June 14, 2019

Hedge fund Third Point calls on Sony to spin off semiconductor unit

Daniel Loeb’s activist hedge fund Third Point LLC called on Sony Corp on Thursday to spin off its semiconductor business and sell off stakes in Sony […]
June 14, 2019

Exclusive – Business and pleasure: how Russian oil giant Rosneft uses its corporate jets

Jets used for corporate travel by Russian state-owned oil major Rosneft flew at least 13 times to Mallorca, Ibiza, Sardinia and the Maldives when CEO Igor Sechin or people from his social circle […]
June 14, 2019

Asia stocks sag ahead of China data, Gulf attacks support oil

Asian stocks sagged on Friday ahead of key Chinese data that could provide more clues on how heavily the U.S.-Sino trade war is weighing on the […]
June 14, 2019

Huawei says it is readying possible Hongmeng software roll-out

(This June 13th story corrects to remove incorrect reference to Hongmeng OS rollout on 1 million devices in paragraph 2 and 4 after official clarification from […]
June 13, 2019

Huawei says in process of preparing Hongmeng software roll-out

An executive of Huawei Technologies Co Ltd said on Thursday that the Chinese telecoms giant is in the process of potentially launching its “Hongmeng” operating system […]
June 13, 2019

Trump talks trade with Apple CEO Cook as China dispute looms

U.S. President Donald Trump met with Apple CEO Tim Cook on Thursday to discuss trade and other hot-button issues facing the tech company as Trump deliberates […]
June 13, 2019

Biden criticizes Amazon for not paying federal taxes in 2018

Democratic presidential hopeful Joe Biden on Thursday took umbrage with e-commerce giant Amazon.com Inc’s $0 federal tax bill in 2018 and said no company making billions […]
June 13, 2019

Wall St. climbs as oil jumps after Gulf tanker attacks

U.S. stocks rose on Thursday after two days of declines, as energy shares rebounded with oil on concerns of a supply disruption following attacks on two […]
June 13, 2019

Uber, Bird loses bid for U.S. tariff relief on Chinese-made bikes, scooters

The U.S. Trade Representative’s Office rejected Uber Technologies Inc’s request for relief from 25% tariffs imposed on Chinese-made electric bicycles, according to a May 29 letter. […]
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