Friday, 31 August 2018

U.S.-Mexico trade talks may pivot from metals tariffs to quotas

U.S. trade officials are pressing Mexico and possibly Canada to accept a quota plan to replace national security tariffs currently in place on imports of steel and aluminum, people briefed on the negotiations said on Thursday.


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Limited engagement: Top funds backed gunmaker Ruger board despite no talks

Funds run by BlackRock Inc and Vanguard Group backed all directors at gunmaker Sturm Ruger & Co Inc despite the company's rare rejection of talks with the world's top asset managers, disclosures to regulators on Thursday showed.


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As Tesla shares fall, Amazon takes over as most shorted U.S. stock

With Tesla Inc's shares briefly dipping below the $300 level on Thursday, the electric carmaker ceded its seat as the most shorted U.S. stock to Amazon.com Inc , according to data from financial technology and analytics firm S3 Partners.


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Wall Street extends rally, tech leads S&P, Nasdaq to record highs

Wall Street extended its rally on Wednesday, with the S&P 500 and the Nasdaq hitting record highs for the fourth straight session as technology companies pushed indexes higher and promising trade negotiations stoked investor sentiment.


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Boeing wins U.S. contract for carrier-based refueling drones

Boeing Co has been awarded a $805 million contract for design, delivery and support of four unmanned drones based on aircraft carriers that will be used to refuel aircraft for the U.S. Navy, the Pentagon said in a statement on Thursday.


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Walmart adds toys and shelf space for holidays, expands online offerings

Walmart Stores Inc has significantly increased the selection of toys in its stores and online for the holiday season, a company executive said on Thursday, and is expanding its toy aisles in certain markets, all to lure shoppers after rival seller Toys R Us went out of business earlier this summer.


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Apple buys startup focused on lenses for AR glasses

(The story has been refiled to correct spelling of Microsoft HoloLens in final paragraph.)


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Apple expected to unveil new iPhone models on September 12

Apple Inc said on Thursday it will host an event on Sept. 12 at the Steve Jobs Theater in the company's Cupertino, California, campus, where it is widely expected to unveil new iPhone models.


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Tablet bends 'like ancient scroll'

A Canadian university has developed a tablet with a flexible screen that can rolled up.

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8K TVs unveiled by Samsung and LG at Ifa tech show

The world's two bestselling television-makers are showing off rival 8K screens at the Ifa tech show in Berlin.

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