Business & Finance News
BEIJING (Reuters) – Toyota Motor Corp is taking an unprecedented route to meet China’s stringent green car quotas: its showrooms will sell an electric vehicle without the Japanese company’s distinctive triple-oval logo.
WASHINGTON (Reuters) – China is offering U.S. President Donald Trump a package of trade concessions and increased purchases of American goods aimed at cutting the U.S. trade deficit with China by up to $200 billion a year, U.S. officials familiar with the proposal said.
LOS ANGELES (Reuters) – Billionaire entrepreneur Elon Musk is bringing his technology charm offensive to an attempt at digging a tunnel beneath part of Los Angeles to test designs for a high-speed subterranean transportation network he envisions for the city.
TOKYO (Reuters) – Asian stocks edged up on Friday as investors kept a cautious watch on developments in U.S.-China trade negotiations, while the dollar was perched near a five-month peak against a basket of currencies thanks to the benchmark U.S. Treasury yield topping a seven-year high.
WASHINGTON (Reuters) – China has offered U.S. President Donald Trump a package of proposed purchases of American goods and other measures aimed at reducing the U.S. trade deficit with China by some $200 billion a year, U.S. officials familiar with the proposal said.
(Reuters) – CBS Corp’s board on Thursday approved a special dividend that would cut controlling shareholder Shari Redstone’s stake in the U.S. media company to about 20 percent, a move that requires approval by a Delaware court.
NEW YORK (Reuters) – David Tepper’s Appaloosa Management and two of his funds received Federal Trade Commission clearance earlier this week that could clear the way for the billionaire to become an activist investor in drugmaker Allergan Plc.
NEW YORK (Reuters) – Brookfield Property Partners is in talks to acquire a stake in a Manhattan office tower majority-owned by a company that was previously run by Jared Kushner, son-in-law of U.S. President Donald Trump, a source familiar with a potential deal said on Thursday.
NEW YORK (Reuters) – United Airlines’ chief financial officer, Andrew Levy, has stepped down, the carrier said on Thursday, a major management shakeup at a time when the airline’s financial performance has been lagging rivals.
(Reuters) – Billionaire investor Carl Icahn disclosed a 9.38 pct stake in insurer AmTrust Financial Services Inc on Thursday.
NEW YORK (Reuters) – Wall Street ended a choppy trading session lower on Thursday, as investors grappled with escalating trade tensions and rising oil prices.
(Reuters) – A judge sided on Thursday with Shari Redstone in her battle to retain control over CBS Corp and dealt a setback to the U.S. media company’s plans to strip her voting power.
NEW YORK (Reuters) – U.S. companies could plow more of the money saved from sweeping tax cuts into business investment later this year, perhaps even surpassing a jump in first-quarter capital expenditure that was the highest in almost seven years, strategists and analysts said.
NEW YORK (Reuters) – Worries about rising oil prices have begun to creep into U.S. retailers’ earnings calls, and investors are raising concerns that those costs may slow discretionary spending among Americans and push down the performance of the retailers’ shares.
STOCKHOLM (Reuters) – Inter IKEA, owner of the IKEA Concept and the worldwide IKEA franchisor, said on Thursday it had signed an memorandum of understanding with S.A.C.I. Falabella to grant franchise rights for IKEA stores in Peru, Chile and Colombia, the first IKEA stores in South America.
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