Roche to pay $2.4 billion to buy rest of Foundation Medicine
ZURICH (Reuters) – Swiss drugmaker Roche Holding AG has agreed to pay $137 per share to buy the rest of Foundation Medicine (FMI) , a $2.4 billion transaction that values the U.S. genomic profiling group at $5.3 billion, the partners said on Tuesday.
Asia stocks slide to four-month low as Trump raises stakes in China trade war
TOKYO (Reuters) – A sell-off in Chinese stocks drove Asian equities to a four-month low on Tuesday, as U.S. President Donald Trump threatened new tariffs on Chinese goods in an escalating tit-for-tat trade war between the world’s two biggest economies….
U.S. oil pipeline companies, producers seek relief from steel tariffs
HOUSTON (Reuters) – Major U.S. energy companies including Plains All American Pipeline , Hess Corp and Kinder Morgan Inc are among many seeking exemptions from steel-import tariffs as the United States ratchets up trade tensions with exporters includ…
Young at heart? Mercedes cultivates its aging workforce
BERLIN (Reuters) – Too slow, inflexible, forgetful, always off sick. Those are some attitudes about older workers that carmaker Mercedes-Benz is trying to dispel as Germany grapples with the challenges of an aging society.
Australian court fines Apple $6.7 million over iPhone ‘bricking’ case
SYDNEY (Reuters) – An Australian court fined U.S. electronics giant Apple Inc A$9 million ($6.7 million) on Tuesday after a regulator accused it of using a software update to disable iPhones which had cracked screens fixed by third parties.
ZTE plummets after U.S. Senate puts Trump reprieve in doubt
HONG KONG (Reuters) – Shares of ZTE Corp plunged on Tuesday after the U.S. Senate’s passage of a defense bill set up a potential battle with the White House over whether the Chinese telecoms firm can resume business with its U.S. suppliers.
Trump threatens China with new tariffs on $200 billion in goods
WASHINGTON/BEIJING (Reuters) – U.S. President Donald Trump threatened on Monday to impose a 10 percent tariff on $200 billion of Chinese goods, prompting a swift warning from Beijing of retaliation, as the trade conflict between the world’s two biggest…
Intel has paths around Trump’s China tariffs, analysts say
(Reuters) – Intel Corp, the world’s biggest chipmaker by revenue and a prominent U.S. manufacturer, could avoid the most severe effects of a new list of Chinese tariffs proposed by U.S. President Donald Trump by shifting its production among its facili…
ZTE shares plunge after Senate bill passage sets up battle with Trump
HONG KONG (Reuters) – Shares of ZTE Corp plunged on Tuesday after the U.S. Senate’s passage of a defense bill set up a potential battle with the White House over whether the Chinese telecoms firm can resume business with its U.S. suppliers.
CEO Musk emails staff alleging employee ‘sabotage’
SAN FRANCISCO (Reuters) – Tesla Inc Chief Executive Elon Musk said on Monday in an email to staff that an unnamed Tesla employee had conducted “extensive and damaging sabotage” to the company’s operations including allegedly making unspecified code c…
