Bloomberg If General Motors (GM) Co’s negotiations with the United Auto Workers (UAW) are any indication, Detroit’s automakers may not have a prayer in their effort to rein in rising healthcare costs. As GM was nearing the expiration of its labor contract with the union, the carmaker sought to have hourly workers pay 15 percent of their health-care costs, according ...

Bloomberg Apple Inc sought to rebut claims by the European Commission that Irish units at the centre of its fight to overturn a record $14.3 billion tax bill are nothing but phantoms. Judges weighing Apple’s legal challenge on day two of a hearing at the EU’s General Court homed in on the exact functioning of the Irish branches that allowed ...

Bloomberg Envista Holdings Corp, a dental products maker, raised $589 million after pricing its US initial public offering within the marketed range. The dental business of medical and industrial equipment manufacturer Danaher Corp sold 26.8 million shares for $22 apiece, according to data compiled by Bloomberg. The shares were offered at $21 to $24 each, according to a regulatory filing. ...

Bloomberg The Trump administration is optimistic about concluding a trade deal with Japan, which may be formally announced this month, said White House economic adviser Larry Kudlow. President Donald Trump and Japanese PM Shinzo Abe are scheduled to hold a one-on-one meeting on September 25 during the UN General Assembly in New York, Kudlow said. “There just might be an ...

Bloomberg Adobe Inc gave a revenue forecast for the current period that fell short of Wall Street estimates, signalling slower sales growth for its newer marketing products. Revenue will be about $2.97 billion in the period ending in November, the San Jose, California-based company said in a statement. Analysts projected $3.02 billion, according to data compiled by Bloomberg. Chief Executive ...

Bloomberg Hong Kong’s government doesn’t see any benefit in conceding to more demands from protesters and the increasingly violent demonstrations are unlikely to stop anytime soon, according to a top adviser to leader Carrie Lam. Radical demonstrators — some of whom have lobbed petrol bombs at police and vandalised subway stations in recent weeks — won’t give up their struggle ...

Bloomberg President Donald Trump said he doesn’t want to meet with Iranian President Hassan Rouhani at a summit next week in New York. “I’m not looking to meet him. I don’t think they’re ready yet. But they’ll be ready,” Trump told reporters aboard Air Force One. “At the right time, they’ll be ready. I never rule anything out, but I ...

Bloomberg President Donald Trump said he’ll appoint Robert O’Brien as his White House national security advisor, elevating the State Department’s top hostage envoy from relative obscurity to one of the most important jobs in US government. O’Brien had the backing of Secretary of State Michael Pompeo, whose central role shaping the administration’s foreign policy will be solidified by the appointment. ...

Bloomberg European Commission President Jean-Claude Juncker said on Wednesday that the risk of a no-deal Brexit on October 31 is now “palpable,” sparking a drop in the pound. Juncker, speaking to the European Parliament in Strasbourg, France, after a meeting with UK Prime Minister Boris Johnson, said the main sticking point continued to be the so-called backstop to avoid a ...

Bloomberg Spain is headed for its fourth election in as many years in November as the latest failure to produce a governing alliance highlighted the increasingly fractured state of its politics. “Spain needs stability, moderation, a progressive government — it doesn’t need deadlock,” acting Prime Minister Pedro Sanchez said in a stormy parliament session as political opponents assailed him for ...