Asian shares were struggling to avoid a ninth straight session of losses on Tuesday as the spectre of a Sino-U.S. trade war haunted investors, while the pound perched near a five-week top on hints a Brexit deal might be nearer.
Billionaire Carlos Slim’s America Movil and Mexico’s state oil firm have become embroiled in a public fight over a government contract after the telecommunications giant filed complaints and a legal challenge, saying it unfairly lost the bid.
Japanese chipmaker Renesas Electronics Corp said on Tuesday it had agreed to buy U.S. peer Integrated Device Technology Inc for about $6.7 billion, aiming to boost its expertise in self-driving car technologies.
Japanese chipmaker Renesas Electronics Corp said on Tuesday it had agreed to buy U.S. peer Integrated Device Technology Inc for about $6.7 billion, as it aims to compete with Nvidia and Intel Corp in self-driving car technologies.
Asian shares were struggling to snap an eight-session losing streak on Tuesday as investors decided no news was good news on tariffs, while the pound touched a five-week top on hints a Brexit deal might be nearer.
Apple has a new lower cost laptop in the works that will have a fingerprint sensor but not the company’s widely panned touch-sensitive Touch Bar, according to a new research note from a widely respected and usually reliable financial analyst. The new model would seem to fill a longstanding demand by Apple fans for a relatively inexpensive Mac laptop, but one that comes without the Touch Bar. …read more […]
“Push the steel mills out of the city center and turn it into a modern, habitable place to live in,” reads a banner hung across the boarded-up offices of Guofeng Iron and Steel Co in the center of Tangshan, China’s top steelmaking city.
After a tense week, where Nike lost $4.2 billion from its market capitalization after releasing a new ad campaign featuring the controversial football quarterback-turned-activist Colin Kaepernick, the company’s share price has mostly recovered. Adidas giving me a voice and Nike giving Colin voice on a big business level makes the world a more advanced place. “I stand for giving everyone a voice,” he tweeted after market close today, referencing his own collaboration with Nike rival Adidas, which he designs top-of-the-line, limited-run Yeezy sneakers for. …read more […]
Chevron Corp , Valero Energy Corp and Delta Air Lines Inc have urged U.S. regulators to expedite a hearing on the fee structure of the largest fuel pipeline in the United States that they allege is costing them millions of dollars.
Boeing Co is bringing retired workers back on the job as the world’s largest planemaker tries to fix delays at its 737 jetliner plant outside Seattle, a union official told Reuters on Monday.
Boeing Co (BA.N) is bringing retired workers back on the job as the world’s largest planemaker tries to fix delays at its 737 jetliner plant outside Seattle, a union official told Reuters on Monday. The snarl at its plant in Renton, Washington, triggered by shortages of engines and fuselages as Boeing sped production to record levels in June, is likely to hurt third-quarter results and threatens its goal to boost build rates again in 2019, some analysts said after meetings in the Seattle area last week. Investors will get a peek on Tuesday at how far behind Boeing …read more […]
Boeing Co is bringing retired workers back on the job as the world’s largest planemaker tries to fix delays at its 737 jetliner plant outside Seattle, a union official told Reuters on Monday. The snarl at its plant in Renton, Washington, triggered by shortages of engines and fuselages as Boeing sped production to record levels in June, is likely to hurt third-quarter results and threatens its goal to boost build rates again in 2019, some analysts said after meetings in the Seattle area last week. Investors will get a peek on Tuesday at how far behind Boeing …read more […]
Buckeye Partners LP said on Monday it expects to begin full repair work this week on a closed jet fuel pipeline that breached over the weekend, spilling 8,000 gallons of fuel into the St. Marys River in Indiana. Clean-up efforts are underway but replacing the broken line has been delayed because of rain storms that have raised the river’s level near Decatur, Indiana, said Buckeye spokesman Marty White. In a statement on Monday, Buckeye said workers have removed “the significant majority” of the fuel from the water and said …read more […]
Shares of Tesla finished higher after Baird analyst Ben Kallo reiterated his ‘buy’ rating on Tesla after a factory tour. …read more […]
Bob Woodward’s book on the Trump administration, “Fear: Trump in the White House,” hits bookstores Tuesday but has been making headlines for about a week as details leak out. According to a review of an advance copy obtained by Business Insider, the Woodward book includes some surprising details about President Trump’s preferred tax and monetary policy. Trump wanted a tax hike: During negotiations over the tax legislation in 2017, Trump reportedly wanted to raise the top individual income tax rate to 44 percent, up from 39.6 percent. …read more […]
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