GE to cede majority control of Baker Hughes in $2.7 billion share sale
General Electric Co on Wednesday said it plans to reduce its ownership in oil and gas company Baker Hughes A GE Co to 38.4% from 50.4% at June-end, and aims to raise $2.7 billion in the process.
Trump rules out for now cutting capital-gains taxes
U.S. President Donald Trump has ruled out for now slashing taxes on capital gains after a meeting with his advisers, a White House spokesman said on Wednesday.
Asian stocks rise on hopes for U.S.-China trade, monetary stimulus
Asian stocks rose on Thursday on hopes for a thaw in U.S.-China trade frictions and expectations that the European Central Bank will kick off another wave of monetary easing by global central banks.
U.S., China grant trade concessions ahead of fresh talks
U.S. President Donald Trump on Wednesday welcomed China’s decision to exempt some U.S. anti-cancer drugs and other goods from its tariffs and announced a delay to scheduled tariff hikes on billions worth of Chinese goods.
U.S. judge approves novel framework for opioid settlement talks
A federal judge on Wednesday approved the substance of a proposal by lawyers representing cities and counties suing drug companies over the U.S. opioid epidemic that would bring every state and municipality in the country into their settlement talks.
Trump: U.S. agrees to delay tariff hike on some Chinese goods by two weeks
U.S. President Donald Trump said on Wednesday the United States has agreed to delay increasing tariffs on $250 billion worth of Chinese imports from Oct. 1 to Oct. 15 “as a gesture of good will.”
Top U.S. trade official submits USMCA ideas to Democrats: lawmakers
The Trump administration on Wednesday sent U.S. House of Representatives Democrats its latest proposals for addressing legislators’ concerns about the new U.S.-Mexico-Canada trade deal, lawmakers and congressional sources said.
Harley Davidson to lay off 40 employees in Wisconsin
Harley-Davidson Inc has laid off 40 employees at its general merchandise division in Milwaukee as part of a restructuring exercise, according to a company official with knowledge of the matter.
Oracle CEO Mark Hurd takes medical leave; first-quarter revenue misses
Oracle Corp said on Wednesday Chief Executive Officer Mark Hurd would be taking a medical leave, and the business software maker posted first-quarter revenue that missed Wall Street expectations.
AT&T sees weakness in wireless gear unit weighing on third-quarter revenue
AT&T Inc said on Wednesday weakness in its wireless equipment unit could weigh on its third-quarter revenue.
