GM president says near resolution for South Korea unit, union accepts wage deal
SEOUL (Reuters) – General Motors Co’s president said on Thursday that it was very close to a resolution to fix its ailing South Korean unit, as its South Korean union accepted a wage deal.
Qualcomm easing licensing terms in bid to strike deals
SAN FRANCISCO (Reuters) – Qualcomm Inc’s earnings call on Wednesday showed just how far the company is willing to go to preserve one of its core business practices of taking a cut of the selling price of phones.
GM president says close to resolution to fix its South Korean unit
SEOUL (Reuters) – General Motors Co’s president said on Thursday that it was very close to a resolution to fix its ailing South Korean unit.
Asia stocks rise as U.S. earnings prop up Wall Street, dollar solid
TOKYO (Reuters) – Asian stocks rose on Thursday as robust corporate earnings helped Wall Street quell concerns about the surge in U.S. bond yields, while the dollar hovered near 3-1/2-month highs against a basket of currencies.
Canada sees progress on NAFTA auto rules; steel tariffs loom
WASHINGTON (Reuters) – Canadian Foreign Minister Chrystia Freeland said on Wednesday that good progress has been made at the NAFTA trade talks on the key issue of auto rules, though the threat of proposed U.S. steel and aluminum tariffs coming into for…
Asia stocks edge up as U.S. earnings prop up Wall St, dollar solid
TOKYO (Reuters) – Asian stocks edged up on Thursday as robust corporate earnings helped Wall Street quell concerns over a surge in U.S. bond yields, while the dollar hovered near three-month highs against a basket of currencies.
Qualcomm chip sales indicate some smartphone strength
(Reuters) – U.S. chipmaker Qualcomm Inc’s quarterly profit and revenue topped Wall Street forecasts, suggesting that a slowdown in the global smartphone business might be less severe than feared after a string of weak forecasts from suppliers.
Barclays and Paypal announce tie-up as banks mull big tech threat
LONDON (Reuters) – British bank Barclays and digital payments firm PayPal have announced a partnership that will see them explore ways to combine their services for customers, Barclays said on Thursday.
Ford accelerates cost-cutting plan, will drop most U.S. sedans
DETROIT (Reuters) – Ford Motor Co on Wednesday outlined a plan to cut costs and boost profit margins at a faster pace than previously announced, which includes dropping traditional sedan models in North America that have become increasingly unpopular …
Steven Cohen’s Point72 is sued over use of California money manager’s name
(Reuters) – Billionaire Steven A. Cohen’s hedge fund firm was sued on Wednesday by a San Francisco money manager seeking to stop it from using its name on a new investing project.
