Wednesday, 5 June 2019

Justice Department to review 1941 ASCAP, BMI consent decrees

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Justice Department to review 1941 ASCAP, BMI consent decrees

The U.S. Justice Department said on Wednesday it would review two consent decrees reached with music licensing groups ASCAP and BMI in 1941, a decision that could upend the business of licensing music to online companies, movie companies, commercials, bars and restaurants.

Ex-CEO Whitman says was happy to throw HP predecessor 'under the bus' over Autonomy deal

Meg Whitman, the former boss of Hewlett-Packard, said she was happy to throw her predecessor Leo Apotheker "under the bus" in a moment of anger over the botched acquisition of British software company Autonomy, London's High Court heard on Wednesday.

Boeing's 777X faces engine snags, questions rise over delivery goal

Boeing Co's effort to build the world's largest twin-engined jet, the 777X, continues to be hampered by challenges with General Electric Co's new GE9X turbine engine, a top Boeing executive said on Wednesday.

Bernie Sanders urges Walmart to boost 'starvation wages'

Democratic U.S. presidential hopeful Bernie Sanders on Wednesday told Walmart Inc shareholders and top executives that the world's largest retailer should boost the "starvation"-level wages it pays its workers and stop fueling income inequality.

Mexico, U.S. officials meet in high-stakes tariff talks at White House

Mexican officials met with their U.S. counterparts for talks in Washington on Wednesday aimed at reaching a deal to stave off the imposition of U.S. tariffs on Mexican goods next week, even as their government prepared to retaliate if duties go ahead.

Mexico wants U.S. to reroute funds to tackle migrant surge: sources

Mexico will propose the United States redirect security funding under the so-called "Merida Initiative" to boosting development of the Mexican southern border in talks aimed at resolving a dispute over migration, officials said on Wednesday.

Global stocks climb, short-dated Treasury yields dip on bets for U.S. rate cut

Major world stock markets rose and short-dated U.S. Treasury yields fell on Wednesday as investors bet that the U.S. Federal Reserve would cut interest rates and help boost a sluggish global economy.

U.S. cruise operators to stop sailing to Cuba; travelers vent anger online

Major U.S. cruise operators said on Wednesday they will no longer sail to Cuba following the Trump administration's ban on travel to the Caribbean island, angering travelers and leading to worries of trip cancellations.

Wall St. climbs as weak private jobs data boost rate cut hopes

Wall Street's major indexes rose on Wednesday as investors bet on a Federal Reserve interest rate cut after weak private sector jobs data and hopes grew that the United States and Mexico would reach an agreement to avoid U.S. tariffs on Mexican goods.

FCA, France reach tentative agreement on Renault merger: sources

Fiat Chrysler Automobiles NV has reached a tentative agreement with France on the terms of its proposed merger with Renault, two sources told Reuters, as the French carmaker's board met to consider the bid late on Wednesday.

Explainer: U.S.-China trade war - the levers they can pull

The escalating trade war between the United States and China has gone beyond tariffs as the countries increase pressure on each other to cede ground.

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