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U.S. 'very, very optimistic' about reaching a trade deal with China: White House

The United States is "very, very optimistic" about reaching a trade deal with China soon, White House spokeswoman Stephanie Grisham told Fox News Channel in an interview on Thursday.



5 years ago

Wall Street investors slam Warren's policies

Some Wall Street investors and Democratic donors sharply criticized progressive firebrand Elizabeth Warren's policies on issues from taxation to affordable healthcare because they are impractical.



5 years ago

U.S. Justice Department issues subpoenas to automakers in California emissions probe

The U.S. Justice Department has issued civil subpoenas to four major automakers, demanding that they disclose details on a deal struck with California in July to follow strict vehicle emissions standards, a source briefed on the matter said on Thursday.



5 years ago

Democratic lawmakers question FAA decisions on Boeing safety issues

Two Democratic U.S. lawmakers said on Thursday the Federal Aviation Administration overruled agency technical specialists on two Boeing Co safety issues involving the 737 MAX and the 787 Dreamliner jets that they said could be "potentially catastrophic."



5 years ago

Gap CEO exiting as forecast cut casts doubt on turnaround

Gap Inc said on Thursday Chief Executive Officer Art Peck will leave the company, a surprise exit in the middle of a restructuring that comes as the apparel retailer slashed its full-year earnings forecast, sending its shares down 7%.



5 years ago

WhatsApp adds shopping catalog feature, courting e-commerce

Facebook Inc on Thursday launched a catalog feature for its WhatsApp messaging app, it said in a blog post, building out the service's e-commerce tools as it moves slowly toward monetizing the app it bought in 2014 for $19 billion.



5 years ago

Citi, Deutsche get go-ahead to probe regulator witnesses in landmark cartel case

Citigroup Inc and Deutsche Bank AG may cross-examine four antitrust investigators involved in a criminal cartel prosecution against them, an Australian court ruled on Friday, a win for the defence in a closely watched legal battle.



5 years ago

Global stocks close in on record highs on U.S.-China trade deal hopes

World stocks rallied to near record highs on Friday after China said it had agreed with the United States to cancel tariffs in phases, a key demand of Beijing for sealing a deal to end a trade war that has slowed economic growth and roiled markets.



5 years ago

Volkswagen CEO says SAIC VW plant in Shanghai starts trial production

Volkswagen and SAIC Motor Corp's $2.5 billion new energy vehicle plant in Shanghai has started trial production, Volkswagen's CEO Herbert Diess said on Friday.



5 years ago

Volkswagen's Shanghai EV plant with SAIC has started trial production: VW CEO

Trial production has started at Volkswagen AG's (VW) and SAIC Motor Corp Ltd's $2.5 billion electric vehicle (EV) factory in Shanghai, VW's chief executive said on Friday, the latest development in the race to sell EVs in China.



5 years ago

Asian shares eases from six-month highs on U.S.-China trade uncertainty

Asian stocks retreated from six-month highs on Friday on uncertainty over whether and when the United States and China will seal a deal marking a truce in their trade war that has slowed economic growth and roiled markets.



5 years ago

Indonesia's Lion Air finds cracks in two 737 NGs with fewer flights than FAA safety directive

Lion Air has found structural cracks in two Boeing Co 737 NG planes with fewer flights than a U.S. Federal Aviation Administration (FAA) threshold for checks, Indonesia's aviation safety regulator said on Friday.



5 years ago

Individual investors pulled $20 million from Fisher Investments following billionaire's sexist comments

While institutional investors have pulled more than $3 billion from the Camas, Washington-based firm in the wake of Ken Fisher's comments, retail clients have had a more muted reaction. Here's why individual investors may be slow to divest.

5 years ago

Oil unchanged after overnight losses amid caution over trade talks

Oil prices were unchanged on Thursday, holding on to most of their losses from the previous session, on worries that a long-awaited interim deal to dial back a crippling U.S.-China trade war could be delayed.



5 years ago

Factbox: How the SEC is making life easier for corporate America

Under the Trump administration, the Securities and Exchange Commission (SEC) has taken more than two dozen measures - including trimming rules - that make life easier for corporate America, according to a Reuters analysis of SEC announcements and interviews with more than a dozen lawyers, academics and advocacy groups.



5 years ago