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- Reurers-Business 10:34December 15, 2018Boeing opens first 737 plant in China amid U.S.-Sino trade warBoeing Co opened its first 737 completion plant in China on Saturday, a strategic investment aimed at building a sales lead over arch-rival Airbus in one of the world's top travel markets that has been overshadowed by the U.S-China trade war.
< businessNews > - Reurers-Business 06:35December 15, 2018China should free Canadians held after Huawei arrest, U.S.'s Pompeo saysU.S. Secretary of State Mike Pompeo said on Friday China should free two Canadian citizens who were detained this week after authorities in Canada arrested a senior Chinese technology executive on a U.S. extradition warrant.
< businessNews > - Reurers-Business 04:31December 15, 2018California regulator opens case against PG&E for falsifying pipeline safety recordsThe California Public Utilities Commission has opened a proceeding to consider penalties against Pacific Gas and Electric Company, ordering immediate action against the utility for falsifying safety documents for natural gas pipelines, the regulator said in a statement on Friday.
< businessNews > - Reurers-Business 03:31December 15, 2018CVS defends settlement that allowed Aetna merger as judge assessesCVS Health Corp defended on Friday an agreement with the U.S. Justice Department which allowed it to purchase health insurer Aetna for $69 billion, a settlement that a federal judge is still assessing.
< businessNews > - Reurers-Business 03:25December 15, 2018Exclusive: T-Mobile, Sprint see Huawei shun clinching U.S. deal - sourcesT-Mobile US Inc and Sprint Corp believe their foreign owners' offer to stop using Huawei Technologies equipment will help with the United States clearing their $26 billion merger deal, sources said, underscoring the lengths to which Washington has gone to shut out the Chinese company.
< businessNews > - Reurers-Business 02:16December 15, 2018Wall St. looks to Fed outlook Wednesday for early Christmas giftInvestors are eager for a touch of Christmas cheer from the U.S. Federal Reserve next week, hoping for signs the central bank may ease up on interest rate hikes next year and spark a Santa Claus rally.
< businessNews > - Reurers-Business 02:15December 15, 2018U.S. sets new March 2 date for China tariff increases amid talksThe U.S. Trade Representative's office on Friday officially changed the scheduled date of a tariff rate increase on $200 billion worth of Chinese goods to 12:01 a.m. EST (0501 GMT) on March 2, 2019 as the United States and China pursue talks on trade and intellectual property.
< businessNews > - Reurers-Business 02:04December 15, 2018Anti-harassment groups share $20 million CBS handout after Moonves exitCBS Corp on Friday named the Time's Up anti-sexual harassment group and 17 other organizations that will share a $20 million donation stemming from the exit of its chief executive Les Moonves following allegations of sexual misconduct.
< businessNews > - Reurers-Business 01:38December 15, 2018Intel, TPG in early talks to sell McAfee to Thoma Bravo: sourcePrivate equity firm Thoma Bravo LLC is in early talks to buy security software company McAfee from TPG Capital and Intel Corp, a source familiar with the matter said on Friday.
< businessNews > - Reurers-Business 01:33December 15, 2018Small-cap S&P 600 index confirms bear marketAs U.S. stocks have been rocked by trade tensions and monetary policy worries, shares of small-cap companies, by one measure, have now confirmed that they are in their first bear market in three years.
< businessNews > - Reurers-Business 00:54December 15, 2018Wall St. tumbles on global growth worries, J&J declineWall Street's three major indexes tumbled on Friday and the Dow confirmed a correction as weak data from China and Europe stoked fears of a global economic slowdown, while Johnson & Johnson shares were the biggest drag after Reuters reported the company knew for decades that its Baby Powder contained asbestos.
< businessNews > - Reurers-Business 00:11December 15, 2018Wall St. tumbles on global economic worries; J&J drags S&P, DowWall Street's three major indexes slumped on Friday as weak data from China and Europe stoked fears of a global economic slowdown, while Johnson & Johnson was a major drag on the S&P 500 and Dow after Reuters reported the company had known knew for decades that asbestos lurked in its Baby Powder.
