Business & Finance News
WASHINGTON (Reuters) – Two major auto trade groups on Wednesday warned the Trump administration that imposing up to 25 percent tariffs on imported vehicles would cost hundreds of thousands of auto jobs, dramatically hike prices on vehicles and threaten industry spending on self-driving cars.
(Reuters) – U.S. stock index futures rose on Wednesday, reversing course from sharp losses earlier, after the Trump administration said it would use a strengthened security review process to deal with threats from Chinese investments in domestic technologies, instead of imposing China-specific restrictions.
WASHINGTON (Reuters) – New orders for key U.S.-made capital goods and shipments unexpectedly fell in May, but data for the prior month was revised higher, suggesting moderate growth in business spending on equipment in the second quarter.
WASHINGTON, (Reuters) – New orders for key U.S.-made capital goods and shipments unexpectedly fell in May, but data for the prior month was revised higher, suggesting moderate growth in business spending on equipment in the second quarter.
(Reuters) – U.S. stock index futures were nearly flat on Wednesday, pulling back from sharp losses earlier, after the Trump administration softened its stance on restricting foreign investments.
WASHINGTON (Reuters) – The Trump administration will stick to a strengthened security review process to deal with threats from Chinese investments to acquire U.S. technologies instead of imposing China-specific restrictions, senior administration officials said on Wednesday.
(Reuters) – Conagra Brands Inc said on Wednesday it would buy Pinnacle Foods Inc for about $8.1 billion in cash and stock, creating a frozen food powerhouse with brands such as Birds Eye, Healthy Choice and Marie Callender’s.
(Reuters) – Cheerios cereal maker General Mills Inc on Wednesday reported a quarterly profit that topped analysts’ estimates, as its efforts to reduce costs and improve distribution network paid off.
(Reuters) – U.S. stock index futures slid on Wednesday on concerns that a worsening U.S.-China trade relationship could disrupt businesses and hurt corporate profits.
HONG KONG (Reuters) – The rapidly deteriorating trade and investment relationship between Washington and Beijing is sending a further chill through Chinese dealmakers who have already seen the number of Chinese acquisitions of American assets take a big hit.
(Reuters) – Cheerios cereal maker General Mills Inc on Wednesday reported a 13 percent drop in quarterly profit due to higher input and freight costs.
(Reuters) – Fujifilm Holdings Corp on Wednesday threatened to compete against Xerox Corp in Asia-Pacific and challenge it in America and Europe if it failed to renew its technology agreement in 2021.
LONDON (Reuters) – A 2 percent slide in Chinese equities on Wednesday and a fresh weakening in the yuan highlighted mounting stress on the world’s number two economy from trade tensions with the United States, while global stocks slipped to approach two-month lows.
LONDON (Reuters) – Oil prices rose on Wednesday on a supply disruption in Canada, falling U.S. crude stocks, uncertainty over Libyan exports and after U.S. officials told importers to stop buying Iranian crude from November.
SINGAPORE (Reuters) – Oil prices rose on Wednesday as a supply disruption in Canada tightened the market and after U.S. officials told importers to stop buying Iranian crude from November.
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