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Exclusive: A delicate balance - Toyota took care to make offering to U.S. before China deals

reuters.com - Business News - 12 min 40 sec ago
Toyota Motor Corp last month announced two deals in China that were small in size but large in strategic planning.
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Asian shares off four-month lows, but Huawei row casts shadow

reuters.com - Business News - 56 min 46 sec ago
Asian shares won some respite on Tuesday after Washington temporarily eased trade restrictions imposed last week on China's Huawei, although fears of a further escalation in tensions kept investors on edge.
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U.S. airline group sees record summer travel, despite 737 MAX grounding

reuters.com - Business News - 58 min 8 sec ago
U.S. summer air travel will hit a new record this year despite the grounding of Boeing's 737 MAX aircraft after two fatal crashes, a group representing major airlines said on Tuesday.
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U.S. eases restrictions on Huawei; founder says U.S. underestimates Chinese firm

reuters.com - Business News - 1 hour 43 min ago
The U.S. government has temporarily eased trade restrictions imposed last week on China's Huawei, a move aimed at minimizing disruption for its customers but dismissed by its founder who said the tech firm had prepared for U.S. action.
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U.S. eases restrictions on China's Huawei to keep networks, phones operating

reuters.com - Business News - 3 hours 24 min ago
The U.S. government on Monday temporarily eased some trade restrictions imposed last week on China's Huawei, a move that sought to minimize disruption for the telecom company's customers around the world.
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Huawei founder says U.S. government is underestimating company: state media

reuters.com - Business News - 3 hours 34 min ago
The U.S. government's temporary easing of trade restrictions on Huawei Technologies bears little meaning on the company as the Chinese firm has made preparations, Huawei's founder Ren Zhengfei told state broadcaster CCTV on Tuesday in an interview.
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Oil rises on escalating U.S.-Iran tensions; trade war concerns weigh

reuters.com - Business News - 3 hours 39 min ago
Oil prices edged up on Tuesday on escalating tensions between the United States and Iran and on signs that producer club OPEC will continue withholding supply this year.
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Asian shares near four-month lows on Huawei fallout fears

reuters.com - Business News - 3 hours 42 min ago
Asian shares wobbled near four-month lows on Tuesday on mounting worries the White House's black-listing of Chinese telecom giant Huawei Technologies could further inflame already tense relations between the Washington and Beijing.
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Oil prices rise on rising Middle East tension, ongoing OPEC supply cut

reuters.com - Business News - 4 hours 15 min ago
Oil prices edged up on Tuesday on signs that producer club OPEC will continue withholding supply this year and as tensions between the United States and Iran escalated.
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U.S. eases some restrictions on China's Huawei to keep networks operating

reuters.com - Business News - 4 hours 42 min ago
The U.S. government on Monday temporarily eased some trade restrictions imposed last week on China's Huawei, a move that sought to minimize disruption for the telecom company's customers around the world.
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McGahn 'obligated' to follow Trump's instructions not to testify, lawyer says

MarketWatch.com - MarketPulse - 6 hours 7 min ago

Former White House counsel Don McGahn is "obligated" to follow President Donald Trump's instructions not to testify before a House panel, his lawyer said in a statement late Monday. "Mr. McGahn remains obligated to maintain the status quo and respect the president's instruction," attorney William Burck said. "In the event an accommodation is agreed between the committee and the White House, Mr. McGahn will of course comply with that accommodation." The House Judiciary Committee has subpoenaed McGahn to testify in a hearing scheduled for Tuesday regarding special counsel Robert Mueller's investigation. House Democrats have suggested they may hold McGahn in contempt if he fails to appear.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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American Airlines asks court to block disruptive 'slowdown' by mechanics unions

reuters.com - Business News - 6 hours 28 min ago
American Airlines Group Inc has filed a lawsuit against two unions representing its mechanics, asking the court to halt what it called an illegal slowdown that it said on Monday threatened to disrupt U.S. summer travel.
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Legg Mason names Trian's Peltz, Garden to board

