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U.S., China sprint to seal deal ahead of Trump’s deadline

U.S., China sprint to seal deal ahead of Trump’s deadline
WASHINGTON (Reuters) – U.S. and Chinese negotiators met for over seven hours on Saturday to resolve their trade dispute and avoid an escalation of the tit-for-tat tariffs that have already disrupted global commerce, slowed the world economy and roiled financial markets. U.S. President Donald Trump meets with Chinese Vice Premier Liu He in the Oval Office at the White House... Read More

Roche nearing $5 billion deal to acquire Spark Therapeutics: WSJ

Roche nearing $5 billion deal to acquire Spark Therapeutics: WSJ
FILE PHOTO – The logo of Swiss pharmaceutical company Roche is seen outside the Shanghai Roche Pharmaceutical Co. Ltd. headquarters in Shanghai May 22, 2014. REUTERS/Aly Song (Reuters) – Swiss drugmaker Roche Holding AG is nearing a deal to acquire U.S. biotechnology company Spark Therapeutics Inc, the Wall Street Journal reported on Saturday, citing people familiar with the matter. The... Read More

Buffett appears to fault Trump, laments deals dearth in Berkshire letter

Buffett appears to fault Trump, laments deals dearth in Berkshire letter
(Reuters) – Warren Buffett on Saturday appeared to fault U.S. President Donald Trump for taking too much credit for the nation’s economic growth, while acknowledging that market conditions are making it tough for his Berkshire Hathaway Inc to find more big companies to buy. FILE PHOTO: Warren Buffett, CEO of Berkshire Hathaway Inc, tours the exhibit hall at the company’s... Read More

Southwest CEO says mechanics deserve new contract, but company wants ‘flexibility’

Southwest CEO says mechanics deserve new contract, but company wants ‘flexibility’
CHICAGO (Reuters) – Southwest Airlines Co’s mechanics, who have been in labor contract talks for more than six years, deserve a new deal that makes them among the best paid in the airline industry, but the low-cost U.S. carrier needs “more supplier flexibility” in return, the company’s chief executive said. FILE PHOTO: Southwest Airlines planes are seen in front of... Read More

Buffett appears to fault Trump, laments M&A dearth in Berkshire shareholder letter

Buffett appears to fault Trump, laments M&A dearth in Berkshire shareholder letter
(Reuters) – Warren Buffett on Saturday appeared to fault U.S. President Donald Trump for taking too much credit for the nation’s economic growth, while acknowledging that market conditions are making it tough for his Berkshire Hathaway Inc to find more big companies to buy. FILE PHOTO: Warren Buffett, CEO of Berkshire Hathaway Inc, tours the exhibit hall at the company’s... Read More

Falling stocks, Kraft Heinz trigger huge Berkshire loss

Falling stocks, Kraft Heinz trigger huge Berkshire loss
FILE PHOTO: Warren Buffett, CEO of Berkshire Hathaway Inc, plays bridge as part of the company annual meeting weekend in Omaha, Nebraska U.S. May 6, 2018. REUTERS/Rick Wilking/File Photo (Reuters) – Sinking stocks and deteriorating prospects from an investment in Kraft Heinz Co pummeled the bottom line of Warren Buffett’s Berkshire Hathaway Inc, which on Saturday reported a large quarterly... Read More

Egypt’s top administrative court lifts ban on Uber, Careem services

Egypt’s top administrative court lifts ban on Uber, Careem services
FILE PHOTO – A man walks near a banner of ride-sharing app Uber during a news conference in Cairo, Egypt, December 4, 2018. REUTERS/Lena Masri CAIRO (Reuters) – Egypt’s top administrative court on Saturday lifted a ban on operations by ride-hailing companies Uber and Careem, which have faced fierce opposition from traditional taxi drivers, a judicial source and lawyer said.... Read More