Trump, U.S. lawmakers meet to discuss ‘problematic’ measure on China’s ZTE
WASHINGTON (Reuters) – U.S. President Donald Trump and a group of Republicans from the Senate and House of Representatives met at the White House on Wednesday to discuss their disagreement over how to penalize Chinese telecommunications company ZTE Cor…
Daimler issues profit warning, blames U.S.-China trade war
(Reuters) – Daimler AG on Wednesday flagged headwinds for its 2018 earnings mainly due to fewer-than-expected Mercedes-Benz SUV sales and likely higher costs resulting from increased import tariffs for U.S. vehicles into the Chinese market.
Former Puma Biotech executive gets U.S. prison term for insider trading
BOSTON (Reuters) – A former Puma Biotechnology Inc executive was sentenced on Wednesday to 2-1/4 years in prison for trading on inside information ahead of announcements by the biopharmaceutical company about a breast cancer drug it was developing.
Micron reports 40 percent jump in quarterly sales
(Reuters) – Chipmaker Micron Technology Inc reported a 40 percent jump in quarterly sales on Wednesday, driven by strong demand for its memory chips used in computers and smartphones.
Nasdaq climbs to record; Dow capped by trade concerns
NEW YORK (Reuters) – The Nasdaq closed at a record on Wednesday, lifted by a climb in large-cap tech and consumer discretionary names, while the Dow and S&P 500 were hemmed in as concerns over an escalation in the U.S.-China trade skirmish simmered.
What trade war? FAANGs scale new highs
(Reuters) – Four of the five so-called FAANG stocks – Facebook, Alphabet, Amazon and Netflix – surged to all-time highs on Wednesday, with only Apple spoiling a perfect scorecard.
U.S. lawmakers want Google to reconsider links to China’s Huawei
WASHINGTON (Reuters) – A group of Republican and Democratic U.S. lawmakers asked Alphabet Inc’s Google on Wednesday to reconsider its work with Chinese telecommunications firm Huawei Technologies Co Ltd [HWT.UL], which they described as a security thr…
Disney hikes bid for Fox assets to $71.3 billion, tops Comcast
(Reuters) – Walt Disney Co raised its bid for the bulk of Twenty-First Century Fox Inc’s film and television assets to $71.3 billion on Wednesday, sweetening its deal with cash as it looks to upend Comcast Corp’s $65 billion offer.
FAANGs power Nasdaq to record high; Dow remains under pressure
(Reuters) – The Nasdaq hit a record on Wednesday as Facebook, Amazon, Netflix and Alphabet touched all-time highs, while the Dow Jones Industrial Average struggled to shrug off concerns over a rapid escalation in the U.S.-China trade spat.
Boeing targets 2025 for new jet but won’t rush decision
PARIS (Reuters) – The head of Boeing jetliner sales said on Wednesday he was confident a possible new mid-market jet with the potential to carve out new routes would be ready to enter service in 2025, but stressed the planemaker would not be rushed in…
