Posts Tagged ‘Business’

Ford to Move Electric Car Production to Mexico

Thursday, December 7th, 2017

Ford plans to produce a future electric car in Mexico rather than make it in the U.S., reversing plans announced in January to make its Flat Rock, Mich., assembly plant near Detroit its main electric-vehicle production site.

Vote on this story -->>>

AT&T, Time Warner Spar With Government Over Trial Start Date

Thursday, December 7th, 2017

The Justice Department, AT&T and Time Warner will make their first court appearance Thursday to address a potentially important factor in the government’s antitrust case challenging the combination of the two companies—the trial schedule.

Vote on this story -->>>

Sleepy’s Owner Steinhoff: Accounting Issues Could Affect $7 Billion in Assets

Thursday, December 7th, 2017

Steinhoff International Holdings said accounting irregularities disclosed Wednesday could affect the valuation and “recoverability” of as much as $7.09 billion worth of assets as South Africa’s Financial Services Board starts an independent investigation into the company.

Vote on this story -->>>

Chinese Banks Face Potential Capital Shortfall, IMF Says

Thursday, December 7th, 2017

Chinese banks may have insufficient capital to weather potential losses from the nation’s rapidly mounting credit risks, the International Monetary Fund said, in a broad review of China’s financial system.

Vote on this story -->>>

Auto Makers Could Face Big Fines Under New European Rules

Thursday, December 7th, 2017

The European Union is expanding its powers to police and fine auto makers, seeking to prevent a repeat of the diesel-emissions scandal. It is introducing spot-checks on new vehicles and penalties of up to $35,394 per non-compliant car.

Vote on this story -->>>

U.S. Panel Locks in Final Tariffs on Canadian Softwood Lumber

Thursday, December 7th, 2017

The U.S. locked in final tariffs on softwood lumber from Canada, ratcheting up economic pressure with a top trading partner and showing the Trump administration’s determination to punish what it sees as unfairly traded imports.

Vote on this story -->>>

Fed Report Says Total Household Net Worth Rise

Thursday, December 7th, 2017

The total net worth of U.S. households climbed further into record territory in the third quarter of 2017, reaching $96.939 trillion as stock markets and property prices boosted Americans’ wealth.

Vote on this story -->>>

Senate Votes to Begin Tax-Overhaul Negotiations With House

Thursday, December 7th, 2017

The U.S. Senate voted to start formal tax-bill negotiations with the House of Representatives as lawmakers began grappling with the delicate balance they must strike to advance final legislation through both chambers and to the president by Christmas.

Vote on this story -->>>

Anheuser-Busch Orders 40 Tesla Semi Trucks

Thursday, December 7th, 2017

Anheuser-Busch has reserved 40 of Tesla’s all-electric Semi trucks, as the maker of Budweiser seeks to reduce fuel costs and vehicle emissions.

Vote on this story -->>>

U.S. Jobless Claims Fall

Thursday, December 7th, 2017

The number of Americans filing applications for new unemployment benefits fell last week, signaling a strong labor market that’s continuing to tighten.

Vote on this story -->>>

Wall Street Tells Frackers to Stop Counting Barrels, Start Making Profits

Thursday, December 7th, 2017

The shale-oil revolution boosted production and made America the world’s oil-and-gas champion. Now, shareholders are insisting producers stop counting barrels and start chasing higher returns.

Vote on this story -->>>

Family Businesses Worry the Tax Overhaul Will Hurt Them

Thursday, December 7th, 2017

Family-owned businesses including grocery stores, craft shops, small manufacturers and others are worried tax legislation in Congress could leave them at a disadvantage to big corporations and other competitors.

Vote on this story -->>>

Who’s Making Sam’s Club a Hit in China? Picky Mothers

Thursday, December 7th, 2017

Wal-Mart Stores Inc.’s Sam’s Club warehouse stores are a hit with mothers in China seeking high-quality imported products—even as the chain has struggled in the U.S. to shed a budget-minded image.

Vote on this story -->>>

Visa Spent a Year Developing a ‘Signature Sound’

Thursday, December 7th, 2017

Visa is launching a signature sound people will hear when they make a payment through a mobile device or at a cash register. Some options were eliminated for sounding ‘angry’ or eliciting ‘visceral reactions.’

Vote on this story -->>>

General Electric’s Power Division to Cut 12,000 Jobs

Thursday, December 7th, 2017

General Electric’s power division said it was cutting 12,000 jobs as part of its efforts to reduce structural costs by $1 billion next year.

