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Supreme Court lets states force online retailers to collect sales tax

June 21, 2018 by  
Filed under News

WASHINGTON (Reuters) – States may force online retailers to collect potentially billions of dollars in sales taxes, the U.S. Supreme Court said in a major ruling on Thursday that undercut an advantage many e-commerce companies have enjoyed over brick-and-mortar rivals.


Source: Reuters Business News

Intel CEO resigns after probe of relationship with employee

June 21, 2018 by  
Filed under News

(Reuters) – Intel Corp Chief Executive Brian Krzanich resigned on Thursday after a probe found a consensual relationship with an employee violated company policy.


Source: Reuters Business News

AT&T to launch wireless plans bundled with video after Time Warner win

June 21, 2018 by  
Filed under News

(Reuters) – AT&T Inc will launch two new unlimited wireless plans next week that will be bundled with a new video streaming service called WatchTV, in the company’s first move to pair entertainment with phone service after closing its $85 billion acquisition of media company Time Warner Inc.


Source: Reuters Business News

Wall Street falls as drops in Amazon, Intel add to trade jitters

June 21, 2018 by  
Filed under News

(Reuters) – U.S. stocks slipped on Thursday as oil prices slid, industrials dropped on worries over U.S.-China trade spat and Amazon led a decline in online retailers after the Supreme Court let states force the companies to collect sales tax.


Source: Reuters Business News

Exclusive: Canada could make it harder for U.S. to win fighter bid – sources

June 21, 2018 by  
Filed under News

OTTAWA (Reuters) – Canada is discussing changes to a multibillion-dollar fighter jet procurement process that could make it harder for a U.S. company to win the order as trade relations between the neighbors sour, two sources with direct knowledge of the discussions said.


Source: Reuters Business News

What trade war? FAANGs scale new highs

June 20, 2018 by  
Filed under News

(Reuters) – Four of the five so-called FAANG stocks – Facebook, Alphabet, Amazon and Netflix – surged to all-time highs on Wednesday, with only Apple spoiling a perfect scorecard.


Source: Reuters Business News

U.S. court revives Dr Pepper challenge to Coca-Cola 'zero' drinks

June 20, 2018 by  
Filed under News

(Reuters) – A U.S. appeals court on Wednesday revived Dr Pepper Snapple Group Inc’s challenge to Coca-Cola Co’s effort to register trademarks for soft drinks and sports drinks whose names contain the word “zero.”


Source: Reuters Business News

U.S. lawmakers want Google to reconsider links to China's Huawei

June 20, 2018 by  
Filed under News

WASHINGTON (Reuters) – A group of Republican and Democratic U.S. lawmakers asked Alphabet Inc’s Google on Wednesday to reconsider its work with Chinese telecommunications firm Huawei Technologies Co Ltd [HWT.UL], which they described as a security threat.


Source: Reuters Business News

Disney hikes bid for Fox assets to $71.3 billion, tops Comcast

June 20, 2018 by  
Filed under News

(Reuters) – Walt Disney Co raised its bid for the bulk of Twenty-First Century Fox Inc’s film and television assets to $71.3 billion on Wednesday, sweetening its deal with cash as it looks to upend Comcast Corp’s $65 billion offer.


Source: Reuters Business News

Media stocks, techs boost S&P; Nasdaq hits record high

June 20, 2018 by  
Filed under News

(Reuters) – A jump in technology and media stocks lifted the S&P 500 on Wednesday and pushed the Nasdaq to a record high, but the Dow remained under pressure from an escalation in the U.S.-China trade spat that has slammed global markets.


Source: Reuters Business News

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