Tuesday 26 June 2018

U.S. charges S&P analyst, 2 others with insider trading in paint merger

U.S. charges S&P analyst, 2 others with insider trading in paint merger

NEW YORK (Reuters) - The U.S. government on Tuesday criminally charged a Standard & Poor's credit ratings analyst and two friends, all from Manhattan, with insider trading related to Sherwin-Williams Co's $9.3 billion purchase of Valspar Corp.

Ex-State Street executive convicted in U.S. of hidden fee fraud

BOSTON (Reuters) - A former State Street Corp executive was convicted on Tuesday of participating in a scheme to defraud several of the bank's customers by charging them secret commissions on billions of dollars of trades.

Facebook eases ban on cryptocurrency related ads

(Reuters) - Facebook Inc on Tuesday decided to allow certain ads promoting cryptocurrency and related content from pre-approved advertisers, but would continue its ban on those tied to binary options and initial coin offerings.

Tech, energy lead Wall Street rebound as trade worries ease

NEW YORK (Reuters) - U.S. stocks rose on Tuesday as gains in the technology and energy sectors helped Wall Street recover from a sharp sell-off a day earlier on spiraling global trade tensions.

Trump revs up attacks on Harley-Davidson over production move

WASHINGTON/CHICAGO (Reuters) - U.S. President Donald Trump threatened Harley-Davidson Inc with higher taxes on Tuesday and said the iconic motorcycle maker would suffer from a public backlash if it goes ahead with a plan to move production for European customers overseas.

Trump says CFIUS can protect U.S. technology from Chinese acquisitions

WASHINGTON (Reuters) - President Donald Trump said on Tuesday that sensitive U.S. technology can be protected from acquisition by China through the committee that scrutinizes foreign acquisitions of American companies, but the ultimate method was still being worked out.

Trump says finishing U.S. study on tariffs on cars from EU

WASHINGTON (Reuters) - U.S. President Donald Trump said on Tuesday the government was completing a study about increasing import tariffs on cars from the European Union and suggested he would take action soon.

GE breakup leaves it with best and worst performers

(Reuters) - General Electric Co said on Tuesday it will spin off its healthcare business and divest its stake in oil-services firm Baker Hughes, effectively breaking up the 126-year-old conglomerate which was once the most valuable U.S. corporation and a global symbol of American business power.

Global stocks rise from trade fight wreckage, oil surges on U.S.: Iran pressure

NEW YORK (Reuters) - Rising shares of U.S. technology companies and General Electric Co helped global stock markets regain ground on Tuesday, a day after a mounting trade fight pummeled equities, while oil surged as Washington pushed its allies to halt Iranian crude imports.

Automakers to warn Trump of $45 billion higher vehicle costs if tariff imposed

WASHINGTON (Reuters) - An automotive trade group said on Tuesday it would tell the Trump administration that a U.S. threat to impose a tariff of up to 25 percent on imported passenger vehicles under national security grounds would cost American consumers $45 billion annually, or $5,800 per vehicle.

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