Chinese trade negotiators suddenly canceled a visit to meet U.S. farmers after they wrapped up trade talks in Washington this week.Marketsread more
Blackstone Executive Vice Chairman Tony James says he's less optimistic now than before that the U.S.-China trade war could be resolved, but even a smaller deal could help...World Economyread more
The Pentagon will deploy U.S. forces to the Middle East on the heels of the attack on Saudi Arabian oil facilities, United States Secretary of Defense Mark Esper announced...Defenseread more
President Trump also said he is "not looking for a partial deal" with Beijing, moving away from his suggestion last week that he would consider an "interim deal."Politicsread more
Progress on trade talks will determine how far market will move above new highs.Trader Talk with Bob Pisaniread more
"Sure, the trade war's taking its toll on business ... it's just not taking its toll where it was supposed to," Jim Cramer says.Mad Money with Jim Cramerread more
Joe Biden called on President Donald Trump Friday to release the transcript of a call with a foreign leader that is the subject of a whistleblower complaint. Biden described...Politicsread more
For investors taking a breather from the chaos in August, buckle up as the market is about go crazy again, Goldman Sachs warned.Marketsread more
Palantir Technologies is targeting a valuation of at least $26 billion in a private fundraising round, the first for the Peter Thiel-backed data analytics startup in four...Wall Streetread more
Michael Pack, a conservative filmmaker linked to Steve Bannon, saw at least $1.6 million in donations from his nonprofit sent into the coffers of his independent production...Politicsread more
The New England Patriots released Antonio Brown just 11 days after signing the wide receiver. The NFL Super Bowl champion team initially had kept him in the face of a rape...Sportsread more
Taiwan's Foxconn on Tuesday responded to a patent infringement lawsuit filed against it by Microsoft, saying as a contract manufacturer, it has never needed to pay royalties for the U.S. giant's software.
Microsoft filed the complaint against Foxconn subsidiary FIH Mobile in the Northern District of California on Friday. It is claiming unpaid royalties for patents used in devices for clients including a top Chinese smartphone vendor.
Foxconn founder and Chief Executive Terry Gou told an impromptu news conference in Taipei that "patent infringement" is not an issue for his group, which "will suffer almost no any loss" as a result of the lawsuit.
Foxconn "has never paid any patent fees to Microsoft," Gou said.
Neither Microsoft nor FIH could be immediately reached for comment.
Foxconn, formally Hon Hai Precision Industry, rose to global prominence as assembler of Apple's iPhone.
It received notice of the lawsuit on Tuesday, said a person with direct knowledge of the matter, who was not authorised to speak with media and so declined to be identified.
Guo was "furious" and will fight back, the person said.
In a Facebook post earlier on Tuesday, Guo questioned why a software firm would not earn patent royalties from vendors that made use of software.
"They should not pick on manufacturers," Guo said at the news conference.
Shares of both Hon Hai and FIH were up around 1 percent in afternoon trade, roughly in line with the benchmark share price index.