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Business News

U.S. eases some restrictions on China's Huawei to keep networks operating

The U.S. government on Monday temporarily eased some trade restrictions imposed last week on China's Huawei, a move that sought to minimize disruption for the telecom company's customers around the world.

American Airlines asks court to block disruptive 'slowdown' by mechanics unions

American Airlines Group Inc has filed a lawsuit against two unions representing its mechanics, asking the court to halt what it called an illegal slowdown that it said on Monday threatened to disrupt U.S. summer travel.

Legg Mason names Trian's Peltz, Garden to board

Legg Mason Inc said on Monday it had appointed Trian Fund Management LP's Nelson Peltz and Ed Garden as directors, raising the size of its board to 12 members.

Walmart, Target, Bed Bath must face lawsuit over fake 'Egyptian' cotton: NY judge

A federal judge said Walmart Inc, Target Corp and Bed Bath & Beyond Inc must face a lawsuit claiming they sold linens that were falsely labeled "100% Egyptian Cotton" or "100% Long-Staple Egyptian cotton" despite being suspicious of their origin.

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