(Reuters) – ZTE Corp has signed an agreement in principle that would lift a U.S. Commerce Department ban on buying from U.S. suppliers, allowing the Chinese telecommunications equipment maker to get back into business, according to sources familiar with the matter.
Mexico put tariffs on American products ranging from steel to pork and bourbon on Tuesday, retaliating against import duties on metals imposed by President Donald Trump and taking aim at Republican strongholds ahead of U.S. congressional elections in November. Mexico’s response further raises trade tensions between the two countries and adds a new complication to efforts to renegotiate the trillion-dollar North American Free Trade Agreement between Canada, the United States and Mexico. American pork producers, for whom Mexico is the largest export market, were dismayed by the move. …read more […]
NEW YORK (Reuters) – The S&P 500 edged higher on Tuesday as investors were encouraged by U.S. economic data, and the Nasdaq closed at a record high for the second day in a row with help from the technology and consumer discretionary sectors.
Kate Spade, a fashion designer known for her sleek handbags, was found hanged in the bedroom of her Park Avenue apartment Tuesday in an apparent suicide, police said. Spade’s body was found by a housekeeper not long after 10 a.m., police said at an afternoon news conference. …read more […]
(Reuters) – UBS Group AG has appointed Solon Kentas, previously a managing director at Deutsche Bank AG , to lead the Swiss bank’s U.S. consumer and retail dealmaking efforts, UBS announced internally in a memo on Tuesday.
(Reuters) – Wells Fargo & Co is pulling back from retail banking in the U.S. Midwest, selling all of its branches in three states, as the bank embarks on a broader review of branch profitability across the country.
Before her death, Spade was building another fashion brand named after her daughter Frances Spade as Frances Valentine. …read more […]
(Reuters) – The S&P 500 edged slightly higher on Tuesday, on track for its third straight day of gains, while Nasdaq hit an intraday record high with help from the technology and consumer discretionary sectors.
New York City police have confirmed that they are investigating the apparent suicide of fashion designer Kate Spade. Spade was 55 and had a 13-year-old daughter. Kate Spade’s family says they are devastated by her death. …read more […]
OTTAWA (Reuters) – The Group of Seven leading industrial nations can expect frank discussions on trade at a summit this week, which U.S. President Donald Trump is expected to attend, a senior Canadian government official said on Tuesday.
(Reuters) – Two of Allergan Plc’s shareholders, hedge funds Appaloosa Management and Senator Investment Group, asked the drugmaker’s board to split the role of chief executive officer and chairman as well as reconsider its acquisition strategy.
(Reuters) – U.S. companies continued a shopping spree for their own shares in May, making $173.6 billion in buyback announcements, the highest monthly total ever, according to a research report.
SAN FRANCISCO (Reuters) – Microsoft Corp is stepping up its hiring of women seeking to rejoin the workforce, following a rash of complaints about sexual harassment and gender discrimination at the world’s largest software company.
(Reuters) – Declines in financial and healthcare stocks weighed on the S&P 500 and Dow on Tuesday, while strong gains in tech heavyweights lifted the Nasdaq to a record intra-day high.
LONDON (Reuters) – The secret to unlocking a further $6 trillion of gains in global stocks and adding another ten years to this bull run? Forget tax cuts and share buybacks, women are key, according to research by S&P Global.
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