Asian shares falter, China under renewed pressure on trade war fears
TOKYO (Reuters) – Asian shares dropped in tentative morning trade on Tuesday as sentiment remained fragile in the face of tense trade relations between the United States and major economies, with investors braced for another potentially rocky day for C…
Loeb’s Third Point takes new approach in battle with Nestle
BOSTON (Reuters) – For a year, billionaire hedge fund manager Daniel Loeb has watched quietly from afar as Nestle SA tries to energize its business. But his patience has worn thin and he has been telling associates and his own investors that time is no…
Probe into Facebook’s data breach broadens: Washington Post
(Reuters) – A federal investigation into Facebook Inc’s data breach with political consultancy Cambridge Analytica has broadened focus on the actions and statements of the tech giant, the Washington Post reported on Monday, citing people familiar with…
Boeing and Embraer close to final agreement: report
SAO PAULO (Reuters) – Planemakers Boeing Co and Embraer SA have prepared contracts of their proposed tie-up and are expected to submit them to the Brazilian government within two weeks, Brazilian newspaper Valor Economico reported on its website Mond…
Trump makes veiled WTO threat after EU warning on car tariffs
WASHINGTON/BRUSSELS (Reuters) – U.S. President Donald Trump warned the World Trade Organization on Monday that “we’ll be doing something” if the United States is not treated properly, just hours after the European Union said that U.S. automotive tariff…
Study backs pay rise for New York City’s Uber, Lyft drivers
NEW YORK (Reuters) – New York City’s cash-strapped Uber and Lyft drivers have been campaigning for bigger paychecks, and their effort got a boost on Monday from a study two economists conducted for the city’s Taxi and Limousine Commission.
Tesla’s all-nighter to hit production goal fails to convince Wall Street
(Reuters) – Tesla Inc’s burning the midnight oil to hit a long-elusive target of making 5,000 Model 3 vehicles per week failed to convince Wall Street that the electric carmaker could sustain that production pace, sending shares down 2.3 percent on Mo…
Wall Street ends higher, helped by tech rally
(Reuters) – Wall Street ended higher on Monday after a choppy session, with gains in Apple and other technology stocks offsetting worries about an escalating trade war between Washington and its trading partners.
Tesla engineering head Doug Field steps down
(Reuters) – Tesla Inc said on Monday Doug Field, senior vice president of engineering, is stepping down after five years with the electric carmaker.
Top U.S. business group assails Trump’s handling of trade dispute
WASHINGTON (Reuters) – The U.S. Chamber of Commerce on Monday denounced President Donald Trump’s handling of global trade disputes, issuing a report that argued tariffs imposed by Washington and retaliation by its partners would boomerang badly on the …
