Wall Street suffers biggest drop in six weeks on China tariffs
NEW YORK (Reuters) – U.S. stocks dropped on Thursday, with each of the major Wall Street indexes suffering its biggest one-day percentage drop in six weeks, on the heels of an action by President Donald Trump to impose tariffs on up to $60 billion of C…
Trump edges closer to China tariffs, appears to avert trade war
WASHINGTON (Reuters) – U.S. President Donald Trump signed a presidential memorandum on Thursday that could impose tariffs on up to $60 billion of imports from China, although his action was far removed from threats that could have ignited a global trad…
Trump sets China tariff plan, edges away from global trade war
WASHINGTON (Reuters) – U.S. President Donald Trump signed a presidential memorandum on Thursday that could impose tariffs on up to $60 billion of imports from China, although his action was far removed from threats that could have ignited a global trad…
Chipotle wins dismissal of investor lawsuit over foodborne illness
NEW YORK (Reuters) – Chipotle Mexican Grill Inc on Thursday won the dismissal of an investor lawsuit claiming it concealed food safety risks, causing its stock to drop after widely publicized outbreaks of foodborne illnesses in 2014 and 2015.
Stocks drop after Trump tariff action, but off lows
(Reuters) – U.S. stocks dropped on Thursday but managed to recover from earlier lows in the wake of an action by President Donald Trump to impose tariffs on up to $60 billion of Chinese imports.
Goldman Sachs CEO says sovereign balance sheets look risky
BOSTON (Reuters) – Goldman Sachs Group Inc Chief Executive Lloyd Blankfein said on Thursday sovereign country balance sheets look risky to him as deficits become a larger percentage of their gross domestic product.
Ackman exits Nike stake with $100 million in profit: source
(Reuters) – Investor William Ackman has stepped out of his Nike sneakers, at least in a financial sense.
U.S. Justice Department urges judge to block AT&T-Time Warner merger
WASHINGTON (Reuters) – The U.S. Justice Department squared off on Thursday with AT&T Inc in a long anticipated trial, as the two sides disputed whether AT&T’s $85 billion purchase of Time Warner Inc would be good for consumers or an expensive drag on innovation.
Investors, lawmakers, advertisers pressure Facebook over data
WASHINGTON/LONDON (Reuters) – Facebook Inc came under further pressure from lawmakers, investors, advertisers and users on Thursday, the day after Chief Executive Mark Zuckerberg admitted the social media network made mistakes in letting 50 million use…
U.S. carmaker Ford, India’s Mahindra to develop SUVs, electric vehicle
NEW DELHI (Reuters) – U.S. carmaker Ford Motor Co and India’s Mahindra & Mahindra said on Thursday they have signed an agreement to develop midsize and compact sports utility vehicles (SUV) and an electric vehicle, which Ford could also potentially sell in other markets outside India.
