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Global stocks, sterling hold steady after London attack

LONDON Stocks and sterling held their ground on Thursday as markets took the latest European terror attack, this time in London, one of the world's financial capitals, largely in their stride.

Recent Business News

Exclusive: Westinghouse's clients gear up for bankruptcy fight - sources

The U.S. utilities that are clients of Toshiba Corp's nuclear power plant construction subsidiary, Westinghouse Electric Co LLC, have hired advisers to prepare for its potential bankruptcy, according to people familiar with the matter.

Slide in U.S. infrastructure stocks sign of 'Trump trade' weakness

NEW YORK If the swoon this week in financials was one sign of the Trump trade running out of fuel, recent weakness in transportation and infrastructure shares is another.

Mar 22 2017

Verizon, AT&T suspend ads from Google over offensive videos

U.S. wireless carriers Verizon Communications Inc and AT&T Inc said on Wednesday they have suspended digital advertising on Google's YouTube and other advertising platforms not related to search over concerns that their ads may have run next to extremist videos.

4:02am EDT

China's ZTE posts fourth-quarter net loss after U.S. sanction case fine

HONG KONG Chinese telecommunications equipment maker ZTE Corp on Thursday reported a net loss of 5.22 billion yuan ($760 million) in fourth-quarter profit, as it booked a $892 million charge to settle a U.S. sanctions case.

6:20am EDT

Teva Pharm says media reports of up to 6,000 layoffs incorrect

JERUSALEM Teva Pharmaceutical Industries' plans to end unprofitable activities and freeze recruitment, but said Israeli media reports of up to 6,000 layoffs were incorrect.

6:53am EDT

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