U.S. proposes expedited appeal in fight with AT&T over Time Warner purchase
The U.S. Justice Department has proposed an expedited schedule for an appeal of a judge’s ruling that allowed AT&T Inc to buy movie and TV show maker Time Warner, according to a court filing on Wednesday.
U.S. regulatory panel gives Zions Bancorp green light to shed Fed oversight
A top U.S. regulatory panel on Wednesday said it had preliminarily approved Zions Bancorp’s petition to shed Federal Reserve oversight on the basis it is not systemically important to the U.S. financial system, in a further sign of regulatory easing.
Microsoft’s focus on cloud, partnerships paying off
In the elevator industry, breakdowns are bad for business.
U.S. tariffs could raise auto prices by $83 billion: trade group
A group representing major automakers will tell the U.S. Commerce Department on Thursday that imposing tariffs of 25 percent on imported cars and parts would raise the price of U.S. vehicles by $83 billion annually and cost hundreds of thousands of job…
CITGO says CEO’s U.S. visa has been revoked
Citgo Petroleum Corp [PDVSAC.UL], the U.S. subsidiary of Venezuelan state-run oil company PDVSA [PDVSA.UL], said on Wednesday that the United States had revoked the visa of its president and chief executive Asdrubal Chavez, cousin of Venezuela’s late p…
S&P 500 climbs to over five-month high on strong earnings
The S&P 500 rose to its highest in more than five months and the Dow climbed for a fifth session on Wednesday as solid earnings boosted financial and industrial stocks and reinforced expectations for a strong second-quarter reporting season.
U.S. tariffs may raise cost of insurance, parts, drive up auto thefts
A threat by the U.S. government to impose tariffs of up to 25 percent on imported auto parts could hit consumers in unexpected ways: higher repair costs, insurance premiums and even the theft of more cars for their parts, the industry said.
Fed walks careful line on trade, but downside risks emerging
Federal Reserve Chairman Jerome Powell’s official line on U.S. trade policy is one of careful deference to the Trump administration, acknowledging it is outside the Fed’s responsibility and that it might all turn out for the best.
Alcoa cuts adjusted EBITDA forecast citing tariffs, shares slide
(This 18 July story corrects to remove reference to rising oil and gas prices in last paragraph.)
EBay’s third-quarter forecast misses estimates
EBay Inc forecast third-quarter profit below analysts’ estimates on Wednesday as efforts to revamp its e-commerce platforms failed to impress investors.
