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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.

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Google employees demand more oversight of China search engine plan

SAN FRANCISCO Google is not close to launching a search engine app in China, its chief executive said at a companywide meeting on Thursday, according to a transcript seen by Reuters, as employees of the Alphabet Inc unit called for more transparency and oversight of the project.

Tech, China 12:52am EDT

Rusal says board backs change of domicile to Russia

MOSCOW Russia's sanctions-hit aluminum giant Rusal said on Friday its board had discussed and approved a change of domicile from Britain's Jersey to Russia in order to take advantage of new special tax regulations.

2:32am EDT

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

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

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


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