|
BUSINESS HEADLINES
|
|
|
 |
|
|
› Trump threatens 20 percent tariff on European Union cars
WASHINGTON (Reuters) - U.S. President Donald Trump threatened to impose a 20 percent tariff on all European Union-assembled cars coming into the United States, a month after the administration launched an investigation into whether auto imports pose a national security threat. |
|
 |
|
› Schlumberger oil services wins in U.S. Supreme Court on patent damages
WASHINGTON (Reuters) - The U.S. Supreme Court ruled on Friday that companies can recover profits lost because of the unauthorized use of their patented technology abroad in a victory for Schlumberger NV, the world's largest oilfield services provider. |
|
|
|
› Energy stocks push Wall Street higher; tech weighs
(Reuters) - Wall Street rose on Friday boosted by higher oil prices after the OPEC agreed to a modest increase in output, but a drop in technology stocks capped gains. |
|
|
|
› OPEC agrees modest hike in oil supply after Saudi and Iran compromise
VIENNA (Reuters) - OPEC agreed on Friday on a modest increase in oil production from next month after its leader Saudi Arabia persuaded arch-rival Iran to cooperate, following calls from major consumers to help reduce the price of crude and avoid a supply shortage. |
|
|
|
› Tesla suffers fire Thursday at Fremont campus
(Reuters) - Tesla Inc said it suffered a fire Thursday night at its Fremont facility. |
|
|
|
› Walmart-Advent deal gets Brazil antitrust nod
SAO PAULO (Reuters) - Brazil's antitrust watchdog Cade on Friday approved buyout firm Advent International's acquisition of Walmart Inc's Brazilian operations, and sought no additional asset sales. |
|
|
|
› Wall Street Week Ahead: Supercharged telecom sector could become investor favorite
SAN FRANCISCO (Reuters) - An overhauled telecommunications sector featuring most of the so-called FANG stocks could debut as Wall Street's hottest bet when it kicks off in September, boosted by a rising wave of media and television acquisitions. |
|
|
|
› Exclusive: Tesla to close a dozen solar facilities in nine states - documents
LOS ANGELES/SAN FRANCISCO (Reuters) - Electric car maker Tesla Inc's move last week to cut 9 percent of its workforce will sharply downsize the residential solar business it bought two years ago in a controversial $2.6 billion deal, according to three internal company documents and seven current and former Tesla solar employees. |
|
|
|
› Uber driver was streaming Hulu show just before self-driving car crash: police report
SAN FRANCISCO (Reuters) - Police in Tempe, Arizona said evidence showed the "safety" driver behind the wheel of a self-driving Uber was distracted and streaming a television show on her phone right up until about the time of a fatal accident in March, deeming the crash that rocked the nascent industry "entirely avoidable." |
|
|
|
› Former WPP boss Sorrell denies prostitute allegation
CANNES, France (Reuters) - Former WPP boss Martin Sorrell denied on Friday that he had visited a prostitute and paid using company money when pressed on a stage in front of hundreds of people about why he had left the advertising giant he founded. |
|
|
|
|
|
|
|
|
|
|
| |
