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Updated: 10 min 35 sec ago

Asia a bright spot for Japan carmakers facing sluggish U.S. sales, trade concerns

7 hours 7 min ago
TOKYO (Reuters) - Japanese automakers that rely heavily on exports to sell their models in the United States would be hardest hit by trade restrictions the country is threatening to impose, as rivals with more limited exposure focus on growing, niche markets.

ZTE tells suppliers China trade row may be factor in U.S. ban: source

Wed, 04/25/2018 - 11:45pm
NEW YORK (Reuters) - China's ZTE Corp held a conference call on Wednesday with major suppliers, during which a company representative suggested the trade dispute with Beijing may have been a factor in last week's U.S. order banning American firms from selling goods to the smartphone maker, according to a person familiar with the call.

GM president says near resolution for South Korea unit, union accepts wage deal

Wed, 04/25/2018 - 10:57pm
SEOUL (Reuters) - General Motors Co's president said on Thursday that it was very close to a resolution to fix its ailing South Korean unit, as its South Korean union accepted a wage deal.

Qualcomm easing licensing terms in bid to strike deals

Wed, 04/25/2018 - 10:31pm
SAN FRANCISCO (Reuters) - Qualcomm Inc's earnings call on Wednesday showed just how far the company is willing to go to preserve one of its core business practices of taking a cut of the selling price of phones.

GM's South Korean union accepts wage deal

Wed, 04/25/2018 - 10:20pm
SEOUL (Reuters) - Unionized workers at General Motors Co's South Korean unit voted to approve a tentative wage deal agreed with the automaker, the union said on Thursday.

Asia stocks rise as U.S. earnings prop up Wall Street, dollar solid

Wed, 04/25/2018 - 10:03pm
TOKYO (Reuters) - Asian stocks rose on Thursday as robust corporate earnings helped Wall Street quell concerns about the surge in U.S. bond yields, while the dollar hovered near 3-1/2-month highs against a basket of currencies.

Canada sees progress on NAFTA auto rules; steel tariffs loom

Wed, 04/25/2018 - 9:28pm
WASHINGTON (Reuters) - Canadian Foreign Minister Chrystia Freeland said on Wednesday that good progress has been made at the NAFTA trade talks on the key issue of auto rules, though the threat of proposed U.S. steel and aluminum tariffs coming into force next week clouded the mood.

Asia stocks edge up as U.S. earnings prop up Wall St, dollar solid

Wed, 04/25/2018 - 8:43pm
TOKYO (Reuters) - Asian stocks edged up on Thursday as robust corporate earnings helped Wall Street quell concerns over a surge in U.S. bond yields, while the dollar hovered near three-month highs against a basket of currencies.

Qualcomm chip sales indicate some smartphone strength

Wed, 04/25/2018 - 7:55pm
(Reuters) - U.S. chipmaker Qualcomm Inc's quarterly profit and revenue topped Wall Street forecasts, suggesting that a slowdown in the global smartphone business might be less severe than feared after a string of weak forecasts from suppliers.

Barclays and Paypal announce tie-up as banks mull big tech threat

Wed, 04/25/2018 - 7:19pm
LONDON (Reuters) - British bank Barclays and digital payments firm PayPal have announced a partnership that will see them explore ways to combine their services for customers, Barclays said on Thursday.

Ford accelerates cost-cutting plan, will drop most U.S. sedans

Wed, 04/25/2018 - 7:17pm
DETROIT (Reuters) - Ford Motor Co on Wednesday outlined a plan to cut costs and boost profit margins at a faster pace than previously announced, which includes dropping traditional sedan models in North America that have become increasingly unpopular with consumers.

Steven Cohen's Point72 is sued over use of California money manager's name

Wed, 04/25/2018 - 6:54pm
(Reuters) - Billionaire Steven A. Cohen's hedge fund firm was sued on Wednesday by a San Francisco money manager seeking to stop it from using its name on a new investing project.

Big data aids Sikorsky in improving helicopter maintenance

Wed, 04/25/2018 - 6:22pm
BERLIN (Reuters) - Big data analytics are helping Lockheed Martin Corp's helicopter unit improve the maintenance of its aircraft and cut costs by identifying patterns that might have otherwise gone unnoticed, Sikorsky President Dan Schultz said on Wednesday.

Trump, top aides talk trade with Apple CEO Cook at White House

Wed, 04/25/2018 - 5:34pm
WASHINGTON (Reuters) - President Donald Trump and two top aides talked about trade issues with Apple Inc chief Tim Cook on Wednesday as the White House prepares to try to avert a trade war with China, a manufacturing hub for the iPhone maker.

Steel, sunset clause cloud NAFTA talks, as ministers press for deal

Wed, 04/25/2018 - 5:29pm
WASHINGTON (Reuters) - Canadian Foreign Minister Chrystia Freeland on Wednesday reiterated Canada's opposition to proposed U.S. steel and aluminum tariffs due to come into force next week, as pressure mounted to seal a quick deal on updating NAFTA.

Wall Street ekes out small gain as earnings offset cost worries

Wed, 04/25/2018 - 5:20pm
NEW YORK (Reuters) - Wall Street limped into positive territory on Wednesday on optimism over a spate of upbeat earnings that was nearly offset by jitters over rising U.S. bond yields and corporate costs.

Proxy adviser ISS backs call for gun safety report at Sturm Ruger

Wed, 04/25/2018 - 5:16pm
BOSTON (Reuters) - Proxy adviser Institutional Shareholder Services on Wednesday recommended investors vote to support a shareholder resolution calling on Sturm Ruger & Co to report on gun safety.

Facebook's rise in profits, users shows resilience after scandals

Wed, 04/25/2018 - 5:08pm
(Reuters) - Facebook Inc shares rose on Wednesday after the social network reported revenue that beat Wall Street estimates, showing no initial impact on its lucrative ad business from a scandal over the handling of personal data.

Qualcomm profit tops estimates on higher modem chip sales

Wed, 04/25/2018 - 4:59pm
(Reuters) - U.S. chipmaker Qualcomm Inc's quarterly profit and revenue topped Wall Street forecasts, led by higher sales of modem semiconductors used in smartphones and connected cars.

Ford targets higher margins faster, to drop unpopular cars

Wed, 04/25/2018 - 4:51pm
DETROIT (Reuters) - Ford Motor Co on Wednesday outlined a plan to cut costs and boost profit margins at a faster pace than previously announced, which includes dropping traditional sedan models in North America that have become increasingly unpopular with consumers.

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