Trump set for China tariff announcement on Thursday, trade war fears grow
WASHINGTON (Reuters) – President Donald Trump will announce tariffs on Chinese imports on Thursday, a White House official said, in a move aimed at curbing theft of U.S. technology and likely to trigger retaliation from Beijing and stoke fears of a glo…
Fed lifts rates, signals tougher stance as economy strengthens
WASHINGTON (Reuters) – The U.S. Federal Reserve raised interest rates on Wednesday and forecast at least two more hikes for 2018, highlighting its growing confidence that tax cuts and government spending will boost the economy and inflation and spur mo…
Zuckerberg says Facebook made mistakes on user data, vows curbs
SAN FRANCISCO (Reuters) – Facebook Inc Chief Executive Mark Zuckerberg said on Wednesday that his company made mistakes in how it handled data belonging to 50 million of its users and promised tougher steps to restrict developers’ access to such inform…
Reckitt Benckiser pulls out of Pfizer consumer health auction
(Reuters) – British consumer goods maker Reckitt Benckiser Group said on Wednesday it had ended discussions with Pfizer Inc over buying its consumer healthcare business, a day before the U.S. drug company was expecting binding offers for the unit.
Meredith plans to cut about 1,200 jobs, sell some Time publications
(Reuters) – U.S. media company Meredith Corp , which completed the acquisition of Time Inc in January, said on Wednesday it has cut around 200 jobs and plans to lay off 1,000 more over the next 10 months.
United CEO acknowledges airline’s mistake in puppy’s death
CHICAGO (Reuters) – The head of United Airlines acknowledged on Wednesday that the carrier had made a mistake last week when a French bulldog puppy died on a United flight after a cabin attendant forced the dog’s owner to stow it in an overhead bin.
Stocks end modestly lower after Fed hikes rates; energy up
NEW YORK (Reuters) – U.S. stocks ended slightly lower on Wednesday, with major indexes giving up gains in choppy trade after the Federal Reserve raised U.S. interest rates, while a strong gain in the energy space helped limit losses.
Deere & Co fears hit from Trump tariffs, retaliation: CEO
GRANADERO BAIGORRIA, Argentina (Reuters) – U.S. tractor maker Deere & Co is bracing for a negative financial impact from U.S. tariffs on steel imports and worries that retaliatory tariffs on American agricultural exports could follow, Chief Executive Samuel Allen told Reuters in an interview on Wednesday.
Zuckerberg says Facebook ‘made mistakes’ on Cambridge Analytica
SAN FRANCISCO (Reuters) – Facebook Inc Chief Executive Mark Zuckerberg said on Wednesday that the social media company made mistakes that allowed data about users to end up with the analytics firm Cambridge Analytica and said the company would make ch…
Stocks higher after Fed hikes rates; energy, Facebook up
NEW YORK (Reuters) – U.S. stocks rose on Wednesday, building on earlier gains after the U.S. Federal Reserve raised interest rates as expected and a recovery on Facebook shares.