reuters.com - Business News - 6 hours 45 min ago
Legg Mason Inc said on Monday it had appointed Trian Fund Management LP's Nelson Peltz and Ed Garden as directors, raising the size of its board to 12 members.
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Walmart, Target, Bed Bath must face lawsuit over fake 'Egyptian' cotton: NY judge

reuters.com - Business News - 6 hours 53 min ago
A federal judge said Walmart Inc, Target Corp and Bed Bath & Beyond Inc must face a lawsuit claiming they sold linens that were falsely labeled "100% Egyptian Cotton" or "100% Long-Staple Egyptian cotton" despite being suspicious of their origin.
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U.S. eases some restrictions on China's Huawei to keep mobile networks operating

reuters.com - Business News - 6 hours 59 min ago
The U.S. government on Monday eased some restrictions imposed last week on China's Huawei, a sign of how the prohibitions on the telecommunications company may have far-reaching and unintended consequences.
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Legg Mason reaches deal with activist hedge fund Trian

MarketWatch.com - MarketPulse - 7 hours 1 min ago

Legg Mason Inc. said late Monday it has appointed Nelson Peltz and Ed Garden of activist hedge fund Trian Fund Management to the company's board, effective immediately, increasing the size of the board to 12 from 10. Peltz is Trian's chief executive officer and founding partner, and Garden is Trian's chief investment officer and also a founding partner. Trian Partners owns about 4.5% of Legg Mason's stock. Trian will also get to nominate a third independent director who, pending board approval, will be included as a director nominee on the slate of nominees recommended by the board at the annual meeting. The board will appoint or nominate at least two other independent candidates, the company said. The three new independent directors will replace three incumbent directors, two of whom have reached the company's retirement-age guidelines, it said.The Wall Street Journal on Friday reported that Legg Mason was nearing a settlement with Trian to avoid a proxy fight, with Trian pressuring for cost cuts and other measures.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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T-Mobile's deal for Sprint gets big boost from FCC commission

reuters.com - Business News - 7 hours 2 min ago
T-Mobile US Inc's $26 billion acquisition of rival Sprint Corp appeared to win the support of a majority of the Federal Communications Commission on Monday, in a significant step toward the deal's approval.
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Slack nearly doubles expected funding from IPO, changes planned ticker

MarketWatch.com - MarketPulse - 7 hours 25 min ago

Slack Technologies Inc. said late Monday it expects to raise nearly double the amount it had previously indicated in its initial public offering and changed its proposed ticker symbol. In a filing with the Securities and Exchange Commission, the messaging app company said it plans to raise up to $196.5 million in its IPO, up from a previous "placeholder" figure of $100 million, and registered nearly 117 million shares of stock, a detail missing from its previous S-1 filing in late April. Slack also said it changed its proposed NYSE-ticker symbol to "WORK" from "SK."

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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Worries of longer, costlier U.S.-China trade war hits markets

reuters.com - Business News - 7 hours 48 min ago
Worries that the United States and China were digging in for a longer, costlier trade war weighed on financial markets on Monday as Beijing accused Washington of harboring "extravagant expectations" for a deal to end their dispute.
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Merck shares slip as Keytruda fails another clinical trial

MarketWatch.com - MarketPulse - 7 hours 52 min ago

Merck & Co. shares slipped in the extended session Monday after the drug maker said its cancer treatment Keytruda failed to meet clinical endpoints in another late-stage study. Merck shares declined 0.7% after hours, following a 0.2% rise to close the regular session at $78.88. In a Phase 3 clinical study, Merck said Keytruda "did not meet its pre-specified primary endpoint of superior overall survival" compared with chemotherapy in a subset of breast cancer patients. In late April, Merck said Keytruda did not show significant improvement over chemotherapy in gastric cancer patients. For the year, Merck shares are up 3.2%, compared with a 13.3% rise in the S&P 500 index .

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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