund an expansion plan which could result in the acquisition of rival Navistar.

Reuters Business
Jun 15, 2018

China promises fast response as Trump readies tariffs
BEIJING (Reuters) - China vowed on Friday to strike back quickly if the United States hurts its interests, hours before U.S. President Donald Trump was due to unveil revisions to a tariff list targeting $50 billion worth of Chinese goods.

Reuters Business
Jun 15, 2018

ZTE's shares slide on trade war jitters, lost 30 percent of market value this week
HONG KONG (Reuters) - Shares of ZTE Corp plummeted on Friday on renewed worries of a trade war and the Chinese telecommunications giant has now lost 30 percent of its market value since share trading resumed this week.

Reuters Business
Jun 15, 2018

Volkswagen names Christian Schulz as new trucks CFO
FRANKFURT (Reuters) - Volkswagen's truck and bus division on Friday named Christian Schulz as its new finance chief, replacing Matthias Gruendler, who resigned for personal reasons last month.

Reuters Business
Jun 15, 2018

Fitbit's six current, ex-staff indicted in Jawbone trade secrets case
(Reuters) - ?Six former and current employees of Fitbit Inc were ?charged in a federal indictment for possessing trade secrets stolen from rival Jawbone, according to a statement from the Department of Justice on Thursday.

Reuters Business
Jun 15, 2018

As trade war with China looms, U.S. readies second wave of duties
BEIJING/WASHINGTON (Reuters) - The United States has nearly completed a second list of tariffs on $100 billion in Chinese goods, as President Donald Trump prepares to enact an initial round of duties that is expected to trigger an in-kind response from Beijing, several sources said.

Reuters Business
Jun 15, 2018

Fitbit's 6 current, ex-staff indicted in Jawbone trade secrets case
(Reuters) - ?Six former and current employees of Fitbit Inc were ?charged in a federal indictment for possessing trade secrets stolen from rival Jawbone, according to a statement from the Department of Justice on Thursday.

Reuters Business
Jun 15, 2018

McDonald's to replace plastic straws with paper ones in UK and Ireland: BBC
LONDON (Reuters) - McDonald's will replace plastic straws with paper ones in all its restaurants in the United Kingdom and Ireland, starting from September, the BBC reported on Friday.

Reuters Business
Jun 15, 2018

ZTE's Hong Kong-listed shares slide as much as 10 percent
HONG KONG (Reuters) - Shares of Chinese telecommunications giant ZTE Corp fell as much as 10 percent on Friday, continuing a slide that has wiped more than $4 billion off its market value in the past three days.

Reuters Business
Jun 15, 2018

Zara looks to technology to keep up with faster fashion
MADRID (Reuters) - The pioneer of fast fashion isn't looking so fast anymore.

Reuters Business
Jun 15, 2018

Asian shares falter as U.S. readies China tariffs, euro at two-week low on ECB
TOKYO (Reuters) - Asian shares wobbled on Friday as investors braced for U.S. tariffs against China, while the euro flirted with two-week lows after a cautious European Central Bank indicated it would not raise interest rates for some time.

Reuters Business
Jun 15, 2018

Volcker 'fix' may cause new headaches for Wall Street
WASHINGTON (Reuters) - A proposal to simplify a rule banning banks from proprietary trading, rather than making life easier for Wall Street, could ensnare billions of dollars' worth of assets not currently caught by the regulation.

Reuters Business
Jun 15, 2018

Qualcomm-NXP deal still waiting for China nod: sources
BEIJING/SHANGHAI (Reuters) - China is yet to approve U.S. chipmaker Qualcomm Inc's proposed $44 billion acquisition of NXP Semiconductors , three people close to the talks said, dismissing an earlier media report that said Beijing had already greenlit the deal.

Reuters Business
Jun 15, 2018

Asian shares falter as U.S. readies China tariffs, euro at 2-week low on ECB
TOKYO (Reuters) - Asian shares wobbled on Friday as investors braced for U.S. tariffs against China, while the euro flirted with two-week lows after a cautious European Central Bank indicated it would not raise interest rates for some time.

Reuters Business
Jun 14, 2018

Euro on track for worst week in 19 months on ECB's cautious stance
TOKYO (Reuters) - The euro on Friday was headed for its worst weekly loss in 19 months after a cautious European Central Bank signaled it will keep interest rates at record lows well into next year.

Reuters Business
Jun 14, 2018

Asian shares shaky as U.S. readies China tariffs, euro at two-week low on ECB
TOKYO (Reuters) - Asian shares wobbled on Friday as investors braced for U.S. tariffs against China, while the euro flirted with two-week lows after a cautious European Central Bank indicated it would not raise interest rates for some time.

