November 8, 2018

UBS faces new legal battle in U.S. over mortgage securities

UBS Group AG , Switzerland’s largest bank, faces a another potentially costly legal battle as the U.S. Department of Justice is preparing civil charges over the […]
November 8, 2018

Senior China diplomat says U.S., China can resolve trade dispute through talks

The Chinese government’s top diplomat Wang Yi said on Thursday that China and the United States can and should appropriately resolve their trade dispute through talks. […]
November 8, 2018

Premium PC business boosts Lenovo’s quarterly profit

Chinese PC maker Lenovo Group reported a 21 percent rise in second-quarter net profit, beating expectations, thanks to more premium computers it sold during the period. […]
November 8, 2018

Australian wealth giant AMP, under pressure, says tougher laws would ‘distract’

Struggling Australian wealth manager AMP Ltd fears any new regulation of the finance sector would “distract” participants from acting ethically, it said on Thursday, striking a […]
November 8, 2018

Alibaba’s on-demand online services unit valued at $30 billion: sources

Alibaba Group’s newly formed on-demand online services unit has rocketed in value to as much as $30 billion after raising $4 billion in fresh funds, people […]
November 8, 2018

Walmart will offer Black Friday deals earlier this year

Walmart Inc said it would start offering holiday deals for customers as early as Thursday, as it prepares to compete with Amazon Inc , Target Corp […]
November 8, 2018

Ford buying San Francisco-area e-scooter startup Spin

Ford Motor Co said Thursday it will join the mushrooming micro-mobility movement with the acquisition of 2-year-old Spin, an electric scooter rental firm based in San […]
November 8, 2018

Toshiba to shed troubled assets, cut jobs; shares jump nearly 12 percent

Toshiba Corp said it is liquidating its British nuclear power unit and selling its U.S. liquefied natural gas business, in an effort to shed troubled assets […]
November 8, 2018

Toshiba to pay $800 million to exit U.S. LNG business

Japan’s Toshiba Corp said on Thursday it is exiting its U.S. liquefied natural gas (LNG) business and paying an overseas “buyer” it did not identify $800 […]
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