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Reuters: Business News

Trump threatens 20 percent U.S. tariff on EU car imports WASHINGTON (Reuters) - President Donald Trump on Friday threatened to escalate a trade war with Europe by imposing a 20 percent tariff on all U.S. imports of European Union-assembled cars, a month after the administration launched an investigation into whether auto imports pose a national security threat. POSTED JUNE 22, 2018 12:42 PM

Harley says EU duties will prompt prices hikes in the autumn FRANKFURT (Reuters) - Harley-Davidson Inc expects to have to raise prices in Europe this autumn, when new motorcycle models are due to hit dealers' showrooms, due to EU tariffs on U.S. goods, the head of its central European business said. POSTED JUNE 22, 2018 12:42 PM

Schlumberger oil services wins in U.S. Supreme Court on patent damages WASHINGTON (Reuters) - The U.S. Supreme Court ruled on Friday that companies can recover profits lost because of the unauthorized use of their patented technology abroad in a victory for Schlumberger NV, the world's largest oilfield services provider. POSTED JUNE 22, 2018 12:18 PM

Dow set to snap 8-day losing run as oil climbs (Reuters) - U.S. stocks rose on Friday with the Dow Jones Industrial Average looking to snap its 8-day losing streak, powered by a surge in oil prices, but losses in technology stocks curbed some gains. POSTED JUNE 22, 2018 1:02 PM

Renewable energy seeks demand, investment to survive Trump squeeze NEW YORK (Reuters) - The wind and solar industries hope demand for carbon-free power from U.S. cities, states and corporations can offset headwinds from President Donald Trump's tax policy and tariffs, developers said this week. POSTED JUNE 22, 2018 1:00 PM

OPEC agrees modest hike in oil supply after Saudi and Iran compromise VIENNA (Reuters) - OPEC agreed on Friday on a modest increase in oil production from next month after its leader Saudi Arabia persuaded arch-rival Iran to cooperate, following calls from major consumers to help reduce the price of crude and avoid a supply shortage. POSTED JUNE 22, 2018 12:57 PM

U.S. unveils new veto threat against WTO rulings GENEVA (Reuters) - The United States ramped up its challenge to the global trading system on Friday, telling the World Trade Organization that appeals rulings in trade disputes could be vetoed if they took longer than the allowed 90 days. POSTED JUNE 22, 2018 12:44 PM

Tesla recycling machine catches fire at Fremont, California campus (Reuters) - A machine used for paper recycling caught fire Thursday night at Tesla Inc's Fremont, California, campus, outside the company's car production factory, but manufacturing was not affected, the company said. POSTED JUNE 22, 2018 12:48 PM

Walmart-Advent deal gets Brazil antitrust nod SAO PAULO (Reuters) - Brazil's antitrust watchdog Cade on Friday approved buyout firm Advent International's acquisition of Walmart Inc's Brazilian operations, and sought no additional asset sales. POSTED JUNE 22, 2018 8:49 AM

Former WPP boss Sorrell denies prostitute allegation CANNES, France (Reuters) - Former WPP boss Martin Sorrell denied on Friday that he had visited a prostitute and paid using company money when pressed on a stage in front of hundreds of people about why he had left the advertising giant he founded. POSTED JUNE 22, 2018 9:06 AM

www.espn.com - TOP

These six picks won the NBA draft’s first round Which teams made the best moves in the first round of the draft? POSTED JUNE 21, 2018 10:47 PM

How this draft sets up future trades and free agency Trades and free agency are around the corner. Kevin Pelton looks at the ways an eventful draft night will lead to more moves. POSTED JUNE 22, 2018 1:39 AM

GM Altman: Cavs, LeBron have 'a good dialogue' Cavs GM Koby Altman said he and LeBron James' camp "continue to have good dialogue" with about a week to go before James has to inform the Cavs whether he intends to pick up the option on his contract. POSTED JUNE 22, 2018 2:31 AM

Hawks GM nixed trade after media reports The Atlanta Hawks pulled out of a possible trade with the Bucks during the NBA draft because of media projections about whom Milwaukee was going to take. POSTED JUNE 22, 2018 11:43 AM

Ainge unaware he revealed C's pick on webcast Celtics president Danny Ainge unknowingly tipped the team's first-round selection of Texas A&M big man Robert Williams when point guard Terry Rozier called him during a live webcast. POSTED JUNE 22, 2018 1:07 AM

Sources: NFL plans to suspend Winston 3 games The Buccaneers quarterback faces discipline from the NFL stemming from an alleged incident with an Uber driver in March 2016. POSTED JUNE 21, 2018 6:26 PM

Michigan St. board rejects effort to oust Engler Michigan State's governing board voted 6-2 not to fire interim president John Engler, who had disparaged victims of Larry Nassar and their lawyers in emails. POSTED JUNE 22, 2018 10:28 AM

Ichiro sits on Mariners bench with fake mustache Ichiro Suzuki, now a team executive with the Mariners, took in a bit of Thursday's game against the Yankees from the dugout wearing a fake mustache, sunglasses and gray hoodie. POSTED JUNE 21, 2018 10:06 PM

Brazil -- and VAR -- triumph at World Cup Brazil will get the headlines for leaving it late, but the biggest triumph was having Neymar's penalty overturned by VAR review. POSTED JUNE 22, 2018 10:30 AM

Trade tracker: Grades and details for every deal Which players and picks are on the move? We've got a rundown of the latest trades on draft night. POSTED JUNE 22, 2018 8:24 AM

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