U.S. expects talks with China as trade fight escalates
WASHINGTON/BEIJING (Reuters) – The United States voiced willingness on Wednesday to negotiate a resolution to an escalating trade fight with China after Beijing retaliated against proposed U.S. tariffs on $50 billion in Chinese goods by targeting key A…
J.M. Smucker to buy Ainsworth Pet Nutrition for $1.7 billion
(Reuters) – J. M. Smucker Co said on Wednesday it would acquire pet food and pet snacks maker Ainsworth Pet Nutrition in an all-cash transaction for about $1.7 billion to strengthen its pet food portfolio in an fast-growing pet food market.
Spotify shares attract all ages, not just Millennials
NEW YORK (Reuters) – The buzzy debut of Spotify Technology SA on the New York Stock Exchange on Tuesday drew retail investors across generations, not just the Millennials who make up the largest proportion of the music streaming service’s customer bas…
U.S.-China trade war could hit German automakers, plus Tesla, Ford
(Reuters) – Escalating trade tensions between the United States and China may dent production of German luxury SUVs made in the U.S. South and sent to China, with exports from electric vehicle maker Tesla Inc and Ford Motor Co also vulnerable.
Wall Street closes higher as China tariff fears ease
NEW YORK (Reuters) – Wall Street’s three major indexes staged a comeback to close around 1 percent higher on Wednesday as investors turned their focus to earnings and away from a trade conflict between the United States and China that wreaked havoc in …
Massachusetts can sue Equifax over data breach, judge rules
BOSTON (Reuters) – Massachusetts can move forward with a lawsuit accusing credit reporting firm Equifax Inc of failing to safeguard its databases or provide prompt notice of a breach that exposed the personal data of 147 million people, a state court j…
Peering over the cliff: U.S. equity market fragility in six charts
(Reuters) – As equity markets show increasing fragility, investors are looking for any sign that selling pressure will wane. Some of those markers could be found in the charts favored by technical analysts – although they suggest investors still face considerable risk.
Facebook says data leak hits 87 million users, widening privacy scandal
SAN FRANCISCO (Reuters) – Facebook Inc said on Wednesday the personal information of up to 87 million users, mostly in the United States, may have been improperly shared with political consultancy Cambridge Analytica, up from a previous news media esti…
Facebook says Cambridge Analytica may have had data on 87 million people
SAN FRANCISCO (Reuters) – Facebook Inc said on Wednesday that the personal information of up to 87 million users may have been improperly shared with political consultancy Cambridge Analytica, up from a previous news media estimate of more than 50 mil…
Starboard pushes ahead with proxy fight at Newell Brands
BOSTON (Reuters) – Activist hedge fund Starboard Value LP plans to press ahead with a proxy fight at consumer products group Newell Brands Inc , saying more work is needed to repair the company even after rival activist Carl Icahn won board seats last …
