U.S. appeals court to reconsider Hyundai-Kia gas mileage settlement
A U.S. appeals court will reconsider its decision to throw out a $210 million nationwide class-action settlement for owners of Hyundai Motor Co and Kia Motors Corp vehicles whose fuel economy was inflated.
CBS probes misconduct claims against CEO Moonves amid legal battle
U.S. broadcasting and media company CBS Corp said on Friday it was investigating allegations of personal misconduct by its chief executive Leslie Moonves ahead of an upcoming New Yorker article that is expected to detail the claims.
New York state revokes approval of Charter-Time Warner Cable deal
The New York State Public Service Commission said on Friday it revoked its approval of the 2016 merger agreement between Charter Communications Inc and Time Warner Cable, saying Charter failed to build out its network for enough homes and that the com…
Tech stocks weigh on Wall Street
Wall Street’s major indexes fell on Friday as weak earnings reports from major technology companies led to a big drop for the sector.
IBM wins $83 million from Groupon in internet patent fight
A U.S. jury on Friday awarded International Business Machines Corp $83 million in a patent dispute with e-commerce company Groupon Inc .
Factbox: Trump touts strong economy; facts are more nuanced
U.S. President Donald Trump on Friday hailed a report on economic growth as a sign that the economy was mounting a remarkable turnaround under his stewardship. The facts are more nuanced.
Trump hails growth as one-offs and consumers boost economy
The U.S. economy grew at its fastest pace in nearly four years in the second quarter as consumers boosted spending and farmers rushed shipments of soybeans to China to beat retaliatory trade tariffs before they took effect in early July.
Interactive Brokers increases margin requirement for Tesla
Interactive Brokers Group said on Friday it will increase margin requirements for clients making Tesla Inc bets due to recent volatility in shares of Elon Musk’s electric car company.
Caterpillar results likely to shed light on tariffs fallout
When Caterpillar Inc reports earnings on Monday, investors will focus on the heavy equipment maker’s ability to adjust its prices in the face of rising materials costs that are expected to pressure profit margins.
Global stocks end fourth week of gains on sour note as investors jeer earnings
World shares fell on Friday as corporate results and economic data failed to wow investors, leaving them to stew over trade tariffs and central bank policies.
