 | | | | Pennsylvania's Public Utility Commission on Thursday approved T-Mobile US Inc's $26 billion purchase of rival Sprint Corp, bringing the megamerger one step closer to completion. | | | | | | The United States and China had a heated exchange on Thursday, with U.S. Secretary of State Mike Pompeo accusing Chinese telecom giant Huawei Technologies of lying about its ties to the government and Beijing saying Washington must end its "wrong actions" if it wanted trade talks to continue. | | | | | | The Trump administration on Thursday unveiled a $16 billion farm aid package to offset losses from a 10-month trade war with China and said payment rates to farmers would be determined by where they farm rather than what crops they grow. | | | | | | Boeing Co on Thursday said that after taking over Brazilian planemaker Embraer SA's passenger jet unit, it will call the division Boeing Brasil - Commercial, dropping one of Brazil's most iconic company names. | | | | | | U.S. Federal Aviation Administration (FAA) representatives told members of the United Nations' aviation agency they expect an ungrounding of Boeing Co's 737 MAX jets in the United States as early as late June, three people familiar with Thursday's briefing said, though there is no firm timetable for the move. | | | | | | U.S. President Donald Trump characterized Chinese telecommunications giant Huawei Technologies Co Ltd as very dangerous on Thursday but said its dispute with the United States could be resolved in a trade deal with China. | | | | | | U.S. stocks slumped on Thursday as investors dumped shares of companies in growth and cyclical sectors, with energy and technology leading declines, on fears that the escalating U.S.-China trade war would stymie global economic growth. | | | | | | World shares skidded further on Thursday and oil prices plunged more than 5% as investors worried the China-U.S. trade spat was turning into a technology cold war between the world's two largest economies, boosting the dollar and knocking benchmark government debt yields down. | | | | | | The recent ratcheting up of U.S.-China trade tensions is creating uncertainties for businesses and could threaten economic growth, four Federal Reserve policymakers said on Thursday. | | | | | | A host of U.S. consumer companies have warned that costs related to tariffs on goods imported from China would weigh on their results. | | | | | | Best Buy Co Inc on Thursday stuck to its full-year forecast due to the impact of the latest U.S. tariffs on Chinese imports and warned any new levies would increase prices for U.S. shoppers, sending its shares down as much as 5.4%. | | | | | |