< businessNews > - Reurers-Business 00:03December 15, 2018Intel, TPG in talks to sell McAfee to Thoma Bravo for over $4.2 billion: CNBCPrivate equity firm Thoma Bravo LLC is in early talks to buy security software company McAfee from TPG Capital and Intel Corp for more than $4.2 billion, CNBC reported on Friday, citing people familiar with the matter.
< businessNews > - Reurers-Business 23:19December 14, 2018PG&E seeks 6.4 percent rate hike in 2020(This Dec. 13 story corrects the rate-hike percentage to 6.4 from 12 in the headline and the first paragraph)
< businessNews > - Reurers-Business 22:56December 14, 2018Exclusive: T-Mobile, Sprint see U.S. security approval for deal after Huawei concessions-sourcesT-Mobile US Inc and Sprint Corp expect their merger to be approved by a U.S. national security panel as early as next week, after their respective parent companies said they would consider curbing their use of equipment from China's Huawei Technologies, people familiar with the matter told Reuters.
< businessNews > - Reurers-Business 22:49December 14, 2018Global growth worry hits stocks, but U.S. data lifts dollarA gauge of global stocks tumbled on Friday after weak economic data from China and Europe intensified global growth worries as investors weighed the broader impact of the trade dispute between the United States and China.
< businessNews > - Reurers-Business 22:40December 14, 2018U.S. says China should free Canadians held after Huawei arrestU.S. Secretary of State Mike Pompeo on Friday said China should free two Canadian citizens who were detained this week after authorities in Canada arrested a senior Chinese technology executive on a U.S. extradition warrant.
< businessNews > - Reurers-Business 22:37December 14, 2018Irish regulator investigates Facebook over private photo glitchAn Irish regulator said on Friday it was investigating Facebook Inc following the company's disclosure that a bug may have exposed private photos of up to 6.8 million users, the latest in a series of Facebook privacy glitches.
< businessNews > - Reurers-Business 22:16December 14, 2018Exclusive: T-Mobile, Sprint parents consider dropping Huawei, see U.S. security clearance for deal - sourcesT-Mobile US Inc and Sprint Corp expect their merger to be approved by a U.S. national security panel as early as next week, after their respective parent companies said they would consider curbing their use of equipment from China's Huawei Technologies [HWT.UL], people familiar with the matter told Reuters.
< businessNews > - Reurers-Business 22:14December 14, 2018Colombia court fines Odebrecht consortium $250 million for graftA Colombian tribunal fined a consortium led by Brazilian construction firm Odebrecht [ODBES.UL] $250 million and banned it from government contracts for 10 years, saying the group used corrupt tactics to win infrastructure contracts.
< businessNews > - Reurers-Business 22:04December 14, 2018Exclusive: T-Mobile, Sprint consider dropping Huawei, see U.S. security clearance for deal - sourcesT-Mobile US Inc and Sprint Corp expect their merger to be approved by a U.S. national security panel as early as next week, after their respective parent companies said they would consider curbing their use of equipment from China's Huawei Technologies [HWT.UL], people familiar with the matter told Reuters.
< businessNews > - Reurers-Business 21:59December 14, 2018J&J shares nosedive on report it knew of asbestos in Baby PowderShares of Johnson & Johnson fell 10 percent on Friday and were on track to post their biggest percentage drop in more than 16 years, after Reuters reported that the pharma major knew for decades that cancer-causing asbestos lurked in its Baby Powder.
< businessNews > - Reurers-Business 21:59December 14, 20182018: The year volatility came home to roostU.S. stocks are down only slightly for 2018, but that masks a volatile year for investors.
< businessNews > - Reurers-Business 21:49December 14, 2018Exclusive: Nissan probe into Ghosn trains lens on 'CEO Reserve' fund, Dutch unitNissan Motor Co Ltd investigators are examining former Chairman Carlos Ghosn's use of an internal 'CEO Reserve' fund and the role of subsidiaries in the Netherlands and other countries as part of a probe into alleged financial misconduct, two people with knowledge of the inquiry told Reuters.
