Trump, Trudeau upbeat about prospects for NAFTA deal by Friday
The leaders of the United States and Canada expressed optimism on Wednesday that NAFTA negotiations could meet a Friday deadline for a deal, although Canada warned that hard work on a number of tricky issues was still needed.
Calvin Klein owner PVH profit up 38 percent, forecast raised
Apparel maker PVH Corp reported a 38 percent rise in second-quarter profit on Wednesday and raised its earnings forecasts for the year, helped by higher sales of its Calvin Klein and Tommy Hilfiger brands.
USITC to investigate whether AB InBev dispensing systems infringe Heineken patent
The U.S. International Trade Commission said on Wednesday it would investigate whether certain Anheuser Busch InBev NV beverage dispensing systems and components infringe a Heineken NV patent.
Wall Street extends rally, tech leads S&P, Nasdaq to record highs
Wall Street extended its rally on Wednesday, with the S&P 500 and the Nasdaq hitting record highs for the fourth straight session as technology companies pushed indexes higher and promising trade negotiations stoked investor sentiment.
World stock index at five-and-a-half-month high as trade fears wane
A major global stock index jumped to a 5-1/2-month high on Wednesday as optimism on the potential for U.S. trade deals cleared the path for technology stocks to resume their leadership mantle.
Sinclair countersues Tribune Media over failed tie-up
Sinclair Broadcast Group Inc on Wednesday filed a counterclaim to a lawsuit by Tribune Media Co seeking $1 billion for what Tribune said was a breach of contract over a proposed merger.
Mexico should seek tariff exclusion before closing NAFTA: steel lobby
Mexico should seek exclusion from U.S. tariffs on steel imports before closing the renegotiation of the North American Free Trade Agreement (NAFTA), the country’s steel industry association CANACERO said in a statement on Wednesday.
Activist Elliott argues Sky is worth over $34 billion, UK regulator says
Activist hedge fund Elliott believes Walt Disney’s deal to buy assets from Twenty-First Century Fox has valued Sky at more than $34 billion, higher than any of the current offers for the British broadcaster, Britain’s takeover regulator disclosed on Wednesday.
Mexico’s Pena Nieto ‘optimistic’ on trilateral NAFTA deal
Mexico’s President Enrique Pena Nieto said on Wednesday that he is optimistic that the country will reach a trilateral deal on the North American Free Trade Agreement (NAFTA) with the United States and Canada.
Drones and stakeouts: how Tesla ‘haters’ put pressure on CEO Musk
An online army of skeptics and amateur sleuths that has spent years promoting bets against Tesla Inc senses an opportunity to renew pressure on the electric carmaker after the failure of Chief Executive Elon Musk’s plan to take it private.
