The retaliatory measures followed Trump's controversial move to order the withdrawal of all U.S. troops from Syria's northern border with Turkey.Politicsread more
Bloomberg could be in for a showdown with Elizabeth Warren, whether he runs or not.2020 Electionsread more
As the season kicks into gear this week, S&P 500 firms are expected to report a 4.6% earnings decline over the same period a year agoEarningsread more
"I think that may have scared the Chinese that they were going to get into a serious trade war with access to our capital markets being cut off, among other things," Michael...China Politicsread more
David Rolfe, a longtime Berkshire Hathaway shareholder and CIO at Wedgewood Partners, is fed up with Warren Buffett.Marketsread more
Bank of America says investors should still look to stocks for value rather than bonds.Investingread more
Wall Street analysts estimate GM has lost more than $1 billion due to the United Auto Workers' strike, which began Sept. 16.Autosread more
Top financial companies will mark the unofficial start of earnings season with their reports this week, and experts are offering several recommendations for trading the moves.ETF Edgeread more
The indexes traded in a tight range as investors looked ahead to the start of the earnings season while grappling with new worries over trade.Marketsread more
The union that represents Southwest Airlines pilots don't expect the grounded Boeing 737 Max to return until at least February, about a month later than the airline expects.Airlinesread more
Check out the companies making headlines in midday trading:Market Insiderread more
workforce@ (Recasts to include withdrawal of dismissal notice)
NAIROBI, Aug 9 (Reuters) - East African Portland Cement backed away from a plan to dismiss its entire 800-strong workforce on Friday, saying it would make a further statement about restructuring the company.
Kenya media reported earlier on Friday that the company had dismissed all of its workers. The Daily Nation newspaper cited an internal memo written by acting managing director Stephen Nthei saying the cement maker planned to rehire 600 of the staff, but on 40 percent of their previous pay.
"(The) notice has been withdrawn," Nthei said in a letter addressed to the Kenya Chemical Workers Union and seen by Reuters.
"A fresh replacement notice on the intended company restructuring and staff rationalization shall be circulated in due course," the letter said.
Portland is 52 percent owned by the government and LafargeHolcim owns a 41.7% stake.
Portland swung to a pre-tax profit of 6.96 billion shillings ($67.41 million) in the year to end June 2018 after a loss of 1.71 billion shillings in the previous year.
It has not released figures for fiscal year 2019.
It said last year it held a market share of 11%.
Portland's rivals include Bamburi Cement and National Cement Company, which in May signed a deal to buy ARM Cement after it was put into administration last August by creditors over debts totalling $190 million.
($1 = 103.2500 Kenyan shillings) (Reporting by George Obulutsa; Additional reporting by Humphrey Malalo; editing by Maggie Fick, Jason Neely, Kirsten Donovan)