Exclusive: China’s ZTE expected to plead guilty over Iran sales – source
NEW YORK (Reuters) – Chinese telecom equipment maker ZTE Corp is nearing an agreement to plead guilty to U.S. criminal charges and pay hundreds of millions of dollars in penalties over allegations it violated U.S. laws that restrict sale of U.S. techn…
Price war triggers Kroger’s first same-store sales drop in 13 years
(Reuters) – Supermarket operator Kroger Co surprised analysts with its first quarterly same-store sales decline in 13 years, as competition intensified in the U.S. grocery industry, sending its shares down as much as 5.6 percent on Thursday.
Forex brokers eye U.S. market as Trump vows to deregulate
NEW YORK (Reuters) – Retail currency brokers are considering operating in the United States after a nearly seven-year absence, if President Donald Trump is able to carry through on his pledge to deregulate financial markets.
Companies back transgender rights in Supreme Court fight
A coalition of 53 companies on Thursday backed transgender rights at the U.S. Supreme Court, signing on to a brief supporting a Virginia student who is fighting to use the school bathroom that corresponds with his gender identity.
Germany, U.S. have mutual interest in reducing trade barriers: German EconMin
BERLIN (Reuters) – German Economy Minister Brigitte Zypries has written to U.S. Secretary of Commerce Wilbur Ross stressing that it would be in both countries’ interests to minimize the barriers to trade between them.
Peak gasoline demand looms with engine efficiency gains
LONDON (Reuters) – Demand for gasoline in the United States, which accounts for a tenth of global oil consumption, is expected to peak next year as engines become more efficient, WoodMackenzie analysts said.
U.S. jobless claims near 44-year low; rate hike expected this month
WASHINGTON (Reuters) – The number of Americans filing for unemployment benefits fell to near a 44-year low last week, pointing to further tightening of the labor market even as economic growth appears to have remained moderate in the first quarter.
Exclusive: EU markets watchdog looks to stop unfair Brexit sweeteners
LONDON (Reuters) – The European Union’s market watchdog is investigating ways to stop national regulators competing unfairly with each other as they try to attract firms from Britain after Brexit in a beauty parade of financial centers.
Abercrombie’s Hollister posts surprise comparable sales growth
(Reuters) – Abercrombie & Fitch Co’s Hollister posted its first quarterly comparable sales rise in a year, suggesting the U.S. teen apparel retailer’s efforts to turn around its biggest brand were paying off.
Electrolux buys U.S. coffee machine maker Grindmaster-Cecilware for $108 million
STOCKHOLM (Reuters) – Swedish home appliance maker Electrolux said on Thursday it was buying U.S. firm Grindmaster-Cecilware, a maker of coffee machines and beverage dispensers, for $108 million in cash.
