Trump rules out for now cutting capital-gains taxes

Trump rules out for now cutting capital-gains taxes
FILE PHOTO: U.S. President Donald Trump arrives to address the 2019 National Historically Black Colleges and Universities (HBCU) week conference in Washington, U.S., September 10, 2019. REUTERS/Leah Millis WASHINGTON (Reuters) – U.S. President Donald Trump has ruled out for now slashing taxes on capital gains after a meeting with his advisers, a White House spokesman said on Wednesday. The Wall... Read More

Blackstone raises $20.5 billion for largest ever real estate fund

Blackstone raises $20.5 billion for largest ever real estate fund
(Reuters) – U.S. private equity firm Blackstone Group Inc said on Wednesday it has raised the largest ever real estate fund, amassing $20.5 billion to be invested in property assets around the world. Large buyout firms such as Blackstone have been attracting a lot of capital from investors seeking higher returns not available in public markets. The capital ready to... Read More

U.S., China grant trade concessions ahead of fresh talks

U.S., China grant trade concessions ahead of fresh talks
WASHINGTON/BEIJING (Reuters) – U.S. President Donald Trump on Wednesday welcomed China’s decision to exempt some U.S. anti-cancer drugs and other goods from its tariffs and announced a delay to scheduled tariff hikes on billions worth of Chinese goods. Beijing’s exemptions and Washington’s delay came days ahead of a planned meeting aimed at defusing a trade war between the world’s two... Read More

U.S. judge approves novel framework for opioid settlement talks

U.S. judge approves novel framework for opioid settlement talks
(Reuters) – A federal judge on Wednesday approved the substance of a proposal by lawyers representing cities and counties suing drug companies over the U.S. opioid epidemic that would bring every state and municipality in the country into their settlement talks. FILE PHOTO: Bottles of several opioid based medication at a pharmacy in Portsmouth, Ohio, June 21, 2017. REUTERS/Bryan Woolston/File... Read More

Trump: U.S. agrees to delay tariff hike on some Chinese goods by two weeks

Trump: U.S. agrees to delay tariff hike on some Chinese goods by two weeks
FILE PHOTO: U.S. President Donald Trump speaks to reporters at the White House before departing to Fayetteville, North Carolina in Washington, U.S. September 9, 2019. REUTERS/Erin Scott/File Photo WASHINGTON (Reuters) – U.S. President Donald Trump said on Wednesday the United States has agreed to delay increasing tariffs on $250 billion worth of Chinese imports from Oct. 1 to Oct. 15... Read More

Top U.S. trade official submits USMCA ideas to Democrats: lawmakers

Top U.S. trade official submits USMCA ideas to Democrats: lawmakers
WASHINGTON (Reuters) – The Trump administration on Wednesday sent U.S. House of Representatives Democrats its latest proposals for addressing legislators’ concerns about the new U.S.-Mexico-Canada trade deal, lawmakers and congressional sources said. FILE PHOTO: U.S. Trade Representative Robert Lighthizer testifies before a Senate Finance Committee hearing on “The President’s 2019 Trade Policy Agenda and the United States-Mexico-Canada Agreement” on Capitol... Read More

Harley Davidson to lay off 40 employees in Wisconsin

Harley Davidson to lay off 40 employees in Wisconsin
FILE PHOTO: Harley-Davidson motorcycles are on display at the company’s headquarter in Milwaukee, Wisconsin, U.S., February 7, 2018. REUTERS/Rajesh Kumar Singh CHICAGO (Reuters) – Harley-Davidson Inc has laid off 40 employees at its general merchandise division in Milwaukee as part of a restructuring exercise, according to a company official with knowledge of the matter. In an emailed response to Reuters,... Read More

Oracle CEO Mark Hurd takes medical leave; first-quarter revenue misses

Oracle CEO Mark Hurd takes medical leave; first-quarter revenue misses
(Reuters) – Oracle Corp (ORCL.N) said on Wednesday Chief Executive Officer Mark Hurd would be taking a medical leave, and the business software maker posted first-quarter revenue that missed Wall Street expectations. FILE PHOTO: Mark Hurd, CEO of Oracle Corporation, speaks at the Wall Street Journal Digital conference in Laguna Beach, California, U.S. October 18, 2017. REUTERS/Lucy Nicholson The company’s... Read More

AT&T sees weakness in wireless gear unit weighing on third-quarter revenue

AT&T sees weakness in wireless gear unit weighing on third-quarter revenue
FILE PHOTO: The AT&T logo is pictures on a building in Los Angeles, California, U.S. August 10, 2017. REUTERS/Mike Blake (Reuters) – AT&T Inc said on Wednesday weakness in its wireless equipment unit could weigh on its third-quarter revenue. Low upgrade rates are hurting its wireless equipment revenue, AT&T said. The company also said it expects current-quarter revenue at its... Read More