EPA, DOT say California actions on auto emissions appear to be ‘unlawful’
The top lawyers at the Environmental Protection Agency and Transportation Department told the California Air Resources Board Friday that the state’s actions in connection with a voluntary emissions deal with four automakers “appear to be unlawful and i…
Qualcomm-Samsung axis brings 5G to the masses as Huawei struggles
Qualcomm Inc promised on Friday to bring 5G mobile phones to the masses with a high-end modem and said its chips would also power mid-price devices hitting the market next year.
Wall Street ticks higher after jobs data, Chinese stimulus plan
U.S. stocks edged higher on Friday as a new Chinese stimulus plan helped ease some concerns around global growth, while investors digested underwhelming jobs data that rounded off a week of mixed economic signals.
Roche CEO touts drugs pipeline, rules out M&A just to boost sales
Swiss drugmaker Roche sees medicines in its own pipeline driving sales growth over the longer term, Chief Executive Severin Schwan told Reuters on Friday, adding he will not pursue takeovers simply to keep revenue rising.
August jobs report points to slowing economy, Fed rate cut
U.S. job growth slowed more than expected in August, reflecting the U.S. trade war with China and raising expectations for a Federal Reserve rate cut this month.
Risk appetite dampened by lackluster U.S. jobs growth
Wall Street eked out gains on Friday and the dollar lost ground as a weaker-than-expected U.S. jobs report tempered investor sentiment on the heels of China’s announced economic stimulus plan.
Wall Street flat after jobs data, China stimulus plan
U.S. stocks treaded water on Friday as underwhelming jobs data rounded off a week of mixed economic signals about the domestic economy, while a new stimulus plan from China helped ease some concerns around global growth.
Roche doesn’t need M&A to boost sales, sees growth from own meds: CEO
Swiss drugmaker Roche sees sales rising in the longer term from medicines in its own pipeline, Chief Executive Severin Schwan told Reuters on Friday, adding he does not want or need to do takeovers to mitigate looming patent losses.
Years of forex market calm sends currency funds to the wall
The Chinese yuan’s tumble is stirring hopes of a long-awaited volatility boost for forex markets but any rise will be too late for the currency funds that have shut down this year, and it may be too small to hold out much hope for those that remain.
Facebook to face antitrust probe by state attorneys general
Several U.S. state attorneys general will investigate Facebook Inc on whether the social network stifled competition and put users at risk, days after reports that Google would face an antitrust probe from a host of attorneys general.
