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- Wall Street tumbles as U.S.-China trade spat escalates
Mon, 18 Jun 2018 10:09:09 -0400
(Reuters) - The Dow Jones Industrial Average fell more than 200 points on Monday and the other major indexes were lower, as China's retaliatory action against tariffs imposed by the United States reignited fears of a possible trade war between the world's two biggest economies.
- Head of VW's Audi arrested in Germany over diesel scandal
Mon, 18 Jun 2018 10:28:20 -0400
FRANKFURT (Reuters) - Volkswagen was holding crisis talks on Monday to find a stand-in boss for its Audi brand, a source familiar with the discussions said, after German authorities arrested Audi CEO Rupert Stadler as part of a probe into emissions test cheating.
- How U.S. tax reform rewards companies that shift profit to tax havens
Mon, 18 Jun 2018 10:30:06 -0400
(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.
- U.S. top court mulls Apple's App Store commissions in antitrust case
Mon, 18 Jun 2018 09:45:42 -0400
WASHINGTON (Reuters) - The U.S. Supreme Court on Monday agreed to take up Apple Inc's bid to escape a lawsuit accusing it of breaking federal antitrust laws by monopolizing the market for iPhone software applications and causing consumers to pay more than they should.
- U.S. Supreme Court to review scope of investor protection laws
Mon, 18 Jun 2018 09:51:36 -0400
WASHINGTON (Reuters) - The U.S. Supreme Court on Monday agreed to hear an appeal by a New York investment banker banned from the industry by the Securities and Exchange Commission in a case that could limit the scope of those who can be held liable under laws protecting investors from securities fraud.
- Billionaire Slim, America Movil, could profit from election of Mexican leftist
Mon, 18 Jun 2018 06:25:44 -0400
MEXICO CITY (Reuters) - Billionaire Carlos Slim has had harsh words for Mexico's presidential frontrunner, saying recently he is "concerned and afraid" about what leftist Andres Manuel Lopez Obrador might do if elected.
- Exclusive: Airbus weighs new long-range A321 version in Boeing challenge
Mon, 18 Jun 2018 08:17:51 -0400
PARIS (Reuters) - Airbus is considering adding extra endurance to the longest-range version of its A321 passenger jet in a further effort to pre-empt a potential new mid-market jet being studied by U.S. rival Boeing , industry sources said.
- Google to invest $550 million in Chinese e-commerce giant JD.com
Mon, 18 Jun 2018 10:16:11 -0400
(Reuters) - Google will invest $550 million in Chinese e-commerce powerhouse JD.com, part of the U.S. internet giant's efforts to expand its presence in fast-growing Asian markets and battle rivals including Amazon.com.
- General Electric to cut 1,200 jobs in Switzerland
Mon, 18 Jun 2018 08:25:59 -0400
(Reuters) - General Electric will cut 1,200 jobs in Switzerland at its troubled power generation business, about 200 fewer than its original proposal, the U.S. industrial conglomerate said on Monday.
- Lufthansa in contact with Norwegian as airlines size up deals
Mon, 18 Jun 2018 06:48:39 -0400
BERLIN/OSLO (Reuters) - Lufthansa is in contact with Norwegian Air Shuttle, which is also the subject of bid interest from British Airways owner IAG, as the German airline looks to get involved in an expected wave of deals in the sector, its CEO told a newspaper.