U.S., China launch trade talks to avert tariff war, economic damage
WASHINGTON (Reuters) – The United States and China launch a second round of trade talks on Thursday to try to avert a damaging tariff war, with the Trump administration demanding a $200 billion cut in China’s U.S. trade surplus and greater protections …
Silicon Valley startup peddles 3D-printed bike
(Reuters) – After a career that included helping Alphabet Inc’s Google build out data centers and speeding packages for Amazon.com Inc to customers, Jim Miller is doing what many Silicon Valley executives do after stints at big companies: finding more …
Wall Street opens lower as Cisco drags, bond yields climb
(Reuters) – U.S. stocks opened lower on Thursday after Cisco’s disappointing forecast pressured all the three main indexes, while concerns over rising U.S. Treasury yields and looming trade talks persisted.
U.S. weekly jobless claims rise; mid-Atlantic factory activity picks up
WASHINGTON (Reuters) – New applications for U.S. jobless benefits increased more than expected last week, but the number of Americans on unemployment rolls fell to its lowest level since 1973, pointing to diminishing labor market slack.
Diesel fallout is responsibility of carmakers: German minister
BERLIN (Reuters) – German carmakers will have to take responsibility for the fallout from their cheating in diesel cars’ emission tests, Transport Minister Andreas Scheuer said on Thursday.
U.S. weekly jobless claims rise; unemployment rolls smallest in 45 years
(Reuters) – New applications for U.S. jobless benefits increased more than expected last week, but the number of Americans on unemployment rolls fell to its lowest level since 1973, pointing to diminishing labor market slack.
Takeda CEO prescribes surgical R&D cuts after $62 billion Shire deal
LONDON (Reuters) – For Christophe Weber, the boss of Japan’s Takeda Pharmaceutical , securing a $62 billion deal last week to buy drugmaker Shire at the fifth time of asking was the easy bit.
Walmart’s U.S. e-commerce growth rebounds, shares rise
NEW YORK (Reuters) – Walmart Inc, the world’s biggest retailer, posted a rebound in its U.S. e-commerce business on Thursday and beat profit and revenue expectations, lifting its shares in premarket trade.
Stock futures drop as Cisco disappoints; trade talks eyed
(Reuters) – U.S. stock futures dipped on Thursday after Cisco’s disappointing forecast, while investors fretted about rising U.S. Treasury yields and looming trade talks between the United States and China.
Volkswagen’s biggest brand to by-pass Paris auto show
BERLIN (Reuters) – Volkswagen will not display its core brand at the Paris motor show this year, the latest and most prominent carmaker to swerve the biennial industry gathering.
