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U.S. lawmakers say they will try to block possible ZTE deal with China

WASHINGTON (Reuters) – U.S. lawmakers said on Tuesday they would try to stop President Donald Trump from easing penalties on Chinese telecommunications company ZTE Corp, saying the United States should not bow to pressure from Beijing to help the troubled firm as part of a possible trade deal.

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Trading Ideas

Don’t Miss This Once-in-a-Generation Opportunity

Editor’s Note: A generation represents a period of roughly 20 years.

You know what else happens over 20 years? New technologies are developed that make our lives better, easier and fuller.

Think about it…

The ’40s ushered in the TV along with a decade of military advancements, including the guided missile, helicopter and atomic bomb.

The ’60s brought us the first heart transplant, BASIC programming language, the light-emitting diode (aka LED), AstroTurf and the birth control pill (ah, those “make love, not war” hippies).

In the ’80s, earlier advancements from the ’70s including cell phones, video game consoles and personal computers were first marketed for …read more […]

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J.C. Penney CEO Ellison departs for Lowe’s

J.C. Penney CEO Marvin Ellison, a former Home Depot executive, is leaving the department store chain after less than four years to become the top executive at Lowe’s. The announcement Tuesday, just days after J.C. Penney released disappointing results, sent its shares down more than 3 percent. Ellison, one of only a few African-American CEOs at a Fortune 500 company, will succeed Robert Niblock at Lowe’s on July 2. …read more […]