Alibaba will raise up to $12.9 billion in Hong Kong listing: sources
(Reuters) - Alibaba
will raise up to $12.9 billion in its Hong Kong secondary listing, two sources with direct knowledge of the matter said.
Amazon uses aggregated seller data to help business, it tells lawmakers
WASHINGTON (Reuters) - Amazon.com Inc uses "aggregated data" from sellers in its third-party marketplace to improve its overall business, the online retailer said in response to a congressional antitrust probe that could raise concerns with such sellers.
GM not liable for punitive damages in ignition switch cases: U.S. appeals court
NEW YORK (Reuters) - A federal appeals court said General Motors Co
is not liable for punitive damages over accidents that occurred after its 2009 bankruptcy and involved vehicles it produced earlier, including vehicles with faulty ignition switches.
Without a China trade deal, the U.S. will hike tariffs: Trump
WASHINGTON (Reuters) - The United States would raise tariffs on Chinese imports if no deal is reached with Beijing to end a trade war, U.S. President Donald Trump said on Tuesday, threatening an escalation of the spat that has damaged economic growth worldwide.
NTSB cites Uber, distracted backup driver in fatal self-driving crash
WASHINGTON (Reuters) - The U.S. National Transportation Safety Board (NTSB) on Tuesday took Uber
to task for what it said were weaknesses in its approach to safety as it laid out its findings in the investigation of the first-ever death involving a self-driving vehicle, which also cited the vehicle's back-up safety driver.
OxyContin maker Purdue Pharma to pay states' lawyers, urged to help victims
(Reuters) - OxyContin maker Purdue Pharma LP got court approval on Tuesday to reimburse millions of dollars in legal fees for states that back its proposed $10 billion settlement of opioid lawsuits, but with a condition meant to help victims of the addiction crisis.
Google enters gaming with cloud-based streaming service Stadia
(Reuters) - Alphabet Inc's Google on Tuesday launched Stadia, a cloud-based service that allows users to stream games including "Assassin's Creed Odyssey" and "NBA 2K20" on Chrome web browser.
Retail sector weighs on Wall Street; Dow and S&P end lower
NEW YORK (Reuters) - The Dow Jones Industrial Average <.DJI> and the S&P 500 <.SPX> fell from record levels on Tuesday as dour forecasts from retailers Home Depot and Kohl's fueled worries about consumer spending and the U.S.-China trade dispute dragged on.
Former Goldman Sachs CEO pushes back on Warren's criticism, wealth tax
NEW YORK (Reuters) - Former Goldman Sachs Group Inc
Chief Executive Lloyd Blankfein pushed back on Tuesday against Elizabeth Warren's criticism of him and other prominent billionaires, saying the singling out of individuals makes him fear for the "political process in the United States."
Sales of grounded Boeing 737 MAX gather pace at Dubai Airshow
DUBAI (Reuters) - Boeing Co
won fresh support for its grounded 737 MAX at the Dubai Airshow on Tuesday as airlines laid out plans to buy up to 50 of the jets worth $6 billion at list prices, a day after securing the first firm order since a safety ban in March.