U.S. judge says China’s ZTE violated probation; extends monitor’s term
A U.S. judge on Wednesday issued an order finding that China’s ZTE Corp violated probation imposed in March 2017 when the company pleaded guilty for conspiring to evade U.S. sanctions by illegally shipping U.S. goods and technology to Iran.
Barnes & Noble opts for strategic review after takeover interest
Barnes & Noble Inc said on Wednesday it would explore strategic options after several parties, including founder-chairman Leonard Riggio, showed interest to buy the bookseller, sending its shares up as much as 24 percent in extended trading.
U.S. judge says China’s ZTE violates probation; extends monitor’s term
A U.S. federal judge on Wednesday issued an order finding that China’s ZTE Corp violated probation imposed in March 2017 when the company pleaded guilty to illegally shipping goods to Iran despite U.S. sanctions.
Race bias lawsuit against Morgan Stanley sent to private arbitration
A black former Morgan Stanley broker who filed a lawsuit accusing the bank of racial bias must pursue his claims in private arbitration, a federal judge ruled on Wednesday.
CBS executive placed on leave after accusations of sexual language
CBS Corp has placed television executive Vincent Favale on leave after earlier allegations of using sexual and homophobic language resurfaced, the company said on Wednesday.
Dollar hits six-week highs on hawkish Fed
The U.S. dollar rose to its highest in six weeks on Wednesday as Federal Reserve Chairman Jerome Powell said the U.S. economy is “remarkably positive” and spoke of the need to continue raising interest rates.
Global stocks firm, U.S. Treasury yields soar, oil at four-year high
Stock markets around the world were up slightly on Wednesday amid signs that Italy would cut its budget deficits in coming years, but U.S. Treasuries yields hit multi-year highs after strong U.S. jobs data, while oil prices saw 4-year highs ahead of U….
Brent hits new four-year high on Iran supply worries
Brent crude rose nearly 2 percent after hitting a four-year high on Wednesday as the market focused on upcoming U.S. sanctions on Iran while shrugging off the year’s largest weekly build in U.S. crude stockpiles and reports of higher Saudi Arabian and …
Financials lift Wall Street, but rate worry caps gains
Wall Street advanced on Wednesday and the Dow Jones Industrial Average closed at a record for a second day, after U.S. economic data fueled a rise in Treasury yields, lifting financial stocks.
Honda to invest $2.75 billion in GM’s self-driving car unit
Honda Motor Co Ltd will invest $2.75 billion and take a 5.7 percent stake in General Motors Co’s Cruise self-driving vehicle unit, to jointly develop autonomous vehicles for deployment in ride services fleets around the world.