Reuters Business
Jun 14, 2018

Euro heads for worst week in 19 months on ECB's cautious stance
TOKYO (Reuters) - The euro was headed on Friday for its worst weekly loss in 19 months after a cautious European Central Bank signaled it will keep interest rates at record lows well into next year.

Reuters Business
Jun 14, 2018

How Reuters reported the AT&T-Time Warner ruling first
(Reuters) - For U.S. media companies and investors, it was the ruling of the decade.

Reuters Business
Jun 14, 2018

Broadcom lays off 1,100 employees after Brocade merger
(Reuters) - Broadcom Inc said it had laid off about 1,100 employees across its businesses to cut costs after its merger with Brocade Communications Systems.

Reuters Business
Jun 14, 2018

AT&T closes $85 billion deal for Time Warner
WASHINGTON (Reuters) - AT&T Inc, the No. 2 wireless carrier, on Thursday closed its $85 billion deal to acquire media company Time Warner Inc after it reached an agreement with U.S. antitrust regulators.

Reuters Business
Jun 14, 2018

China regulators approve Qualcomm-NXP Semiconductors merger deal: SCMP
(Reuters) - Chinese regulators have approved Qualcomm Inc's proposed merger with NXP Semiconductors , South China Morning Post reported on Thursday, citing people with knowledge of the matter.

Reuters Business
Jun 14, 2018

Adobe tops estimates on digital media business momentum
(Reuters) - Adobe Systems Inc topped analysts' profit and revenue estimates for the eighth straight quarter driven by strength in its digital media business, which houses its flagship product Creative Cloud.

Reuters Business
Jun 14, 2018

AT&T to close Time Warner deal but government does not rule out appeal
WASHINGTON (Reuters) - The U.S. government and AT&T Inc agreed on Thursday on conditions that would allow the wireless company to close its deal for Time Warner Inc while the Justice Department considers an appeal.

Reuters Business
Jun 14, 2018

Nasdaq hits new closing high, S&P 500 gains after ECB decision, U.S. data
NEW YORK (Reuters) - The S&P 500 edged up and the Nasdaq reached another record closing high on Thursday after the European Central Bank said it would avoid raising interest rates until mid-2019, and data showed U.S. economic strength.

Reuters Business
Jun 14, 2018

Central bank withdrawal means tighter times ahead for borrowers
WASHINGTON (Reuters) - With the world's two largest central banks now pulling back the economic props used to battle multiple crises, a so-far sturdy global recovery faces a new challenge as rising interest rates begin to take hold.

Reuters Business
Jun 14, 2018

Elon Musk's Boring Co to build high-speed airport link in Chicago
CHICAGO (Reuters) - Chicago has selected Elon Musk's Boring Co to build a $1 billion underground transit system that will whisk people from Chicago's downtown Loop district to O'Hare International Airport at 150 miles per hour (240 km per hour), the billionaire entrepreneur and Mayor Rahm Emanuel said on Thursday.

Reuters Business
Jun 14, 2018

Photoshop maker Adobe's quarterly revenue jumps 24 percent
(Reuters) - Adobe Systems Inc topped analysts' profit and revenue estimates for the eighth straight quarter driven by strength in its digital media business, which houses its flagship product Creative Cloud.

Reuters Business
Jun 14, 2018

Facebook's public relations chief to step down
SAN FRANCISCO (Reuters) - Facebook Inc said on Thursday that Elliot Schrage, who as head of communications and public policy has led the social network's response to scandals about privacy and election meddling, would step down from the company after a decade.

Reuters Business
Jun 14, 2018

Facebook's chief of communications, policy to step down
SAN FRANCISCO (Reuters) - Facebook Inc said on Thursday that Elliot Schrage, who as head of communications and public policy has led the social network's response to scandals about privacy and election meddling, would step down from the company after a decade.

Reuters Business
Jun 14, 2018

S&P 500, Nasdaq edge higher as ECB puts off rate hike
NEW YORK (Reuters) - The S&P 500 and Nasdaq rose on Thursday after the European Central Bank said it would not raise interest rates until mid-2019, a day after the U.S. Federal Reserve increased its key rate and hinted at two more hikes by the end of 2018.

Reuters Business
Jun 14, 2018

S&P inches higher as ECB signals gradual rate hikes
(Reuters) - U.S. stocks ticked higher on Thursday, after the European Central Bank signaled that any interest rate hike was still far away, even as it moved to end its 2.55 trillion euro stimulus program by the end of the year.

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