U.S. President Donald Trump's plan to slap new tariffs on Chinese imports comes on the heels of unexpectedly strong second-quarter results for automakers, consumer products companies and restaurant chains, boosted by spending on high-end products
PG&E Corp on Thursday told a U.S. bankruptcy judge that it had reached agreements to cut prices by at least 10per cent on five power contracts, according to court papers.
Federal banking regulators had inspected Amazon.com Inc's Virginia facility earlier in April, the Wall Street Journal reported on Thursday, citing people familiar with the matter.
NEW YORK: Strong demand for pricey, high-end trucks in North America boosted General Motors' earnings, offsetting lower car sales, especially in China, the company announced on Thursday (Aug 1). The biggest US car manufacturer reported slightly higher second-quarter profits, and highlighted the ...
The Federal Trade Commission is probing Facebook Inc to check if the social media company's acquisitions were aimed at snapping up potential rivals before they could become a threat, reported the Wall Street Journal, citing people familiar with the matter.
Pinterest Inc reported second-quarter revenue above Wall Street estimates on Thursday, as the online scrapbook company added more monthly active users, sending shares up 13per cent in extended trading.
The Pentagon has decided to put on hold its decision to award a US$10 billion cloud computing contract after President Donald Trump said his administration was examining Amazon.com Inc's bid following complaints from other tech companies.
Alphabet Inc's Google has suspended reviewing voice recordings from its Google Assistant virtual helper in the European Union after a leak of Dutch audio data, a company spokeswoman told Reuters on Thursday.
Texas on Thursday joined 13 states seeking to stop T-Mobile US Inc's US$26 billion merger with Sprint Corp, saying it would mean higher cellphone service prices for consumers, as a judge delayed a trial in their lawsuit until Dec. 9.
Chinese officials are not about to bet on the 2020 US presidential election in formulating their strategic response to the trade conflict, says Stephen S Roach.
