 | | | | German carmaker Daimler on Thursday said it was looking at ways to mitigate the impact of a trade war between China and the United States, a step which includes a review of whether to shift some U.S. production to Asia. | | | | | | Facebook Inc Chief Executive Officer Mark Zuckerberg's fortune is set to take a $16 billion hit on Thursday, as the social media giant braces for the biggest one-day wipeout in U.S. stock market history, a day after its executives forecast years of lower profit margins. | | | | | | Sky posted double-digit earnings growth after it added another 500,000 customers in its latest financial year, showing why Comcast and Rupert Murdoch's Fox are slugging it out to buy the European pay-TV leader. | | | | | | Jean-Claude Juncker was hailed as a hero by European business on Thursday for making Donald Trump blink and withdraw a threat to slap punitive import tariffs on EU cars and so escalate a transatlantic trade war. | | | | | | U.S. trade officials will immediately focus on resolving steel and aluminum tariff issues with the European Union, while a broader trade agreement between the parties likely rolls out in stages over the next year, U.S. Treasury Secretary Steven Mnuchin said on Thursday. | | | | | | The Nasdaq Composite opened 1 percent lower on Thursday as Facebook led a selloff in technology stocks, while the Dow Jones Industrial Average was buoyed after the European Union and the United States agreed to negotiate on trade. | | | | | | Nestle Chief Executive Mark Schneider on Thursday defended the food giant's efforts to improve margins without sacrificing growth, also countering speculation he could be in disagreement with Chairman Paul Bulcke on the strategy. | | | | | | New orders for key U.S.-made capital goods increased more than expected in June and shipments surged, pointing to solid growth in business spending on equipment in the second quarter. | | | | | | Qualcomm Inc walked away from a $44 billion deal to buy NXP Semiconductors after failing to secure Chinese regulatory approval, becoming a high profile victim of a bitter Sino-U.S. trade spat. | | | | | | Music streaming leader Spotify's paid subscriptions rose 10 percent in the second quarter, thanks to family plans that attracted new users and kept them loyal as the Swedish company races to stay ahead of Apple Music . | | | | | |
