Chinese antitrust regulator approves Boeing-Embraer deal
A Chinese antitrust regulator has approved Boeing Co’s deal to buy a controlling stake in the commercial jet division of Brazilian planemaker Embraer , according to a statement on the regulator’s website.
Wall Street ends slightly lower; investors stay to sidelines
U.S. stock indexes dipped slightly on Thursday as investors moved to the sidelines with mixed messages and no concrete signs of progress on U.S.-China relations.
Facebook agrees to provide additional documents in California AG data privacy probe
Facebook Inc has agreed to turn over additional documents after the California state attorney general’s office went to court this month to compel the social media firm to comply with requests for information in its privacy investigation.
GM’s electric pickup to hit dealer showrooms in fall 2021: CEO
General Motors Co’s first electric pickup truck model will go on sale in the fall of 2021, the company’s top executive said, around the same time that electric carmaker Tesla Inc’s own model is expected to debut.
Pelosi says progress was made on USMCA in meeting with Lighthizer
U.S. House Speaker Nancy Pelosi said on Thursday that progress was made on the U.S.-Mexico-Canada trade pact in a meeting she held with U.S. Trade Representative Robert Lighthizer and Richard Neal, the chairman of the House Ways and Means Committee.
U.S House Democrats see progress on USMCA, passage still possible this year
U.S. House Democrats said they ironed out some differences with the Trump administration on Thursday about a trade agreement with Canada and Mexico, and that Congress could still vote on the deal – one of President Donald Trump’s top priorities – this …
U.S. senators urge Trump administration to halt Huawei license approvals
A bipartisan group of 15 U.S. senators urged the Commerce Department to suspend issuing licenses to U.S. firms that conduct business with China’s Huawei Technologies Co, saying it could threaten U.S. security.
Exclusive: Unilever, Henkel and buyout funds eye bids for Coty’s $7 billion beauty brands – sources
Consumer goods giants Unilever and Henkel and buyout funds including Advent and Cinven are exploring bids for some of Coty’s top beauty brands in a deal worth up to $7 billion, three sources told Reuters.
Global stocks slip, dollar rebounds on rekindled trade hopes
The dollar rebounded and global equity markets pared losses on Thursday as efforts by China to smooth the path forward in U.S.-Sino trade talks helped sooth investor sentiment, though fears remained that a phase one deal might not occur until next year…
Macy’s cuts profit outlook as tourist numbers drop
Macy’s Inc cut its annual profit forecast for the second time this year on Thursday, as the department store operator blamed weak international tourism, warm weather and sluggish mall traffic for the first drop in same-store sales in two years.
