Monday, 20 August 2018

CBS must face revived lawsuit in U.S. over pre-1972 recordings

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CBS must face revived lawsuit in U.S. over pre-1972 recordings

A federal appeals court on Monday revived a lawsuit accusing CBS Corp of copyright infringement for playing digitally remastered songs recorded before 1972 by Al Green, the Everly Brothers, Jackie Wilson and others on its radio stations and online.

Exclusive: Trump says not thrilled with Fed's Powell for raising rates

U.S. President Donald Trump said on Monday he was "not thrilled" with Federal Reserve Chairman Jerome Powell for raising interest rates and accused China and Europe of manipulating their respective currencies.

Wall Street ends higher on optimism over trade talks

The major U.S. stock indexes rose on Monday as optimism over talks between the United States and China provided a boost to trade-sensitive stocks in the industrial, energy and materials sectors.

Tesla nears three-month low as JPMorgan adds to deal doubts

Tesla Inc shares fell nearly 4 percent on Monday as a $113 cut in JPMorgan Chase's price target for the electric carmaker added to growing doubts among market players about a plan to take the company private.

ConocoPhillips, Venezuela's PDVSA reach $2 billion settlement

U.S. producer ConocoPhillips and Venezuela's PDVSA have reached a payment agreement on a $2-billion arbitration award, the companies said, suspending a dispute that blocked the state-run firm from exporting oil from most of its key Caribbean facilities.

Cautious optimism for U.S.-China trade talks lifts shares

A gauge of global equity markets rose on Monday on hopes for U.S.-China trade talks scheduled this week, while Turkey's lira fell anew on cuts to the country's credit ratings and after shots were fired outside the U.S. Embassy in Ankara.

U.S. firms warn next China tariffs to cost Americans from cradle to grave

U.S. businesses have a message for the Trump administration: New tariffs on $200 billion of Chinese imports will force Americans to pay more for items they use throughout their daily lives, from cradles to first bicycles and wedding dresses to coffins.

PepsiCo puts fizz into healthy drinks with $3.2 billion SodaStream deal

PepsiCo will buy carbonated drink-machine maker SodaStream for $3.2 billion as it battles Coca-Cola for an edge in the health-conscious beverage market.

Sky expects to pay advisers on Fox deal up to $123.7 million in fees

Sky said on Monday that it expected to pay its advisers between 90 million pounds and 97 million pounds ($123.7 million) if Twenty-First Century Fox succeeds with its takeover of the British broadcaster.

With record in view, aging U.S. bull market may still be frisky

Why settle for nine-and-a-half years when you can do an even 10 or better? That's the thinking of a lot of investors measuring whether a historically long run in U.S. stocks still has legs.

Exclusive: Standard Chartered sells principal finance business to Actis and ICG

Standard Chartered is in talks to sell its private equity business to Intermediate Capital Group (ICG), a source with direct knowledge of the deal said on Monday, as part of a broader disposal of its 'principal finance' investment business.

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