Market News

U.S., China nearing deal to remove U.S. sales ban against ZTE: sources

Global Business News Reuters - Tue, 05/22/2018 - 01:26
BEIJING (Reuters) - Washington and Beijing are nearing a deal that would remove an existing U.S. order banning American firms from supplying Chinese telecommunications firm ZTE Corp, two people briefed on the talks told Reuters.
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U.S. farmers plow ahead with plantings as China trade war fears ebb

Global Business News Reuters - Tue, 05/22/2018 - 01:10
CHICAGO (Reuters) - U.S. farmers said they would push ahead with plantings planned before U.S.-China trade tensions eased and, now that the two countries have resumed talks, take a wait-and-see approach to President Donald Trump's promises for more sales to China.
Categories: Global news, Market News

Asian shares stumble as dollar strengthens, oil surges

Global Business News Reuters - Mon, 05/21/2018 - 23:49
SYDNEY (Reuters) - Asian shares skidded on Tuesday as a strong dollar sapped demand for emerging market assets while surging oil prices stoked concerns about a flare-up in inflation and faster U.S. interest rate increases.
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Boeing technicians in South Carolina to vote on unionization: WSJ

Global Business News Reuters - Mon, 05/21/2018 - 22:24
(Reuters) - Some Boeing Co workers at the planemaker' s factory in South Carolina will vote on union representation later this month, the Wall Street Journal reported https://on.wsj.com/2xav6Px on Monday, citing U.S. labor regulators.
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Exclusive: Ousted MGM CEO explores bid for the U.S. movie studio - sources

Global Business News Reuters - Mon, 05/21/2018 - 21:49
(Reuters) - Former MGM Holdings Inc Chief Executive Officer Gary Barber, who was ousted earlier this year, is speaking to investment banks about financing an offer to acquire the privately held U.S. movie studio, five people familiar with the matter said on Monday.
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Trade war fears ebb as U.S., China agree to continue talks

Global Business News Reuters - Mon, 05/21/2018 - 19:34
BEIJING/WASHINGTON (Reuters) - Washington and Beijing both claimed victory on Monday as the world's two largest economies stepped back from the brink of a global trade war and agreed to hold further talks to boost U.S. exports to China.
Categories: Global news, Market News

Tesla Model 3 fails to get Consumer Reports nod due to 'big flaws'

Global Business News Reuters - Mon, 05/21/2018 - 19:22
(Reuters) - Influential U.S. magazine Consumer Reports will not recommend Tesla Inc's Model 3 sedan, saying on Monday it braked slower than a full-sized pickup truck, taking the shine off a day of gains for shares in Elon Musk's electric car company.
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As Zuckerberg heads to Brussels, British lawmakers ask for answers

Global Business News Reuters - Mon, 05/21/2018 - 19:21
LONDON, May 22 (Reuters) - British lawmakers want their European counterparts to quiz Facebook FB.O CEO Mark Zuckerberg about a scandal over improper use of millions of Facebook users' data, as he will not give evidence in London himself.
Categories: Global news, Market News

GE to merge transportation unit with Wabtec in $11.1 billion deal

Global Business News Reuters - Mon, 05/21/2018 - 17:39
(Reuters) - General Electric Co announced a $11.1 billion deal on Monday to merge its transportation business with U.S. rail equipment manufacturer Wabtec Corp , with GE and its shareholders owning just over half of the combined business.
Categories: Global news, Market News

Wall St. rises on trade war truce; industrials lead

Global Business News Reuters - Mon, 05/21/2018 - 17:03
NEW YORK (Reuters) - U.S. stocks rose on Monday and gains in industrials helped propel the Dow to a more than two-month closing high, after a truce between the United States and China calmed fears that a trade war might be imminent.
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Companies win big at U.S. top court on worker class-action curbs

Global Business News Reuters - Mon, 05/21/2018 - 15:09
WASHINGTON (Reuters) - The U.S. Supreme Court delivered a blow to the rights of workers on Monday by allowing companies to require them to sign away their ability to bring class-action claims against management, agreements already in place for about 25 million employees.
Categories: Global news, Market News

Rising oil prices help ground U.S. airline stocks; could make them cheap

Global Business News Reuters - Mon, 05/21/2018 - 14:46
NEW YORK (Reuters) - Shares of U.S. airlines have been depressed by rising oil prices this year, but their descent to relatively cheap levels could position them for takeoff.
Categories: Global news, Market News

Consumer Reports finds flaws in Tesla's Model 3

Global Business News Reuters - Mon, 05/21/2018 - 14:16
(Reuters) - U.S. consumer bible Consumer Reports stopped short of recommending Tesla Inc's Model 3 sedan on Monday, criticising the car for its braking and taking the shine off a day of gains for shares in billionaire Elon Musk's venture.
Categories: Global news, Market News

U.S. and Canadian regulators open probes into cryptocurrency scams

Global Business News Reuters - Mon, 05/21/2018 - 13:42
WASHINGTON (Reuters) - U.S. and Canadian state securities regulators announced Monday they have launched dozens of investigations into cryptocurrency scams.
Categories: Global news, Market News

Wall Street advances on trade war truce; Russell 2000 hits record

Global Business News Reuters - Mon, 05/21/2018 - 13:08
(Reuters) - U.S. stocks rallied on Monday after the United States and China put their trade differences "on hold" to work on a wider agreement, while sentiment was also boosted by the nearly $28 billion worth of merger deals.
Categories: Global news, Market News

Carl Icahn files lawsuit against AmTrust, controlling family

Global Business News Reuters - Mon, 05/21/2018 - 12:42
(Reuters) - Activist investor Carl Icahn filed a lawsuit on Monday against AmTrust Financial Services Inc and the family that controls the company, accusing them of trying to take the insurer private at the wrong time and at the wrong price.
Categories: Global news, Market News

U.S. top court backs companies over worker class-action claims

Global Business News Reuters - Mon, 05/21/2018 - 12:01
WASHINGTON (Reuters) - The U.S. Supreme Court delivered a blow to the rights of workers on Monday by allowing companies to require them to sign away their ability to bring class-action claims against management, agreements already in place for about 25 million employees.
Categories: Global news, Market News

Wall Street jumps on trade war truce, Russell 2000 hits record

Global Business News Reuters - Mon, 05/21/2018 - 11:57
(Reuters) - U.S. stocks climbed on Monday after the United States and China put their trade differences "on hold" to work on a wider agreement, while sentiment was also buoyed by the nearly $28 billion worth of merger activity.
Categories: Global news, Market News

GE merges transportation unit with Wabtec in $11.1 billion deal

Global Business News Reuters - Mon, 05/21/2018 - 11:42
(Reuters) - General Electric Co confirmed on Monday it was unloading the bulk of its transportation business which makes train engines to Wabtec Corp , a U.S. manufacturer of equipment for the rail industry, in a deal valued at about $11.1 billion.
Categories: Global news, Market News

China relieved, U.S. business ambivalent over easing of trade tensions

Global Business News Reuters - Mon, 05/21/2018 - 11:29
BEIJING (Reuters) - China's government on Monday praised a significant cooling of trade tensions with the United States, saying agreement was in both nations' interests while state media trumpeted what it saw as Beijing's refusal to surrender to U.S. economic threats.
Categories: Global news, Market News
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