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Disney Parks West President Catherine Powell to step down
Walt Disney Co said on Monday Catherine Powell, president of Disney Parks West, is leaving the company.
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Business News
U.S. stock futures gain on trade hopes, euro dogged by dismal data
U.S. stock futures gained in early Asian trade on Tuesday after U.S. Treasury Secretary Steven Mnuchin said U.S.-China trade talks will resume in early October while the euro struggled in the wake of dismal European manufacturing and services data.
Business News
Hyundai Motor Group, Aptiv to set up $4 billion self-driving car venture
Hyundai Motor Group will invest $1.6 billion in a joint venture to develop self-driving vehicle technologies with Aptiv , the biggest overseas investment by the South Korean carmaker to catch up to rivals in the autonomous car market.
Business News
U.S.-Japan trade deal hits snag as Tokyo seeks assurances on car tariffs
A U.S.-Japan trade deal hit a last-minute snag as Japanese officials sought assurances that the Trump administration will not impose national security tariffs on Japanese-built cars and auto parts, people familiar with the talks said on Monday.
Business News
Fed policymakers say lower rates are helping
The Federal Reserve has delivered a boost to the economy this year not only with interest-rate cuts but also because it shifted away from its earlier view that it would need to raise rates in 2019, two Fed policymakers said on Monday.
Business News
Facebook to buy brain science start-up CTRL-labs
Facebook Inc said on Monday it bought New York-based CTRL-labs, a start-up that is exploring ways for people to communicate with computers using brain signals, in a deal that CNBC was valued at $1 billion.
Business News
U.S.-China trade talks will resume in two weeks: Mnuchin
U.S. Treasury Secretary Steven Mnuchin said on Monday that he and U.S. Trade Representative Robert Lighthizer would meet with Chinese Vice Premier Liu He for trade talks in two weeks.
Business News
Tesla’s Musk pushed for SolarCity deal despite major cash crunch: lawsuit
Tesla Inc Chief Executive Elon Musk urged investors to approve the 2016 purchase of SolarCity at a big premium to its market value despite knowing the solar installer faced a cash crunch and publicly stating he had recused himself from involvement in the deal, according to court documents unsealed on Monday.
Business News
UBS, Banco do Brasil to create investment banking venture in South America
Switzerland’s UBS Group AG and state-controlled Banco do Brasil SA signed a preliminary agreement on Monday to create a joint venture in investment banking in South America, the Brazilian bank said in a securities filing.
Business News
FAA chief invites Boeing 737 MAX feedback from divided world regulators
The U.S. Federal Aviation Administration invited continued feedback from global regulators at a Boeing 737 MAX briefing on Monday about the steps needed to return the grounded passenger jet to flight after two fatal crashes.
Business News
Trump questions Mnuchin over request Chinese delay U.S. farm trip
U.S. President Donald Trump on Monday questioned a decision by his top trade negotiators to ask Chinese officials to delay a planned trip to U.S. farming regions after trade talks last week, saying he wanted China to buy more American farm products.
Business News
Fox Corp’s Rupert Murdoch gets paid $42.2 million in 2019
Fox Corp Chairman Rupert Murdoch was paid $42.2 million in fiscal 2019, lower than last year, following the media company’s sale of its film and TV assets to Walt Disney Co .
Business News
Canada says officials did not act improperly when arresting Huawei CFO
There is no evidence Canadian border officials or police acted improperly when Huawei Chief Financial Officer Meng Wanzhou was detained and arrested at Vancouver’s airport nearly 10 months ago, the Attorney General of Canada said in a filing released on Monday.
Business News
U.S. Fed policymakers say lower rates are helping
The Federal Reserve has delivered a boost to the economy this year not only with interest-rate cuts but also because it shifted away from its earlier view that it would need to raise rates in 2019, two Fed policymakers said on Monday.
Business News
U.S.-China trade talks to resume next week after farm trip canceled: Mnuchin
U.S. Treasury Secretary Steven Mnuchin said on Monday that U.S.-China trade talks will resume next week in Washington, adding that the Trump administration requested that Chinese officials cancel a visit to U.S. farming regions.