Trade war fears, iPhone worries weigh on Wall Street
(Reuters) – U.S. stock indexes dipped on Friday as fears over a trade war escalated ahead of the G7 summit in Canada and shares of Apple and its suppliers fell, following a report that the iPhone maker was planning to produce fewer phones this year.
Kia recalls 507,000 vehicles in U.S. for air bags that may not deploy
WASHINGTON (Reuters) – Kia Motors Corp said on Friday it is recalling more than 507,000 vehicles in the United States because an electronic glitch may prevent air bags from deploying in the event of a crash.
Trump vows to deal with ‘unfair trade’ ahead of tense G7 summit
LA MALBAIE, Quebec (Reuters) – U.S. President Donald Trump lashed out at Canada and the European Union on Friday, setting the tone for a hostile Group of Seven summit and raising the specter of a trade war that has unnerved Washington’s top allies as w…
Airbus clinches final deal to rescue Bombardier CSeries
(Reuters) – European planemaker Airbus has finalized a rescue deal for Bombardier’s CSeries jet and is expected to flex its marketing and cost-cutting muscle to revive the loss-making Canadian venture.
Verizon names tech chief as CEO, putting network over content
(Reuters) – Verizon Communications Inc named chief technology officer Hans Vestberg as its new CEO beginning Aug. 1, surprising analysts and signaling the company’s priority is building the next-generation 5G wireless network, not expanding into media…
iPhone worries weigh on Wall Street
(Reuters) – U.S. stock indexes were lower on Friday as shares of Apple and its suppliers fell, following a report that the iPhone maker was planning to produce fewer phones this year.
Apple to make 20 percent fewer new model iPhones this year: Nikkei
(Reuters) – Apple Inc expects to ship 80 million new model iPhones this year, down 20 percent from what it had planned at the same time last year, Japanese financial daily Nikkei reported on Friday, citing industry sources.
Trump vows to ‘straighten out’ G7 trade ahead of tense meeting
LA MALBAIE, Quebec (Reuters) – U.S. President Donald Trump lashed out at Canada and the European Union on Friday and said he plans to leave a meeting with leaders of the Group of Seven nations early as fears of a trade war ratcheted higher.
Apple plans to make 20 percent fewer new model iPhones this year: Nikkei
(Reuters) – Apple Inc expects to ship 80 million new model iPhones this year, down 20 percent from what it had planned at the same time last year, the Nikkei reported on Friday, citing industry sources.
Exclusive: Malaysia considering seeking return of Goldman Sachs’ 1MDB fees
KUALA LUMPUR (Reuters) – Malaysia is considering asking the U.S. Department of Justice (DoJ) to get Goldman Sachs to return nearly $600 million in fees it earned from bonds raised for scandal-tainted 1Malaysia Development Berhad (1MDB), two sources fa…
