White House says it sees a path to approval of Pacific trade deal
WASHINGTON (Reuters) – The White House said on Monday it could still win congressional approval of the Trans-Pacific Partnership trade pact before President Barack Obama leaves office, and warned that failing to do so would undermine U.S. leadership in…
Chinese-owned Zhongwang USA enters U.S. aluminum market with Aleris buy
NEW YORK (Reuters) – Zhongwang USA LLC, backed by Chinese aluminum magnate Liu Zhongtian, said on Monday it would buy U.S. aluminum company Aleris Corp in a bet by the billionaire that the nascent U.S. automotive aluminum sector will be the industry’s …
Truck carrying Takata air bag inflators explodes in U.S., killing one
(Reuters) – A truck that was transporting Takata Corp air bag inflators and propellant material at the center of a global recall exploded in Texas last week, killing one woman and injuring four other people, the auto parts supplier said on Monday.
U.S. appeals court dismisses AT&T data throttling lawsuit
WASHINGTON (Reuters) – A federal appeals court in California on Monday dismissed a U.S. government lawsuit that accused AT&T Inc of deception for reducing internet speeds for customers with unlimited mobile data plans once their use exceeded certain levels.
Facebook CEO says group will not become a media company
ROME (Reuters) – Facebook Inc. will not become a media company, its founder and CEO Mark Zuckerberg said on Monday, telling students the firm would remain a technology platform.
HSBC executive pleads not guilty in U.S. over forex scheme
NEW YORK (Reuters) – A senior HSBC Holdings Plc executive pleaded not guilty on Monday to charges that he participated in a fraudulent scheme to front-run a $3.5 billion currency transaction by one of the bank’s clients.
Former LA Dodgers owner McCourt to buy Marseille
PARIS (Reuters) – Frank McCourt, former owner of the Los Angeles Dodgers baseball team, said on Monday he had entered exclusive negotiations to buy Olympique de Marseille and vowed to restore the club to their former glories.
Mylan to launch generic EpiPen at half the price of original
(Reuters) – Mylan NV said it would launch the first generic version of its allergy auto-injector EpiPen for $300, half the price of the branded product, the drugmaker’s second step in less than a week to counter the backlash over the product’s steep p…
Apple is sued over unresponsive iPhone 6 touchscreens
(Reuters) – Apple Inc has been sued by owners of iPhone 6 and iPhone 6 Plus smartphones who say a design defect causes the phones’ touchscreens to become unresponsive, making them unusable.
Oil down nearly 2 percent on surging OPEC output, strong dollar
NEW YORK (Reuters) – Oil prices fell nearly 2 percent on Monday, snapping two consecutive days of gains, on caution over galloping Middle East crude output and a stronger dollar boosted by speculation of a U.S. rate hike by the year-end.
