Trump asks for probe into imports of foreign-made steel: officials
WASHINGTON (Reuters) – U.S. President Donald Trump on Thursday will sign a directive asking for a speedy probe into whether imports of foreign-made steel are hurting U.S. national security, two administration officials said on Wednesday.
Back to basics: global investment banks beef up transaction business in Asia
HONG KONG (Reuters) – With dealmaking in Asia sluggish and Chinese investment banks taking market share from global rivals, some foreign banks are ploughing resources into transaction banking, the workaday business of financing trade, managing cash and…
Honda says U.S. driver seriously injured in Takata inflator rupture
WASHINGTON (Reuters) – Honda Motor Co Ltd said on Wednesday a driver of a 2002 Accord was seriously injured after a faulty Takata air bag inflator ruptured during a March 3 crash in Las Vegas, Nevada.
U.S. House banking chairman unveils Dodd-Frank replacement
WASHINGTON (Reuters) – The head of the U.S. House of Representatives’ banking panel has unveiled the Republicans’ most ambitious plan so far to loosen financial regulations, a 600-page bill to replace the Dodd-Frank financial reform law.
United Airlines says it will testify at House hearing
WASHINGTON/NEW YORK (Reuters) – United Airlines said on Wednesday it planned to testify at an upcoming U.S. House Transportation Committee hearing on commercial airline consumer issues after a passenger was dragged off an April 9 flight in Chicago to …
Chipmaker Qualcomm’s revenue falls 9.6 percent
(Reuters) – Qualcomm Inc , the largest maker of chips used in smartphones, reported 9.6 percent fall in quarterly revenue, hurt by an arbitration decision to pay Canada’s BlackBerry Ltd for previously received royalties.
EBay’s second-quarter profit forecast falls short of estimates
(Reuters) – EBay Inc on Wednesday forecast second-quarter profit that fell short of analysts’ estimates, as it spends heavily on revamping and marketing its e-commerce platform amid stiff competition from much larger rival Amazon.com Inc .
AmEx profit beats as higher spending blunts partnership losses
(Reuters) – American Express Co’s first-quarter profit fell less than expected as its card members spent more and the company expressed more confidence over its full-year results, amid fierce competition in the industry.
Former U.S. deputy attorney general to be named Volkswagen monitor: source
WASHINGTON (Reuters) – The U.S. Justice Department is expected to name a deputy attorney general under former President George W. Bush to serve as independent monitor of Volkswagen AG under a plea agreement over its diesel emissions scandal, a source …
U.S. soda sales drops for 12th straight year: trade publication
(Reuters) – Sales of soda drinks decreased about 1.2 percent in the United States in 2016, falling for the 12th year in a row, a report by trade publication Beverage Digest showed, as demand was hit by consumer choosing healthier options and a slew of …
