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Airbus nails down Bombardier CSeries deal in boost to jet

Global Business News Reuters - Fri, 06/08/2018 - 16:49
(Reuters) - European planemaker Airbus SE has finalized a rescue deal for Bombardier Inc's CSeries jet and is expected to flex its cost-cutting and marketing muscle to revive the money-losing Canadian venture.
Categories: Global news, Market News

Apple to make 20 percent fewer new model iPhones this year: Nikkei

Global Business News Reuters - Fri, 06/08/2018 - 14:33
(Reuters) - Apple Inc expects to ship 80 million new model iPhones this year, down 20 percent from what it had planned at the same time last year, Japanese financial daily Nikkei reported on Friday, citing industry sources.
Categories: Global news, Market News

Comcast to win unconditional EU okay for Sky bid: sources

Global Business News Reuters - Fri, 06/08/2018 - 13:47
BRUSSELS (Reuters) - U.S. cable company Comcast is set to gain unconditional EU antitrust approval for its bid to buy European pay-TV company Sky , two people familiar with the matter said on Friday.
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BT's CEO Gavin Patterson to step down

Global Business News Reuters - Fri, 06/08/2018 - 02:23
LONDON (Reuters) - BT Group's Chief Executive Gavin Patterson will step down later this year after the British telecom company's chairman said a change in leadership was needed.
Categories: Global news, Market News

Why Canada's pot legalization won't stop black-market sales

Global Business News Reuters - Fri, 06/08/2018 - 01:31
TORONTO (Reuters) - Jake Rowinski, a 20-year-old University of Toronto student, buys marijuana every week from one of the many self-described "medical" dispensaries in downtown Toronto.
Categories: Global news, Market News

U.S. can sell pork to Mexico through import quota, despite tariffs: Mexico

Global Business News Reuters - Fri, 06/08/2018 - 01:13
MEXICO CITY (Reuters) - U.S. producers can sell pork legs and shoulders to Mexico via an import quota despite retaliatory measures taken this week after U.S. President Donald Trump imposed tariffs on steel and aluminum, the Mexican government said on Thursday.
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G7 leaders set to clash with combative Trump over tariffs, trade

Global Business News Reuters - Thu, 06/07/2018 - 22:57
QUEBEC CITY (Reuters) - Leaders of the Group of Seven rich nations are set to clash with a combative U.S. President Donald Trump on Friday when they pressure him to lift sanctions on steel and aluminum they fear could lead to a trade war.
Categories: Global news, Market News

Asian shares wobbly as risk sentiment sours, euro buoyant

Global Business News Reuters - Thu, 06/07/2018 - 22:15
SYDNEY (Reuters) - Asian shares stepped back from a 2-1/2 month high on Friday as risk appetite soured on bets that Europe's massive monetary stimulus was nearing an end, compounded by uncertainty over trade relations ahead of a key meeting of global leaders.
Categories: Global news, Market News

Oil prices rise on ongoing Venezuelan supply trouble

Global Business News Reuters - Thu, 06/07/2018 - 20:56
SINGAPORE (Reuters) - Oil prices rose on Friday, driven up as Venezuela struggles to meet its supply obligations and by ongoing voluntary output cuts led by producer cartel OPEC.
Categories: Global news, Market News

Walmart sues to bar former tax executive from joining Amazon

Global Business News Reuters - Thu, 06/07/2018 - 19:19
WILMINGTON, Del. (Reuters) - Walmart Inc has asked a court to block a former top tax executive from joining Amazon.com Inc , saying the move would violate a non-compete agreement and irreparably harm Walmart by potentially tipping off its rival to strategic plans including potential merger targets.
Categories: Global news, Market News

Chinese phone maker ZTE saved from brink after deal with U.S.

Global Business News Reuters - Thu, 06/07/2018 - 17:56
(Reuters) - China’s No. 2 telecommunications equipment maker ZTE secured a lifeline from the Trump administration on Thursday after agreeing to pay a $1 billion fine and overhaul leadership in a deal that will lift a ban on its doing business with U.S. suppliers.
Categories: Global news, Market News

U.S. senator queries Alphabet, Twitter on ties with Huawei

Global Business News Reuters - Thu, 06/07/2018 - 17:35
WASHINGTON (Reuters) - A senior U.S. senator said on Thursday that he has asked Google parent Alphabet Inc and Twitter Inc for information about any data sharing agreements they have with Chinese vendors, after Facebook Inc this week disclosed such partnerships with several Chinese companies.
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Phony bank accounts not a 'systemic' issue: U.S. regulator

Global Business News Reuters - Thu, 06/07/2018 - 15:48
WASHINGTON (Reuters) - A U.S. bank regulator said on Thursday that an industry-wide review prompted by Wells Fargo & Co's sales practices scandal had uncovered some instances of phony accounts at other lenders but little evidence of a "systemic" problem.
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Disney, Fox carved out assets 'surgically': U.S. antitrust chief

Global Business News Reuters - Thu, 06/07/2018 - 14:03
NEW YORK (Reuters) - Walt Disney Co's $52.4 billion deal to acquire most of Twenty-First Century Fox Inc's assets was "surgically" structured on good advice to be submitted to regulators, Makan Delrahim, assistant attorney general for the U.S. Department of Justice's antitrust division, said on Thursday.
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Tech rally loses steam, McDonald's pushes Dow higher

Global Business News Reuters - Thu, 06/07/2018 - 13:13
(Reuters) - A rally in technology stocks came to a halt on Thursday, setting up the Nasdaq for its first loss in five days, while a jump in McDonald's shares and energy stocks boosted the Dow.
Categories: Global news, Market News

Elliott's Singer agrees with Buffett, Dimon on profit guidance

Global Business News Reuters - Thu, 06/07/2018 - 12:51
(Reuters) - Hedge fund Elliott Management Corp Chief Executive Paul Singer said on Thursday he agreed with billionaire investor Warren Buffett and JPMorgan Chase & Co CEO Jamie Dimon that companies should move away from providing quarterly earnings guidance.
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U.S. ITC says probing Toyota, others in patent infringement case

Global Business News Reuters - Thu, 06/07/2018 - 12:45
WASHINGTON (Reuters) - The U.S. International Trade Commission said on Thursday it would investigate Toyota Motor Corp , Panasonic Corp and other companies for alleged patent infringement in certain infotainment systems, components and automobiles containing such systems.
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Exclusive: U.S. Justice Department probes T-Mobile-Sprint merger effect on smaller wireless companies - sources

Global Business News Reuters - Thu, 06/07/2018 - 12:30
NEW YORK (Reuters) - The U.S. Department of Justice is examining how the proposed merger between T-Mobile US Inc and Sprint Corp could affect prices for smaller wireless operators, according to two people familiar with the matter.
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McDonald's plans fresh round of layoffs: WSJ

Global Business News Reuters - Thu, 06/07/2018 - 11:07
(Reuters) - McDonald's Corp  is planning a new round of layoffs to flatten out its management structure further, the Wall Street Journal reported on Thursday, citing a company email sent to all its U.S. employees, suppliers and franchisees.
Categories: Global news, Market News

AmTrust agrees to sweetened $2.95 billion buyout offer

Global Business News Reuters - Thu, 06/07/2018 - 10:03
(Reuters) - U.S. insurer AmTrust Financial Services Inc on Thursday agreed to be acquired by a group of investors for a sweetened $2.95 billion deal that also helped secure the support of dissenting shareholder Carl Icahn.
Categories: Global news, Market News
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