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Canada's Trudeau cites 'positive momentum' on trade deal as U.S. official visits

Canadian Prime Minister Justin Trudeau on Wednesday cited "positive momentum" in the U.S. process to ratify a new North American trade deal, which has been in limbo for months amid concerns over labor standards.



6 years ago

Senate leader McConnell backs bill to protect coal miner pensions

Senate majority leader Mitch McConnell joined a bipartisan group of senators on Wednesday in introducing a bill to secure the pensions for nearly 90,000 retired coal miners as a recent wave of coal company bankruptcies threatens the solvency of the federal pension fund.



6 years ago

SoftBank Group shares slide over 4% after massive quarterly loss

Shares of SoftBank Group fell more than 4% in early trade on Thursday after the Japanese conglomerate reported a $6.5 billion quarterly loss, its first such loss in 14 years, dragged down by a massive hit at its giant Vision Fund.



6 years ago

Asia stocks camp near peaks as trade talks drag on

Asian shares paused near multi-month peaks on Thursday while bonds eked out a bounce as reports of delays in sealing a preliminary Sino-U.S. trade deal left investors frustrated at the lack of concrete progress.



6 years ago

Alphabet board probes company's handling of sexual misconduct allegations

The board of Google parent company Alphabet Inc is investigating executives' handling of sexual harassment and other misconduct claims, and expects to complete its probe by early December, according to a recent court filing.



6 years ago

Alphabet expects to complete probe of sexual misconduct claims by next month

The board of Google parent Alphabet Inc expects to complete by next month an investigation into the company's handling of sexual harassment and other misconduct complaints against current and former executives, according to a filing in state court last month.



6 years ago

Qualcomm's 5G phone forecast for 2020 could include iPhones: analysts

Qualcomm Inc said on Wednesday it expected 200 million 5G smartphones to be sold in 2020, including flagship devices launching next fall, a reference Wall Street took as a hint that Apple Inc would offer the faster technology next year.



6 years ago

Roku quarterly net loss widens, shares plunge

U.S. video streaming service Roku Inc reported a wider net loss in the third quarter on Wednesday, as it spent more to attract subscribers to its video streaming platform.



6 years ago

Asia stocks stymied by trade talk frustration

Asian shares managed to cling near multi-month peaks on Thursday while bonds eked out a bounce as reports of delays in sealing a preliminary Sino-U.S. trade deal left investors frustrated at the lack of concrete progress.



6 years ago

Aramco share sale curb rules out overseas listing for at least a year

The Saudi government plans to sell 2% of state oil giant Aramco in a domestic listing on Dec. 11, three sources familiar with the matter said, but restrictions on future share sales mean an international IPO is ruled out for at least a year.



6 years ago

Lebanese importers struggle as banks impose credit controls

Lebanese traders are struggling to pay for imports of everything from pasta to nappies as banks impose restrictions on lines of credit in response to concerns about tighter liquidity after weeks of street demonstrations.



6 years ago

Mylan tops profit estimates as newer drugs spur North America growth

Mylan NV beat Wall Street estimates for third-quarter profit on Tuesday, as its biggest market, North America, benefited from launches of lung disease therapies Wixela and Yupelri.



6 years ago

Domestic focus a 'better choice' for many Chinese companies: Harvest Global CIO

Focusing on domestic consumers would be a "better choice" for many Chinese companies, even if the shift is forced by trade tariffs and weak worldwide growth, said Thomas Kwan, chief investment officer at Harvest Global Investments.



6 years ago

Mediaset, Vivendi in talks to resolve row over TV project: sources

Italian broadcaster Mediaset and its hostile shareholder Vivendi are in talks about ways to overcome a dispute over the governance of Mediaset's planned pan-European TV reorganization, two sources close to the matter said on Tuesday.



6 years ago

Tapestry sees current-quarter profit below estimates on Kate Spade, tariff woes

Tapestry Inc on Tuesday forecast lower-than-expected profit for the current quarter, citing weak demand at its millennial-focused Kate Spade brand and the impact of U.S. tariffs on Chinese imports.



6 years ago