Masimo sues US Customs over approval of Apple Watch imports
By Blake Brittain WASHINGTON (Reuters) -Medical monitoring technology company Masimo sued U.S. Customs and Border…
Boeing in talks to sell up to 500 jets to China, Bloomberg News reports
(Reuters) -Boeing is in talks to sell as many as 500 jets to China, Bloomberg News reported on Thursday, citing people familiar with the matter. Shares of the U.S. planemaker rose 2% before the market open as the potential order would be China’s first major purchase of Boeing jets since U.S. President Donald Trump’s visit…
Wall Street closes down as investors brace for Powell’s speech
By Johann M Cherian, Sanchayaita Roy and Carolina Mandl (Reuters) -Wall Street’s main indexes fell on Thursday as investors feared potentially hawkish remarks by the Federal Reserve chair on Friday that could spark volatility, while big-box retailer Walmart’s quarterly results dampened sentiment. All eyes are on the Jackson Hole Economic Policy Symposium where Fed Chair…
Rise in US jobless claims adds to signs of labor market softness
By Dan Burns (Reuters) -The number of Americans filing new applications for jobless benefits rose by the most in about three months last week and the number of people collecting unemployment relief in the prior week climbed to the highest level in nearly four years, signaling recent labor market softness continued into August. The data…
NBCUniversal, MLB nearing three-year deal approaching $600 million, WSJ reports
(Reuters) -Comcast-owned NBCUniversal is in advanced talks with Major League Baseball to carry games on NBC and the Peacock streaming service in a three-year deal approaching $200 million annually, the Wall Street Journal reported on Thursday. Netflix is also close to a deal with MLB to stream the ‘Home Run Derby’ for more than $35…
US court reopens Citgo parent auction for bids, winner to be recommended this month
HOUSTON (Reuters) -A U.S. judge on Monday authorized a court officer overseeing an auction of shares in the parent of Venezuela-owned refiner Citgo Petroleum to receive and negotiate improved bids this week before confirming or changing the winner recommendation he made last month. A final winner recommendation in the complex court-organized auction is expected to…
Measles outbreak ends in West Texas, health officials say
(Reuters) -The measles outbreak in West Texas has ended, state health officials said on Monday, after meeting the criteria of six weeks since the last reported case. Texas is now shifting focus to vaccination campaigns to strengthen immunity and prevent future outbreaks, the Department of State Health Services (DSHS) said. The outbreak, which began in…
Hedge funds snap up US stocks ahead of likely Fed rate cuts, says Goldman Sachs
By Nell Mackenzie LONDON (Reuters) -Hedge funds bought U.S. stocks at the fastest pace in seven weeks during the week to August 15, in anticipation of a long awaited interest rate cut expected from the Federal Reserve in September, according to a Goldman Sachs client note. Hedge funds bought indices and financial products that rise…
Texas Democrats end walkout as Republicans try to pass redrawn map
By Maiya Keidan and Brad Brooks (Reuters) -Democratic lawmakers in Texas returned to the state on Monday, ending a walkout that broke quorum and blocked Republican efforts to redraw congressional maps at the behest of U.S. President Donald Trump. Texas House of Representatives Minority Leader Gene Wu, chairperson of the Texas House Democratic Caucus, said…
Ukraine says U.S. investment fund delegation will visit in September
KYIV (Reuters) -Ukrainian officials working on a joint investment fund with the U.S. are preparing for a visit by their American counterparts in September, Kyiv’s economy minister said on Monday. Ukraine and the U.S. established the fund this year as part of a critical minerals deal aimed at shoring up ties and eventually rebuilding swathes…
Trump administration said to discuss taking 10% in Intel, Bloomberg News reports
(Reuters) -The Trump administration is said to discuss taking a 10% stake in American chipmaker Intel, Bloomberg News reported on Monday, citing a White House official and other people familiar with the matter. Shares of the company were down 3.8%. The federal government is considering a potential investment in Intel that would involve converting some…
