Pompeo says world should have eyes wide open about Chinese tech risks

U.S. Secretary of State Mike Pompeo signs a guest book as he arrives to meet with Philippines Foreign Secretary Teodoro Locsin Jr., left, at the Philippines Department of Foreign Affairs Home Office in Manila, Philippines, March 1, 2019. Andrew Harnik/Pool via REUTERSMANILA (Reuters) – U.S Secretary of State Mike Pompeo said on Friday that the […]

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Southwest takes mechanics union to court over flight disruption

FILE PHOTO: Southwest Airlines planes are seen in front of the Las Vegas strip, Nevada, United States April 23, 2015. REUTERS/Lucy Nicholson/File PhotoCHICAGO (Reuters) – Southwest Airlines filed a lawsuit against its mechanics union on Thursday, accusing the workers of an illegal campaign to disrupt operations in order to improve their position in prolonged labor […]

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Asian shares up after MSCI announces China weighting boost

SHANGHAI (Reuters) – Asian shares rose on Friday, driven by a rally in Chinese markets after index publisher MSCI announced it would boost the proportion of mainland shares in its global benchmarks, while strong U.S. economic data helped the dollar higher. An investor checks stock information on a mobile phone at a brokerage house in […]

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Japan’s Subaru announces biggest-ever global recall over brake lights

FILE PHOTO – The Subaru booth displays the company logo at the North American International Auto Show in Detroit, Michigan, U.S. January 16, 2018. REUTERS/Jonathan Ernst/File Photo GLOBAL BUSINESS WEEK AHEADTOKYO (Reuters) – Subaru Corp is recalling around 2.3 million vehicles globally over a brake light problem, the automaker’s biggest-ever recall as it grapples with […]

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Gap to separate Old Navy brand, close stores; shares soar 25 percent

(Reuters) – Gap Inc will separate its better-performing Old Navy brand and shutter about 230 stores of its struggling namesake apparel business, in one of its biggest restructuring efforts to energize sales, sending shares surging 25 percent on Thursday. The company has struggled with contrasting performances of its brands. Old Navy has been a bright […]

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Tesla debuts $35,000 Model 3, sees loss in first quarter

SAN FRANCISCO (Reuters) – Tesla Inc said on Thursday it would not be profitable in the first quarter, as it offered for the first time a $35,000 version of its Model 3 sedan and said its global sales would now be online-only, steps designed to increase demand and cut overhead costs for the electric vehicle […]

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JPMorgan stays with Venezuela in emerging bond indexes: fund managers

SYDNEY (Reuters) – JPMorgan has retained dollar-denominated debt issued by Venezuela’s state-run oil company PDVSA in a key emerging market bond index as part of its monthly rebalancing, according to two fund managers. FILE PHOTO: Cutouts depicting images of oil operations are seen outside a building of Venezuela’s state oil company PDVSA in Caracas, Venezuela […]

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Intellia CEO not involved in Starboard’s Bristol-Myers board challenge

NEW YORK (Reuters) – Intellia Therapeutics Inc Chief Executive John Leonard, who U.S. drug maker Bristol-Myers Squibb Co said last week was nominated by hedge fund Starboard Value LP to sit on its board, is not affiliated with the effort, an Intellia spokeswoman said on Thursday. FILE PHOTO: Logo of global biopharmaceutical company Bristol-Myers Squibb […]

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Asian shares slightly higher, U.S. growth lifts dollar, yields

SHANGHAI (Reuters) – Asian shares inched higher on Friday with broader gains capped by investor caution as concerns about China’s economy and global trade weighed on sentiment while stronger-than-expected U.S. GDP data pushed the dollar up. FILE PHOTO: Visitors look at a stock quotation board at Tokyo Stock Exchange in Tokyo Japan, October 11, 2018. […]

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