Target beats second-quarter earnings expectations thanks to an increase in traffic and sales. The retailer also boosts its full-year estimates.Retailread more
Corporate debt recently passed the $1 trillion mark in a continuing sign of global financial displacement.Marketsread more
Trump said he has "been thinking about payroll taxes for a long time" — and he cautioned that "whether or not we do something now, it's not being done because of recession."Politicsread more
Lowe's also tops rival Home Depot on same-store sales growth in the U.S.Retailread more
President Donald Trump said on Twitter he was postponing a scheduled meeting with Denmark's prime minister because of her lack of interest in discussing a possible sale of...World Politicsread more
After a rush on refinances, homeowners took a breather last week, despite still seeing the lowest interest rates in about three years.Real Estateread more
After Elon Musk touts Tesla solar on Twitter, Walmart sues the electric vehicle and clean energy company over store rooftop panels that ignited.Technologyread more
The bond market has entered a financial twilight zone, and at this point, there doesn't seem to be a smooth way out.Market Insiderread more
Huawei CEO Ren Zhengfei laid out plans to bring more efficiencies to the organization. This included simplifying the reporting structure, cutting down on surplus staff, axing...Technologyread more
Wall Street still has an appetite for Beyond Meat, but two traders have a better way to play the stock.Trading Nationread more
China has used both monetary and fiscal measures to lift economic activity as its trade war with the U.S. looks set to intensify in the coming months.China Economyread more
TAIPEI, May 10 (Reuters) - Terry Gou, chairman of Apple supplier Foxconn, will retain a seat on the company's proposed board, a source with knowledge of the matter told Reuters on Friday, as he plans to run for Taiwan's presidential election.
Gou announced last month that he would contest Taiwan's presidential election in January, seeking to represent the China-friendly opposition Kuomintang (KMT) party - a vote that comes after a period of increasing tension between Beijing and Taipei.
Gou's election bid came after he told Reuters in April that he planned to step down from Foxconn to pave the way for younger talent to move up the company's ranks.
It is not immediately clear whether Gou will resign from his role as chairman of the board.
The proposed candidates for the new company board, which include Lu Sung-Ching, the chairman of Foxconn Interconnect Technology Ltd, and Sharp Corp's chairman Tai Jeng-wu, is subject to approval from a shareholder meeting in June, before a new chairman is elected.
Analysts said Gou's election bid might be weighed down by his ties to a Chinese leadership that refuses to renounce the use of force to unify with self-ruled Taiwan it considers a wayward province.
Shares of Foxconn fell 0.7% on Friday, lagging the benchmark share price index's 0.2% decline. They are up about 18% this year after falling 30 percent last year. (Reporting by Yimou Lee in Taipei; editing by Louise Heavens)