Category: Business

  • Fujifilm sues Xerox for well over $1 billion after aborted merger

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    NEW YORK  – Fujifilm Holdings Corp (4901.T) sued Xerox Corp (XRX.N) on Monday for well over $1 billion, faulting the printer and copier company for succumbing to pressure from activist investors Carl Icahn and Darwin Deason in calling off a proposed merger. In a complaint filed with the U.S. District Court in Manhattan, Fujifilm accused […]

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  • International fund managers turn to financials, tech as trade worries rise

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    NEW YORK – The rising tensions over global trade policy are prompting some top-performing international fund managers to look for the companies that can emerge as winners. Fund managers from firms including AllianceBernstein, Causeway Capital Management and Janus Henderson are adding to positions in companies ranging from Italy’s largest bank to China’s largest e-commerce company, […]

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  • Trump sets tariffs on $50 billion in Chinese goods; Beijing strikes back

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    WASHINGTON/BEIJING – U.S. President Donald Trump said he was pushing ahead with hefty tariffs on $50 billion of Chinese imports on Friday, and the smoldering trade war between the world’s two largest economies showed signs of igniting as Beijing immediately vowed to respond in kind. Trump laid out a list of more than 800 strategically […]

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  • China promises fast response as Trump readies tariffs

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    BEIJING – China vowed on Friday to strike back quickly if the United States hurts its interests, hours before U.S. President Donald Trump was due to unveil revisions to a tariff list targeting $50 billion worth of Chinese goods. Washington and Beijing appeared increasingly to be headed toward a trade war after several rounds of […]

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  • S&P 500, Nasdaq edge higher as ECB puts off rate hike

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    NEW YORK – The S&P 500 and Nasdaq rose on Thursday after the European Central Bank said it would not raise interest rates until mid-2019, a day after the U.S. Federal Reserve increased its key rate and hinted at two more hikes by the end of 2018. The ECB decided to end its bond-purchase program […]

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  • White House seeks to block Congress from killing ZTE deal

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    WASHINGTON  – The White House will try to derail an effort in the U.S. Congress to block the Trump administration’s deal to allow ZTE Corp, China’s No. 2 telecommunications equipment maker, to resume doing business with American suppliers, the Wall Street Journal reported on Wednesday. The ZTE issue encompasses U.S.-China relations, national security, trade and […]

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  • Wall Street edges higher with focus on Fed

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    U.S. stocks edged higher on Tuesday, with help from Twitter and media stocks, as investors looked past a historic U.S.-North Korea summit and focused on the Federal Reserve’s policy meeting. President Donald Trump and North Korean leader Kim Jong Un pledged to work toward complete denuclearization of the Korean peninsula, but their joint statement gave […]

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  • Tesla’s Autopilot to get ‘full self-driving feature’ in August

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    Shares of Tesla Inc (TSLA.O) rose as much as 5 percent on Monday after Chief Executive Officer Elon Musk tweeted that its Autopilot driver assistance system will get full self-driving features following a software upgrade in August. Autopilot, a form of advanced cruise control, handles some driving tasks and warns those behind the wheel they […]

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  • Swiss vote down ‘dangerous’ overhaul of banks

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    Swiss voters have overwhelmingly rejected a proposed overhaul of the country’s banking system that had been described as “dangerous” by its critics. Over 75% of voters rejected the “sovereign money” proposal in a referendum on Sunday, according to provisional results published by the government. The initiative would have prohibited commercial banks from lending more money than they […]

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  • U.S., EU take small step on trade, but no breakthrough at G7 summit

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    LA MALBAIE, Quebec – The United States and European Union will establish a dialogue on trade within the next two weeks, a French official said on Friday, signaling a modest step forward for bitterly divided allies at a Group of Seven summit in Canada. U.S. trading partners have been furious over President Donald Trump’s decision […]

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