SEC approves new rules for exchanges to cancel erroneous stock tradesOctober 5th, 2009 SEC OKs rules for canceling erroneous stock tradesWASHINGTON — Federal regulators have approved new rules for stock exchanges for nullifying erroneous trades deemed wildly out of sync with current prices. The Securities and Exchange Commission said Monday the new rules allow an exchange to consider canceling, or "breaking," a stock trade only if the price in question exceeds the preceding sale price by more than a certain amount.
China tries to ease fears of trade war with Washington but will press tire case at WTOSeptember 14th, 2009 China says tire spat shouldn't hurt US tiesBEIJING — China tried Tuesday to allay fears of a trade war with Washington over tire tariffs, saying it will press a World Trade Organization case against new U.S. duties but wants to avoid harming relations.
Sprint Nextel, Eli Lilly, E-Trade, Goodyear, Tenet Healthcare are among big market moversSeptember 14th, 2009 Sprint Nextel, Eli Lilly, E-Trade big moversNEW YORK — The following stocks were among those that moved substantially or traded heavily Monday on the New York Stock Exchange and Nasdaq Stock Market:
NYSE:
Sprint Nextel Corp., up 38 cents at $4.15
A U.K. newspaper reported that Germany's Deutsche Telekom is weighing a takeover bid for the U.S.
Meltdown 101: Latest trade spat with China could raise prices for tires in the USSeptember 14th, 2009 Meltdown 101: China-US trade spat and tire pricesChina and the U.S. are bickering over tariffs on tires and exports of chicken.
China balks at US tire pressure, but 2 economies need each other; wider trade war unlikelySeptember 14th, 2009 US-China tire spat unlikely to trigger trade warWASHINGTON — China's complaint Monday over new U.S. tariffs on Chinese tires raised pressure on Washington but isn't likely to incite a full-blown trade war.
Beijing calls for talks with Washington in World Trade Organization over tire tariffsSeptember 14th, 2009 China calls for WTO talks on US tire tariffsBEIJING — China accused Washington on Monday of violating World Trade Organization rules by raising tariffs on Chinese tires and demanded talks in the WTO on the latest and most acrimonious in a string of trade disputes. "The American side's imposition of protective measures on Chinese tires violates WTO regulations," Commerce Ministry spokesman Yao Jian said in a statement.
Shares of US tire makers surge after Obama administration slaps tariffs on Chinese tiresSeptember 14th, 2009 US tire stocks surge on news of tariff on ChineseNEW YORK — Shares of U.S. tire makers surged Monday after a decision last week by the Obama administration to impose higher tariffs for three years on Chinese tires.
US says trade penalties on Chinese fair, Beijing says could sour ties between nationsSeptember 12th, 2009 China: Trade penalties will hurt US relationsWASHINGTON — President Barack Obama's decision to impose trade penalties on Chinese tires has infuriated Beijing at a time when the U.S. badly needs Chinese help on climate change, nuclear standoffs with Iran and North Korea and the global economy.
Obama imposes tariffs on Chinese tires; Beijing calls move 'protectionism'September 12th, 2009 US, China at odds over tire importsWASHINGTON — President Barack Obama has imposed new punitive tariffs on all car and light truck tires coming into the U.S. from China, a move Beijing condemned Saturday as protectionism and a violation of the guidelines of global trade.
New US trade penalties on Chinese tires infuriates Beijing, could sour ties between nationsSeptember 12th, 2009 US says trade penalties on Chinese tires are fairWASHINGTON — President Barack Obama's decision to impose trade penalties on Chinese tires has infuriated Beijing at a time when the U.S. badly needs Chinese help on climate change, nuclear standoffs with Iran and North Korea and the global economy.
Obama decides to impose tariffs on Chinese tire imports for 3 yearsSeptember 11th, 2009 Obama to impose tariffs on Chinese tiresWASHINGTON — President Barack Obama on Friday slapped punitive tariffs on all car and light truck tires entering the United States from China in a decision that could anger the strategically important Asian powerhouse but placate union supporters important to his health care push at home. Obama had until Sept.
Obama faces balancing act among politics, diplomacy and labor on China tire duty caseSeptember 11th, 2009 Obama faces tough choice on China tire duty caseWASHINGTON — President Barack Obama faces a tough choice as he nears a deadline on whether to slap tariffs on a flood of Chinese tires entering the United States: Imposing duties could antagonize strategically important China; not doing so would anger Obama's union allies. By next week Obama must decide whether the United States will impose a tariff of up to 55 percent on tires imported from China, which a powerful union blames for the loss of thousands of American jobs.
China accuses US of protectionism in tire import case, appeals to Washington not to hurt tiesAugust 12th, 2009 China accuses US of protectionism in tire caseBEIJING — A Chinese trade official said Wednesday that a U.S. complaint about China's tire exports smacks of protectionism and appealed to Washington to avoid taking steps that might harm relations.
China launches anti-dumping probe of US, Russia steel, but case not expected to affect pricesJune 3rd, 2009 China launches trade probe of US, Russia steelBEIJING — China is investigating imports of U.S. and Russian steel under anti-dumping rules amid a rise in Chinese imports of the metal.
WTO rules US fees on Japanese steel products, ball bearings still illegalApril 24th, 2009 WTO rules against US in trade dispute with JapanGENEVA — The World Trade Organization ruled against the United States on Friday in a trade case, saying it continued to apply illegal import duties on Japanese steel products and ball bearings. The 65-page verdict says Washington had failed to change how it sets fees for goods it suspects are being sold in the U.S.
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