Global Glance: Merkel vows not to give up on US free trade deal; UPS adds new holiday-season fee

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Here are today’s top business headlines from across the nation and world:

Germany’s Merkel vows not to give up on US free trade deal

BERLIN (AP) — Chancellor Angela Merkel vowed Tuesday to seek a broad agreement on trade at next month’s Group of 20 summit and told German business leaders that she won’t give up on a free-trade deal between Europe and the U.S. Merkel will host leaders of the G-20 powers in Hamburg on July 7-8 amid widespread concern over the Trump administration’s “America first” approach to trade. In a speech to an annual German industry congress, she stressed the need to convince others of the advantages of open markets and free and fair world trade. Read more

UPS adds new fee up to $1 for holiday-season deliveries

ATLANTA (AP) — UPS is adding a new charge of under $1 for shipments to residential customers during peak delivery periods in November and December. United Parcel Service Inc. said Monday it will add 27 cents for residential deliveries from Nov. 19 to Dec. 2 and Dec. 17-23. UPS will add a fee of between 81 cents and 97 cents to overnight, second- or third-day deliveries for residential deliveries Dec. 17-23. Read more

Rates rise at US Treasury auction to highest since fall 2008

WASHINGTON (AP) — Interest rates on short-term Treasury bills rose in Monday’s auction to their highest levels since October 2008. The Treasury Department auctioned $39 billion in three-month bills at a discount rate of 1.01 percent, up from 0.99 percent last week. Another $33 billion in six-month bills was auctioned at a discount rate of 1.12 percent, up from 1.10 percent last week. Read more

FTC to block FanDuel-DraftKings merger

BOSTON (AP) — Federal regulators are challenging the planned merger of FanDuel and DraftKings, saying the combination of the two largest daily fantasy sports sites would create a company controlling more than 90 percent of the market. The Federal Trade Commission announced Monday it will file a complaint – along with the attorneys general of California and the District of Columbia – seeking to temporarily stop the deal, pending an administrative trial scheduled for Nov. 21. Read more

Apple seeks to void patent claims, fees in Qualcomm dispute

NEW YORK (AP) — Apple is seeking to void some of Qualcomm’s patent claims and licensing agreements, intensifying its legal battle with the chip maker over the technology in iPhones and iPads. In a federal court filing Tuesday, Apple cited a Supreme Court ruling last month that a printer-cartridge maker’s patent rights end with the initial sale of the cartridges. Apple says that ruling strengthens its argument that Qualcomm cannot continue to demand royalties for the patents after selling its cellular chips. Read more

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