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US Steel Corp seeks to push for China trade probe

  Bloomberg US Steel Corp. will ask a trade agency on Thursday to investigate its claims that rival Chinese manufacturers colluded to fix prices to undercut competitors in the American market on the same day President Donald Trump will order a separate Commerce Department probe of steel imports. Trump will sign a memorandum authorizing a probe under section 232 of ...

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Qualcomm’s chip expansion helps deflect lawsuit concerns

  Bloomberg Qualcomm Inc., the biggest maker of chips used in mobile phones, said a push into new markets such as automotive and connected devices bolstered sales in the second quarter, helping relieve concerns that growth will be hurt by legal challenges in its licensing business. Adjusted sales and profit topped analysts’ estimates in the period that ended in March. ...

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Nestle, Unilever price rises spur food industry optimism

  Bloomberg Nestle SA and Unilever reported sales that beat estimates as the European food giants pushed through higher prices to combat slowing consumption in most parts of the world. KitKat maker Nestle said organic revenue rose 2.3 percent in the first quarter, compared with the 2 percent median estimate. Unilever’s sales growth of 2.9 percent exceeded analyst predictions of ...

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