Business News
Huawei CFO returns to Canadian court for bail hearing12/10/2018 6:14:12 PM A top executive of Chinese tech giant Huawei Technologies returned to a Canadian court on Monday to fight for her freedom with the help of pressure from Beijing against prosecutors' claims she cannot be trusted.Qualcomm wins preliminary China import ruling against some iPhone models12/10/2018 6:12:27 PM Chip supplier Qualcomm Inc on Monday said it had won a preliminary order from a Chinese court banning the sale of several Apple Inc iPhone models in China due to two patent violations around software features, though Apple said its phones remain available in the country.Ghosn, Nissan formally charged in financial misconduct scandal12/10/2018 5:44:35 PM Tokyo prosecutors indicted Carlos Ghosn, the ousted chairman of Nissan , for under-reporting his income, and officially charged the automaker for its role in the financial misconduct scandal that has shocked the industry.S&P drops to eight-month low on global growth worries12/10/2018 5:27:58 PM The S&P 500 fell to an eight-month low on Monday as Apple Inc, as well as financial and healthcare sectors led losses on mounting worries over global growth, the U.S.-China trade war and uncertainty over Britain's exit from the European Union.Exclusive: Nissan, ex-chairman clash over Rio apartment filled with art, cash - filing12/10/2018 5:24:39 PM A Rio de Janeiro apartment containing cash, art works and personal belongings of Carlos Ghosn has become the latest battleground between the indicted former Nissan Motor Co Ltd chairman and the automaker.Stocks extend sell-off on growth and Brexit worries12/10/2018 4:57:37 PM A gauge of global equities stumbled on Monday, putting it on track for its fifth straight daily decline, as losses in Europe and Asia extended to Wall Street on new signs the U.S.-China trade spat was impacting world economic growth.Avianca seeks to cut Airbus order as much as half: CEO12/10/2018 4:51:39 PM Airline Avianca Holdings SA will begin negotiations with Airbus to reduce the 100 planes it had agreed to purchase in a 2015 deal to as few as 50, the chief executive of the Latin American company said.Ford in talks with German workers about Saarlouis job cuts12/10/2018 4:22:10 PM Ford said on Monday it had started negotiations with German worker representatives about potential job cuts at its Saarlouis plant following a decision to discontinue production of its Ford C-Max model.Verizon says to shed 10,400 jobs by mid next year12/10/2018 4:08:46 PM Verizon Communications Inc said on Monday that about 10,400 employees will be leaving the U.S. wireless carrier by mid next year as part of the company's voluntary separation program.GoPro to move U.S.-bound camera production out of China12/10/2018 3:25:58 PM GoPro Inc on Monday took the first steps to move most of its U.S.-bound camera production out of China by the summer of 2019 to counter the potential impact from any new tariffs.Nutella maker Ferrero in race to buy Campbell's international business: sources12/10/2018 2:37:58 PM Ferrero SpA is interested in buying Campbell Soup Co's international business, which includes biscuit brand Arnott's, two sources close to the matter said on Monday.Huawei CFO seeks bail, cites health fears behind bars: court documents12/10/2018 2:21:53 PM A top executive of China's Huawei Technologies Co Ltd [HWT.UL] argued that she should be let out on bail while awaiting an extradition hearing due to severe hypertension and fears for her health while incarcerated in Canada, court documents released on Sunday showed.SoftBank's record IPO reaches $23.5 billion after extra share sale12/10/2018 2:07:50 PM SoftBank Group Corp is set to raise 2.65 trillion yen ($23.5 billion) in Japan's biggest-ever IPO - a share sale widely regarded as finalizing the group's transition from domestic telco to a monolithic global tech investor.Japan's top three telcos to exclude Huawei, ZTE network equipment: Kyodo12/10/2018 1:23:16 PM Japan's big three telecom operators plan not to use current equipment and upcoming fifth-generation (5G) gear from China's Huawei Technologies Co Ltd [HWT.UL] and ZTE Corp , Kyodo News reported on Monday.China says it has never heard of any country having security problem with Huawei12/10/2018 1:23:16 PM China's foreign ministry on Monday said it had never heard of any country having a security problem with Huawei Technologies Co Ltd [HWT.UL], after a top executive of the telecoms giant was arrested in Canada.Chinese state media distance Huawei arrest from U.S. trade talks12/10/2018 10:37:42 AM Chinese state media on Monday denounced the arrest of a top executive at tech giant Huawei , but did not link it to talks to resolve a trade dispute with the United States, an apparent effort not to undermine prospects for a deal.Gilead Sciences snares Roche veteran O'Day as CEO12/10/2018 10:00:40 AM Drugmaker Gilead Sciences Inc on Monday named Roche Holding AG's Daniel O'Day as its new chief executive, tapping an industry veteran to fill a management vacuum.Onset of recession may take longer than expected after yield curve inverts12/10/2018 9:14:04 AM The onset of a U.S. recession could take longer than usually thought after key points of the Treasury yield curve invert, as a surge in U.S. short-dated debt issuance has altered the dynamics of the Treasury market and other indicators show an economic downturn is farther off.Hitachi shares rise after report it is considering scrapping Britain nuclear project12/10/2018 8:35:52 AM Hitachi Ltd shares rose as much as 2.9 percent on Monday after Japan's TV Asahi reported the firm is considering scrapping its 3 trillion yen ($26.61 billion) nuclear project in Britain due to projections of further increases in construction costs.U.S. says March 1 'hard deadline' for trade deal with China12/10/2018 8:18:02 AM Unless U.S.-China trade talks wrap up successfully by March 1, new tariffs will be imposed, U.S. Trade Representative Robert Lighthizer said on Sunday, clarifying there is a "hard deadline" after a week of seeming confusion among President Donald Trump and his advisers.