Business & Financial News, U.S & International Breaking News

Qualcomm Inc on Tuesday alleged that Apple Inc stole its trade secrets and gave them to Intel Corp to improve its chips, paving the way for Apple to use them instead of Qualcomm chips, the latest salvo in a drawn-out legal dispute between the companies.

Uber Technologies Inc won a legal victory on Tuesday as a federal appeals court said drivers seeking to be classified as employees rather than independent contractors must arbitrate their claims individually, and not pursue class-action lawsuits.

Crude oil prices shot to a fresh four-year high on Tuesday, rallying as U.S. President Donald Trump spoke heatedly about Iran ahead of U.S. sanctions on the country's crude exports and bolstered by the apparent reluctance of OPEC and Russia to raise output to offset the potential hit to global supply.

U.S. consumer confidence surged to an 18-year high in September as households grew more upbeat about the labor market, pointing to sustained strength in the economy despite an increasingly bitter trade dispute between the United States and China.

India has for the first time allowed state refiners to buy 35 percent of their oil imports in tankers arranged by the seller, a document reviewed by Reuters showed, enabling them to swiftly tap cheaper cargoes.

The Pentagon's nominee to be the next commander of U.S. forces in South Korea said on Tuesday that a decision to suspend some joint exercises between South Korea and the United States was a "prudent risk" but had caused a "slight degradation" in military readiness.