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December 15, 2019
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Reuters - Business

Trade deal removes major hurdle for rally in Apple and tech

Reuters
SAN FRANCISCO (Reuters) – U.S. President Donald Trump’s limited trade deal with China removes a major hurdle for Apple (AAPL.O) and other technology stocks that have already surged this year to record highs. The so-called Phase One deal announced, but still not signed, on Friday suspends the planned imposition of...
Reuters - Business

China to buy additional $32 billion in U.S. farm goods over two years, sign deal in January: USTR

Reuters
WASHINGTON (Reuters) – China has agreed to buy $32 billion of additional U.S. farm products over two years as part of a phase one trade pact, U.S. Trade Representative Robert Lighthizer told reporters on Friday, adding the deal would be signed the first week of January. FILE PHOTO: U.S. Trade...
Reuters - Business

U.S., China agree to reduce tariffs, delay duties scheduled for Dec. 15: source

Reuters
WASHINGTON (Reuters) – The United States has agreed to reduce some tariffs on Chinese goods and delay a tranche of tariffs that were slated to go into effect on Dec. 15 as part of a trade deal between the two economic giants, a U.S. source familiar with the situation said...
Reuters - Business

Australia tells Facebook and Google to commit to competition rules, or else

Reuters
SYDNEY (Reuters) – Australia said on Thursday technology giants such as Facebook Inc (FB.O) and Google (GOOGL.O) will have to agree to new rules to ensure they do not abuse their market power and damage competition, or the government will impose new controls on them. FILE PHOTO: Attendees walk past...
Reuters - Business

High-stakes White House meeting expected Thursday to debate U.S.-China tariffs: sources

Reuters
WASHINGTON (Reuters) – U.S. President Donald Trump is expected to meet with top trade advisers on Thursday to discuss planned Dec. 15 tariffs on some $160 billion in Chinese goods, three sources familiar with the plans said, as markets braced for potential negative impacts. FILE PHOTO: U.S. President Donald Trump...
Reuters - Business

U.S. senators threaten Facebook, Apple with encryption regulation

Reuters
SAN FRANCISCO (Reuters) – U.S. senators grilled Apple Inc and Facebook Inc executives over their encryption practices on Tuesday and threatened to regulate the technology unless the companies make encrypted user data accessible to law enforcement. FILE PHOTO: Facebook logos are seen on a mobile phone in this picture illustration...
Reuters - Business

Trump will have final say on U.S.-China trade deal: White House trade adviser

Reuters
FILE PHOTO: White House trade adviser Peter Navarro listens to a news conference about a presidential executive order relating to military veterans outside of the West Wing of the White House in Washington, U.S. March 4, 2019. REUTERS/Leah Millis WASHINGTON (Reuters) – U.S. President Donald Trump will be the one...
Reuters - Business

Amazon issues fix after some Blink home cameras found vulnerable to hacking

Reuters
FILE PHOTO: The logo of Amazon is seen at the company logistics centre in Boves, France, August 8, 2018. REUTERS/Pascal Rossignol (Reuters) – Amazon.com Inc (AMZN.O) said on Tuesday it had issued a fix to rectify security flaws in certain of its Blink home camera systems after a cyber security...
Reuters - Business

Netflix could lose four million U.S. subscribers in 2020: brokerage

Reuters
(Reuters) – Needham and Co was the fourth Wall Street brokerage in two months to cut its rating for Netflix Inc (NFLX.O) on Tuesday, arguing competition from new streaming services could lead to the loss of 4 million premium U.S. subscribers next year. Needham analyst Laura Martin, who downgraded the...
Reuters - Business

Apple has ‘deep concerns’ that ex-employees accused of theft will flee to China

Reuters
SAN JOSE, California (Reuters) – Apple Inc on Monday told a federal court it has “deep concerns” that two Chinese-born former employees accused of stealing trade secrets from the company will try to flee before their trials if their locations are not monitored. FILE PHOTO: The Apple Inc. logo is...
Reuters - Business

