Reuters: Business News
- GM, doubling down on big SUVs, unveils longer Chevy Tahoe, Suburban December 11, 2019General Motors Co could expand the lineup of vehicles using its large truck and sport utility vehicle architecture and sees big opportunities in over-the-air software updates, President Mark Reuss told Reuters on Tuesday.
- Huawei's CFO wins Canada court fight to see more documents related to her arrest December 11, 2019Lawyers for Huawei's chief financial officer have won a court battle after a judge asked Canada's attorney general to hand over more evidence and documents relating to the arrest of Meng Wanzhou, according to a court ruling released on Tuesday.
- U.S. senators threaten Facebook, Apple with encryption regulation December 11, 2019U.S. senators grilled Apple Inc and Facebook Inc executives over their encryption practices on Tuesday and threatened to regulate the technology unless the companies make encrypted user data accessible to law enforcement.
- Exxon wins climate change lawsuit, as cases over global warming proliferate December 11, 2019Exxon Mobil Corp on Tuesday scored a win in a closely-watched case after a judge ruled that the company did not hide the true cost of climate change regulation from investors.
- Exxon Mobil scores win in New York climate change lawsuit December 11, 2019Exxon Mobil Corp won a major victory in a closely-watched lawsuit on Tuesday when a judge ruled that the company did not defraud investors out of up to $1.6 billion by hiding the true cost of climate change regulation.
- Trump's Dec. 15 China tariffs threaten a long list of Christmas favorites December 11, 2019U.S. President Donald Trump has days to decide whether to impose tariffs on nearly $160 billion in Chinese consumer goods just weeks before Christmas, a move that could be unwelcome in both the United States and China.
- Trump will have final say on U.S.-China trade deal: White House trade adviser December 11, 2019U.S. President Donald Trump will be the one to make the final decision on tariffs and the U.S.-China trade deal, White House trade adviser Peter Navarro said on Tuesday.
- Exclusive: Malaysia's Mahathir hopeful of 1MDB settlement with Goldman soon December 11, 2019Malaysian Prime Minister Mahathir Mohamad is hopeful of reaching an out-of-court settlement with Goldman Sachs over the 1MDB scandal soon, but he said compensation of "one point something billion" dollars offered by the bank was too small.
- Asian shares adrift as tariff deadline looms December 11, 2019Asian stocks flatlined on Wednesday as Sino-U.S. trade talks approached a weekend deadline with little sign of progress, while a tightening of the UK election race knocked the pound.
- U.S., Canada and Mexico sign agreement - again - to replace NAFTA December 11, 2019Top officials from Canada, Mexico and the United States signed a fresh overhaul of a quarter-century-old trade pact on Tuesday that aims to improve enforcement of worker rights and hold down prices for biologic drugs by eliminating a patent provision.
- Factbox: U.S. House Democrats back USMCA: What happens next? December 11, 2019U.S. House Democrats on Tuesday backed a renegotiated version of the U.S.-Mexico-Canada (USMCA) trade agreement after a year of often acrimonious negotiations with the White House, and it was signed by the United States, Canada and Mexico.
- Chevron expects $10 billion-$11 billion charge in fourth quarter; plans asset sales December 10, 2019U.S. oil major Chevron Corp on Tuesday said it expects to write down the value of its assets $10 billion to $11 billion this quarter and is considering selling some natural gas projects to prepare for long term low prices.
- Wall Street slips as tariff deadline closes in December 10, 2019Wall Street's main stock indexes ended slightly lower on Tuesday, though not far from record highs, as investors awaited concrete news on whether a new round of U.S. tariffs on Chinese goods would take effect on Dec. 15, a potential turning point in a trade dispute between the world's two largest economies that has convulsed […]
- Factbox: Labor, environment, drugs top changes to North American trade deal December 10, 2019Stronger worker and environmental protections top the changes to a new version of the North American trade deal signed by top U.S., Mexican and Canadian officials on Tuesday that clears the way for a long-delayed vote in the U.S. Congress.
- Senate Democratic leader Schumer 'waiting to see the writing' on USMCA December 10, 2019Senate Democratic leader Chuck Schumer said on Tuesday he would wait to see the written form of the U.S. Mexico Canada trade pact before making a determination on it.
- Pelosi to speak on USMCA as officials close in on trade deal December 10, 2019U.S. House Speaker Nancy Pelosi will hold a news conference on Tuesday to discuss the U.S. Mexico Canada (USMCA) trade deal as U.S. and Canadian officials prepared to fly to Mexico City to work on final changes to the agreement.
- United Steelworkers union says supports approval of revised USMCA trade deal December 10, 2019The United Steelworkers International (USW) union on Tuesday said it supported approval of a revised U.S.-Mexico-Canada trade agreement to replace the 1994 NAFTA trade agreement that it said had sent U.S. jobs to Mexico and depressed wages.
- U.S. attorney general says Big Tech probes to be completed next year December 10, 2019U.S. Attorney General William Barr said on Tuesday that he hoped to have Justice Department investigations of the big tech platforms - Facebook Inc , Alphabet Inc's Google, Amazon.com Inc and Apple Inc - completed next year.
- Drowning in uncertainty: Trade questions slow investment, squeeze profits across U.S. December 10, 2019From a denim plant in rural Georgia to a St. Paul, Minneapolis loudspeaker maker, nagging uncertainty over when President Donald Trump's trade wars might end, if ever, is confounding many U.S. manufacturers.
- Oil rises but U.S.-China trade war weighs on demand outlook December 10, 2019Oil prices inched up on Tuesday as OPEC's deal with associated producers last week to deepen output cuts in 2020 continued to provide a floor for prices, but U.S.-China trade tensions clouded the demand outlook.