Apple and Nokia see deeper partnership after ending patent dispute
HELSINKI (Reuters) – Apple has settled a patent dispute with Finnish telecom equipment maker Nokia and agreed to buy more of its network products and services, sending Nokia shares up 7 percent.
Exclusive: U.S., Japanese firms collaborating on new missile defense radars – sources
TOKYO (Reuters) – Raytheon Co and Lockheed Martin Corp are working with Japanese partners on rival projects to develop new radars that will enhance Japan’s shield against any North Korean missile strike, government and defense industry sources in Toky…
Trump seeks to slash $3.6 trillion of spending in austere budget
WASHINGTON (Reuters) – U.S. President Donald Trump asked lawmakers on Tuesday to cut $3.6 trillion in government spending over the next decade, taking aim at healthcare and food assistance programs for the poor in an austere budget that also boosts the…
Buoyant data bolsters euro rally, shares climb
LONDON (Reuters) – The euro set a new six-month month high on Tuesday and the region’s shares made gains as the latest economic data made for some encouraging reading, especially in Germany.
Pound sags vs yen after Manchester blast, euro at six-month highs
TOKYO (Reuters) – The pound slipped against the yen after a suspected terrorist attack at a concert in Britain’s city of Manchester, while the euro hovered near a six-month high against the dollar on Tuesday after German Chancellor Angela Merkel said t…
Oil prices fall as White House proposes U.S. oil reserve sales
SINGAPORE (Reuters) – Oil prices fell on Tuesday after U.S. President Donald Trump proposed the sale of half the country’s strategic oil reserves, even as producer club OPEC and its allies cut output to tighten the market.
Volkswagen CEO says enforcing culture change poses challenges
HANOVER, Germany (Reuters) – Volkswagen’s top executive said some managers are resisting the German carmaker’s push for a new era of accountability after its emissions fraud, suggesting it could still take years to establish a new corporate culture.
Exclusive: North American carmakers want rules of origin in NAFTA left untouched – Mexico lobby
MEXICO CITY (Reuters) – The auto industries of the United States, Canada and Mexico agree there should be no changes to rules of origin in the North American Free Trade Agreement (NAFTA), the president of the Mexican automakers’ association said on Mon…
Boeing wins $1.09 billion U.S. defense contract: Pentagon
WASHINGTON (Reuters) – Boeing Co was awarded a $1.09 billion undefinitized modification to a previously awarded contract for the procurement of Redesigned Kill Vehicle development, the Pentagon said in a statement on Monday.
U.S. top court tightens patent suit rules in blow to ‘patent trolls’
WASHINGTON (Reuters) – The U.S. Supreme Court on Monday tightened rules for where patent lawsuits can be filed in a decision that may make it harder for so-called patent “trolls” to launch sometimes dodgy patent cases in friendly courts, a major irrita…