Global financial watchdogs take aim at Big Tech’s data dominance

Reuters
LONDON (Reuters) – Google, Alibaba and other “Big Tech” companies could be forced to share data on financial services customers with banks and financial technology firms to prevent unfair competition. FILE PHOTO: The Google logo is displayed outside the company offices in New York, U.S., June 4, 2019. REUTERS/Brendan McDermid/File...
Reuters - Business

Jeff Bezos says Amazon wants to work more with the Pentagon

Reuters
SIMI VALLEY, Calif. (Reuters) – Amazon.com Inc founder Jeff Bezos said it would support the U.S. Department of Defense as technology companies vie for more defense contracts and the Pentagon seeks to modernize itself. FILE PHOTO: Jeff Bezos, founder of Amazon and Blue Origin speaks during the JFK Space Summit,...
Reuters - Business

Amazon CEO says wants to work more with Pentagon

Reuters
FILE PHOTO: Jeff Bezos, founder of Amazon and Blue Origin speaks during the JFK Space Summit, celebrating the 50th anniversary of the moon landing, at the John F. Kennedy Library in Boston, Massachusetts, U.S., June 19, 2019. REUTERS/Katherine Taylor/File Photo SIMI VALLEY, Calif. (Reuters) – Amazon.com Inc founder Jeff Bezos...
Reuters - Business

Amazon websites could be added to USTR’s ‘Notorious Markets’ list: WSJ

Reuters
(Reuters) – The Trump administration is considering putting some of Amazon.com Inc’s (AMZN.O) overseas websites on a list of global marketplaces known for counterfeit goods, the Wall Street Journal reported on Friday, citing people familiar with the matter. FILE PHOTO: The logo of Amazon is seen on the door of an...
Reuters - Business

Facebook sues ILikeAd, alleges ad fraud

Reuters
(Reuters) – Facebook Inc on Thursday sued a Hong Kong company that it said baited people into clicking on celebrities’ photos and bogus advertising links, so it could install malware and run ads for counterfeit goods, diet pills and male enhancement supplements. FILE PHOTO: Facebook logos are seen on a...
Reuters - Business

Saudi Aramco prices shares at top of range in world’s biggest IPO

Reuters
DUBAI/RIYADH Reuters) – State-owned oil giant Saudi Aramco’s initial public offering (IPO) will be the biggest in history, but will still fall significantly short of the towering $2 trillion valuation long sought by Crown Prince Mohammed bin Salman. Aramco priced its IPO at 32 riyals ($8.53) per share, the top...
Reuters - Business

Amazon faces U.S. antitrust scrutiny on cloud business: Bloomberg

Reuters
FILE PHOTO: The logo of Amazon is seen on the door of an Amazon Books retail store in New York City, U.S., February 14, 2019. REUTERS/Brendan McDermid (Reuters) – U.S. Federal Trade Commission (FTC) has broadened its scrutiny of Amazon.com Inc beyond retail operations to include its cloud-computing business, Bloomberg...
Reuters - Business

U.S. Supreme Court skeptical of Intel in retirement fund dispute

Reuters
WASHINGTON (Reuters) – U.S. Supreme Court justices on Wednesday appeared skeptical of Intel Corp’s (INTC.O) bid to avoid a lawsuit accusing it of violating federal law in making employee retirement plan investments that cost beneficiaries hundreds of millions of dollars. FILE PHOTO: Computer chip maker Intel’s logo is shown on...
Reuters - Business

Sole CEO means simpler business for Alphabet: analysts

Reuters
(Reuters) – Alphabet’s change of leadership should simplify the company’s unorthodox management structure under new boss Sundar Pichai without creating unwanted turbulence in strategy at one of Silicon Valley’s biggest names, Wall Street analysts said on Wednesday. FILE PHOTO: Google CEO Sundar Pichai speaks during signing ceremony committing Google to...
Reuters - Business

Proper U.S.-China trade deal more important than timing: Wilbur Ross

Reuters
(Reuters) – U.S. Commerce Secretary Wilbur Ross on Tuesday said it was more important to get a proper trade agreement with China than to get the deal done by this December or next December – after the 2020 presidential election. Ross told Reuters in an interview that the world’s two...

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