Today's Top Story
Automakers brace for U.S. government report on import tariffs
WASHINGTON (Reuters) - A confidential Commerce Department report due to be sent to Donald Trump on Sunday is widely expected to clear the way for the U.S. president to threaten tariffs on imported autos and auto parts by designating the imports a national security threat, auto industry officials said on Friday. Read More
Business News
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Nissan panel to recommend outside director to chair board: Nikkei
TOKYO (Reuters) - A Nissan Motor governance committee will recommend the appointment of an external director as board chairman, a role distinct from company chairman, in a move to decentralize power at the top level, the Nikkei business daily reported on Sunday.
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Amazon invites Ocasio-Cortez for tour, calls worker claims untrue
WASHINGTON (Reuters) - A senior Amazon.com Inc executive on Friday disputed claims raised by Representative Alexandria Ocasio-Cortez that Amazon workers face "dehumanizing conditions" as being untrue and invited her to take a tour of company facilities.
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Russian court extends custody of Baring Vostok's Calvey until April
MOSCOW (Reuters) - A Russian court on Saturday ordered Michael Calvey, the U.S. founder of one of Russia's biggest private equity firms accused of fraud, to be kept in custody until April 13.
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Economic News
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U.S. President Trump receives update on China trade talks
PALM BEACH, Fla. (Reuters) - President Donald Trump received an update on trade talks with China on Saturday at his Florida retreat after discussions in Beijing saw progress ahead of a March 1 deadline for reaching a deal.
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Canada's Freeland pushes end of steel, aluminum tariffs in meeting with Pelosi
OTTAWA (Reuters) - Canadian Foreign Minister Chrystia Freeland said on Saturday she had made clear in a meeting with U.S. House of Representatives Speaker Nancy Pelosi at the Munich Security Conference the importance of the U.S. lifting tariffs on steel and aluminum imports from Canada.
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Wall Street Week Ahead: Profit estimates may be adding in too much cost risk
NEW YORK (Reuters) - As Wall Street braces for the first quarterly decline in earnings in nearly three years, some investors are wondering if the market is factoring in a bigger erosion in profit margins than will actually come to pass.
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Money News
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Big hedge funds dumped China stocks, Apple as market tumbled
NEW YORK (Reuters) - Prominent hedge fund managers sold out of Chinese technology stocks and dumped Silicon Valley majors such as Apple Inc and Facebook Inc while global stock markets cratered during the fourth quarter, according to securities filings released on Thursday.
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Prominent investors stock up on eBay, then activists flex muscle
NEW YORK (Reuters) - EBay Inc.'s stock price slumped for most of last year but a number of prominent hedge funds were so convinced that change is on the horizon for the e-commerce company that they established new or added to existing positions in the last months of 2018.
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Jeff Vinik offers fee cuts to help bring in cash for new fund
NEW YORK (Reuters) - Prominent U.S. investor Jeffrey Vinik is promising potential clients a cut in fees and said that it had been tougher to raise money than he initially thought, as he prepares to relaunch Vinik Asset Management after six years on the sidelines.
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