China’s premier hopes trade war can be averted, pledges more open economy
BEIJING (Reuters) – Voicing hopes that Beijing and the United States could avoid a trade war, Premier Li Keqiang told the close of the annual parliament session that China would open its economy further, so that foreign and Chinese firms can compete on…
German prosecutors launch new enquiry into VW over market manipulation: magazine
BERLIN (Reuters) – State prosecutors in Germany have started fresh enquiries into suspicions of market manipulation at Volkswagen as part of the diesel emission scandal, German magazine WirtschaftsWoche cited a spokesman for the investigators as saying…
Shares on defensive as Facebook data flap spooks tech stocks
TOKYO (Reuters) – Asian shares were on the defensive on Tuesday after investors took profits in high-flying U.S. technology shares on fears of stiffer regulation, as Facebook came under fire following reports it allowed improper access to user data.
U.S. SEC says court should deny Rio Tinto’s push to dismiss fraud charges
NEW YORK/MELBOURNE (Reuters) – The U.S. securities regulator said on Monday that a U.S. court should deny a bid by Rio Tinto Plc and two former top executives to have civil fraud charges over a failed African coal project dismissed.
China’s premier pledges further market opening as talk of trade war mounts
BEIJING (Reuters) – China will open up its economy further, and its door to the outside will only get wider, with foreign and domestic firms allowed to compete on an equal footing, Premier Li Keqiang said at the close the country’s annual parliament se…
Apple grabs two-year lead in 3D sensing race
(Reuters) – Most Android phones will have to wait until 2019 to duplicate the 3D sensing feature behind Apple’s Face ID security, three major parts producers have told Reuters, handicapping Samsung and others on a technology that is set to be worth billions in revenue over the next few years.
From Wall Street to weed: How the financial crisis lit up the pot industry
NEW YORK (Reuters) – As a senior vice president at Wachovia and then Morgan Stanley during the dark months of the 2008 and 2009 financial crisis, Derek Peterson watched as colleagues lost their jobs and life savings and wondered if he was next.
Weinstein Co files for bankruptcy, ends all non-disclosure agreements
NEW YORK/CHICAGO (Reuters) – U.S. film and TV studio The Weinstein Company, whose ex-Chairman Harvey Weinstein has been accused of sexual harassment and assault, filed for bankruptcy on Monday and said it was ending all non-disclosure agreements that m…
Movie studio MGM to replace CEO Gary Barber
(Reuters) – U.S. movie studio Metro Goldwyn Mayer will replace its chief executive, Gary Barber, five months after extending his contract for five years and has begun a search for a new CEO, MGM Holdings Inc said on Monday.
The Weinstein Company files for bankruptcy
NEW YORK (Reuters) – U.S. film and TV studio The Weinstein Company, whose ex-Chairman Harvey Weinstein has been accused of sexual harassment and assault, said on Monday it filed for bankruptcy with an offer from with an affiliate of private equity firm…
