Trump floats large fine, management changes for Chinese firm ZTE
WASHINGTON (Reuters) – U.S. President Donald Trump on Tuesday floated a plan to fine ZTE Corp $1.3 billion and shake up its management, as U.S. lawmakers vowed to block sanctions that crippled the Chinese telecommunications firm.
Americans report stronger finances in Trump’s first year: Federal Reserve
WASHINGTON (Reuters) – The share of Americans who report they are doing “at least okay” financially rose in President Donald Trump’s first year in office, according to Federal Reserve data published on Tuesday.
Facebook director to start after annual meeting, avoid shareholder vote
BOSTON (Reuters) – Facebook Inc named a new director this month and timed his appointment to avoid a shareholder vote, raising concern among some investors who want to see more accountability from the social media company.
Facebook’s Zuckerberg apologises to EU lawmakers over data leak
BRUSSELS (Reuters) – Facebook boss Mark Zuckerberg apologised to European Union lawmakers on Tuesday for a massive data leak, in his latest attempt to draw a line under a scandal that has rocked the world’s biggest social media network.
J.C. Penney CEO Ellison jumps ship to Lowe’s; shares sink
(Reuters) – J.C. Penney’s Chief Executive Officer Marvin Ellison is leaving the struggling retailer to join home improvement chain Lowe’s Cos Inc , the companies said on Tuesday, sending shares in the U.S. department store chain down as much as 8 perc…
Civil rights groups criticize Amazon’s facial recognition system
(Reuters) – Several U.S. civil liberties groups on Tuesday complained that Amazon.com Inc’s real-time facial recognition system, Rekognition, is helping the government with surveillance targeting large crowds, violating civil and digital rights.
Wall Street edges higher as U.S.-China trade talks progress
(Reuters) – U.S. stocks edged higher on Tuesday, led by financial and energy stocks, as the United States and China made progress on ironing out their trade differences and reach an agreement.
Ex-Valeant, Philidor executives convicted of kickback scheme
NEW YORK (Reuters) – A former Valeant Pharmaceuticals International Inc executive and the former chief of mail order pharmacy Philidor Rx Services were found guilty on Tuesday of defrauding Valeant through a multimillion-dollar kickback scheme.
EU doubts if offer can prevent Trump tariffs or steel caps
BRUSSELS (Reuters) – European Union proposals to open its markets wider to U.S. products, including cars, appear not to have persuaded Washington to lift the threat of import tariffs on EU steel and aluminium, the bloc’s trade chief said on Tuesday.
Japan, Russia, Turkey bring potential U.S. tariff retaliation to $3.5 billion
GENEVA (Reuters) – Japan, Russia and Turkey have warned the United States about potential retaliation for its tariffs on steel and aluminum, the World Trade Organization said on Tuesday, bringing the total U.S. tariff bill to around $3.5 billion annual…
