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Trade fears rattle Wall Street, Dow gives up 2018 gains

Trade fears rattle Wall Street, Dow gives up 2018 gains

NEW YORK (Reuters) - U.S. stocks fell on Tuesday as a sharp escalation in the trade dispute between the United States and China rattled markets and put the Dow Jones Industrial Average back in negative territory for the year.

Trump threatens almost all imports from China as Beijing fires back

WASHINGTON/BEIJING (Reuters) - China has underestimated President Donald Trump's resolve to move forward with tariffs unless Beijing changes its "predatory" trade practices, a top U.S. trade advisor said on Tuesday, in comments that diminished the chances of a negotiated settlement to a looming trade war between the world's economic superpowers.

ZTE, U.S. suppliers shares tank after Senate puts Trump reprieve in doubt

HONG KONG (Reuters) - Shares of ZTE Corp and its American business partners took a hit on Tuesday after the U.S. Senate's passage of a defense bill set up a potential battle with the White House over whether the Chinese telecoms firm can resume business with U.S. suppliers.

ZTE and U.S. still working on escrow agreement: U.S. official

(Reuters) - ZTE Corp and the U.S. government are still working on an escrow agreement that must be completed and funded with $400 million before a ban on the Chinese company can be lifted, a U.S. official told Reuters on Tuesday.

Starbucks forecasts same-store sales below estimates

(Reuters) - Starbucks Corp on Tuesday forecast global comparable store sales for the current quarter below estimates and said it would close more cafes as the coffee chain continues to face increased competition from upscale coffee houses and fast-food chains.

Britain happy with Murdoch's Sky News guarantees

LONDON (Reuters) - Britain said Rupert Murdoch's Twenty-First Century Fox had answered its remaining doubts about the independence of Sky News if the U.S. company buys all of its parent Sky, paving the way for a takeover battle over the pay-TV group.

Ford to redevelop symbol of Detroit decline to house tech workers

DETROIT (Reuters) - Ford Motor Co executives on Tuesday said the automaker will renovate and revamp Michigan Central Station, Detroit's infamous blighted landmark, turning it into offices for up to 5,000 tech workers and software engineers focused on self-driving vehicles and ancillary technologies and services.

Oracle's quarterly results beat estimates

(Reuters) - Business software maker Oracle Corp reported a better-than-expected quarterly profit and revenue on Tuesday as more customers move toward its high-margin cloud business.

VW names interim Audi boss, seeking to steady brand after CEO arrest

MUNICH (Reuters) - Volkswagen suspended Audi boss Rupert Stadler and announced an interim replacement on Tuesday, seeking to steady its most profitable business after German authorities arrested Stadler as part of an emissions probe.

New head of FDIC plans to review financial health rating system

WASHINGTON (Reuters) - The newly appointed head of the Federal Deposit Insurance Corporation (FDIC) said on Tuesday said she plans to review the decades-old system for measuring lenders' financial health, which banks say is outdated.

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