Reuters: Business News
|Trump ratchets up China trade conflict with fresh tariff threat
WASHINGTON/BEIJING (Reuters) - U.S. President Donald Trump threatened to impose a 10 percent tariff on $200 billion of Chinese goods, prompting a swift warning from Beijing of retaliation, as the trade conflict between the world's two biggest economies quickly escalated.
POSTED JUNE 19, 2018 2:03 AM
|Asia stocks slide to four-month low as Trump raises stakes in China trade war
TOKYO (Reuters) - A sell-off in Chinese stocks drove Asian equities to a four-month low on Tuesday, as U.S. President Donald Trump threatened new tariffs on Chinese goods in an escalating tit-for-tat trade war between the world's two biggest economies.
POSTED JUNE 19, 2018 1:25 AM
|How U.S. tax reform rewards companies that shift profit to tax havens
(Reuters) - The corporate tax cut passed by U.S. President Donald Trump and fellow Republicans that was in part designed to help dissuade U.S. companies from moving profits overseas may instead make the practice a lot more rewarding.
POSTED JUNE 18, 2018 2:17 PM
|CEO Musk emails staff alleging employee 'sabotage'
SAN FRANCISCO (Reuters) - Tesla Inc Chief Executive Elon Musk said on Monday in an email to staff that an unnamed Tesla employee had conducted "extensive and damaging sabotage" to the company's operations including allegedly making unspecified code changes to its manufacturing operating system and sending what the email said was sensitive Tesla data to unnamed third parties.
POSTED JUNE 18, 2018 10:34 PM
|Head of VW's Audi arrested in Germany over diesel scandal
FRANKFURT (Reuters) - Volkswagen's supervisory suspended crisis talks to find a stand-in boss for its Audi brand which were convened after German authorities arrested current Audi Chief Executive Rupert Stadler as part of a probe into emissions test cheating.
POSTED JUNE 18, 2018 4:09 PM
|U.S. oil pipeline companies, producers seek relief from steel tariffs
HOUSTON (Reuters) - Major U.S. energy companies including Plains All American Pipeline , Hess Corp and Kinder Morgan Inc are among many seeking exemptions from steel-import tariffs as the United States ratchets up trade tensions with exporters including China, Canada and Mexico.
POSTED JUNE 19, 2018 1:02 AM
|Roche to pay $2.4 billion to buy rest of Foundation Medicine
ZURICH (Reuters) - Swiss drugmaker Roche Holding AG has agreed to pay $137 per share to buy the rest of Foundation Medicine (FMI) , a $2.4 billion transaction that values the U.S. genomic profiling group at $5.3 billion, the partners said on Tuesday.
POSTED JUNE 19, 2018 1:57 AM
|Intel has paths around Trump's China tariffs, analysts say
(Reuters) - Intel Corp, the world's biggest chipmaker by revenue and a prominent U.S. manufacturer, could avoid the most severe effects of a new list of Chinese tariffs proposed by U.S. President Donald Trump by shifting its production among its facilities, analysts said Monday.
POSTED JUNE 18, 2018 11:37 PM
|Young at heart? Mercedes cultivates its aging workforce
BERLIN (Reuters) - Too slow, inflexible, forgetful, always off sick. Those are some attitudes about older workers that carmaker Mercedes-Benz is trying to dispel as Germany grapples with the challenges of an aging society.
POSTED JUNE 19, 2018 12:06 AM
|Australian court fines Apple $6.7 million over iPhone 'bricking' case
SYDNEY (Reuters) - An Australian court fined U.S. electronics giant Apple Inc A$9 million ($6.7 million) on Tuesday after a regulator accused it of using a software update to disable iPhones which had cracked screens fixed by third parties.
POSTED JUNE 18, 2018 11:25 PM