Reuters: Business News
|Trump threatens to hit China with new tariffs on $200 billion in goods
WASHINGTON (Reuters) - U.S. President Donald Trump threatened on Monday to impose a 10 percent tariff on $200 billion of Chinese goods, escalating a tit-for-tat trade war with Beijing.
POSTED JUNE 18, 2018 8:09 PM
|Wall Street ends modestly lower but energy shares rise
NEW YORK (Reuters) - The Dow and S&P fell modestly on Monday, ending well off session lows, as gains in energy shares helped curb declines stemming from trade war concerns after China's retaliation to U.S. tariffs.
POSTED JUNE 18, 2018 5:11 PM
|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
|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
|EU antitrust regulators to rule on Blackstone's F&R deal by July 20
BRUSSELS (Reuters) - EU antitrust regulators will decide by July 20 whether to clear U.S. private equity firm Blackstone Group's US$20 billion acquisition of a majority stake in Thomson Reuters' Financial and Risk (F&R) unit, a filing on the EU competition watchdog's website showed on Monday.
POSTED JUNE 18, 2018 1:57 PM
|Exclusive: GameStop in talks with buyout firms after drawing interest - sources
(Reuters) - Video game and electronics retailer GameStop Corp is holding talks with private equity firms about a potential transaction after receiving buyout interest, people familiar with the matter said on Monday.
POSTED JUNE 18, 2018 3:36 PM
|Pompeo says China trade policies 'predatory'
WASHINGTON (Reuters) - U.S. Secretary of State Mike Pompeo on Monday slammed China's trade practices as "predatory economics 101" and said statements by Beijing in recent weeks that it was moving to open its economy were "a joke."
POSTED JUNE 18, 2018 5:06 PM
|Tesla's Musk alleges 'extensive' employee sabotage
SAN FRANCISCO (Reuters) - Tesla Inc Chief Executive Elon Musk accused an employee of "extensive and damaging sabotage" to the company's operations in an email sent on Monday to company employees.
POSTED JUNE 18, 2018 7:20 PM
|AT&T promises fewer ads, tailored programing after merger
LOS ANGELES (Reuters) - AT&T Inc is promising fewer commercials, smaller channel bundles and personalized programming now that it has taken over Time Warner channels in an $85 billion mega-merger.
POSTED JUNE 18, 2018 6:48 PM
|Wendy's under fire after employee films mouse amid buns
NEW YORK (Reuters) - A Wendy's restaurant in Oklahoma is under fire after an employee video showing a mouse inside a bag of hamburger buns was widely shared online.
POSTED JUNE 18, 2018 7:23 PM