Vote on this story -->>>

Roche’s Immunotherapy Drug Extended Patients’ Lives

Thursday, December 7th, 2017

Roche Holding said its immunotherapy drug Tecentriq slowed the progression of lung cancer and helped patients live longer in a late-stage study, bolstering the Swiss drugmaker’s defense against a wave of cut-price competition to its top-selling medicines.

Vote on this story -->>>

Live TV Ratings Aren’t Fully Accounting for Streaming Viewers

Thursday, December 7th, 2017

Nielsen said it’s working with clients to resolve an issue that has caused streaming viewers to not be fully counted in live TV ratings, impacting sports like NFL games.

Vote on this story -->>>

Women Jointly Sue Weinstein Over Alleged Assaults

Thursday, December 7th, 2017

Six women filed a lawsuit against Harvey Weinstein on Wednesday, claiming the movie producer’s actions to cover up sexual assaults amounted to civil racketeering.

Vote on this story -->>>

CoStar and Xceligent Near Legal Settlement Over Data-Theft Suit

Thursday, December 7th, 2017

CoStar Group Inc., a big provider of commercial real estate data, is in advanced talks with rival Xceligent to settle the lawsuit CoStar filed alleging Xceligent was involved in theft of its data.

Vote on this story -->>>

VW Manager Sentenced to 7 Years in Emissions Fraud

Thursday, December 7th, 2017

A Volkswagen manager was sentenced to seven years imprisonment and will pay a $400,000 fine for participating in the German auto giant’s emissions fraud.

Vote on this story -->>>

Iger Likely to Stay On as Disney CEO Past 2019 if Fox Deal Is Reached

Thursday, December 7th, 2017

Walt Disney Co.’s possible purchase of the entertainment assets of 21st Century Fox could mean more time for Robert Iger as chief executive of Disney.

Vote on this story -->>>

Socialism, Capitalism Seen in New Light by the Young

Wednesday, December 6th, 2017

Surveys of America’s youngest voters find a rising appeal of socialism, skepticism about capitalism and a more socially conscious outlook that has ramifications for politics and business.

Vote on this story -->>>

Walgreens Takes Stake in Chinese Pharmacy Chain

Wednesday, December 6th, 2017

Walgreens Boots Alliance agreed to take a 40% stake in Chinese retail-pharmacy company Sinopharm Holding Guoda Drugstores for about $418 million.

Vote on this story -->>>

GM’s Latest Weapon in Pickup Truck Wars: Carbon Fiber

Wednesday, December 6th, 2017

General Motors plans to use costly but lightweight carbon fiber to make the beds on premium versions of large pickup trucks as the auto maker aims to stay competitive in the crucial category while also satisfying tightening fuel-economy standards.

Vote on this story -->>>

Home Depot to Launch $15 Billion Share Buyback

Wednesday, December 6th, 2017

Ahead of an analyst meeting Wednesday, Home Depot said it would launch a $15 billion share buyback program and pledged to accelerate investments in its business as the retail landscape continues to change.

Vote on this story -->>>

Wal-Mart’s New Name: It’s Not Just a Store Anymore

Wednesday, December 6th, 2017

Wal-Mart Stores will shorten its legal name to Walmart Inc., highlighting the company’s shift from traditional stores toward competing online with Amazon.

Vote on this story -->>>

Analysis: Recent Reserve Bank Picks Boost Consensus at the Fed

Wednesday, December 6th, 2017

The appointment of Thomas Barkin, a McKinsey & Co. executive, to lead the Federal Reserve Bank of Richmond reinforces a gradual shift among central bank officials away from dissenters and toward consensus.

Vote on this story -->>>

UnitedHealth to Buy Large Doctor Group for $4.9 Billion

Wednesday, December 6th, 2017

As CVS Health and Aetna seek to build an integrated health care company without doctors, rival UnitedHealth Group makes $4.9 billion deal to add more providers.

Vote on this story -->>>

Luxury Brands Win Right to Block Sale of Goods on Amazon in Europe

Wednesday, December 6th, 2017

Luxury brands can restrict retailers from selling their products on web platforms like Amazon and eBay to protect their image, the European Union’s top court has ruled.

Vote on this story -->>>

Shares in Sleepy’s Owner Steinhoff Fall 60% on Accounting Probe

Wednesday, December 6th, 2017

Retail giant Steinhoff International, which owns American mattress brand Sleepy’s and a string of chains across Europe, said its chief executive has resigned amid an investigation into accounting irregularities.

Vote on this story -->>>

THE MIAMI METROPOLIS -your source for news, music, sports, movies, restaurants, reviews, weather, travel, arts, tech and events in Miami