Business News
S&P, Dow turn negative after Trump threatens government shutdown12/11/2018 9:06:25 PM The S&P 500 and the Dow Jones Industrial Average gave up all gains on Tuesday, reversing from a strong start on the back of progress in U.S.-China trade talks, as President Donald Trump threatened to shut down the federal government over funding for a wall along the U.S.-Mexico border.EU says Vodafone, Liberty Global deal may hurt competition12/11/2018 9:01:01 PM Vodafone's $21.8 billion purchase of Liberty Global's assets in Germany and east Europe may hit competition in Germany and the Czech Republic, EU antitrust regulators said on Tuesday, as they opened a full-scale probe into the deal.Morrisons shares rise on takeover chatter12/11/2018 8:51:02 PM WM Morrisons shares jumped on Tuesday as traders cited market rumors that the UK supermarket chain could be subject to a takeover approach by U.S. online retail giant Amazon.com Inc .Google CEO: 'no plans' to launch Chinese search engine12/11/2018 8:32:48 PM Google Chief Executive Sundar Pichai told a U.S. congressional panel on Tuesday that the Alphabet Inc unit currently has "no plans" to launch a search engine in China but did not rule out a future launch.Stocks gain on possible thaw in trade spat; oil climbs12/11/2018 8:31:11 PM A gauge of global stock markets climbed on Tuesday as signs of a thaw in the U.S.-China trade battle helped investors overlook heightened uncertainty over Brexit and French protests, while oil prices rebounded from a selloff a day earlier.Defunct startup Sidecar sues Uber: 'hell-bent on stifling competition'12/11/2018 8:24:10 PM Defunct startup Sidecar Technologies Inc, which pioneered on-demand ride-hailing, is suing Uber Technologies Inc, alleging it engaged in predatory pricing and anticompetitive practices that ultimately put Sidecar out of business.Canadian said to be detained in China, Huawei CFO due back in court12/11/2018 8:21:52 PM A former Canadian diplomat has been detained in China, two sources said on Tuesday, just hours before a top executive at Chinese telecoms giant Huawei Technologies [HWT.UL] is set to return to a Vancouver courtroom for a bail hearing that has angered Beijing.China court bans sales of older iPhone models in Apple-Qualcomm global battle12/11/2018 8:20:44 PM A Chinese court has ordered a sales ban of some older Apple Inc iPhone models in China for violating two patents of chipmaker Qualcomm Inc, though intellectual property lawyers said enforcement of the ban was likely still a distant threat.China's Huawei fights U.S. spying allegations on crucial European front12/11/2018 8:09:12 PM Even before the arrest of its CFO last week, pressure from the United States had forced China's Huawei [HWT.UL] onto the back foot in markets from London to Tokyo.Boeing's 737 deliveries rise in November12/11/2018 7:42:15 PM Boeing Co delivered 61 of its best-selling 737 single-aisle aircraft in November, up from 50 a year earlier, suggesting that the planemaker may be finally moving past supplier problems that have dented production.Dell gets shareholder approval for VMware deal12/11/2018 7:33:02 PM Dell Technologies Inc said on Tuesday it has received shareholder approval for its earlier announced deal to buy back shares tied to its interest in software maker VMware , paving the way for it to return to the market.Verizon takes billions in charges for Oath, voluntary buyouts12/11/2018 7:28:55 PM Verizon Communications Inc said Tuesday it will take a $4.6 billion charge related to its Oath media assets - Yahoo and AOL - and a severance charge of up to $2.1 billion for voluntary buyouts, in the fourth quarter.Uber's dominant size may rob smaller Lyft of its IPO oxygen12/11/2018 7:19:29 PM Uber Technologies Inc [UBER.UL] and smaller rival Lyft are driving side-by-side on the road to a stock market debut, and that may not bode well for Lyft as investors decide where to place their bets in the ride-hailing sector.Court rejects Nissan ex-chairman Ghosn's appeal to end detention12/11/2018 5:52:27 PM A Tokyo court on Tuesday rejected ousted Nissan Motor chairman Carlos Ghosn's appeal to end his detention following his arrest last month on allegations of financial misconduct.Automakers rise on report of China moving to cut U.S. car tariffs12/11/2018 5:02:20 PM Automakers' shares rose on Tuesday following a report that China could move to cut tariffs on American-made cars, a step which was forecast by U.S. President Donald Trump after a meeting with China's president in Argentina.Ford in talks with German workers about potential Saarlouis job cuts12/11/2018 4:27:46 PM (Corrects December 10th story to show no formal decision has been made about discontinuing production of the Ford C-Max in paragraphs 1 and 3)Exclusive: Hyundai Motor's two R&D vice chairmen offer to resign - sources12/11/2018 3:30:02 PM Hyundai Motor Group's two vice chairmen in charge of research and development (R&D) have offered to resign, three people familiar with the matter told Reuters on Tuesday.Daimler to buy $23 billion of battery cells for electric car drive12/11/2018 1:47:51 PM Daimler will buy battery cells worth more than 20 billion euros ($23 billion) by 2030 as it readies mass production of hybrid and electric vehicles, the maker of Mercedes-Benz cars said on Tuesday.Vivendi seeks shareholders meeting to change Telecom Italia board12/11/2018 11:36:11 AM Vivendi is calling for a shareholders meeting to change the board at Telecom Italia including five members proposed by activist fund Elliott, the French media conglomerate said on Tuesday.Hyundai readies Palisade large SUV in another shot at U.S. market12/11/2018 11:08:11 AM Hyundai Motor Co on Tuesday began South Korean sales of its Palisade large sport utility vehicle (SUV), a model it hopes will spearhead a sales recovery in the United States when launched in its major overseas market next year.