Wednesday, 4 April 2018

U.S. floats talks after China strikes back in trade fight

U.S. floats talks after China strikes back in trade fight

WASHINGTON/BEIJING (Reuters) - President Donald Trump's administration signaled on Wednesday that proposed U.S. tariffs on $50 billion in Chinese goods may be a negotiating tactic in the escalating U.S.-China trade fight in which China retaliated by targeting key American imports with similar duties.

Facebook says data leak hits 87 million users, widening privacy scandal

SAN FRANCISCO (Reuters) - Facebook Inc said on Wednesday that the personal information of up to 87 million users may have been improperly shared with political consultancy Cambridge Analytica, up from a previous news media estimate of more than 50 million.

Peering over the cliff: U.S. equity market fragility in six charts

(Reuters) - As equity markets show increasing fragility, investors are looking for any sign that selling pressure will wane. Some of those markers could be found in the charts favored by technical analysts - although they suggest investors still face considerable risk.  

Wall Street closes higher as China tariff fears ease

NEW YORK (Reuters) - Wall Street's three major indexes staged a comeback to close around 1 percent higher on Wednesday as investors turned their focus to earnings and away from a trade conflict between the United States and China that wreaked havoc in earlier trading.

Jet weight puzzle to determine tariff impact on Boeing

SINGAPORE/SHANGHAI (Reuters) - China on Wednesday announced plans to place a 25 percent tariff on certain U.S. aircraft, in a move expected to affect some older Boeing narrowbody models, according to documents from China's Ministry of Commerce and the U.S. manufacturer.

Tariffs could force U.S. automakers to rethink China production

(Reuters) - U.S. automakers could be forced to rethink future production plans for several vehicles if the tit-for-tat tariff dispute brewing between the United States and China erupts into a full-blown trade war.

Massachusetts can sue Equifax over data breach, judge rules

BOSTON (Reuters) - Massachusetts can move forward with a lawsuit accusing credit reporting firm Equifax Inc of failing to safeguard its databases or provide prompt notice of a breach that exposed the personal data of 147 million people, a state court judge has ruled.

Starboard pushes ahead with proxy fight at Newell Brands

BOSTON (Reuters) - Activist hedge fund Starboard Value LP plans to press ahead with a proxy fight at consumer products group Newell Brands Inc , saying more work is needed to repair the company even after rival activist Carl Icahn won board seats last month.

Spotify shares jump in record-setting direct listing

NEW YORK/SAN FRANCISCO (Reuters) - Shares of Spotify Technology SA ended up 12.9 percent on their first day of trade on the New York Stock Exchange, a smooth debut that could pave the way for other companies looking to go public without the aid of Wall Street underwriters.

Macy's longtime CFO Karen Hoguet to retire next year

(Reuters) - Department store operator Macy's Inc said on Wednesday Chief Financial Officer Karen Hoguet will retire in February next year.

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