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Exclusive: U.S. toughens stance on foreign deals in blow to China's buying spree

Fri, 21 Jul 2017 04:17:21 -0400

(Reuters) - A secretive U.S. government panel has objected to at least nine acquisitions of U.S. companies by foreign buyers so far this year, people familiar with the matter said, a historically high number that bodes poorly for China's overseas buying spree.(image)

Exxon sues U.S. over fine levied for Russia deal under Tillerson

Fri, 21 Jul 2017 04:23:25 -0400

WASHINGTON/HOUSTON (Reuters) - Exxon Mobil Corp sued the U.S. government on Thursday, blasting as "unlawful" and "capricious" a $2 million fine levied against it for a three-year-old oil joint venture with Russia's Rosneft.(image)

Trump's legal team spokesman resigns amid reported shake-up

Fri, 21 Jul 2017 07:59:02 -0400

WASHINGTON (Reuters) - U.S. President Donald Trump's outside legal team spokesman has resigned amid media reports the team is being reorganized as investigations continue into alleged Russian meddling in the U.S. election and possible collusion with Trump's campaign.(image)

GE profit falls 59 percent; cash flow up in quarter

Fri, 21 Jul 2017 08:48:27 -0400

(Reuters) - General Electric Co's profit fell nearly 60 percent in the second quarter, largely due to the sale of its appliances business, but cash flow rose, sales topped expectations and its shares were slightly lower.(image)

Senate Republicans complain of chaos in healthcare effort

Thu, 20 Jul 2017 18:37:55 -0400

WASHINGTON (Reuters) - U.S. Senate Republicans, scolded by President Donald Trump for failing to overturn Obamacare, tried to salvage their seven-year effort for a new healthcare law on Thursday, but leading senators indicated frustration over shifting goal posts.(image)

U.S. general says allies worry Russian war game may be 'Trojan horse'

Fri, 21 Jul 2017 08:22:18 -0400

BERLIN (Reuters) - U.S. allies in eastern Europe and Ukraine are worried that Russia's planned war games in September could be a "Trojan horse" aimed at leaving behind military equipment brought into Belarus, the U.S. Army's top general in Europe said on Thursday.(image)

'Let's get the hell out of here' - quake off Greece and Turkey kills two

Fri, 21 Jul 2017 08:37:04 -0400

KOS, Greece/ANKARA (Reuters) - A powerful earthquake killed two people on the Greek holiday island of Kos in the early hours of Friday, sending tourists fleeing into the streets, and causing disruption in the nearby Turkish tourist hub of Bodrum.(image)

Philippines' Duterte says will never visit 'lousy' United States

Fri, 21 Jul 2017 07:51:53 -0400

MANILA (Reuters) - Philippine President Rodrigo Duterte hit back on Friday at U.S. lawmakers opposed to the prospect of his visiting the White House, saying he would never go to the United States, which he called a "lousy" country.(image)

FTC probing allegations of Amazon's deceptive discounting

Fri, 21 Jul 2017 05:37:15 -0400

WASHINGTON (Reuters) - As part of its review of Amazon's agreement to buy Whole Foods, the Federal Trade Commission is looking into allegations that Amazon misleads customers about its pricing discounts, according to a source close to the probe.(image)

UK sidelined as Europe looks beyond Brexit in aerospace

Fri, 21 Jul 2017 07:08:57 -0400

PARIS (Reuters) - Britain risks losing clout in the aerospace industry, one of its largest skilled employers, due to concerns over its departure from the European Union, a corporate overhaul at Airbus and a new Franco-German push on defense, industry insiders say.(image)