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May 15, 2019
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May 16, 2019
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Mixed Markets…Huawei troubles…E Cigarette review

 

TOKYO (AP) – Global shares were mixed Thursday amid worries over trade tensions, leavened by media reports that President Donald Trump may delay a decision on auto tariffs. Futures point to little change as Wall Street opens. Benchmark U.S. crude oil rose above $62.50 a barrel. The dollar fell against the yen and the euro.

 

WASHINGTON (AP) – In a fateful swipe at telecommunications giant Huawei, the Trump administration issued an executive order Wednesday apparently aimed at banning its equipment from U.S. networks and said it was subjecting the Chinese company to strict export controls. Officials say Huawei would be the largest business ever subjected to the controls, a law enforcement measure that requires it to obtain U.S. government approval on purchases of American technology.

 

WASHINGTON (AP) – A federal judge is siding with public health groups suing the Food and Drug Administration to begin reviewing thousands of e-cigarettes on the U.S. market. The ruling handed down Wednesday in district court states that the agency shirked its legal duty when it postponed reviewing all U.S. vaping products by several years. The American Academy of Pediatrics, Campaign for Tobacco-Free Kids and other groups filed the federal lawsuit in Maryland last year.

 

LOS ANGELES (AP) – Efforts to combat the intractable problem of school shootings are starting to shift from preventing the violence to reducing the number of victims through technology that speeds up law enforcement’s response and quickly alerts teachers and students to danger. School districts are using products like gunshot detection systems that identify where shots are fired and apps that allow teachers to report attacks and connect with police.

 

LONDON (AP) – Shares in travel agency Thomas Cook slumped 17 percent after it reported a 1.5 billion pound ($1.9 billion) half year pre-tax loss and warned Brexit uncertainty was prompting travelers to delay bookings. The cash-strapped firm has struggled amid competition online for bookings as well as a drop in demand for package vacations. The travel company confirmed it is considering offers for all or part of its airline.

 

 

AP-WF-05-16-19 1035GMT