World Trade Organization rules in favor of Canada against US
2018-07-05 16:28:20 UTC
GENEVA (Reuters) - Canada won the bulk of a ruling at the World Trade Organization on Thursday in a dispute over U.S. duties on Canadian exports of supercalendered paper, which is used in glossy magazines and catalogues.
Canada filed the compla...
Volkswagen offers carsharing service with electric vehicles
2018-07-04 19:11:31 UTC
FRANKFURT (Reuters) - Volkswagen plans to start offering car sharing services using fully electric vehicles in German cities next year as part of efforts to serve consumers who don’t want to buy their own vehicles.
Its offering will compete in...
Trump’s “tariffs would result in loss of hundreds of thousands of American jobs”
2018-06-27 22:59:23 UTC
WASHINGTON (Reuters) - Two major auto trade groups on Wednesday warned the Trump administration that imposing up to 25 percent tariffs on imported vehicles would cost hundreds of thousands of auto jobs, dramatically hike prices on vehicles and thr...
Harley-Davidson move shows consequences of Trump's trade war
2018-06-27 00:38:30 UTC
WASHINGTON/CHICAGO (Reuters) - U.S. President Donald Trump threatened Harley-Davidson Inc with higher taxes on Tuesday and said the motorcycle maker, which he previously hailed as a model of American manufacturing, would suffer from a public backl...
Tesla to close 14 solar facilities, cut jobs
2018-06-22 04:44:58 UTC
SAN FRANCISCO (Reuters) - Electric car maker Tesla Inc’s move last week to cut 9 percent of its workforce will sharply downsize the residential solar business it bought two years ago in a controversial $2.6 billion deal, according to three interna...
New York sues Trump, three of his children & his foundation
2018-06-15 07:09:12 UTC
NEW YORK (Reuters) - New York’s attorney general sued U.S. President Donald Trump, three of his children and his namesake foundation on Thursday, alleging “persistently illegal conduct” at the nonprofit, including support for Trump’s 2016 presiden...
Canadian province of Quebec offers C$100 million in loans to companies hit by U.S. tariffs
2018-06-11 22:15:23 UTC
MONTREAL (Reuters) - The Canadian province of Quebec will offer C$100 million ($77.1 million) in loans and guarantees on loans to steel and aluminum companies hit by recent U.S. tariffs, the province’s economy minister said on Monday.
EU, Canada, Mexico announce retaliatory measures against US products
2018-06-01 00:35:36 UTC
WASHINGTON/PARIS (Reuters) - Canada and Mexico retaliated against the United State’s decision on Thursday to impose tariffs on steel and aluminum imports and the European Union had its own reprisals ready to go, reigniting investor fears of a glob...
Tesla in 'Autopilot' mode crashes into parked police vehicle
2018-05-29 21:53:47 UTC
WASHINGTON (Reuters) - The driver of a Tesla Inc (TSLA.O) vehicle crashed into an unoccupied, parked police vehicle in Laguna Beach, California, on Tuesday and the driver told investigators the Tesla was in “Autopilot” mode at the time, a police s...
Wall Street stocks: Dow Jones falls nearly 400 points
2018-05-29 21:41:34 UTC
NEW YORK (Reuters) - A spiraling Italian political crisis provoked a global stock market sell-off on Tuesday, cut the euro to a 10-month low and spiked borrowing costs for the government in Rome.
Investors fear that repeat elections - which now...
T-Mobile, operated by Germany's Deutsche Telekom, to buy Sprint for $26 billion
2018-04-29 18:11:58 UTC
T-Mobile agreed to acquire Sprint in an all-stock deal for $26 billion that will combine the third and fourth largest U.S. wireless carriers and is expected to attract regulatory scrutiny.
The agreement caps four years of on- and off- talks bet...
Inside Trump's 'Buy American' drive to expand weapons exports
2018-04-17 17:49:24 UTC
WASHINGTON (Reuters) - In a telephone call with the emir of Kuwait in January, U.S. President Donald Trump pressed the Gulf monarch to move forward on a $10 billion fighter jet deal that had been stalled for more than a year.
Trump was acting o...
