China commerce ministry says Beijing will fight back if U.S. escalates trade spat
BEIJING (Reuters) – China will not hesitate to fight back if the United States escalates its trade spat with Beijing, the commerce ministry said on Thursday, asserting that Chinese President Xi Jinping’s pledge to cut import tariffs is not a concession…
JP Morgan’s Dimon says U.S. economy still looks ‘pretty good’
BOSTON (Reuters) – JPMorgan Chase Chief Executive Jamie Dimon said on Wednesday the U.S. economy still looked “pretty good” and that there was no law that says growth cannot continue.
Key Safety Systems completes deal to acquire air-bag maker Takata
TOKYO (Reuters) – Auto components maker Key Safety Systems completed on Wednesday a $1.6 billion deal to acquire air-bag maker Takata Corp, whose faulty inflators triggered the auto industry’s biggest recall and have been linked to at least 22 deaths a…
Asian stocks on edge, oil soars on escalating Middle East tensions
TOKYO (Reuters) – Asian stocks came under pressure on Thursday as the threat of imminent U.S. military action in Syria rattled investors and sent oil prices to their highest levels since late 2014 on concerns about supply.
Ford to ramp up Lincoln rollout in China in bid to catch rivals: sources
DETROIT/BEIJING (Reuters) – Ford Motor Co’s premium Lincoln brand plans to build as many as five new vehicles in China by 2022, according to two U.S. sources, in a move to expand sales in the world’s largest vehicle market that would also blunt the i…
Facebook’s Zuckerberg unscathed by congressional grilling, stock rises
WASHINGTON/SAN FRANCISCO (Reuters) – Facebook Inc Chief Executive Mark Zuckerberg fielded 10 hours of questions over two days from nearly 100 U.S. lawmakers and emerged largely unscathed and considerably richer.
Exclusive: Pentagon stops accepting Lockheed F-35 jets over repair cost dispute
WASHINGTON (Reuters) – The U.S. Department of Defense has stopped accepting most deliveries of F-35 jets from Lockheed Martin Corp because of a dispute over who will cover costs for fixing a production error, three people familiar with the matter said…
Barnes & Noble must face renewed data breach lawsuit: U.S. appeals court
(Reuters) – A federal appeals court revived a lawsuit seeking to hold Barnes & Noble Inc responsible for customer losses from a 2012 data breach, where fraudsters tampered with payment verification machines known as PIN pads at 63 bookstores in nine U.S. states.
Zuckerberg tangles with Congress on control of Facebook data
WASHINGTON/SAN FRANCISCO (Reuters) – Facebook Inc Chief Executive Mark Zuckerberg on Wednesday sparred with lawmakers over how much control users of the world’s largest social media network have over their data in a sometimes fractious five-hour hearin…
SoftBank CEO running out of time to clinch Sprint-T-Mobile merger
(Reuters) – SoftBank Group Corp CEO Masayoshi Son faces a closing window of opportunity to merge the Japanese company’s debt-laden U.S. wireless subsidiary Sprint Corp with Deutsche Telekom’s U.S. wireless unit, T-Mobile U.S. Inc.
