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Exclusive: T-Mobile, Sprint see Huawei shun clinching U.S. deal – sources

December 15, 2018 by  
Filed under News

(This story corrects paragraph 8 to show Wanzhou was arrested in Canada, not China)


Source: Reuters Business News

Wall St. looks to Fed outlook Wednesday for early Christmas gift

December 15, 2018 by  
Filed under News

Investors 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.


Source: Reuters Business News

Boeing opens first 737 plant in China amid U.S.-Sino trade war

December 15, 2018 by  
Filed under News

Boeing 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.


Source: Reuters Business News

China should free Canadians held after Huawei arrest, U.S.'s Pompeo says

December 14, 2018 by  
Filed under News

U.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.


Source: Reuters Business News

Tesla cuts China prices after tariff drop on U.S.-made cars

December 14, 2018 by  
Filed under News

Tesla Inc has cut prices on its Model S and Model X vehicles in China after Beijing suspended additional tariffs on U.S.-made cars.


Source: Reuters Business News

LVMH splashes out on luxury hotels with $3.2 billion Belmond deal

December 14, 2018 by  
Filed under News

Luxury goods maker LVMH has agreed to buy Belmond , the owner of hotels including Venice’s landmark Cipriani, for a total of $3.2 billion to raise its profile in upmarket hospitality.


Source: Reuters Business News

Exclusive: Nissan probe into Ghosn trains lens on 'CEO Reserve' fund, Dutch unit

December 14, 2018 by  
Filed under News

Nissan 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.


Source: Reuters Business News

J&J shares nosedive on report company knew of asbestos in baby powder

December 14, 2018 by  
Filed under News

Shares 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.


Source: Reuters Business News

Canada says it agrees with U.S. on need to keep politics out of Huawei case

December 14, 2018 by  
Filed under News

Canada 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.


Source: Reuters Business News

Global growth worries, J&J's tumble drag Wall St. lower

December 14, 2018 by  
Filed under News

U.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.


Source: Reuters Business News

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