As Congress moves to drop tariffs, some U.S. firms cry foul
NAPLES, Fla. (Reuters) – Michael Korchmar was hiring. His family-owned travel-goods company was planning to make a new product, an insulated food bag, and he had put out help-wanted notices for up to 30 workers to run the sewing machines in his small factory on Florida’s Gulf Coast.
S&P, Dow futures lower as trade war fears dominate
(Reuters) – S&P 500 and Dow Jones Industrials futures pointed to a lower opening for Wall Street on Monday, tracking broad losses on world markets due to worries over Italy and concerns that President Donald Trump has launched a global trade war.
Special Report: Fidelity puts 6 million savers on risky path to retirement
BOSTON (Reuters) – For three years, the mutual funds in Fidelity’s flagship retirement franchise have outperformed at least 85 percent of their competitors, reversing a decade-long trend of subpar performance.
AXA buys Bermuda-based XL for $15 billion in latest insurance mega-deal
PARIS (Reuters) – France’s AXA moved to buy Bermuda-based XL Group for $15.3 billion on Monday to create what it said would be a world leader in property and casualty insurance.
Trump auto tax threat hits BMW, Daimler
LONDON (Reuters) – Investors sold shares in BMW and Daimler on Monday after President Donald Trump said the U.S. may tax imports of European cars if the EU retaliates against his plan to impose tariffs on aluminium and steel.
Missed warnings: How watchdogs failed to spot $2 billion Indian bank fraud
By Krishna N. Das, Suvashree Choudhury, Devidutta Tripathy and Tom Lasseter
U.S. security panel orders delay of Broadcom-Qualcomm showdown
(Reuters) – A U.S. national security panel on Sunday ordered Qualcomm Inc to put off its March 6 annual shareholder meeting, delaying a long awaited showdown in the company’s attempt to see off a takeover bid by Broadcom Ltd .
VW examines trucks structure ahead of possible IPO: source
GENEVA (Reuters) – Volkswagen managers discussed changing the corporate structure of its trucks business last week, a step needed for an eventual separate listing, a source close to the company said.
Qualcomm asked U.S. security panel to delay shareholder meeting: Broadcom
(Reuters) – Broadcom Ltd said on Monday Qualcomm Inc secretly requested an U.S. national security panel on Jan. 29 to start an investigation into its proposed $117 billion buyout offer, leading to a delay in Qualcomm’s March 6 shareholder meeting.
China keeps growth target at 6.5 percent, stays focused on financial risks
BEIJING (Reuters) – China aims to expand its economy by around 6.5 percent this year, the same as in 2017, while pressing ahead with its campaign to reduce risks in the financial system, Premier Li Keqiang said Monday.
