China and U.S. to hold trade talks in Beijing on January 7-8

China and the United States will hold vice ministerial level trade talks in Beijing on Jan. 7-8, as the two sides look to end a dispute that is inflicting increasing pain on both economies and roiling global financial markets.


Posted 2019/01/04 03:13:28

Pelosi regains gavel as speaker of most diverse U.S. House ever

Nancy Pelosi again became the most powerful woman in American politics on Thursday, gathering dozens of children around her as she took the oath of office as the next speaker of a diverse and deeply divided U.S. House of Representatives.


Posted 2019/01/04 03:08:30

House passes bills that would end government shutdown, without wall funds

The U.S. House of Representatives, where Democrats now hold a majority, approved legislation on Thursday to end a partial government shutdown that began nearly two weeks ago at several federal agencies and fund the Department of Homeland Security through Feb. 8.


Posted 2019/01/04 03:02:40

U.S. judge limits evidence in trial over Roundup cancer claims

A federal judge overseeing lawsuits alleging Bayer AG's glyphosate-based weed killer causes cancer has issued a ruling that could severely restrict evidence that the plaintiffs consider crucial to their cases.


Posted 2019/01/04 02:45:10

Pioneering Southwest Airlines co-founder Herb Kelleher dies at 87

Herb Kelleher, who co-founded pioneering low-cost carrier Southwest Airlines Co and built it into an industry powerhouse stamped with his colorful, unconventional personality, died on Thursday at age 87, the U.S. carrier said.


Posted 2019/01/04 02:15:31

Canada says 13 citizens detained in China since Huawei CFO arrest

Canada said on Thursday that 13 of its citizens have been detained in China since Huawei Technologies Co [HWT.UL] Chief Financial Officer Meng Wanzhou was arrested last month in Vancouver at the request of the United States.


Posted 2019/01/04 02:01:12

Wall Street plunges as factory data, Apple warning fuel slowdown fears

Wall Street plunged on Thursday after slowing U.S. factory activity on the heels of a dire revenue warning from Apple Inc fueled fears of a global economic slowdown.


Posted 2019/01/03 21:51:53

Stocks slammed, Treasury yields fall, yen surges

U.S. stocks plunged on Thursday and 2-year U.S. Treasury yields dropped below the Federal Reserve's policy rate for the first time in more than a decade, delivering a signal the U.S. central bank could begin reversing its tightening regime before long.


Posted 2019/01/03 21:51:20

Apple shares dive; rare revenue warning drags global markets

Apple Inc shares plunged 10 percent on Thursday after the iPhone maker blamed weak China demand for a holiday-quarter revenue shortfall, with many investors worried the rare stumble was a harbinger for slowing global growth.


Posted 2019/01/03 21:36:58

Bristol-Myers to buy Celgene for $74 billion in largest biopharma deal

Bristol-Myers Squibb Co said on Thursday it would buy Celgene Corp for about $74 billion, combining two of the world's largest cancer drug businesses in the biggest pharmaceutical deal ever.


Posted 2019/01/03 20:43:47

Petrobras, Brazil government expect to resolve dispute within 100 days: minister

Brazil's government and state-run oil firm Petroleo Brasileiro SA expect to resolve a dispute over the oil producing zone known as the 'transfer-of-rights' area within 100 days, a minister said on Thursday.


Posted 2019/01/03 20:42:36

Father and son advised on opposite sides of Bristol-Celgene deal

For most U.S. families, the holidays are all about gathering around the fireplace, overeating at festive dinners, and playing the occasional board game. But this year, a father and son were also working on the biggest pharmaceutical acquisition of all time.


Posted 2019/01/03 20:09:14

New York governor blocks full shutdown of subway line for repairs

More than two years after the announcement that one of New York City's busiest subway lines would stop running between Manhattan and Brooklyn to allow for repairs, New York Governor Andrew Cuomo said on Thursday that service would not be halted after all.


Posted 2019/01/03 19:21:50

U.S. House elects Democrat Pelosi to be speaker for 2019-2020

Democrat Nancy Pelosi was elected on Thursday to be the new speaker of the U.S. House of Representatives as her party took majority control of the chamber following its election victory last Nov. 6.


Posted 2019/01/03 19:21:22

On Day 1 in power, House Democrats challenge Trump on shutdown

Democrats wasted no time flexing their new power in the U.S. House of Representatives on Thursday as they maneuvered to pass legislation that would end a 13-day partial government shutdown while ignoring President Donald Trump's demand for $5 billion for a border wall.


Posted 2019/01/03 19:07:43

U.S. warns Iran on space launches, Tehran rejects concerns

The United States issued a pre-emptive warning to Iran on Thursday against pursuing three planned space rocket launches that it said would violate a U.N. Security Council resolution because they use ballistic missile technology.


Posted 2019/01/03 18:47:01

Bristol-Myers bulks up with $74 billion deal to buy Celgene

Bristol-Myers Squibb Co said on Thursday it would buy Celgene Corp for about $74 billion, creating one of the biggest pharmaceutical companies and combining two significant cancer drug businesses.


Posted 2019/01/03 18:37:12

Cost to insure Bristol-Myers debt jumps as leverage balloons

The cost to insure Bristol-Myers Squibb debt hit its highest point since May 2010 on Thursday, following the announcement that the U.S. pharmaceutical company would acquire rival Celgene Corp in a deal worth about $74 billion.


Posted 2019/01/03 18:34:53

Wall Street tumbles on weak factory data, Apple warning

U.S. stocks fell about 2 percent on Thursday as a key gauge of factory activity suffered its biggest drop in a decade, rattling investors already spooked by a rare profit warning from Apple Inc .


Posted 2019/01/03 18:31:00

Google shifted $23 billion to tax haven Bermuda in 2017: filing

Google moved 19.9 billion euros ($22.7 billion) through a Dutch shell company to Bermuda in 2017, as part of an arrangement that allows it to reduce its foreign tax bill, according to documents filed at the Dutch Chamber of Commerce.


Posted 2019/01/03 18:27:57