Hopes for trade breakthrough fade as China cancels U.S. farm visits
WASHINGTON/CHICAGO (Reuters) - A U.S.-China trade deal appeared elusive on Friday after Chinese officials unexpectedly canceled a visit to farms in Montana and Nebraska as deputy trade negotiators wrapped up two days of negotiations in Washington.
Exclusive: Fitbit considers whether it should explore a sale - sources
(Reuters) - Wearable device maker Fitbit Inc
has been in talks with an investment bank about the possibility of exploring a sale amid challenges in successfully pivoting from fitness trackers to smartwatches, people familiar with the matter said on Friday.
Delaware judge says Tesla board must face trial over Musk's mega-pay package
WILMINGTON, Del. (Reuters) - A Delaware judge ruled on Friday that Tesla Inc's
board of directors must defend at a trial Chief Executive Elon Musk's multibillion dollar pay package, which a shareholder lawsuit said unjustly enriched the head of the electric vehicle company.
Thomas Cook has approached UK government for bailout funds: FT
(Reuters) - Britain's Thomas Cook Group Plc
has approached the UK government for a bailout in an attempt to save itself from collapse after its lenders threatened to pull out of a proposed rescue deal, the Financial Times reported late on Friday.
Fed in three voices: recession, bubbles, and 'in a good place'
(Reuters) - After delivering a split-decision rate cut earlier this week, U.S. Federal Reserve officials put their divisions on full display Friday, with warnings of a slowdown on the one hand and financial risks on the other bookending talk of how well things are going.
Commerzbank aims to cut jobs, branches after Deutsche merger fails
FRANKFURT (Reuters) - Commerzbank said on Friday it wanted to shed thousands of staff and close a fifth of its branches in a strategy overhaul, after the German lender's attempt to merge with Deutsche Bank failed.
Fund managers gird for long trade war after FedEx slide
NEW YORK (Reuters) - A profit warning and muted outlook from package delivery company FedEx Corp
is prompting some high-profile fund managers to prepare for the trade war between the United States and China to last longer than many had originally anticipated.
U.S. trade regulators approve some Apple tariff exemptions amid broader reprieve
(Reuters) - U.S. trade regulators on Friday approved 10 out of 15 requests for tariff exemptions filed by Apple Inc
amid a broader reprieve on levies on computer parts, according to a public docket published by the U.S. Trade Representative and a Federal Register notice.
Warren, Sanders to visit striking GM workers as dispute continues
WASHINGTON (Reuters) - Two major Democratic presidential candidates plan to visit striking General Motors
workers in Detroit in the coming days as a five-day-old labor dispute threatens to enter its second week.
Saudi Aramco sees full oil production from attacked sites by end September
ABQAIQ, Saudi Arabia (Reuters) - Saudi state oil company Aramco said it will bring back by end September full crude output at Abqaiq and Khurais, the two oil facilities damaged by attacks last weekend that U.S. officials have blamed on Iran.