SEOUL (Reuters) - U.S. Secretary of Defense Mark Esper pressed South Korea on Friday to pay more for the cost of stationing U.S. troops in the country and to maintain an intelligence-sharing pact with its other Asian ally, Japan, that Seoul is about to let lapse.
Speaking after a high-level defense policy meeting with his South Korean counterpart, Jeong Kyeong-doo, Esper also said the two countries must be flexible with their joint military drills to back diplomatic efforts to end North Korea’s nuclear program.
But he stopped short of announcing any new reduction in military exercises that North Korea has sharply condemned.
North Korea said on Thursday it had turned down a U.S. offer for new talks ahead of a year-end deadline Pyongyang has set for Washington to show more flexibility in negotiations.
As uncertainty hangs over the troubled peace push, the United...
Tulsa-based Helmerich & Payne Inc. (H&P), one of the leading high-tech drillers in the world, expects to see more stable rig demand into 2020 and a continued call for top-of-the-line equipment, but orders could be impacted as customers focus on capital discipline, CEO John Lindsay said Friday.
The company, which designs, fabricates and operates high-performance rigs, better known as super-specs, also provides automation, directional drilling and survey management technologies with a fleet of 99 U.S. land rigs, 31 international land rigs and eight offshore platform rigs.
Lindsay in September had warned of the ongoing decline in activity by exploration and production (E&P) customers. The “sizable pullback in industry activity” by E&Ps was evident in fiscal 4Q2019, Lindsay said.
“The steep decline this past quarter is a result of the overspend of E&P capital budgets that occurred during the first six months of the calendar year.”...
(Reuters) - Amazon.com Inc (AMZN.O) said on Thursday it is contesting the Pentagon’s award of an up to $10 billion cloud computing deal to Microsoft Corp (MSFT.O), expressing concern that politics got in the way of a fair contracting process.
Federal Reserve Chairman Jerome Powell said the central bank was optimistic its interest-rate cuts this year would buoy the U.S. economy against lingering headwinds, including trade uncertainty and a slowdown in global growth.
The U.S.-China trade conflict that escalated this summer has contributed to declines in domestic manufacturing activity, Mr. Powell told the House Budget Committee on Thursday.
An ad pops up on your phone. There’s your favorite NBA superstar at the foul line. Positioning himself for a free throw, he looks into the camera: “I’ve known Caesar Cash for years. He’s a straight shooter, just like me.” He fires the ball at the hoop. Swish! “Cash Financial Advisors,” grins the star. “Move your money to the straight shooters.”
Since 1961, it’s been illegal for investment advisers to use testimonials. A rule proposed by the Securities and Exchange Commission earlier this month would change that....
WASHINGTON (Reuters) - President Donald Trump on Friday asked the U.S. Supreme Court to block a ruling that would require an accounting firm to hand over his financial records to a Democratic-led U.S. House of Representatives committee, one of his lawyers said.
Trump turned to the high court after the U.S. Court of Appeals for the District of Columbia Circuit said on Wednesday it would not revisit its October decision backing the House Oversight Committee’s authority to subpoena the records.
MEXICO CITY (Reuters) - Manuel Romo has been appointed chief executive officer of Citigroup’s Mexican operations Citibanamex with immediate effect, the Mexican unit said in a statement on Friday.
Romo was at the company between 1991 and 2008, and later worked for Mexican rival Grupo Financiero Banorte before returning to Citibanamex last April.
He will replace Ernesto Torres Cantu, who became the bank’s Latin America boss last month.
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WASHINGTON/NEW YORK (Reuters) - The U.S. securities regulator is rethinking a proposal that could weaken a landmark whistleblower program after a pushback from whistleblower lawyers and advocates, people with knowledge of the deliberations told Reuters.
TORONTO (Reuters) - Alphabet’s (GOOGL.O) Sidewalk Labs has provided more details on the technology it intends to use to develop a futuristic smart city in Toronto, which includes self-driving garbage cans and infra-red sensors to track foot traffic in stores, a document released by the company on Friday said.
WASHINGTON (Reuters) - A jury convicted U.S. President Donald Trump’s longtime adviser Roger Stone on Friday on all charges, finding the long-time Republican operative and self-proclaimed “dirty trickster” guilty on seven criminal counts of lying to Congress, obstruction and witness tampering.
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