Category: Business

(Reuters) – 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. At 12:17 p.m. ET,…

BRUSSELS (Reuters) – Vodafone’s (VOD.L) $21.8 billion purchase of Liberty Global’s (LBTYA.O) 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. The deal, which includes Liberty Global assets in the Czech Republic, Hungary and…

LONDON (Reuters) – WM Morrisons (MRW.L) 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 (AMZN.O). They rose as much as 2.9 percent in midday trade and closed up 1.3 percent, outperforming their UK peers. The…

WASHINGTON (Reuters) – 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. Pichai, who testified before the House of Representatives Judiciary Committee, had told U.S. lawmakers in a…

NEW YORK (Reuters) – 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. A report that China is moving to cut import tariffs on American-made…

SAN FRANCISCO (Reuters) – 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. The lawsuit, filed in U.S. district court in San Francisco on Tuesday morning, claims “Uber became hell-bent on stifling competition from…

VANCOUVER/BEIJING (Reuters) – 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. It was not immediately clear if the cases were…

SAN FRANCISCO/SHANGHAI (Reuters) – 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. The case, brought by Qualcomm, is part of a global patent…

SHANGHAI/HONG KONG (Reuters) – 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. But the detention of Meng Wanzhou in Canada over U.S. allegations she misled banks about Huawei’s control of a firm operating in…

(Reuters) – Boeing Co (BA.N) 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. Total deliveries for the first 11 months of 2018 rose to 704 from 680 in the same period a…