Business News
Asian shares flirt with six-month lows as signs of tariff effects appear6/22/2018 1:04:13 AMTOKYO - Asian shares were under pressure on Friday on signs U.S. trade battles with China and many other countries are starting to chip away at corporate profits, with oil prices choppy ahead of major producers meeting to discuss raising output.Supreme Court lets states force online retailers to collect sales tax6/21/2018 9:38:53 PMWASHINGTON - States may force online retailers to collect potentially billions of dollars in sales taxes, the U.S. Supreme Court said in a major ruling on Thursday that undercut an advantage many e-commerce companies have enjoyed over brick-and-mortar rivals.Intel CEO resigns after probe of relationship with employee6/21/2018 11:11:16 PM - Intel Corp Chief Executive Brian Krzanich resigned on Thursday after an investigation found he had a consensual relationship with an employee in breach of company policy.German carmakers join American farmers on front line of U.S.-China trade war6/22/2018 12:24:27 AMWASHINGTON/FRANKFURT/BEIJING - An increasingly shrill exchange of words between the United States and China that is threatening to trigger a global trade war has claimed another victim - Germany's auto sector.Disney willing to divest more Fox assets for deal clearance6/21/2018 10:34:28 PM - Walt Disney Co said on Thursday it was willing to divest Twenty-First Century Fox Inc assets that generated up to $1 billion in earnings before interest, tax, depreciation and amortization (EBITDA) to get a regulatory nod for the deal.Exclusive: Tesla to close a dozen solar facilities in nine states - documents6/22/2018 1:12:19 AMLOS ANGELES/SAN FRANCISCO - Electric car maker Tesla Inc's move last week to cut 9 percent of its workforce will sharply downsize the residential solar business it bought two years ago in a controversial $2.6 billion deal, according to three internal company documents and seven current and former Tesla solar employees.Favorable U.S. tax ruling gives limited boost to big-box retailers6/21/2018 11:30:29 PMNEW YORK - Complying with a U.S. Supreme Court ruling on Thursday that forces online retailers to collect sales tax just like their brick-and-mortar counterparts will be a heavy burden for smaller e-commerce businesses.Exclusive: Canada could make it harder for U.S. to win fighter bid - sources6/21/2018 4:40:44 PMOTTAWA - Canada is discussing changes to a multibillion-dollar fighter jet procurement process that could make it harder for a U.S. company to win the order as trade relations between the neighbors sour, two sources with direct knowledge of the discussions said.Credit Suisse prevails in lawsuit seeking $300 million for brokers: U.S. judge6/21/2018 10:18:55 PM - A federal judge on Thursday dismissed a lawsuit accusing Credit Suisse Group AG of withholding up to $300 million of compensation from U.S.-based brokers when it closed their private banking unit in 2015.Taiwan's Foxconn says biggest challenge is U.S.-China trade war6/22/2018 1:46:23 AMTAIPEI - Foxconn, the world's largest electronics contract manufacturer and a major supplier for Apple Inc , said on Friday the biggest challenge the company is facing is the trade war between Washington and Beijing.