Northrop Grumman wins U.S. antitrust approval to buy Orbital ATK
WASHINGTON (Reuters) – U.S. defense contractor Northrop Grumman won U.S. antitrust approval to buy solid rocket motor supplier Orbital ATK Inc with conditions, the Federal Trade Commission said on Tuesday.
HP sees up to 5,000 job cuts as part of restructuring plan
(Reuters) – HP Inc now expects 4,500 to 5,000 employees to leave the company by the end of fiscal 2019 as part of an ongoing restructuring plan, the PC maker said on Tuesday.
Exclusive: China’s ZTE signed preliminary agreement to lift U.S. ban: sources
(Reuters) – ZTE Corp has signed an agreement in principle that would lift a U.S. Commerce Department ban on buying from U.S. suppliers, allowing China’s No. 2 telecommunications equipment maker to get back into business, according to sources familiar …
U.S. retailers, restaurants say tax law ‘drafting error’ delays investments
WASHINGTON (Reuters) – A coalition of retailers and restaurants on Tuesday asked the U.S. Congress to fix a “drafting error” in December’s tax-cut bill that they said is deterring companies from investing in their stores.
Nasdaq ends at record close, S&P edges higher on data
(Reuters) – The Nasdaq closed at a record high for the second day in a row with help from the technology and consumer discretionary sectors, while the S&P 500 edged higher as investors eyed solid U.S. economic data.
America Movil to launch new U.S. unit for business clients
MEXICO CITY (Reuters) – Mexican telecommunications company America Movil, controlled by the family of Mexican billionaire Carlos Slim, is launching a U.S.-based unit that will offer information technology and communications to business customers, accor…
Expect disagreements over tariffs at G7 summit: Canada official
OTTAWA (Reuters) – The Group of Seven leading industrial nations at its summit this week is poised to disagree over U.S. metals tariffs, which have infuriated Canada and European Union members of the bloc, a Canadian official said on Tuesday.
Exclusive: ZTE signed U.S. agreement in principle to put Chinese firm back in business – sources
(Reuters) – ZTE Corp has signed an agreement in principle that would lift a U.S. Commerce Department ban on buying from U.S. suppliers, allowing the Chinese telecommunications equipment maker to get back into business, according to sources familiar wi…
UBS hires Solon Kentas to lead U.S. consumer and retail M&A
(Reuters) – UBS Group AG has appointed Solon Kentas, previously a managing director at Deutsche Bank AG , to lead the Swiss bank’s U.S. consumer and retail dealmaking efforts, UBS announced internally in a memo on Tuesday.
Wells Fargo pulls back from U.S. Midwest, selling 52 branches to Flagstar
(Reuters) – Wells Fargo & Co is pulling back from retail banking in the U.S. Midwest, selling all of its branches in three states, as the bank embarks on a broader review of branch profitability across the country.
