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Google’s digital ad network declared an illegal monopoly

Google has been branded an abusive monopolist by a federal judge for the second time in less than a year, this time for illegally exploiting some of its online marketing technology to boost the profits fueling an internet empire currently worth $1.8 trillion. The ruling ...
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Chinese tea chain Chagee valued at $6.2 billion in strong Nasdaq debut

(Reuters) – Chinese tea chain Chagee secured a valuation of $6.2 billion after its shares gained 21% in the Nasdaq debut on Thursday. The company’s American depositary shares opened at $33.75 apiece, compared with the initial public offering price of $28. Chagee ...
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Exclusive-JPMorgan beefs up activism defense group, hires two managing directors

By Svea Herbst-Bayliss NEW YORK (Reuters) -JPMorgan Chase is hiring two veteran bankers in its global shareholder engagement and M&A capital markets group, beefing up the business as corporations face increasing pressure from global activist investors pushing for changes from swapping out management to selling ...
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Boeing delivery plant in China latest hot spot in tariff war

By Lisa Barrington, Sophie Yu, Dan Catchpole and Tim Hepher (Reuters) – Boeing faced new questions over the impact of tariffs on exports to China on Thursday as the spotlight fell on the fate of jets waiting at an aircraft completion ...
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Google is monopolist in online advertising tech, judge rules

(NEW YORK) -- Alphabet's Google illegally dominated two markets for online advertising technology, according to a federal judge.Judge Leonie Brinkema of the U.S. District Court for the Eastern District of Virginia said in a ruling Thursday that Google had broken the law to build its dominance ...
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China dominates solar. Trump tariffs target China. For US solar industry, that means higher costs

Mike Summers was eager to install solar at his home in Ohio for years, and after he finally replaced his aging roof this year, his solar contractor swung into action. His system — including 19 panels and a battery backup — went up this ...
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Dubai’s Mall of the Emirates, home to a ski slope, to get $1.3 billion renovation

DUBAI, United Arab Emirates (AP) — The operator of Dubai’s sprawling Mall of the Emirates, home to an indoor ski slope in the desert sheikhdom, announced plans Wednesday for a $1.3 billion renovation at the mall. The Dubai-based firm Majid Al Futtaim said the ...
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ABB to increase local US production to reduce tariff impact

By John Revill ZURICH (Reuters) – Swiss engineering group ABB is expanding its local production in the United States and other countries to mitigate the impact of tariffs imposed by U.S. President Donald Trump, Chief Executive Morten Wierod said on Thursday. ABB ...
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Trump gripes about interest rates and says Fed Chair Powell’s ‘termination cannot come fast enough’

WASHINGTON (AP) — President Donald Trump slammed Federal Reserve Chair Jerome Powell on Thursday, reiterating his frustration that the Fed has not aggressively cut interest rates and saying that the central bank leader’s “termination cannot come fast enough.” Trump hinted at moving to fire Powell, ...
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IMF expects ‘notable markdowns’ in growth forecasts, but no global recession

WASHINGTON (Reuters) – Rising trade tensions and sweeping shifts in the global trading system will trigger downward revisions of the IMF’s economic forecasts but no global recession is expected, IMF Managing Director Kristalina Georgieva said on Thursday. Georgieva said countries’ economies ...
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Lockheed Martin CFO Malave departs, insider Scott takes over

(Reuters) -Lockheed Martin on Thursday announced the departure of its finance chief, Jesus Malave, and named longtime insider Evan Scott as his successor, effective immediately. Evan previously held the role of treasurer and CFO of the U.S. defense company’s two different business areas during his ...
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PIMCO bearish on dollar, Treasuries as US safe-haven status wavers

By Davide Barbuscia NEW YORK (Reuters) – U.S. bond giant PIMCO said protectionism in U.S. trade policy strengthened the case for dialing down exposure to the U.S. dollar and Treasury bonds, while greater reliance on foreign bond markets had become more ...
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