China slams U.S. ‘blackmailing’ after Trump makes new trade threat
BEIJING/WASHINGTON (Reuters) – China accused the United States on Tuesday of “extreme pressure and blackmailing” and vowed to retaliate after U.S. President Donald Trump threatened to impose a 10 percent tariff on $200 billion of Chinese goods in an es…
Activist Carl Icahn gains control of board in proxy fight at SandRidge Energy
OKLAHOMA CITY (Reuters) – Activist investor Carl Icahn on Tuesday won at least four seats on the board of SandRidge Energy , winning a battle for control of the U.S. shale producer that he wants to sell to others or buy himself.
China seeks jets as French PM heads to Beijing
PARIS (Reuters) – China Eastern has called for bids to supply 150 single-aisle jetliners like the Airbus A320 or Boeing 737 as Airbus seeks to revive a stalled plane deal with China, industry sources said.
Wall Street slides, Dow erases 2018 gains as trade spat intensifies
(Reuters) – U.S. stocks slumped on Tuesday, with the Dow Jones Industrial Average erasing its gains for the year, as markets were rattled by a sharp escalation of the trade dispute between the United States and China.
Wall Street falls as China-U.S. trade tensions mount
(Reuters) – U.S. stocks opened lower on Tuesday as President Donald Trump’s latest threat to impose duties on additional Chinese goods heightened worries that tit-for-tat tariffs could spiral into a trade war.
Fender revamps its electric guitars amid sales recovery
(Reuters) – Fender Musical Instruments Corp, the iconic electric guitar maker whose instruments have powered music from Eric Clapton to contemporary acts like Daniel Caesar, is replacing its biggest-selling lineup of guitars as its sales tick up.
UPS to spend $130 million on new natural gas vehicles, fueling stations
LOS ANGELES (Reuters) – Package delivery company UPS on Tuesday said it will invest $130 million to buy 730 compressed natural gas vehicles and build five more domestic CNG fueling stations as the industry moves to shift from petroleum-burning vehicle…
Russia, Saudi push for big hike in oil output despite Iran opposition
VIENNA/MOSCOW (Reuters) – Russia and Saudi Arabia are pushing OPEC and its allies to raise oil output steeply from July to meet growing demand and cover supply outages in Venezuela and Libya despite opposition from several members of the producer group…
Futures slide as China-U.S. trade dispute heats up
(Reuters) – Futures on the three main U.S. indexes slumped more than a percent on Tuesday as President Donald Trump’s latest threat to impose duties on additional Chinese goods heightened concerns that tit-for-tat tariffs could spiral into a trade war….
VW names interim Audi boss, seeking to steady brand after CEO arrest
MUNICH (Reuters) – Volkswagen suspended Audi boss Rupert Stadler and announced an interim replacement on Tuesday, seeking to steady its most profitable business after German authorities arrested Stadler as part of an emissions probe.
