Asian shares near four-month lows on Huawei fallout fears
Asian shares wobbled near four-month lows on Tuesday on mounting worries the White House’s black-listing of Chinese telecom giant Huawei Technologies could further inflame already tense relations between Washington and Beijing.
U.S. eases some restrictions on China’s Huawei to keep networks operating
The U.S. government on Monday temporarily eased some trade restrictions imposed last week on China’s Huawei, a move that sought to minimize disruption for the telecom company’s customers around the world.
American Airlines asks court to block disruptive ‘slowdown’ by mechanics unions
American Airlines Group Inc has filed a lawsuit against two unions representing its mechanics, asking the court to halt what it called an illegal slowdown that it said on Monday threatened to disrupt U.S. summer travel.
Legg Mason names Trian’s Peltz, Garden to board
Legg Mason Inc said on Monday it had appointed Trian Fund Management LP’s Nelson Peltz and Ed Garden as directors, raising the size of its board to 12 members.
Walmart, Target, Bed Bath must face lawsuit over fake ‘Egyptian’ cotton: NY judge
A federal judge said Walmart Inc, Target Corp and Bed Bath & Beyond Inc must face a lawsuit claiming they sold linens that were falsely labeled “100% Egyptian Cotton” or “100% Long-Staple Egyptian cotton” despite being suspicious of their origin.
U.S. eases some restrictions on China’s Huawei to keep mobile networks operating
The U.S. government on Monday eased some restrictions imposed last week on China’s Huawei, a sign of how the prohibitions on the telecommunications company may have far-reaching and unintended consequences.
T-Mobile’s deal for Sprint gets big boost from FCC commission
T-Mobile US Inc’s $26 billion acquisition of rival Sprint Corp appeared to win the support of a majority of the Federal Communications Commission on Monday, in a significant step toward the deal’s approval.
Worries of longer, costlier U.S.-China trade war hits markets
Worries that the United States and China were digging in for a longer, costlier trade war weighed on financial markets on Monday as Beijing accused Washington of harboring “extravagant expectations” for a deal to end their dispute.
American Airlines asks court to stop alleged maintenance slowdown
American Airlines Group Inc said on Monday it has filed a lawsuit against two unions representing its mechanics, accusing the workers of an illegal slowdown aimed at disrupting operations to improve their position in prolonged labor talks.
U.S. Commerce Department scales back restrictions on Huawei
The U.S. Commerce Department on Monday created a temporary general license restoring Huawei’s ability to maintain existing networks and provide software updates to existing Huawei handsets.
