Business News
Trump greets EU trade reprisals with threat of steep auto tariff6/22/2018 10:12:57 PMWASHINGTON - President Donald Trump on Friday threatened to escalate a trade war with Europe by imposing a 20 percent tariff on all U.S. imports of European Union-assembled cars.Harley says EU duties could prompt price hikes6/22/2018 8:01:52 PMFRANKFURT - Harley-Davidson Inc could be forced to raise prices in Europe due to EU tariffs on U.S. goods, hitting buyers of new motorcycle models when they are shipped to dealers later in the year, the head of its central European business said.China's ZTE expected to take last step to lift ban: U.S. official6/23/2018 12:26:17 AM - ZTE Corp is expected to deposit $400 million in an escrow account in a U.S. bank in the "next couple of days," the last step the Chinese company must take before a ban on U.S. suppliers can be lifted, a U.S. Department of Commerce official told Reuters on Friday.Wall Street Week Ahead: Supercharged telecom sector could become investor favorite6/23/2018 12:35:00 AMSAN FRANCISCO - An overhauled telecommunications sector featuring most of the so-called FANG stocks could debut as Wall Street's hottest bet when it kicks off in September, boosted by a rising wave of media and television acquisitions.OPEC agrees modest hike in oil supply after Saudi and Iran compromise6/22/2018 8:35:53 PMVIENNA - OPEC agreed on Friday on a modest increase in oil production from next month after its leader Saudi Arabia persuaded arch-rival Iran to cooperate, following calls from major consumers to curb rising fuel costs.Netflix communication head quits over 'insensitive' comment6/22/2018 9:47:52 PM - Netflix Inc Chief Communications Officer Jonathan Friedland is leaving the video streaming company, a company spokesperson said on Friday without giving more details.Big Oil eyes U.S. minority groups to build offshore drilling support6/22/2018 5:34:00 PMWASHINGTON - The largest U.S. oil and gas lobby group is seeking to convince Hispanic and black communities to support the Trump administration's proposed expansion of offshore drilling, arguing it would create high paying jobs, including for storm-displaced Puerto Ricans.Bitcoin falls to four-month low in persistent bearish trend6/22/2018 7:18:31 PMNEW YORK - Bitcoin dropped to a more than four-month low on Friday, continuing a downtrend after more negative headlines such as Japan's financial regulator ordering six digital currency exchanges to make improvements on their anti-money laundering systems.VW may seek damages from ex-CEO Winterkorn over dieselgate6/22/2018 6:33:46 PMFRANKFURT - Volkswagen is reviewing whether to seek damages from former Chief Executive Martin Winterkorn, who was at the helm when it emerged the carmaker had cheated on emissions tests, supervisory board member Stephan Weil told a newspaper.Schlumberger oil services wins in U.S. Supreme Court on patent damages6/22/2018 4:18:31 PMWASHINGTON - The U.S. Supreme Court ruled on Friday that companies can recover profits lost because of the unauthorized use of their patented technology abroad in a victory for Schlumberger NV, the world's largest oilfield services provider.