< businessNews > - Reurers-Business 21:42December 14, 2018Canada says it agrees with U.S. on need to keep politics out of Huawei caseCanada and the United States agreed on Friday that politics should be kept out of the process to extradite senior Huawei Technologies Co [HWT.UL] executive Meng Wanzhou, who is being held on a U.S. extradition warrant, Canadian Foreign Minister Chrystia Freeland said.
< businessNews > - Reurers-Business 21:35December 14, 2018Global growth worries, J&J's tumble drag Wall St. lowerU.S. stocks slumped on Friday as weak data from China and Europe stoked fears of a global economic slowdown, while Johnson & Johnson slid after Reuters reported the company knew for decades that asbestos lurked in its Baby Powder.
< businessNews > - Reurers-Business 21:05December 14, 2018Irish regulator probes Facebook after it discloses bugAn Irish regulator said on Friday it had launched an investigation into Facebook Inc after the company disclosed a bug that may have exposed private photos of up to 6.8 million users, the latest in a series of Facebook privacy glitches.
< businessNews > - Reurers-Business 20:53December 14, 2018Facebook's lead EU regulator opens probe into data breachFacebook's lead regulator in the European Union, the Irish Data Protection Commissioner (DPC), on Friday began an investigation into a number of breach notifications received from the social networking site.
< businessNews, DPC > - Reurers-Business 20:34December 14, 2018J&J shares nosedive on report company knew of asbestos in baby powderShares of Johnson & Johnson tumbled 12 percent on Friday and were on track to post their biggest percentage drop in more than 16 years, after Reuters reported that the pharma major knew for decades that cancer-causing asbestos lurked in its Baby Powder.
< businessNews > - Reurers-Business 20:32December 14, 2018Volkswagen says talks on cooperation with Ford progressingVolkswagen's talks with Ford on the two companies cooperating are progressing, though a few details still need to be worked out, the German carmaker said on Friday.
< businessNews > - Reurers-Business 20:19December 14, 2018China to halt added tariffs on U.S.-made cars in easing of trade tensionsChina will temporarily suspend additional 25 percent tariffs on U.S.-made vehicles and auto parts starting Jan. 1, 2019, the finance ministry said on Friday, following a truce in a trade war between the world's two largest economies.
< businessNews > - Reurers-Business 20:13December 14, 2018Air Berlin's administrator sues Etihad for up to 2 billion eurosGerman airline Air Berlin's insolvency administrator is suing Abu Dhabi's Etihad, its former owner, for damages of up 2 billion euros ($2.26 billion), a Berlin court said on Friday.
< businessNews > - Reurers-Business 20:03December 14, 2018Canada slams China detentions; foreign minister to press PompeoCanadian Prime Minister Justin Trudeau on Friday said China's detention of two men from Canada was unacceptable and expressed concern the economy could suffer as bilateral relations deteriorate.
< businessNews > - Reurers-Business 19:59December 14, 2018Wall Street drops on global growth fears; J&J tumbles on Reuters reportU.S. stocks fell on Friday as weak economic data from China and Europe rekindled fears of slowing global growth, with Johnson & Johnson leading the losses after Reuters reported the company knew for decades that asbestos lurked in its Baby Powder.
< businessNews > - Reurers-Business 19:54December 14, 2018Ousted Nissan boss' daughter takes documents, cash from apartmentThe daughter of ousted Nissan chairman Carlos Ghosn early on Friday retrieved documents and cash from a corporate apartment in Rio de Janeiro, capping a legal battle over the items, which the carmaker maintains may contain evidence of wrongdoing.
< businessNews > - Reurers-Business 19:52December 14, 2018N.Y. Fed's U.S. fourth-quarter GDP growth holds near 2.4 percentThe U.S. economy is growing at a 2.42 percent pace in the fourth quarter as stronger-than-expected November data on industrial output offset the steepest drop in import prices in over three years last month, the New York Federal Reserve's Nowcast model showed on Friday.
< businessNews > - Reurers-Business 19:50December 14, 2018New Facebook bug exposed photos of up to 6.8 million usersFacebook Inc said it had fixed a bug that may have exposed private photos of up to 6.8 million users, the latest in a string of glitches that have caused regulators around the world to investigate the social media giant's privacy practices.
