USTR plans no grace period for product in transit when EU tariffs take effect: cheese importers
The U.S. Trade Representative’s office has told industry it will not offer a grace period for goods that are still in transit when new tariffs on European Union imports take effect Oct. 18, the Cheese Importers Association of America said on Thursday.
Tesla drops 6% as quarterly deliveries underwhelm Wall Street
Tesla’s stock dropped 6% on Thursday after the electric car maker’s quarterly deliveries underwhelmed investors already concerned about slowing revenue growth and ongoing losses.
Corona maker Constellation hit by pot investment loss; shares drop
Constellation Brands Inc racked up millions of dollars in losses from its investment in Canadian pot company Canopy Growth, pushing the maker of Corona and Modelo beers into a quarterly loss and sending its shares down as much as 8%.
Some LSE investors call on Hong Kong exchange to up bid by 20%, add cash
Some London Stock Exchange investors have told Hong Kong Exchanges and Clearing (HKEX) that any bid must contain more cash and be up to 20% higher to persuade them to engage, three shareholders and a banking source close to the deal said.
Apple chief says against ceiling on hiring of qualified migrants
Apple’s chief executive Tim Cook said on Thursday he was a “supporter” of immigration and was against any ceiling on the hiring of qualified migrants.
Facebook’s Instagram launches Snapchat-like ‘Threads’ app
Facebook Inc said on Thursday it was launching a separate camera-first messaging app, “Threads”, for its photo-sharing platform Instagram, stepping up the company’s social media war with smaller rival Snapchat.
U.S. duties on French wine are bad news for all, exporters say
The U.S. decision to impose tariffs on French wines will penalize American consumers who will see a sharp rise in prices while severely hurting French producers on their largest export market, exporters said on Thursday.
U.S. seeks e-cigarette companies’ data on advertising, sales
The U.S. Federal Trade Commission has ordered a half-dozen e-cigarette companies to turn over sales and advertising data, the federal regulator said on Thursday, in the first sign of a likely probe into marketing practices by the companies.
China is dumping wooden cabinet imports in U.S.: Commerce Department
The U.S. Commerce Department said in preliminary determination on Thursday that China was dumping wooden cabinets in the United States at margins ranging from 4.5% to 262.2%.
UAW cites ‘significant progress’ in Ford talks as GM strike continues
The United Auto Workers union said on Thursday it has made “significant progress” in contract talks with Ford Motor Co , even as a strike at General Motors Co is in its third week.
