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Apple shares skid on report of iPhone X production cut

January 29, 2018 by  
Filed under News

(Reuters) – Apple Inc will halve its iPhone X production target for the first three months of the year to around 20 million units, Nikkei reported on Monday, sending its shares down 1.6 percent.


Source: Reuters Business News

Hung out to dry twice, Tennessee city stumped by Trump's washer tariffs

January 29, 2018 by  
Filed under News

CLARKSVILLE, Tenn. (Reuters) – When President Donald Trump imposed steep tariffs on imported washing machines last week it was a “Not Again” moment for officials in this north Tennessee city that has lost jobs to an international trade dispute before.


Source: Reuters Business News

Trump security team sees building U.S. 5G network as option

January 29, 2018 by  
Filed under News

WASHINGTON (Reuters) – President Donald Trump’s national security team is looking at options to counter the threat of China spying on U.S. phone calls that include the government building a super-fast 5G wireless network, a senior administration official said on Sunday.


Source: Reuters Business News

Apple leads Wall Street's retreat from record levels

January 29, 2018 by  
Filed under News

(Reuters) – U.S. stocks pulled back sharply on Monday from record levels last week, with the Dow falling more than 100 points, weighed down by Apple after a media report added to concerns about demand for the iPhone X.


Source: Reuters Business News

Panera debuts service to help restaurants 'clean up' their menus

January 29, 2018 by  
Filed under News

(Reuters) – Panera Bread Co, a pioneer in serving “clean” restaurant food, has started a consulting service to help other chains remove artificial preservatives, sweeteners, flavors and colors from menus.


Source: Reuters Business News

Wall Street Weekahead: State of the Union more likely to raise eyebrows than stocks

January 28, 2018 by  
Filed under News

(Reuters) – Anybody hoping for a replay of the stock market advance that followed U.S. President Donald Trump’s first address to Congress may be disappointed. This time around, shares could suffer if Trump does not tread carefully on hot-button issues.


Source: Reuters Business News

Swedish IKEA founder Kamprad dies at 91

January 28, 2018 by  
Filed under News

STOCKHOLM (Reuters) – Billionaire IKEA founder Ingvar Kamprad, who turned a business he launched as a teenager into one of the world’s best known furniture brands, has died at the age of 91, the Swedish company said on Sunday.


Source: Reuters Business News

Saudi corruption purge winds down but scars will linger

January 28, 2018 by  
Filed under News

DUBAI (Reuters) – Saudi Arabia’s stock market celebrated the release of some of the kingdom’s top businessmen from detention on Sunday but the after-effects of a purge of the business elite may last for years, deterring private investment.


Source: Reuters Business News

U.S. farmers have much to lose if NAFTA deal collapses

January 28, 2018 by  
Filed under News

CHICAGO/MONTREAL (Reuters) – A collapse of the North American Free Trade Agreement (NAFTA), which U.S. President Donald Trump has threatened to scrap, could create the most profound disruption for U.S. farmers who produce grains, meats and dairy products sold to Canada and Mexico.


Source: Reuters Business News

U.S. to make streaming services pay more for music

January 27, 2018 by  
Filed under News

(Reuters) – U.S. copyright authorities on Saturday decided to increase over the next five years the royalty payments music streaming companies like Spotify and Apple Inc must make to songwriters and music publishers, a trade association for music publishers said.


Source: Reuters Business News

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