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Port of Los Angeles September imports fall as trade war roils shipping

The Port of Los Angeles, the busiest for ocean trade with China, processed fewer containers of imported goods in September as the prolonged U.S.-China trade war whipsaws global supply chains.



4 years ago

Brazil's Embraer to furlough 15,000 workers ahead of Boeing deal: union

Brazilian planemaker Embraer SA will furlough almost 15,000 workers in January, a metalworkers union said on Thursday, ahead of a partial takeover by Boeing Co as part of a deal that still needs regulatory approval.



4 years ago

Day 1 of U.S.-China trade talks ends with hopes for limited deal

Top U.S. and Chinese negotiators wrapped up a first day of trade talks in more than two months on Thursday as business groups expressed optimism they might be able to ease a bitter 15-month trade war and delay a U.S. tariff hike scheduled for next week.



4 years ago

Brazil's Embraer to furlough 15,000 workers ahead of Boeing deal

Brazilian planemaker Embraer SA will furlough almost 15,000 workers in January, the company said, ahead of a partial takeover by Boeing Co , a deal that still needs regulatory approval.



4 years ago

In California, food spoils, businesses close as power outages imposed

A California dentist canceled dozens of appointments and supermarkets tried to save rotting food on Thursday as electricity was cut to over 600,000 homes and workplaces in a second day of planned power outages to cut wildfire risks.



4 years ago

Walmart U.S. CEO Foran to exit and be replaced by Sam's Club boss Furner

Walmart Inc said on Thursday its chief executive for U.S. operations, Greg Foran, will leave the company early next year and be replaced by the head of its Sam's Club warehouse chain unit, John Furner.



4 years ago

Huawei's side businesses keep it all in the family

On a hot summer morning at Huawei's new European-themed campus outside of Shenzhen, a man resembling a younger version of company founder Ren Zhengfei was dressing down two subordinates.



4 years ago

Google begins responding to Texas antitrust investigators' data demands

Texas officials managing a sprawling investigation of the advertising practices at Alphabet Inc's Google have begun receiving data from the search and advertising giant after two previous probes bogged down in extended document fights.



4 years ago

Air New Zealand entices Walmart U.S. boss Foran home to lead airline

Air New Zealand Ltd named Walmart U.S. boss Greg Foran as its new chief executive on Friday, bringing him back home at a time the airline is trying to control costs in a lower-growth environment.



4 years ago

SAP's McDermott steps down after decade as chief salesman and dealmaker

Bill McDermott stood down on Friday after a decade building up SAP as the world's leading enterprise software company, handing the task of completing its transition to cloud computing to new co-CEOs Jennifer Morgan and Christian Klein.



4 years ago

Asian shares firm as 'very good' trade talks boost risk appetite

Asian shares and U.S. stock futures rose on Friday after U.S. President Donald Trump said he would meet with China's top trade negotiator, while sterling retreated after rallying on revived hopes of a possible Brexit deal.



4 years ago

Trump to meet with Chinese Vice Premier Liu He at 2:45 p.m. EDT/1845 GMT Friday

President Donald Trump will meet with Chinese Vice Premier Liu He at 2:45 p.m. EDT/1845 GMT on Friday as the world's two biggest economies try to reach a trade agreement, the White House said.



4 years ago

California governor calls widespread electricity shutdown to prevent fires 'unacceptable'

California Governor Gavin Newsom called a widespread electricity shutdown triggered by a power company to prevent wildfires "unacceptable," saying on Thursday it resulted from years of mismanagement by the utility.



4 years ago

Japan's Seven & I shares surge on plan to cut 3,000 jobs, shut stores

Shares of Japan's Seven & I Holdings Co rose nearly 6% on Friday after the retail group said it will shut or relocate nearly 1,000 7-Eleven convenience stores and cut about 3,000 jobs as part of a group-wide restructuring.



4 years ago

GM urges UAW to agree to 'around-the-clock' bargaining

General Motors Co late on Thursday urged the United Auto Workers union to agree to around-the-clock bargaining to try to resolve a 25-day U.S. strike that has cost the company more than $1 billion in profits, according to a letter seen by Reuters.



4 years ago