Bloomberg ZTE Corp. unveiled a settlement with the US government to rescue the Chinese telecom-equipment maker. But investors put a steep initial estimate on the cost of the deal: at least $2.7 billion. ZTE agreed to pay at least $1 billion in penalties and overhaul its leadership to escape essentially a death sentence. That still leaves it with the challenge ...

Bloomberg China’s home prices rose by the most in 19 months in May even as the government pressed ahead with a two-year campaign to curb property speculation. New-home prices in 70 cities tracked by the government gained 0.8 percent from a month earlier, according to Bloomberg calculations based on data from the National Bureau of Statistics. That compared with a ...

Bloomberg Samsung Electronics Co. was told to pay $400 million after a federal jury in Texas said it infringed a patent owned by the licensing arm of a South Korean university. Samsung pledged to appeal. Qualcomm Inc. and GlobalFoundries Inc. also were found to have infringed the patent but weren’t told to pay any damages to the licensing arm of ...

Bloomberg The Japanese Cabinet approved a new mid-term economic plan that further delays efforts to rein in debt and removes an important cap on spending. The plan for economic policy making and fiscal management for the next three years targets a primary balance surplus by fiscal 2025, five years later than the previous goal, and drops $4.5 billion limit on ...

Bloomberg Apple Inc must persuade a US trade judge that iPhones containing Intel Corp chips should be allowed into the country, even if they infringe a Qualcomm Inc patent. That’s the challenge facing the world’s largest publicly-traded company, laid out in a US International Trade Commission hearing in Washington, part of a long-running legal battle between Apple and Qualcomm. Staff ...

Bloomberg Time Warner will get a new name under new owner AT&T Inc.: WarnerMedia. The business, which includes HBO, Turner Broadcasting and the Warner Bros. studio, was christened with the moniker in an internal memo obtained by Bloom-berg. As part of the changes, Turner Chief Executive Off-icer John Martin will be leaving the company — a widely expected move. AT&T ...

Bloomberg US factory production fell in May by the most since January 2014, weighed down by fewer truck assemblies and still consistent with a steady outlook for manufacturing, Federal Reserve data showed. Factory output fell 0.7% (est. unchanged) after rising an upwardly revised 0.6%. Total industrial production, which also includes mines and utilities, decreased 0.1% (est. 0.2% rise) after an ...

Bloomberg Rupert Murdoch and the 21st Century Fox Inc. board will consider on Wednesday how to proceed with Comcast Corp.’s $65 billion bid for the company’s entertainment assets, people with knowledge of the matter said. The Fox board, which agreed to sell the assets to Walt Disney Co. last year, must decide whether Comcast’s proposal has a reasonable chance of ...

Bloomberg A slew of companies have sprung up to make the smarts, sensors and other integral systems for self-driving cars. Here comes one to tell these cars where to go. Startup RideOS said that it has raised $9 million led by venture firm Sequoia Capital and reached a partnership with a division of Ford Motor Co. Started by two former ...

Washington is working up a sweat over China’s industrial policies. There are fears Beijing will build technology companies and advanced manufacturers capable of squashing American rivals by lavishing aid on favoured sectors. Many of the tariffs the US plans to impose are aimed at products generated by this state-led agenda, most of it under the “Made in China 2025” program. ...