U.S., China exchange barbs over Huawei as trade tensions flare
The United States and China had a heated exchange on Thursday, with U.S. Secretary of State Mike Pompeo accusing Chinese telecom giant Huawei Technologies of lying about its ties to the government and Beijing saying Washington must end its “wrong actio…
FAA meets with air regulators on fate of Boeing 737 MAX
The Federal Aviation Administration is meeting with international air regulators Thursday from around the world to assess the status of the grounded Boeing Co 737 MAX and what steps are needed to return it to service.
Novartis CEO sees China M&A hampered by data, regulatory standards
Novartis Chief Executive Vas Narasimhan said takeover targets in China for global pharmaceuticals companies are scarce due to little drug discovery by local firms, worries over data quality and regulatory standards in the most-populous country.
Wall Street slides on fears of likely U.S.-China tech cold war
Wall Street’s main indexes fell more than 1% on Thursday, as technology stocks were hammered by fears that the U.S.-China trade spat could turn into a tech cold war between the two countries.
Morgan Stanley shareholders vote to approve executive pay, director
Morgan Stanley said on Tuesday that more than 95 percent of shares voted to approve its executive compensation packages and that all of its directors were elected at the bank’s annual shareholder meeting in Purchase, New York.
GSK to change incentives for sales representatives
British drugmaker GlaxoSmithKline said on Thursday it will change incentives for sales representatives in some countries as it looks to retain talent.
ICAO council holding ‘informal briefing’ on Boeing 737 MAX: spokesman
The International Civil Aviation Organization council is holding an “informal briefing” on the grounded Boeing Co 737 MAX on Thursday, a spokesman said.
Tesla deliveries set to top record in second quarter: Musk email
Tesla Inc is on course to top its record for quarterly deliveries in the second quarter, beating the 90,700 it sent to customers in the final quarter of last year, according to an email from Chief Executive Officer Elon Musk to staff.
Best Buy keeps full-year view, warns of higher prices from more tariffs
Best Buy Co Inc on Thursday stuck to its full-year forecast due to the impact of the latest U.S. tariffs on Chinese imports and warned any new levies would increase prices for U.S. shoppers, sending its shares down as much as 5.4%.
New tariffs on Chinese goods to cost typical U.S. household $831 a year: NY Fed research
The newest round of U.S. tariffs on Chinese imports will cost the typical American household $831 annually, according to research on Thursday from the Federal Reserve Bank of New York.
