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Exclusive: Pentagon, Lockheed near deal on $9 billion F-35 contract – sources

The U.S. Department of Defense and Lockheed Martin Corp are close to deal for a contract worth almost $9 billion as negotiations are poised to bring the price per F-35 below $100 million for the first time, people familiar with the talks said Wednesday. The F-35, the Pentagon's costliest arms program, has drawn fire from U.S. President-elect …

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Exclusive: Pentagon, Lockheed near deal on $9 billion F-35 contract – sources

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China says can resolve trade disputes with new U.S. government

China and the United States can resolve any trade disputes through talks, the government said on Thursday, as a Chinese newspaper warned U.S. business could be targets for retaliation in any trade war ushered in by President-elect Donald Trump. Trump, who is sworn into office on Friday, has criticised China's trade practices and threatened to impose punitive tariffs on Chinese imports…

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China says can resolve trade disputes with new U.S. government

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Dollar on defensive as Trump disappoints bulls

By Wayne Cole SYDNEY (Reuters) – The U.S. dollar nursed widespread losses on Thursday after President-elect Donald Trump's widely-awaited news briefing provided little clarity on future fiscal policies, disappointing bulls wagering on major stimulus. It was enough to

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Dollar on defensive as Trump disappoints bulls

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Citigroup may benefit less from tax cuts than other U.S. banks

Citigroup Inc stands to get less of a profit boost than other big U.S. banks from lower corporate tax rates expected from the new government in Washington. A number of bank stock analysts have worked through broad tax proposals by Republicans and President-elect Donald Trump and estimate that a new tax law could increase Citigroup earnings per share only half as much as some rivals. At the same time, Citigroup may have…

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Citigroup may benefit less from tax cuts than other U.S. banks

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Italy looking at Google proposal to close tax dispute: source

Italy's tax authorities are looking at a proposal from Google to pay between 270 million and 280 million euros ($296 million) to wrap up a tax dispute, a source close to the matter said on Tuesday. Earlier this year Italian tax police presented a claim against Google for the non payment of taxes …

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Italy looking at Google proposal to close tax dispute: source

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China’s WeChat seeks slice of Apple’s app store with ‘mini’ function

China's largest mobile social media network WeChat is offering its 768 million users a function which allows them to by-pass app stores such as Apple's . The launch of “Xiaochengxu”, which translates as “mini…

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China’s WeChat seeks slice of Apple’s app store with ‘mini’ function

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Trump’s Commerce pick Wilbur Ross is no stranger to protectionism

By Roberta Rampton and David Lawder WASHINGTON (Reuters) – When billionaire investor Wilbur Ross salvaged two North Carolina textile mills from bankruptcy in 2003 and 2004, one of the first things he did was head to Washington to immerse himself in trade law and policy. China's accession to the World Trade …

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Trump’s Commerce pick Wilbur Ross is no stranger to protectionism

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U.S. consumer spending slows; business investment perking up

U.S. consumer spending increased modestly in November as household income failed to rise for the first time in nine months, suggesting the economy slowed in the fourth quarter after growing briskly in the prior period. The slowdown in growth is likely to be temporary given the strong economic foundation that could be bolstered by President-elect

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U.S. consumer spending slows; business investment perking up

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Trump’s dilemma: slower job growth or rising rates and inflation?

A drop in the U.S. unemployment rate last month to a 9-year low signals the risk of a collision between President-elect Donald Trump's plans to goose the economy and the Federal Reserve's efforts to…

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Trump’s dilemma: slower job growth or rising rates and inflation?

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Under pressure on U.S. jobs, Ford tries new gambit with Trump

Ford Motor Co , one of Donald Trump's prime corporate targets on the campaign trail, offered the President-elect a chance to claim a victory late on Thursday by informing him it would not shift production of a Lincoln sport utility vehicle to Mexico from Kentucky. Trump jumped at the chance, claiming in…

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Under pressure on U.S. jobs, Ford tries new gambit with Trump

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