 | | | | The United States will need to maintain the threat of imposing tariffs on Chinese goods for years even if Washington and Beijing strike a deal to end a costly trade war, U.S. Trade Representative Robert Lighthizer told lawmakers on Wednesday. | | | | | | The U.S. Trade Representative's office said on Wednesday it would move to formally suspend a scheduled tariff increase on Chinese goods "until further notice" following President Donald Trump's decision to delay his Friday deadline for a U.S.-China trade deal amid progress in their talks. | | | | | | (This Feb 26 story corrects data in paragraph 11 that was provided by Kent International comparing wages in China to the United States. Fixes typos in Kent chief executive's name in paragraph 24.) | | | | | | German drugs and lab supplies maker Merck KGaA offered $5.9 billion, including debt, for Versum Materials, in a cash deal that tops an offer from U.S. rival Entegris, as both seek to boost their electrochemicals operations. | | | | | | Wells Fargo & Co said on Wednesday that it is engaged in preliminary exploratory discussions with the U.S. Department of Justice and the U.S. Securities and Exchange Commission to resolve probes into its sales practices, according to a regulatory filing. | | | | | | The S&P 500 closed down slightly on Wednesday but well above its session low after testimonies to U.S. Congress from trade and central bank officials as well as President Donald Trump's former lawyer brought few major surprises. | | | | | | FedEx Corp this summer plans to begin testing a robot to handle home deliveries for partners ranging from Walmart Inc to Pizza Hut. | | | | | | Southwest Airlines said on Wednesday it had received authorization from the Federal Aviation Administration for its planned service to Hawaii from California. | | | | | | Shares of PG&E Corp fell about 3 percent after federal filings showed that the power utility had delayed a safety overhaul of a high-voltage transmission line, a prime suspect behind the deadliest wildfire in California history. | | | | | | The United States wants meetings as regularly as once a month to ensure enforcement of any potential trade pact with China, U.S. Trade Representative Robert Lighthizer said on Wednesday. | | | | | | Boeing hopes Britain will decide this year on plans to buy E-7 Wedgetail early warning jets, an executive said, after talks last year sparked a row over competition in arms procurement. | | | | | |