Trade Conflict Fears To Keep Markets On Edge
2018-03-30 08:50:53 UTC
BRUSSELS (Reuters) - A full-scale global trade war has not broken out yet - but that hasn’t stopped the market from fretting about one or analysts from warning about the potential cost.
Whether such concerns remain a driving force for asset pri...
California Judge Rules Coffee Sellers Should Post Cancer Warnings
2018-03-30 08:53:52 UTC
LOS ANGELES (AP) — Scientists haven’t rendered a verdict on whether coffee is good or bad for you but a California judge has. He says coffee sellers in the state should have to post cancer warnings.
The culprit is a chemical produced in the bea...
Zuckerberg: We made mistakes allowing Cambridge Analytica to take users' data
2018-03-21 21:56:42 UTC
SAN FRANCISCO (Reuters) - Facebook Inc (FB.O) Chief Executive Mark Zuckerberg said on Wednesday that the social media company made mistakes that allowed data about users to end up with the analytics firm Cambridge Analytica and said the company wo...
Chinese carmaker Geely's profit more than doubled in 2017
2018-03-21 07:58:51 UTC
SHANGHAI (Reuters) - Chinese carmaker Geely Automobile Holdings Ltd, whose chairman recently took a $9 billion stake in Germany’s Daimler AG, said on Wednesday its profits more than doubled in 2017, driven by strong domestic sales of popular SUVs....
US film studio 'The Weinstein Company' filed for bankruptcy
2018-03-20 07:04:02 UTC
NEW YORK (Reuters) - U.S. film and TV studio The Weinstein Company, whose ex-Chairman Harvey Weinstein has been accused of sexual harassment and assault, said on Monday it filed for bankruptcy and was ending all non-disclosure agreements that may ...
Valuable Public Company: Amazon appears to beat Apple
2018-03-08 20:45:23 UTC
SAN FRANCISCO (Reuters) - Apple Inc, the world’s most valuable publicly listed company, is in danger of being beaten by Amazon.com Inc to the $1 trillion mark.
Wall Street’s optimism about last year’s 10th anniversary iPhone had propelled Apple...
German automakers outselling GM in South Korea
2018-03-07 07:22:17 UTC
Mercedes and BMW both sold more cars in South Korea than General Motors for the first time last month, helped by the growing popularity of German premium brands and as consumers shied away from GM after it announced a major restructuring.
BlackBerry sues Facebook, WhatsApp, Instagram over messaging patents
2018-03-06 21:16:34 UTC
BlackBerry filed a patent infringement lawsuit against Facebook and its WhatsApp and Instagram apps, arguing that they copied technology and features from BlackBerry Messenger.
Litigation over patent infringement is part of BlackBerry Chief Ex...
Trump's protectionist measures will hurt US economy
2018-03-04 00:47:34 UTC
WASHINGTON - Trump finally appears poised to make good on his promised threats to slam the door on free trade and erect walls around the country’s economy.
The U.S. President kept up pressure on trading partners, threatening European automaker...
Federal judge dismisses lawsuit against Coca-Cola's Diet Coke "weight loss" ads
2018-02-28 18:12:26 UTC
(Reuters) - A federal judge has dismissed a lawsuit claiming that Coca-Cola Co’s advertising for Diet Coke misleads people into thinking that consuming the soft drink assists in weight loss, and that it actually causes weight gain.
US cable provider 'Comcast' offers $31 billion for 'Sky'
2018-02-27 08:46:42 UTC
LONDON - Comcast Corp, the biggest cable operator in the United States, offered to pay $31 billion to buy Sky, the European pay-TV group that has agreed to be sold to Rupert Murdoch's Fox.
Comcast, which owns NBC and Universal Pictures, said it...
US film studio 'The Weinstein Company' to file for bankruptcy
2018-02-27 00:53:48 UTC
The Weinstein Company said that the U.S. film studio, whose ex-chairman Harvey Weinstein has been accused of sexual harassment and assault, planned to file for bankruptcy in the coming days after talks to sell itself collapsed.
Filing for bankr...
Netanyahu faces corruption and breach of trust charges
2018-02-14 16:36:57 UTC
How is the Israeli prime minister linked to an allegedly corrupt deal with German steel producer ThyssenKrupp?
One is Israel's long-serving prime minister, the other is one of Germany's biggest industrial corporations, and now the two have been...