Trump says he would be happy to keep tariffs on Chinese imports
U.S. President Donald Trump said on Wednesday he would be happy to keep tariffs on Chinese imports in place, adding that China was mistaken if it hoped to delay a trade deal with the United States until a Democrat controlled the White House.
White House says China has indicated it wants to make trade deal
The United States has received an indication from China that Beijing wants to make a trade deal, White House spokeswoman Sarah Sanders told reporters on Wednesday, after Washington announced it will raise tariffs on $200 billion worth of Chinese import…
Walmart raises U.S. tobacco purchase age to 21 starting in July
Walmart Inc said on Wednesday it will raise the minimum age to purchase tobacco products to 21 across its U.S. stores starting July 1, responding to growing regulatory and political pressure to curb a surge in teenage use of e-cigarettes.
Global stocks rebound on China trade deal indication, bonds fall
A gauge of world equity markets rose and safe-haven bond prices fell on Wednesday after the White House said it had received an indication from China that it wanted to make a trade deal with the United States that had appeared on the brink of unravelin…
GM to sell Lordstown plant, invest $700 million in Ohio: Trump
U.S. President Donald Trump said Wednesday that General Motors Co will sell its Lordstown, Ohio plant to a company to build electric trucks and will invest $700 million in three other Ohio facilities.
GE CEO says weaker quarters likely after ‘good start’ to year
General Electric Co Chief Executive Larry Culp said on Wednesday the company will likely have weaker quarters in the rest of the year after a surprisingly “good start” in the first quarter.
GM, union reach deal to rescue part of Ontario plant: source
General Motors and the largest union representing Canada’s auto workers have reached a deal to partly rescue an auto plant in Ontario slated to close this year by converting it to a parts-stamping facility, a source familiar with the matter said on Wed…
Wirecard eyes share buybacks, sales leads from Softbank alliance
German payments firm Wirecard is considering buying back shares following its partnership with Japan’s Softbank Group which it said on Wednesday had already created leads for potential cooperation in digital payments.
Thomson Reuters profit tops Wall St. forecasts, shares hit all-time high
Thomson Reuters Corp on Wednesday reported stronger-than-expected quarterly profit, boosted by demand for information it sells to legal professionals, and reaffirmed its forecast for the rest of this year and 2020.
Wendy’s higher priced burgers, franchisee fee boost quarterly results
Wendy’s Co on Wednesday reported quarterly revenue and profit above estimates, as the burger chain was helped by higher royalty fees from franchisees and its new premium burgers that come with avocado and bacon.
