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Asian shares gain on U.S.-China trade talks, lira recovers

TOKYO Asian shares won a modest reprieve on Friday after China and the United States agreed to hold their first trade talks since June next week and as the Turkish lira extended gains from its record low earlier this week.

Recent Business News

White House counsel asked FCC chair about Sinclair Tribune merger status

WASHINGTON White House counsel Don McGahn called the head of Federal Communications Commission in July to ask about the status of Sinclair Broadcast Group Inc’s now abandoned $3.9 billion acquisition of Tribune Media Co .

Aug 16 2018

As Nvidia expands in artificial intelligence, Intel defends turf

Nvidia Corp dominates chips for training computers to think like humans, but it faces an entrenched competitor in a major avenue for expansion in the artificial intelligence chip market: Intel Corp .

Aug 16 2018

Exclusive: OxyContin maker Purdue taps financial restructuring adviser - sources

NEW YORK/BOSTON OxyContin maker Purdue Pharma LP has tapped law firm Davis Polk & Wardwell LLP for financial restructuring advice, as its potential liabilities swell with a wave of lawsuits over the opioid addiction epidemic sweeping the United States, people familiar with the matter said on Thursday.

Aug 16 2018

Encouraged by online sales, Nordstrom raises full-year profit forecast

Upscale department store Nordstrom Inc saw its shares soar as much as 14 percent in after-hours trading on Thursday, after reporting better-than-expected quarterly same-store sales growth, as more people shopped at its online stores.

Aug 16 2018

Walmart posts biggest U.S. sales rise in a decade, shares soar

NEW YORK Walmart Inc posted its best quarterly U.S. sales growth in a decade and upped full-year sales and profit outlooks on Thursday, sending shares surging as a jump in online and grocery purchases showed it can hold its own against Amazon.com Inc . | Video

Aug 16 2018


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