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U.S. regulator permits China's ZTE to submit more evidence

Sat, 21 Apr 2018 12:03:33 -0400

NEW YORK (Reuters) - The U.S. Commerce Department has granted ZTE Corp's request to submit more evidence after the agency banned American companies from selling to the Chinese technology firm, a senior Commerce official said on Saturday.(image)

Trump's next $100 billion tariff dilemma: hit Wal-Mart or Apple Store?

Fri, 20 Apr 2018 22:39:56 -0400

WASHINGTON (Reuters) - U.S. consumers may be about to directly feel the effects of the trade fight started by U.S. President Trump with China and other countries this year when a new list of Chinese imports to be taxed is announced in coming days.(image)

Trade tensions set for brighter U.S. corporate spotlight

Fri, 20 Apr 2018 19:46:25 -0400

NEW YORK (Reuters) - The potential for an intensifying trade dispute to undercut the U.S. stock market could become clearer next week when a host of multinational companies reports quarterly results that may provide a glimpse into the impact of those global tensions.(image)

U.S. sanctions on Vekselberg have $1.5-$2 billion assets frozen: sources

Sat, 21 Apr 2018 09:09:01 -0400

ZURICH/MOSCOW - Assets totaling between $1.5 billion and $2 billion have been frozen as a result of sanctions imposed on Russian oligarch Viktor Vekselberg and his Renova Group conglomerate, two sources close to the matter told Reuters on Saturday.(image)

Apple offers battery replacement for some MacBooks after flaws reported

Fri, 20 Apr 2018 22:17:27 -0400

(Reuters) - Apple Inc on Friday said component failure in a limited number of MacBook Pros has caused built-in battery to expand, adding, it will offer worldwide free replacement for such batteries.(image)

Telecom standards group puts new technology on hold in wake of U.S. probe

Sat, 21 Apr 2018 10:06:43 -0400

WASHINGTON (Reuters) - A telecommunications standards organization - GSMA - said on Saturday it is delaying implementation of a new cellphone technology due to a U.S. government probe of alleged coordination between the group, AT&T Inc and Verizon Communications Inc to hinder consumers from easily switching wireless carriers.(image)

A U.S. recession ahead? Fed policymakers say not to worry

Fri, 20 Apr 2018 17:53:36 -0400

CHICAGO/SAN FRANCISCO (Reuters) - As the gap between short- and long-term borrowing costs hovers near its lowest in more than 10 years, speculation has risen over whether the so-called yield curve is signaling that a recession could be around the corner.(image)

U.S. banks push mortgage apps as home lending slows

Fri, 20 Apr 2018 15:35:57 -0400

NEW YORK (Reuters) - Big U.S. banks are racing to launch websites and mobile apps to make getting a mortgage faster and easier, investments that may have modest near-term payoffs as home lending activity slows.(image)

Ford tells WPP it will take bids from other ad agencies

Sat, 21 Apr 2018 08:26:23 -0400

LONDON (Reuters) - Ford Motor Company said on Saturday it will take bids on some of its advertising managed by WPP , adding to uncertainty around the British ad giant after last week's exit of founder Martin Sorrell.(image)

Multiple 'No' votes at Deutsche Bank's April 8 meet to change CEO - sources

Sat, 21 Apr 2018 07:59:53 -0400

FRANKFURT (Reuters) - Multiple supervisory board members cast dissenting votes at a meeting that reshuffled top management at Deutsche Bank earlier this month, according to several people with knowledge of the matter.(image)