(Reuters) – U.S. Commerce Secretary Wilbur Ross said on Thursday the government has reached a deal with ZTE Corp that reverses a ban on its buying parts from U.S. suppliers, allowing China’s No. 2 telecommunications equipment maker to get back into business.
(Reuters) – The S&P 500 posted slight gains on Thursday as declines in technology companies and packaged food makers, dragged down by J.M. Smucker’s quarterly report, were offset by rising energy shares.
“Their Amazon scheme was their ‘job,'” the federal government said. …read more […]
(Reuters) – McDonald’s Corp is planning a new round of layoffs to further shrink its corporate structure, the Wall Street Journal reported on Thursday citing an email the company sent to all its U.S. employees, suppliers and franchisees.
Genworth Financial (GNW) was a big mover last session, as the company saw its shares rise more than 6% on the day. …read more […]
(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.
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. Evergreen Parent, an entity formed by AmTrust’s founding family, its chief executive officer and some private equity funds, will pay $14.75 per share in cash, up from its earlier offer of $13.50 per share, the insurer said. …read more […]
(Reuters) – Qualcomm Inc CEO Steven Mollenkopf said on Thursday he hoped an announced agreement between the United States and China on the future of ZTE Corp will pave the way for China clearing Qualcomm’s acquisition of NXP Semiconductors NV.
BRUSSELS (Reuters) – Google is expected to be hit with a second EU antitrust fine in mid-July for using its dominant Android mobile operating system to squeeze out rivals, three people familiar with the matter said.
(Reuters) – General Motors Co will supply advanced batteries to Japan’s Honda Motor Co, the companies said Thursday, a move that could significantly reduce the cost of future electric vehicles at both automakers after 2020.
(Reuters) – The S&P 500 opened little changed on Thursday after four days of gains, with a poor financial report from J.M. Smucker pulling down packaged food makers and countering a boost for technology firms from the lifting of a ban on China’s ZTE Corp.
(Reuters) – U.S. Commerce Secretary Wilbur Ross said on Thursday that Washington has reached a deal with ZTE Corp that would reverse a ban on buying parts from U.S. suppliers, allowing China’s No. 2 telecommunications equipment maker to get back into business.
PARIS (Reuters) – France’s biggest banks BNP Paribas and Societe Generale have appointed to senior posts former graduate school contemporaries of President Emmanuel Macron, suggesting the institutions want to keep close ties with the political establishment.
NEW YORK (Reuters) – A chief executive for the healthcare venture being set up by Berkshire Hathaway Inc , Amazon.com Inc and JPMorgan Chase & Co. is likely to be named within the next two weeks, billionaire investor Warren Buffett said in an interview aired Thursday on CNBC.
WASHINGTON (Reuters) – The number of Americans filing for unemployment benefits unexpectedly fell last week, pointing to a further tightening in labor market conditions.
Copyright 1997-2019 Wall Street Reporter / Octagon Media Corp.
