Day: October 5, 2017

BEIJING (Reuters) – China said on Thursday it has approved HP Inc’s (HPQ.N) $1.1 billion purchase of Samsung Electronics’ (005930.KS) printer business with certain restrictions, citing concerns about the U.S. firm’s dominance of the domestic laser printer market. HP announced the deal in September 2016, hoping to disrupt the $55 billion copier market by focusing
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(Reuters) – The execution of a 56-year-old man convicted of committing a double murder in Alabama on Christmas Eve, 1993, was put on hold after a U.S. district judge issued a stay and the state attorney general did not immediately appeal, officials said on Thursday. Jeffrey Borden was convicted of shooting to death his estranged
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WASHINGTON (Reuters) – Pakistan’s foreign minister on Thursday described as “hollow allegations” comments by senior U.S. officials and lawmakers during his visit to Washington this week that questioned Islamabad’s resolve in fighting militancy. President Donald Trump’s administration is seeking to implement its regional strategy. While U.S. officials have long been critical of the role Pakistan
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(Reuters) – Costco Wholesale Corp’s (COST.O) quarterly profit scraped past estimates, helped by a hike in membership fees, but a fall in gross margins fueled concerns of an intensifying grocer price war, sending shares down 3.6 percent in after-market trading. Investors are wary that Costco’s business model, which mainly generates revenue through a niche membership
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(Reuters) – Chinese internet conglomerate Alibaba Group Holding Ltd (BABA.N) denied on Thursday that its vice chairman, Joseph Tsai, is in advanced talks to buy a stake in the Brooklyn Nets of the National Basketball Association. “This is false,” Alibaba spokeswoman Jennifer Kuperman said. “Joe Tsai has never talked to the seller and he is
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WASHINGTON (Reuters) – Congressional Republicans moved to hasten an overhaul of the U.S. tax code on Thursday, while Federal Reserve officials warned in rare public remarks that President Donald Trump’s tax plan could lead to inflation and unsustainable federal debt. In a procedural step forward, the Republican-controlled U.S. House of Representatives approved by a 219-206
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BARCELONA/MADRID (Reuters) – Spain’s Constitutional Court on Thursday ordered the suspension of Monday’s session of the regional Catalan parliament, throwing into doubt its plans to declare unilateral independence from Spain. The speaker of the Catalan parliament, Carme Forcadell, accused the Madrid government of using the courts to deal with political problems and said the regional
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