Business

Trump slaps steep tariffs on washing machines, solar products

U.S. President Donald Trump signed an executive order on Tuesday imposing steep import tariffs on washing machines and solar panels, saying the move showed the United States would not be taken advantage of anymore.

Business

Facebook buys Boston software company that authenticates IDs

Facebook Inc is buying Boston-based software company Confirm Inc, which specializes in authenticating government-issued identification cards, a person familiar with the acquisition said on Tuesday.

Business

JPMorgan rolls out $20 billion investment plan

JPMorgan Chase & Co unveiled a $20 billion investment plan on Tuesday to increase wages, hire more, open new branches and expand its business as it takes advantage of sweeping changes to the U.S. tax law and improved regulatory environment.

Business

Ackman cuts staff, shuns limelight as he seeks to turn around fund

William Ackman is cutting almost a fifth of staff and looking to lower his public profile as he seeks to turn around Pershing Square Capital Management after three straight years of losses, people familiar with the move said on Monday.

Business

Bacardi to buy high-end tequila maker Patron in $5.1 billion deal

Bacardi Ltd said on Monday it would buy high-end tequila maker Patron Spirits International AG in a $5.1 billion deal.

Business

U.S. says KPMG employees misappropriated secrets from oversight board

U.S. prosecutors have charged six people, including former employees of accounting firm KPMG LLP and of the Public Company Accounting Oversight Board, with misusing confidential information from the board to help KPMG.

Business

Aston Martin hit by Daimler steering-column recall

Aston Martin has become the latest carmaker to be caught up in a major recall of faulty Daimler steering-column components that can cause unintended airbag deployments.

Business

Advent in talks to buy 50 percent of Wal-Mart’s Brazilian unit

Private equity firm Advent is in talks to buy 50 percent of Wal-Mart Stores Inc’s operations in Brazil, according to a report in Brazil’s O Globo newspaper on Sunday.

Business

Toshiba considering IPO for memory chip unit

Toshiba Corp is considering an IPO of its prized memory chip business if an agreed $18 billion sale of the unit to Bain Capital fails to gain antitrust approval by the end of March, the Financial Times reported on Monday.

Business

Audi ordered to recall 127,000 vehicles over emissions

Germany’s KBA automotive watchdog has detected illicit emission-control software in Audi’s latest Euro-6 diesel models and has ordered a recall of 127,000 vehicles, Bild am Sonntag reported.

Business

Japan, U.S. to discuss trade ‘framework’, U.S. envoy says

Japan and the United States next week will start to discuss a framework of negotiations with the aim of concluding a trade pact and fixing bilateral trade imbalances.

Business

Lowe’s names two directors after talks with activist investor

Lowe’s Cos Inc said on Friday it added two board members, a week after reports that hedge fund D.E. Shaw & Co had built an active stake in the home improvement chain.

Business

Nigeria sues JP Morgan for $875 million over Malabu oilfield deal

Nigeria has filed a claim against JP Morgan Chase for more than $875 million, accusing it of negligence in transferring funds from a disputed 2011 oilfield deal to a company controlled by the country’s former oil minister.

Business

Possible Buffett successor Jain reports $109 million Berkshire stake

Ajit Jain, who was recently appointed a vice chairman of Warren Buffett’s Berkshire Hathaway Inc , on Thursday reported ownership of roughly $109 million of the conglomerate’s stock.

Business

Trump says solar tariff decision coming soon, stakes huge for industry

U.S. President Donald Trump said on Wednesday he would announce a decision soon on whether to slap tariffs on imported solar panels.

Business

GE appoints new CEO for Europe

Industrial conglomerate General Electric has appointed Peter Stracar chief executive and president of its European region, the company said in a statement.

Business

Apple issues $2,500 bonuses to employees after new tax law

Apple Inc told its employees on Wednesday that the iPhone maker is issuing a bonus of $2,500 worth of restricted stock units following the new U.S. tax reform.

Business

Fed fines Taiwan’s Mega Bank $29 million for anti-money laundering failures

The U.S. Federal Reserve Board said on Wednesday it had fined Taiwan’s Mega International Commercial Bank Co. $29 million for anti-money laundering violations and required the company to improve its anti-money laundering oversight and controls.

Business

Exclusive: J&J attracts Chinese interest for diabetes business in potential $3-4 billion deal – sources

Chinese bidders are circling a diabetes care business owned by the world’s largest healthcare company Johnson & Johnson in a deal that could fetch up to $4 billion.

Business

U.S. charges Barclays forex trader with fraud

The U.S. Department of Justice (DoJ) has charged a Barclays foreign exchange trader over his alleged role in a scheme to defraud a client of the bank, the DoJ said.

Business

FTC probing Broadcom for antitrust practices

The Federal Trade Commission (FTC) is investigating whether chipmaker Broadcom Ltd engaged in anticompetitive tactics in negotiations with customers, according to a person familiar with the matter.

Business

Britain investigates Carillion directors after collapse

Britain ordered a fast-track inquiry into the role played by Carillion’s directors in the failure of the construction and services group, as some of its thousands of small suppliers started to lay off workers on Tuesday.

Business

Top Walmart executive to be appointed International CEO

Wal-Mart Stores Inc Chief Operating Officer Judith McKenna will take up the role of chief executive of its international unit, according to a source with knowledge of the matter.

Business

Bidder for the Weinstein Company says bankruptcy may be best option

Killer Content Inc, the movie producer that has partnered with philanthropist Abigail Disney in a consortium vying to acquire the Weinstein Company, said on Monday that a bankruptcy may be the best way forward for the U.S. film and TV studio.

Business

Some 10,000 Daimler employees strike in push for higher wages

Some 10,000 workers at German carmaker Daimler AG walked off their shifts for an hour on Tuesday as they sought to persuade employers to give engineering workers around Germany more pay and a shorter working week.