U.S. reviewing requests to export to Huawei with 'highest scrutiny': Commerce Department

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Reuters.com Newsletter

U.S. reviewing requests to export to Huawei with 'highest scrutiny': Commerce Department

The U.S. government said on Wednesday it was reviewing license requests from U.S. companies seeking to export products to China's Huawei Technologies Co Ltd "under the highest national security scrutiny," since the company is still blacklisted.

Boeing pledges $100 million to help 737 MAX crash families

Boeing Co said on Wednesday it would give $100 million over multiple years to local governments and non-profit organizations to help families and communities affected by the deadly crashes of its 737 MAX planes in Indonesia and Ethiopia.

Major averages close at record highs on dovish Fed hopes

U.S. stocks rose on Wednesday, with each of the major indexes closing at a record high, as expectations grew that the Federal Reserve would take a more dovish turn as a raft of data provided more evidence of a slowing economy.

U.S. judge blocks Qualcomm effort to put antitrust ruling on hold

A U.S. judge on Wednesday ruled against Qualcomm Inc's effort to block the implementation of a sweeping antitrust ruling against it as the mobile chip supplier pursues an appeal that could take more than a year to wind through the courts.

Facebook, privacy activist Schrems face off in July 9 court hearing

Facebook will face Austrian privacy activist Max Schrems next week at Europe's top court in a landmark case that could affect how hundreds of thousands of companies transfer personal data worldwide as well as Europeans' privacy rights.

Oil prices climb as U.S. equities rally, rig count drops

Oil prices edged higher on Wednesday ahead of a U.S. holiday, after falling steeply a day earlier as worries about a slowing global economy outweighed a decision by OPEC and allies to extend crude output cuts.

Arizona cancels incentive for Nike plant after 'terrible decision' to recall sneaker: governor

Arizona's governor on Tuesday withdrew a $1 million incentive for Nike Inc to build a plant in the state after the world's largest sportswear maker canceled release of a sneaker featuring a colonial-era version of the American flag, which critics say reflects links to slavery.

U.S. trade, services industry data underscore slowing economy

The U.S. trade deficit jumped in May and trade tensions between the United States and China helped drive activity in the services sector to a two-year low in June, further signs that economic growth slowed sharply in the second quarter.

Asda boss sees possible stock market listing in two to three years

The timescale for a possible stock market listing of British supermarket group Asda, by its U.S. parent Walmart , is two to three years, Asda's boss said on Wednesday.

Amazon can be held liable for third-party seller products: U.S. appeals court

A federal appeals court on Wednesday ruled against Amazon.com Inc in a case that could expose the online retailer to lawsuits from customers who buy defective products from third-party vendors through its website.

Global stock markets, bonds rally in expectation of rate cuts

Record low bond yields in Europe and the expectation of further interest rate cuts by central banks worldwide helped push global stock market indices higher Wednesday as the benchmark U.S. S&P 500 hit another record high.

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