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U.S. fines American Airlines, Delta for long tarmac delays

WASHINGTON (Reuters) – American Airlines was fined $1 million and Delta Air Lines Inc $750,000 for violating federal rules barring lengthy tarmac delays at U.S. airports, the U.S. Transportation Department said on Thursday. FILE PHOTO: An American Airlines jet taxis on the runway at Washington National Airport in Washington, U.S., August 9,…

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Huawei units plead not guilty to U.S. trade secret theft

FILE PHOTO: The logo of Huawei Technologies is pictured in front of the German headquarters of the Chinese telecommunications giant in Duesseldorf, Germany, February 18, 2019. REUTERS/Wolfgang Rattay/File Photo (Reuters) – Huawei Device Co Ltd and Huawei Device USA Inc pleaded not guilty to U.S. fraud, trade secrets conspiracy and other charges,…

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Starboard joins opposition to Bristol-Myers’ $74 billion Celgene deal

(Reuters) – Activist hedge fund Starboard Value LP followed Bristol-Myers Squibb Co’s second-largest investor, Wellington Management, in opposing the drugmaker’s $74 billion purchase of biotech Celgene Corp on Thursday, sowing further doubt on what would be the largest pharmaceutical takeover ever. FILE PHOTO: Logo of global biopharmaceutical company Bristol-Myers Squibb is pictured…

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U.S. stocks edge downward as Wall Street takes a pause

NEW YORK (Reuters) – Wall Street’s main indexes fell slightly on Thursday as support from better-than-feared U.S. GDP data was countered by concerns about earnings and U.S.-China trade relations. Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., February 25, 2019. REUTERS/Brendan McDermid Also on…

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U.S. economic growth in 2018 misses Trump’s 3 percent target

WASHINGTON (Reuters) – The U.S. economy fell short of the Trump administration’s 3 percent annual growth target in 2018 despite $1.5 trillion in tax cuts and a government spending blitz, and economists say growth will only slow from here. A better-than-expected performance in the fourth quarter pushed gross domestic product up 2.9…

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USTR to suspend China tariff hike ‘until further notice’

WASHINGTON (Reuters) – The U.S. Trade Representative’s office said on Wednesday it would move to formally suspend a scheduled tariff increase on Chinese goods “until further notice” following President Donald Trump’s decision to delay his Friday deadline for a U.S.-China trade deal amid progress in their talks. The statement was issued after…

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FAA says Southwest Airlines can begin Hawaii service

FILE PHOTO – A Southwest grounds crew member pats the nose of a Boeing 737-700 plane as it comes to a stop at its gate at William P. Hobby Airport in Houston, Texas, February 20, 2019. REUTERS/Mike Blake CHICAGO (Reuters) – Southwest Airlines Co has won approval from the U.S. Federal Aviation…

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How U.S. bike companies are steering around Trump’s China tariffs

(Reuters) – U.S.-based bicycle manufacturer Kent International has found a way around President Donald Trump’s tariffs – by shifting production out of China. Employees work on the production line of Kent bicycles at Shanghai General Sports Co., Ltd, in Kunshan, Jiangsu Province, China, February 22, 2019. Picture taken February 22, 2019. REUTERS/Aly…

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