U.S. eases restrictions on Huawei; founder says U.S. underestimates Chinese firm

The United States has temporarily eased trade restrictions on China's Huawei to minimize disruption for its customers, a move the founder of the world's largest telecoms equipment maker said meant ...

Huawei accuses U.S. of bullying, says working with Google to counter ban

Chinese telecoms equipment maker Huawei called itself the victim of U.S. "bullying" on Tuesday and said it was working with Google to counter trade restrictions imposed by Washington last week, a s...

Merck to buy cancer drug developer Peloton for $1.05 billion in cash

Merck & Co Inc said on Tuesday it would buy Peloton Therapeutics Inc for $1.05 billion in cash to gain access to the privately held company's renal cancer drug candidate. ...

Kohl's misses same-store sales estimates, shares fall 10%

Kohl's Corp missed Wall Street estimates for quarterly same-store sales on Tuesday for the first time in two years, sending shares of the department store operator down over 10%. ...

France to push ahead with 5G launch in 2020 despite Huawei woes

France will launch the deployment of its 5G network as planned in 2020 despite current difficulties faced by China's Huawei which could push some telecoms operators to modify their source of supply...

J.C. Penney posts steeper-than-expected drop in same-store sales

J.C. Penney Co Inc reported a steeper-than-expected drop in quarterly comparable-store sales on Tuesday, hit by the exit from selling major appliances and in-store furniture categories, sending its...

China rare earth firms' stocks soar on trade war speculation

Shares in rare earth-related companies in China soared on Tuesday, a day after Chinese President Xi Jinping visited a rare earth firm in southern China, sparking speculation the sector could be the...

Fingerprints and finances: next Wells Fargo CEO will be under regulatory microscope

From submitting their fingerprints to giving up their tax records, Wells Fargo & Co's next chief executive will go through a vetting process that could rival that of top U.S. government officials. ...

Huawei says it is a victim of U.S. bullying

Chinese telecoms equipment maker Huawei on Tuesday said it was a victim of bullying by the U.S. administration. ...

Italy's Prada to ditch some wholesalers to support full-price sales

Italian luxury goods group Prada said it would shrink its wholesale network in Italy and Europe in a push to have uniform prices for its products across different outlets and reduce markdowns. ...