< businessNews > - Reurers-Business 19:48December 14, 2018Atlanta Fed raises U.S. fourth-quarter GDP growth view to 3 percentThe U.S. economy is expanding at a 3.0 percent annualized rate in the fourth quarter based on steady retail sales growth and stronger-than-forecast industrial output in November, the Atlanta Federal Reserve's GDPNow forecast model showed on Friday.
< businessNews > - Reurers-Business 19:38December 14, 2018Global growth worry hits stocks, but dollar gains on U.S. dataA gauge of global stocks tumbled on Friday after weak economic data from China and Europe exacerbated worries about global growth as investors considered the broader impact of the trade dispute between the United States and China.
< businessNews > - Reurers-Business 19:34December 14, 2018Trump praises China move on autos, says trade deal could happen soonU.S. President Donald Trump welcomed China's move on Friday to suspend additional tariffs on U.S.-made vehicles, saying it could help push forward a larger trade deal with Beijing.
< businessNews > - Reurers-Business 18:58December 14, 2018Macron calls Ford's decision over Bordeaux plant 'hostile'French President Emmanuel Macron said on Friday that Ford's decision to end production at its plant in Blanquefort, southern France next year was "hostile" and said his government was actively seeking a buyer for the site.
< businessNews > - Reurers-Business 18:55December 14, 2018Deutsche Telekom reviews Huawei ties; Orange says no on 5GHuawei [HWT.UL] faces fresh challenges in Europe after Germany's Deutsche Telekom announced it would review its vendor strategy and Orange said it would not hire the Chinese firm to build its next-generation network in France.
< businessNews > - Reurers-Business 18:42December 14, 2018J&J shares drop on report company knew of asbestos in baby powderShares of Johnson & Johnson fell over 6 percent on Friday, on track to post their biggest percentage drop in more than a decade, after Reuters reported that the pharma major knew that its baby powder was contaminated with cancer-causing asbestos. The decline in shares wiped off about $24 billion from the company's market capitalization and made the stock the biggest drag on the Dow Jones Industrial Average and S&P 500 indexes.
< businessNews > - Reurers-Business 18:34December 14, 2018Facebook discovers bug that may have affected up to 6.8 mln usersFacebook Inc said on Friday it has discovered a bug that may have affected up to 6.8 million people who used Facebook login to grant permission to third-party apps to access photos.
< businessNews > - Reurers-Business 18:33December 14, 2018U.S. consumer spending strengthening in boost to economyU.S. consumer spending gathered momentum in November as households bought furniture, electronics and a range of other goods, which could further allay fears of a significant slowdown in the American economy even as the outlook overseas continued to darken.
< businessNews > - Reurers-Business 18:15December 14, 2018Rising global growth fears pull down Wall StreetU.S. stocks fell 0.8 percent on Friday, as weak economic data from China and Europe exacerbated global growth fears and added to nerves about the U.S.-China trade talks.
< businessNews > - Reurers-Business 18:03December 14, 2018Facebook discovers bug that may have affected up to 6.8 million usersFacebook Inc said on Friday it has discovered a bug that may have affected up to 6.8 million people who used Facebook login to grant permission to third-party apps to access photos.
< businessNews > - Reurers-Business 18:02December 14, 2018U.S. business inventories increase strongly in October- U.S. business inventories rose solidly in October as stocks at retailers increased by the most in more than a year, suggesting inventory investment could contribute to economic growth in the fourth quarter.
< businessNews > - Reurers-Business 18:00December 14, 2018LSE names Experian's Donald Robert as next chairmanLondon Stock Exchange Group Plc said on Friday Chairman Donald Brydon would be replaced by Donald Robert, chairman of the world's biggest credit data firm Experian Plc .
< businessNews > - Reurers-Business 17:36December 14, 2018Wall Street drops at open on growth fearsU.S. stocks opened sharply lower on Friday as weak economic data from China and Europe exacerbated global growth fears and added to nerves over the U.S.-China trade talks.
< businessNews >