Wednesday, 27 June 2018

Apple, Samsung settle U.S. patent dispute

Apple, Samsung settle U.S. patent dispute

(Reuters) - Apple Inc and Samsung Electronics Co Ltd on Wednesday settled a seven-year patent dispute over Apple's allegations that Samsung violated its patents by "slavishly" copying the design of the iPhone.

Wall Street tumbles on renewed trade uncertainty

(Reuters) - U.S. stocks reversed course on Wednesday, falling on renewed uncertainty regarding the U.S. stance on Chinese investments in American technology companies.

Stocks sputter globally as investors shed optimism, oil caps losses

NEW YORK (Reuters) - A modest global rally in stocks on Wednesday spurred by a newly unveiled U.S. plan that takes a less confrontational approach to curbing Chinese acquisitions of American technology faded as investors shed optimism, but strong gains in oil limited losses.

Canada cannot start work on Trans Mountain pipeline until deal closes: minister

WASHINGTON (Reuters) - The Canadian government would like to see construction accelerate on the Trans Mountain pipeline expansion, but has no control over decisions to resume or start new work until it takes ownership of the major crude oil pipeline project, Canada's natural resources minister said.

Oil rallies as supply disruptions seen from Canada to Libya

NEW YORK (Reuters) - Oil prices jumped on Wednesday as plunging U.S. crude stockpiles compounded supply worries in a market already uncertain about Libyan exports, a production disruption in Canada and Washington's demands that importers stop buying Iranian crude from November.

U.S. gives Disney approval to buy Fox amid bidding war with Comcast

WASHINGTON (Reuters) - Walt Disney Co won U.S. approval to buy Twenty-First Century Fox Inc entertainment assets for $71.3 billion on condition it sell Fox's 22 regional sports networks, the Justice Department said on Wednesday, giving Disney an edge over Comcast Corp's competing bid.

Trump to use U.S. security review panel to curb China tech investments

WASHINGTON (Reuters) - U.S. President Donald Trump said on Wednesday he will use a strengthened national security review process to thwart Chinese acquisitions of sensitive American technologies, a softer approach than imposing China-specific investment restrictions.

Automakers warn U.S. tariffs will cost hundreds of thousands of jobs, hike prices

WASHINGTON (Reuters) - Two major auto trade groups on Wednesday warned the Trump administration that imposing up to 25 percent tariffs on imported vehicles would cost hundreds of thousands of auto jobs, dramatically hike prices on vehicles and threaten industry spending on self-driving cars.

Canada lobbies Big Three U.S. carmakers to fight auto tariffs

OTTAWA (Reuters) - Canada's trade minister last week met senior officials from General Motors Co and Fiat Chrysler Automobiles NV in Detroit, as Ottawa takes its lobbying effort directly to the Big Three carmakers to avert potential U.S. auto tariffs.

Boeing's engine proposal deadline looms for new mid-market jet: report

SEATTLE (Reuters) - Three of the largest engine makers face a Wednesday deadline to provide Boeing Co with formal proposals for how they would power the planemaker's possible new mid-market jet, an aviation magazine reported.

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