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Pier 1 shares slump to eight-year low after analyst warning

SAN FRANCISCO (Reuters) – Pier 1 Imports Inc’s (PIR.N) stock plunged to its lowest level since 2009 on Monday after an analyst recommended investors avoid the shares until the furniture and home decorations retailer reverses falling sales. The Pier 1 Imports store is seen in Broomfield, Colorado September 17, 2014. REUTERS/Rick Wilking…

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Newell, Starboard end proxy fight with Icahn’s backing

(Reuters) – Consumer products maker Newell Brands Inc (NWL.N) and hedge fund Starboard Value LP have agreed to end a months-long proxy fight through a deal brokered by fellow activist investor Carl Icahn that will add three new independent directors to the board. FILE PHOTO: Billionaire activist-investor Carl Icahn gives an interview…

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China’s ZTE seeks resolution of U.S. export ban

BEIJING (Reuters) – China’s ZTE (0763.HK) (000063.SZ) is seeking a resolution to a U.S. ban on selling it parts and software that it has said threatens its survival. FILE PHOTO: A ZTE smart phone is pictured in this illustration taken April 17, 2018. REUTERS/Carlo Allegri/Illustration/File Photo ZTE “has learnt from its past…

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Japan may soften trade stance as U.S. keeps up pressure

WASHINGTON (Reuters) – Despite calls to resist protectionism and for the United States to rejoin a multilateral trans-Pacific trade pact, Japan is gradually shifting gear to adjust to a trade environment shaken up by U.S. President Donald Trump. Shipping containers are seen at a port in Tokyo, Japan, March 22, 2017. Picture…

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Treasury chief may visit China as trade tensions simmer

WASHINGTON (Reuters) – U.S. Treasury Secretary Steven Mnuchin said on Saturday he may travel to China, a move that could ease tensions between the world’s two largest economies, as international policymakers acknowledged Beijing needs to change its trade practices. U.S. Treasury Secretary Steve Mnuchin speaks at a news conference during the IMF/World…

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China’s ZTE seeks resolution of U.S. export ban

BEIJING (Reuters) – China’s ZTE (0763.HK) (000063.SZ) is seeking a resolution to a U.S. ban on selling it parts and software that it has said threatens its survival. FILE PHOTO: A ZTE smart phone is pictured in this illustration taken April 17, 2018. REUTERS/Carlo Allegri/Illustration/File Photo ZTE “has learnt from its past…

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U.S. banks push mortgage apps as home lending slows

NEW YORK (Reuters) – Big U.S. banks are racing to launch websites and mobile apps to make getting a mortgage faster and easier, investments that may have modest near-term payoffs as home lending activity slows. A Bank of America logo is seen in New York City, U.S. January 10, 2017. REUTERS/Stephanie Keith…

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Trade tensions set for brighter U.S. corporate spotlight

NEW YORK (Reuters) – The potential for an intensifying trade dispute to undercut the U.S. stock market could become clearer next week when a host of multinational companies reports quarterly results that may provide a glimpse into the impact of those global tensions. FILE PHOTO: Traders work on the floor of the…

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U.S. regulator permits China’s ZTE to submit more evidence

NEW YORK (Reuters) – The U.S. Commerce Department has granted ZTE Corp’s (000063.SZ) (0763.HK) request to submit more evidence after the agency banned American companies from selling to the Chinese technology firm, a senior Commerce official said on Saturday. FILE PHOTO – Visitors pass in front of the Chinese telecoms equipment group…

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A U.S. recession ahead? Fed policymakers say not to worry

CHICAGO/SAN FRANCISCO (Reuters) – As the gap between short- and long-term borrowing costs hovers near its lowest in more than 10 years, speculation has risen over whether the so-called yield curve is signaling that a recession could be around the corner. FILE PHOTO: Charles Evans, president of the Federal Reserve Bank of…

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U.S. regulator permits China’s ZTE to submit more evidence

NEW YORK (Reuters) – The U.S. Commerce Department has granted ZTE Corp’s (000063.SZ) (0763.HK) request to submit more evidence after the agency banned American companies from selling to the Chinese technology firm, a senior Commerce official said on Saturday. FILE PHOTO – Visitors pass in front of the Chinese telecoms equipment group…

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