LG Display says 2016 profit $1.1 billion, down 19 percent on year
SEOUL (Reuters) – South Korea’s LG Display Co Ltd said on Tuesday its 2016 operating profit fell 19 percent from a year earlier.
Wall Street dips on Trump protectionism, Qualcomm drag
NEW YORK (Reuters) – U.S. stocks edged lower on Monday as early moves by President Donald Trump highlighting a protectionist stance on trade gave investors cause to rethink the post-election rally.
Trump to meet with U.S. auto CEOs amid jobs push
WASHINGTON (Reuters) – U.S. President Donald Trump will have breakfast on Tuesday with the chief executives of General Motors Co , Ford Motor Co and Fiat Chrysler Automobiles NV as he pressures automakers to boost American employment.
U.S. SEC says shipowner OSG, former CFO, charged over tax evasion
WASHINGTON (Reuters) – The U.S. Securities and Exchange Commission said it charged on Monday shipping conglomerate Overseas Shipholding Group (OSG) and its former chief financial officer Myles Itkin with failing to recognize some $512 million in tax li…
FTC settles pay-for-delay lawsuit, files two related complaints
WASHINGTON (Reuters) – The U.S. Federal Trade Commission said on Monday it had settled allegations that Endo Pharmaceuticals violated antitrust law when it agreed to pay rivals Watson Laboratories and Impax to delay introducing generic versions of two…
McDonald’s U.S. restaurant sales fall after five quarters of gains
(Reuters) – McDonald’s Corp’s sales at established U.S. restaurants fell for the first time in six quarters as the novelty of all-day breakfast failed to overcome competition from supermarkets and other food sellers.
U.S. auto parts sellers skid after report on Amazon’s entry
(Reuters) – Shares of U.S. auto part retailers fell sharply on Monday following a report that Amazon.com Inc had set its sights on the $50 billion do-it-yourself after-market auto parts business.
Supermarket chain Kroger to fill 10,000 permanent positions
(Reuters) – Supermarket operator Kroger Co said on Monday it would fill 10,000 positions this year, joining a list of companies that have publicized routine hiring plans as President Donald Trump puts pressure on companies to employ more U.S. workers.
Fed’s Lacker favors faster rate hike path to curb inflation
(Reuters) – Jeffrey Lacker, the hawkish president of the Federal Reserve Bank of Richmond, said on Monday he is worried inflation could surge unless the U.S. central bank raises interest rates faster than his fellow policymakers anticipate.
Trump signs order withdrawing U.S. from Trans-Pacific trade deal
WASHINGTON (Reuters) – President Donald Trump signed an executive order formally withdrawing the United States from the 12-nation Trans-Pacific Partnership trade deal on Monday, following through on a promise from his campaign last year.
