After bankruptcy, Gibson plots return to basics, and possibly ukuleles
(Reuters) – As Gibson Brands Inc targets an exit from Chapter 11 bankruptcy later this year, the iconic guitar maker plans a return to traditional guitars after an ill-fated attempt at computerizing them and possibly a foray into ukuleles, CEO Henry Ju…
Equifax avoids fines in deal with U.S. states over data breach
WASHINGTON/NEW YORK (Reuters) – Equifax Inc on Wednesday avoided fines in a deal with eight states’ banking regulators over a data breach that compromised sensitive data of more than 145 million people, as the credit reporting agency agreed to tighten…
Exclusive: Bahrain Steel says Anglo declared force majeure on contract after spills
RIO DE JANEIRO/DUBAI (Reuters) – Anglo American has suspended a contract to supply Bahrain Steel with iron ore, the Gulf-based company said, in the latest headache for the miner’s troubled Brazilian project after spills from a pipeline that carries th…
Sprint, T-Mobile defend proposed tie-up before U.S. Senate panel
WASHINGTON (Reuters) – T-Mobile’s planned $26 billion acquisition of rival mobile phone carrier Sprint Corp would add jobs and would not hike prices, top executives of the two companies testified before a U.S. Senate panel on Wednesday.
Wall Street tumbles on renewed U.S.-China trade jitters
NEW YORK (Reuters) – U.S. stocks fell on Wednesday on renewed uncertainty regarding the U.S. stance on Chinese investments in American technology companies, reversing gains earlier in the session.
Wall Street tumbles on renewed trade uncertainty
(Reuters) – U.S. stocks reversed course on Wednesday, falling on renewed uncertainty regarding the U.S. stance on Chinese investments in American technology companies.
U.S. gives Disney approval to buy Fox amid bidding war with Comcast
WASHINGTON (Reuters) – Walt Disney Co won U.S. approval to buy Twenty-First Century Fox Inc entertainment assets for $71.3 billion on condition it sell Fox’s 22 regional sports networks, the Justice Department said on Wednesday, giving Disney an edge o…
Trump to use U.S. security review panel to curb China tech investments
WASHINGTON (Reuters) – U.S. President Donald Trump said on Wednesday he will use a strengthened national security review process to thwart Chinese acquisitions of sensitive American technologies, a softer approach than imposing China-specific investmen…
Apple, Samsung settle U.S. patent dispute
(Reuters) – Apple Inc and Samsung Electronics Co Ltd on Wednesday settled a seven-year patent dispute over Apple’s allegations that Samsung violated its patents by “slavishly” copying the design of the iPhone.
Wall Street rally fizzles as tech stocks drag
(Reuters) – A mini rally in U.S. stocks, sparked by a U.S. move to ease its stance on curbing Chinese investments in American technologies, ran out of steam in afternoon trading on Wednesday, but a jump in oil prices helped prop markets.
