South Korea’s SK Innovation to file patent infringement lawsuit against LG Chem in U.S
South Korean battery maker SK Innovation Co Ltd on Friday said it plans to sue compatriot LG Chem Ltd and its U.S. subsidiary in the United States over alleged patent infringement related to electric vehicle (EV) batteries.
Asian shares rise on conciliatory trade tone but mood cautious
Asian shares rose on Friday as China struck a hopeful tone on trade with the United States but continued fears about a global growth slowdown, or even a recession, capped sharp rallies.
S&P calls Argentine’s debt maturity extension a ‘default’
Ratings agency Standard & Poor’s said on Thursday that Argentina’s decision to “unilaterally” extend maturities on its short-term debt constituted a “default,” and warned that the country’s local and foreign currency sovereign credit ratings were now in “selective default.”
Signs of new U.S.-China trade discussions emerge as increased tariffs loom
The United States and China gave signs on Thursday that they will resume trade talks as the two economic superpowers discussed the next round of in-person negotiations in September ahead of a looming deadline for additional U.S. tariffs.
Dell beats profit estimates on higher desktop sales; shares rise 9%
Dell Technologies Inc beat Wall Street profit estimates on Thursday, helped by higher demand for desktops, as well as a focus on more profitable contracts within its server unit in China, sending the company’s shares up 9% in extended trading.
General Electric wins partial dismissal of shareholder lawsuit
A federal judge in Manhattan on Thursday partially dismissed a lawsuit by investors in General Electric Co that accused the company of concealing $24 billion in insurance liabilities and using fraudulent accounting to prop up its power business.
Waymo urges U.S. to ‘promptly’ remove barriers to self-driving cars
Waymo, the self-driving car unit of Google parent Alphabet Inc, on Thursday urged the National Highway Traffic Safety Administration (NHTSA) to “promptly” remove regulatory barriers for cars without steering wheels and brake pedals.
SEC fines Juniper Networks more than $11.7 million to settle internal control violations
The U.S. Securities and Exchange Commission said on Thursday that it had fined and settled with California-based Juniper Networks, Inc. more than $11.7 mln to resolve charges that it violated the Foreign Corrupt Practices Act (FCPA).
Dell beats profit estimates on higher desktop sales, shares surge
Dell Technologies Inc beat Wall Street profit estimates on Thursday boosted by a higher demand for its cloud services and personal computers, sending its shares up 6% in extended trading.
Wall Street rallies after China trade comments
U.S. stocks rallied more than 1% on Thursday, buoyed by gains in the trade-sensitive technology and industrial sectors as China expressed hope on trade negotiations with the United States, easing concerns that rising tensions could stoke a recession.
