
Toshiba takes $2.3 bln hit from Westinghouse write-down
Troubled conglomerate Toshiba announced Tuesday it had booked a $2.3 billion write-down of its US nuclear unit Westinghouse but said the sale of its medical devices business would reduce its forecast net loss for the year ended March. ... more
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US Steel files complaint against Chinese steel imports
US Steel Corporation filed a trade complaint Tuesday against big Chinese steel makers and distributors, seeking to bar allegedly unfairly traded Chinese products from the US market. ... more
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Airbus, Leonardo and Thales reported moving towards European space firm
New study links satellite discharges to electron buildup in orbit
Gilat wins $7 million US defense contract for transportable SATCOM systems
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Oil prices up on expectations of market balance
Anticipation about the pace of the global economy and expectations Tuesday of a return to balance added more fuel to the fire growing in support of oil prices. ... more
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Demand pulling U.S. gasoline prices higher
Consumer demand for gasoline is pushing the price at the pump higher for Americans, though it remains low historically speaking, retail analysis finds. ... more
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Hong Kong leader warns independence calls threaten economy
Hong Kong's Beijing-friendly leader warned Tuesday the city will lose investment and job opportunities if residents continue to seek independence, painting a bleak economic picture of the former British colony without Chinese support. ... more
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Locals rule for Tehran energy conference
Iranian media reports local companies outnumber the number of foreign entities registered to attend an oil and natural gas conference in May in Tehran. ... more
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First drop in iPhone sales, Apple revenue streak ends
Apple on Tuesday reported its first-ever drop in iPhone sales since launching the smartphone in 2007 as the tech giant's long streak of rising revenue ended. ... more
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