Trump picks former presidential candidate Cain for Fed board
U.S. President Donald Trump plans to nominate former pizza chain executive and Republican presidential candidate Herman Cain for a seat on the Federal Reserve Board, where he will help set interest rates for the world’s biggest economy.
By spying on Huawei, U.S. found evidence against the Chinese firm
U.S. authorities gathered information about Huawei Technologies Co Ltd through secret surveillance that they plan to use in a case accusing the Chinese telecom equipment maker of sanctions-busting and bank fraud, prosecutors said on Thursday.
Knowles hires JPMorgan for activist defense: source
Audio components maker Knowles Corp has hired JPMorgan investment bankers to advise it on its defense against demands by shareholders Caligan Partners LP and Falcon Edge Capital LP to seek a review of its Precision Devices unit, according to a source f…
Canadian court dismisses Ecuador’s $9.5 billion claim against Chevron Canada
The Supreme Court of Canada on Thursday dismissed claims attempting to force Chevron Corp’s Canadian unit to pay a $9.5 billion judgment handed down in Ecuador against the U.S. oil major over pollution in the Andean country.
Elon Musk safe for now as U.S. judge urges Tesla CEO, SEC to resolve tweet dispute
Elon Musk’s job as Tesla Inc’s chief executive appeared safe on Thursday as a federal judge in Manhattan urged the billionaire to settle contempt allegations by the U.S. Securities and Exchange Commission.
Trump says trade deal with China could be reached in about four weeks
U.S. President Donald Trump said on Thursday a trade deal with China was getting very close and could be reached in about four weeks.
Jeff Bezos to keep Amazon voting power after divorce
Amazon.com Inc founder and Chief Executive Officer Jeff Bezos will retain voting rights and 75 percent of a $143 billion stake in the company when he and MacKenzie Bezos divorce, they said on Thursday, removing uncertainty around what the split would m…
S&P 500, Dow advance with trade talks in focus
The benchmark S&P 500 stock index edged higher, nearing a six-month high on Thursday, with losses in technology stocks countered by gains in Boeing Co and Facebook Inc as investors waited for more clarity on the U.S.-China trade talks.
Brent oil briefly touches $70 per barrel on tight supply
Brent oil prices rose on Thursday, briefly touching $70 a barrel for the first time since November as expectations of tight global supply outweighed pressure from rising U.S. production and less robust global demand indicators.
Explainer: Ethiopia crash raises questions over handling of faults on Boeing 737 MAX
Ethiopia’s insistence that its pilots followed procedures when their Boeing Co 737 MAX nosedived before a deadly crash, and Boeing’s recent declaration that a new software fix makes a “safe plane safer,” have set the stage for a lengthy fight over the …
