T-Mobile, Sprint win U.S. security approvals for merger
T-Mobile US Inc and Sprint Corp have won backing for their $26 billion merger from two national security reviews on Monday, clearing key hurdles in their tie-up bid.
Oil prices fall for third straight session amid supply glut worries
Brent crude prices dropped more than $1 on Tuesday, falling for a third straight session, as reports of inventory builds and forecasts of record shale output in the United States, now the world’s biggest producer, stoked worries about oversupply.
South Korea to provide $3 billion in financial support for troubled auto suppliers
South Korea unveiled a policy package to support its embattled car parts makers industry that includes providing financial support worth over 3.5 trillion won ($3.10 billion) and encouraging the use of electric cars.
T-Mobile, Sprint get CFIUS approval for proposed merger
T-Mobile US and Sprint Corp have received approval from the Committee on Foreign Investment in the United States (CFIUS) for their proposed merger, the companies said on Monday.
Asia stocks slide as global growth worries deepen
Asian share markets slumped on Tuesday as heightened concerns about a slowing global economy sent Wall Street stocks skidding to their lowest levels in more than a year.
Qualcomm says Apple violating Chinese court order, despite new software
Qualcomm Inc said it believes Apple Inc remains in violation of a Chinese court’s orders to stop selling iPhones despite a software update that Apple pushed on Monday.
Oil prices fall 1 percent amid supply glut worries
Oil prices dropped 1 percent on Tuesday, extending losses from the previous session as reports of a big climb in U.S. inventories and forecasts of record shale output stoked worries about oversupply.
World stocks slide as global growth worries deepen
Asian share markets stumbled on Tuesday as heightened concerns about a slowing global economy sent Wall Street stocks skidding to their lowest levels in more than a year.
U.S. oil prices drop 1 percent on oversupply fears
U.S. oil prices fell 1 percent on Tuesday after slipping below $50 a barrel in the previous session, with reports of a big climb in U.S. inventories and forecasts of record shale output stoking worries about oversupply.
J&J moves to limit impact of Reuters report on asbestos in Baby Powder
Johnson & Johnson on Monday scrambled to contain fallout from a Reuters report that the healthcare conglomerate knew for decades that cancer-causing asbestos lurked in its Baby Powder, taking out full-page newspaper ads defending its product and practices, and readying its chief executive for his first television interview since investors erased tens of billions of dollars from the company’s market value.
