Thursday 21 June 2018

Supreme Court lets states force online retailers to collect sales tax

Supreme Court lets states force online retailers to collect sales tax

WASHINGTON (Reuters) - States may force online retailers to collect potentially billions of dollars in sales taxes, the U.S. Supreme Court said in a major ruling on Thursday that undercut an advantage many e-commerce companies have enjoyed over brick-and-mortar rivals.

Dow drops eighth straight session on trade worry; Amazon slips

NEW YORK (Reuters) - U.S. stocks fell on Thursday, with the Dow slumping for an eighth straight decline as industrials wobbled again on trade war concerns while Amazon and other online retailers weakened after a U.S. Supreme Court ruling on state sales tax collection.

Intel CEO resigns after probe of relationship with employee

(Reuters) - Intel Corp Chief Executive Brian Krzanich resigned on Thursday after a probe found a consensual relationship with an employee violated company policy.

U.S. labor market tightening; mid-Atlantic manufacturing cools

WASHINGTON (Reuters) - The number of Americans filing for unemployment benefits unexpectedly fell last week, pointing to a further tightening of labor market conditions.

Trade pressures deepen as Daimler warns on sales

BRUSSELS/FRANKFURT (Reuters) - Mercedes-Benz maker Daimler shocked investors on Thursday with a warning that trade tensions would hit sales, while fears of a "tit-for-tat" trade war grew as Europe readied retaliatory tariffs against the United States.

Largest U.S. banks clear first hurdle in Fed's toughest annual stress tests

WASHINGTON (Reuters) - The 35 largest U.S. banks have all cleared the first stage of an annual stress test, showing they would be able to maintain enough capital in an extreme recession to meet regulatory requirements, the Federal Reserve said on Thursday.

Exclusive: Canada could make it harder for U.S. to win fighter bid - sources

OTTAWA (Reuters) - Canada is discussing changes to a multibillion-dollar fighter jet procurement process that could make it harder for a U.S. company to win the order as trade relations between the neighbors sour, two sources with direct knowledge of the discussions said.

Washington's 'capricious' trade actions will hurt U.S. workers, China warns

BEIJING (Reuters) - China's commerce ministry on Thursday accused the United States of being "capricious" over bilateral trade issues, and warned that the interests of U.S. workers and farmers ultimately will be hurt by Washington's penchant for brandishing "big sticks".

EU Parliament committee votes for tougher EU copyright rules to rein in tech giants

BRUSSELS (Reuters) - Google , Facebook , Microsoft and other tech giants could face more curbs on their market power after a European Parliament committee voted in favor of tougher copyright rules on Wednesday.

PayPal to acquire fraud prevention company Simility for $120 million

(Reuters) - PayPal Holdings Inc has agreed to acquire fraud prevention technology company Simility for $120 million in cash, it said on Thursday.

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