Huawei is coming under pressure in two more key European markets. Telecommunications firm Orange has ruled out using Huawei products in its core 5G network in France, and Germany’s Deutsche Telekom says it’s reviewing purchases of Huawei equipment. The Chinese company, which sells smartphones and telecommunications equipment around the world, faces increased scrutiny in the…… MORE
Johnson & Johnson’s (JNJ) stock fell as much as 11% on Friday — on track for its worst day since 2002 — after a Reuters report said the company knew for decades that asbestos was in its baby powder. The company has been grappling with lawsuits alleging some of its talcum powder products caused cancer.…… MORE
China said Friday it will temporarily reduce tariffs on imports of American-made cars as it tries to negotiate a trade deal with the United States. Citing the meeting earlier this month between US President Donald Trump and Chinese leader Xi Jinping, the Chinese Finance Ministry said in a statement that it will remove the additional…… MORE
Apple’s announcement that it will put a new $1 billion campus in Austin, Texas, is being read as a sign that the 2017 Republican-backed tax cut is bringing jobs back to the United States. The Cupertino, California, company announced Thursday that it will hire at least 5,000 new employees in Austin, on top of the…… MORE
President Donald Trump said Thursday that General Motors CEO Mary Barra made a “big mistake” by laying off thousands of workers and pledged to retaliate against the company. In a Fox News interview with Harris Faulkner, he said he was upset with GM’s plan to restructure its global business, including halting production at five facilities…… MORE
Nitro is coming to a Starbucks near you. Every company-operated US Starbucks location will offer the nitrogen-infused cold brew coffee, which comes out of a tap, by the end of next year to meet customer demand, the company said on Thursday. The expansion is part of Starbucks’ plan to sell more products next year —…… MORE
Renault has given CEO Carlos Ghosn’s pay arrangements a clean bill of health but has still not come to a conclusion about allegations of financial crime that led to his indictment in Japan. Renault said in a statement that its board of directors has now been briefed on the investigation by alliance partner Nissan that…… MORE
China did not immediately restart buying American soybeans after President Donald Trump and President Xi Jinping agreed to a temporary trade truce. Data released by the US Department of Agriculture on Thursday show that China didn’t buy soybeans from the United States during the week ending on December 6, five days after the two leaders…… MORE
The next generation of electric cars could charge their batteries in the time it takes to fill up at a gas station. A group of companies including Germany’s BMW (BMWYY), Porsche and Siemens (SIEGY) say they have developed technology that could help make super-fast charging a reality. They unveiled on Thursday a 450 kW charging…… MORE
Procter & Gamble is turning to a startup to help reach African-American consumers who are frustrated with a lack of shaving and shampoo choices. On Wednesday, the consumer products conglomerate announced that it bought Walker & Co. for an undisclosed sum. Walker & Co. is a health and beauty startup founded in 2013 by entrepreneur…… MORE
