UPDATE: Correction: Baker Hughes (BHGE) Declares $.18 Quarterly Dividend; 2.1% Yield
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Apple breaches $1 trillion stock market valuation
August 2, 2018 11:49 AM EDTBy Noel Randewich
SAN FRANCISCO (Reuters) - Apple Inc (NASDAQ: AAPL) on Thursday became the first $1 trillion publicly listed U.S. company, crowning a decade-long rise fueled by its ubiquitous iPhone that transformed it from a niche player in personal computers into a global powerhouse spanning entertainment and communications.
The tech company's stock jumped 2.9 percent to end the day at $207.39, giving it a market capitalization of $1.002 trillion. During the session, Apple's stock market value reached as much as $1.006 trillion.
Apple has rallied about 9 percent since Tuesday, when it reported June-quarter... More
China stands its ground after Trump amps up tariff threats
August 2, 2018 5:01 AM EDTBy Ben Blanchard and Susan Heavey
BEIJING/WASHINGTON (Reuters) - China vowed on Thursday to retaliate if the United States acted on a threat to raise tariffs on the Asian nation's exports, fueling fears in financial markets that the trade war between the world's two biggest economies would escalate.
U.S. President Donald Trump on Wednesday instructed his trade officials to look at increasing tariffs to 25 percent from 10 percent on $200 billion in Chinese imports into the United States.
Trump, who has accused China and others of exploiting the United States in global trade, has demanded... More
Siemens lifts profit goals under new Vision 2020+ strategy
August 1, 2018 2:45 PM EDTBy John Revill
MUNICH (Reuters) - Siemens unveiled its new Vision 2020+ strategy on Wednesday - a move designed to boost the German engineering group's profitability in an era where sprawling conglomerates are increasingly unloved by investors.
The overhaul - which sees its five industrial divisions combined into three operating companies - is designed to simplify the trains to turbine company and make its structure leaner.
Under the changes, Siemens, which is due to report its latest earnings on Thursday, said it expects to increase the annual growth rate and profit margin of its... More
