Ford may stop production of its bestselling and highly profitable F-150 pickup truck at two factories after a supplier fire. Fortunately for Ford, General Motors doesn’t yet have new pickups in the US markets, and Fiat Chrysler is just launching its F-150 competitor. Ford should recoup sales later this year, unless the shutdowns are prolonged. …read more […]
(Reuters) – Wall Street opened higher on Wednesday, with shares of energy companies getting a boost from surging oil prices after President Donald Trump decided to pull the United States out of a nuclear deal with Iran.
A senior Israeli Cabinet minister says President Donald Trump’s decision to withdraw from the Iran nuclear agreement will force the Islamic Republic to abandon its pursuit of a bomb for good. The Israeli government has staunchly opposed the 2015 nuclear deal and warmly congratulated Trump on his decision. …read more […]
HONG KONG (Reuters) – ZTE Corp’s main business operations have ceased due to a ban imposed by the U.S. government, but the Chinese firm is trying to have the ban modified or reversed, it said in exchange filings late on Wednesday.
(Reuters) – Wall Street was set to open higher on Wednesday, with shares of energy companies getting a boost from surging oil prices after President Donald Trump decided to pull the United States out of a nuclear deal with Iran.
WASHINGTON (Reuters) – U.S. producer prices barely rose in April after strong gains in the first quarter, held down by a moderation in the cost of both goods and services, which could ease fears that inflation pressures were rapidly building up.
Ford Motor Co’s imported vehicles are being held up at Chinese ports, three people with knowledge of the matter told Reuters, underscoring how U.S. goods are facing increased customs scrutiny in China amid a tense trade standoff. …read more […]
HONG KONG (Reuters) – ZTE Corp’s main business operations have ceased due to a ban imposed by the U.S. government, but the Chinese firm is trying to have the ban modified or reversed, it said in exchange filings late on Wednesday.
LONDON (Reuters) – Crude oil prices hit 3-1/2-year highs on Wednesday after President Donald Trump pulled the United States out of an international nuclear deal with Iran, while the dollar touched a new high for the year and world stocks held steady.
LONDON (Reuters) – Vodafone has agreed to pay $21.8 billion to buy Liberty Global’s assets in Germany and eastern Europe to take the fight to rivals with a broader range of superfast cable TV, broadband and mobile services.
LONDON (Reuters) – Lloyd’s of London [SOLYD.UL] said on Wednesday it would direct underwriters to terminate all insurance offered, marketed, endorsed or otherwise made available through the National Rifle Association of America.
(Reuters) – Twenty-First Century Fox Inc said on Wednesday it agreed to buy seven television stations from Sinclair Broadcast Group Inc for about $910 million.
The Latham, New York-based company said it had a loss of 9 cents per share. The alternative energy company posted revenue of $27.2 million in the period. For the current quarter ending in July, Plug Power … …read more […]
MUMBAI/NEW YORK (Reuters) – Walmart Inc has agreed to pay $16 billion for a roughly 77 percent stake in Indian online shopping site Flipkart, the U.S. retailer’s biggest foreign investment as it battles rival Amazon.com Inc in one of the world’s biggest emerging markets.
TOKYO (Reuters) – Japan’s SoftBank Group Corp said on Wednesday it plans to transfer its stakes in ride-sharing firms to the SoftBank Vision Fund, a move which if approved would make the fund one of the world’s biggest investors in the fast-changing industry.
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