White House says it will meet two-year deadline for Huawei ban for contractors

White House says it will meet two-year deadline for Huawei ban for contractors
FILE PHOTO: A Huawei company logo is seen at CES (Consumer Electronics Show) Asia 2019 in Shanghai, China June 11, 2019. REUTERS/Aly Song WASHINGTON (Reuters) – The White House Office of Management and Budget has told the U.S. Congress it will now meet a two-year deadline to ban federal contracts with companies that do business with Chinese telecom giant Huawei,... Read More

Nissan CEO: Will discuss differences in views with ‘important’ partner Renault – Jiji

Nissan CEO: Will discuss differences in views with ‘important’ partner Renault – Jiji
FILE PHOTO: Nissan President and Chief Executive Officer Hiroto Saikawa speaks during a news conference at its global headquarters building in Yokohama, Japan, December 17, 2018. REUTERS/Kim Kyung-Hoon TOKYO (Reuters) – Nissan Motor’s chief executive said on Thursday he would discuss differences in views over the automaker’s plan to reform its governance directly with Renault, calling the French car maker... Read More

Jet.com falls by wayside as Walmart focuses on its website, online grocery

Jet.com falls by wayside as Walmart focuses on its website, online grocery
WASHINGTON (Reuters) – Walmart Inc on Wednesday announced a sweeping overhaul at Jet.com, an online start-up it acquired in 2016 for $3.3 billion, after it failed to live up to the world’s largest retailer’s e-commerce ambitions. FILE PHOTO: Walmart’s logo is seen outside one of the stores in Chicago, Illinois, U.S., November 20, 2018. REUTERS/Kamil Krzaczynski Walmart said it will... Read More

Morgan Stanley wants majority stake in Chinese joint venture: CEO

Morgan Stanley wants majority stake in Chinese joint venture: CEO
FILE PHOTO: James P. Gorman, chairman & CEO of Morgan Stanley, testifies before a House Financial Services Committee hearing on “Holding Megabanks Accountable: A Review of Global Systemically Important Banks 10 Years After the Financial Crisis” on Capitol Hill in Washington, U.S., April 10, 2019. REUTERS/Aaron P. Bernstein MONTREAL (Reuters) – Morgan Stanley wants to obtain majority ownership of a... Read More

Trump leaves China tariff deadline open, calls relationship ‘testy’

Trump leaves China tariff deadline open, calls relationship ‘testy’
WASHINGTON (Reuters) – U.S. President Donald Trump declined to set a deadline on Wednesday for levying tariffs on another $325 billion of Chinese goods and called the relationship with Beijing good but “testy” after China walked back commitments for a trade deal. FILE PHOTO: U.S. President Donald Trump speaks at a fundraiser in Des Moines, Iowa, June 11, 2019. REUTERS/Kevin... Read More

Republican senator criticizes potential dual U.S. antitrust tech probes

Republican senator criticizes potential dual U.S. antitrust tech probes
FILE PHOTO: The logos of Amazon, Apple, Facebook and Google in a combination photo from Reuters files. REUTERS WASHINGTON (Reuters) – The Republican chairman of the Senate’s antitrust panel criticized plans by the Justice Department and Federal Trade Commission to potentially investigate four of the biggest U.S. tech firms. News broke earlier this month that the Justice Department would look... Read More

Jeffrey Gundlach’s DoubleLine to launch Income Fund: SEC filings

Jeffrey Gundlach’s DoubleLine to launch Income Fund: SEC filings
FILE PHOTO: Jeffrey Gundlach, CEO of DoubleLine Capital LP, presents during the 2019 Sohn Investment Conference in New York City, U.S., May 6, 2019. REUTERS/Brendan McDermid (Reuters) – DoubleLine Capital, run by widely followed investor Jeffrey Gundlach, is planning to launch a new fund that will invest in mortgage-backed securities, other asset-backed securities and collateralized loan obligations, according to Securities and... Read More