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Canada to offer aid to steel, aluminum industries: source

June 28, 2018 by  
Filed under News

OTTAWA (Reuters) – Canada will offer an aid package worth between C$500 million ($376.90 million) and C$800 million to help steel and aluminum industries and workers who have been hit by U.S. tariffs, a source familiar with the matter said on Thursday.


Source: Reuters Business News

Fox shareholder urges Murdoch to give Comcast time to beat Disney bid

June 28, 2018 by  
Filed under News

(Reuters) – TCI Fund Management Ltd, a large Twenty-First Century Fox Inc shareholder, has urged Fox executive chairman Rupert Murdoch to give Comcast Corp a chance to top Walt Disney Co’s $71 billion offer to buy most of Fox’s assets, according to a letter reviewed by Reuters.


Source: Reuters Business News

U.S. fines CVS for failing to report opioid theft in New York

June 28, 2018 by  
Filed under News

NEW YORK (Reuters) – CVS Health Corp agreed to pay a $1.5 million civil fine to resolve U.S. charges that some of its pharmacies in Nassau and Suffolk counties in New York failed to report in a timely manner the loss or theft of prescription drugs, including the opioid hydrocodone.


Source: Reuters Business News

Twitter, Facebook launch tools to track advertising

June 28, 2018 by  
Filed under News

(Reuters) – Twitter Inc on Thursday made it easier for users to identify political campaign ads and know who paid for them, as social media platforms faced the threat of U.S. regulation over the lack of disclosure on such spending.


Source: Reuters Business News

UK takeover panel to review impact of Disney bid for Fox on Sky

June 28, 2018 by  
Filed under News

LONDON (Reuters) – Britain’s takeover regulator is considering whether Walt Disney might have to make a higher offer for Sky in the wake of the U.S. company’s move to hike its bid for Twenty-First Century Fox assets to $71.3 billion.


Source: Reuters Business News

Trump to use U.S. security review panel to curb China tech investments

June 27, 2018 by  
Filed under News

WASHINGTON (Reuters) – U.S. President Donald Trump said on Wednesday he will use a strengthened national security review process to thwart Chinese acquisitions of sensitive American technologies, a softer approach than imposing China-specific investment restrictions.


Source: Reuters Business News

Automakers warn U.S. tariffs will cost hundreds of thousands of jobs, hike prices

June 27, 2018 by  
Filed under 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.


Source: Reuters Business News

Apple, Samsung settle U.S. patent dispute

June 27, 2018 by  
Filed under News

(Reuters) – Apple Inc and Samsung Electronics Co Ltd on Wednesday settled a years long patent dispute, according to a filing the U.S. District Court for the Northern District of California. The terms of the settlement were not disclosed in the court filing.


Source: Reuters Business News

Wall Street rally fizzles as tech stocks drag

June 27, 2018 by  
Filed under News

(Reuters) – A mini rally in U.S. stocks, sparked by a U.S. move to ease its stance on curbing Chinese investments in American technologies, ran out of steam in afternoon trading on Wednesday, but a jump in oil prices helped prop markets.


Source: Reuters Business News

Boeing's engine proposal deadline looms for new mid-market jet: report

June 27, 2018 by  
Filed under News

SEATTLE (Reuters) – Three of the largest engine makers face a Wednesday deadline to provide Boeing Co with formal proposals for how they would power the planemaker’s possible new mid-market jet, an aviation magazine reported.


Source: Reuters Business News

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