Verizon, Straight Path pay $614 million civil penalty to U.S. FCC: statement
WASHINGTON (Reuters) – Verizon Communications Inc and its Straight Path Communications Inc unit paid a $614 million civil penalty as part of a January 2017 settlement with the U.S. Federal Communications Commission, the agency said on Wednesday.
White House expects ‘frank exchange’ on trade with Chinese official: source
WASHINGTON (Reuters) – Top aides to President Donald Trump look to push a tough line on trade in talks on Thursday with an envoy of Chinese President Xi Jinping, with a White House official saying a frank exchange of views was expected.
Spotify files for direct listing of up to $1 billion
(Reuters) – Music streaming service Spotify filed for a direct listing of up to $1 billion with the U.S. Securities and Exchange Commission on Wednesday, becoming the first major company in the recent past to do so.
Mexico concerns about U.S. steel tariffs hang over NAFTA talks
MEXICO CITY (Reuters) – Mexico’s trade minister will discuss the threat of U.S. steel import tariffs with U.S. Commerce Secretary Wilbur Ross on Wednesday, two sources said, adding to trade tensions during the latest push to renegotiate the NAFTA trade…
Strong retail earnings help Wall Street bounce off lows
(Reuters) – U.S. stocks rose from their session lows on Wednesday as gains in online travel company Booking Holdings and retailer TJX helped offset losses in healthcare stocks.
Ackman exits bet against Herbalife, building stake in United Tech: CNBC
(Reuters) – Billionaire investor Bill Ackman’s Pershing Square Capital Management has exited its bet against nutritional supplement maker Herbalife Ltd and has been building a stake in aircraft parts maker United Technologies Corp , the investor told …
Google’s shopping rivals call for action from EU antitrust watchdog
BRUSSELS (Reuters) – Google competitors have called for further action by European Union antitrust regulators to ensure the Alphabet-owned firm treats rivals offering shopping services equally.
At KFC’s UK restaurants, it’s not all gravy
LONDON/LOS ANGELES (Reuters) – Yum Brands Inc said on Wednesday it is offering limited menus at its reopened UK KFC restaurants after a chicken supply snafu with a new delivery firm, but now there is a gravy shortage.
Surge in imports helps curb U.S. fourth-quarter economic growth
WASHINGTON (Reuters) – U.S. economic growth slowed slightly more than initially thought in the fourth quarter after the strongest pace of consumer spending in three years depleted inventories and drew in imports as businesses struggled to produce enoug…
Ackman’s Pershing Square building stake in United Tech: CNBC
(Reuters) – Billionaire investor Bill Ackman’s Pershing Square is building a stake in U.S. manufacturer United Technologies Corp , CNBC reported on Wednesday, citing Ackman.
