Trump owes at least $315.6 million to German and other lenders
2017-06-17 07:34:21 UTC
WASHINGTON — President Donald Trump had personal liabilities of at least $315.6 million to German, U.S. and other lenders as of mid-2017, according to a federal financial disclosure form released late on Friday by the U.S. Office of Government Ethics.
He had roughly $20 million in income from ...
Amazon to buy Whole Foods
2017-06-16 17:34:24 UTC
By Lauren Hirsch, Anya George Tharakan and Sruthi Ramakrishnan
Amazon.com Inc said on Friday it would buy U.S. organic supermarket chain Whole Foods Market Inc for $13.7 billion, including debt, marking the internet retailer's largest deal and biggest foray into the brick-and-mortar retail secto...
Sweden’s Museum of Failure displays flops
2017-06-08 04:04:15 UTC
HELSINGBORG, SWEDEN – Green Heinz ketchup? Fat-free Pringles? Colgate frozen lasagna? You don’t need to be an expert to know these products weren’t successful.
Which is why these creations, with dozens of others, feature in the new Museum of Failure, a wacky parade of rejected products from ye...
Tech shares lead stocks to record highs and continue to rise
2017-06-04 05:28:11 UTC
NEW YORK — Technology shares have led U.S. stocks to record highs and are expected to continue to rise, but as market value becomes concentrated in the largest companies, some are beginning to look for the next rally leader.
The technology sector of the S&P 500 .SPLRCT has risen roughly 20 per...
Canada suspends talks with Boeing over jet purchase
2017-06-01 19:20:32 UTC
The Canadian government has suspended talks with Boeing over the planned purchase of Super Hornet jets as a stopgap measure, an official said on Thursday.
"We have a capability gap, we outlined a process, our partner in that process is not acting like a valued partner right now so we've suspen...
New visa rules: 15 years biographical & 5 years social media
2017-06-01 05:41:55 UTC
WASHINGTON — The Trump administration has rolled out a new questionnaire for U.S. visa applicants worldwide that asks for social media handles for the last five years and biographical information going back 15 years.
The new questions, part of an effort to tighten vetting of would-be visitors ...
Global Warming: U.S. wants to plunder the planet
2017-05-31 18:28:52 UTC
U.S. far-right nationalist President Donald Trump, who has previously called global warming a hoax, plans to make good on his campaign vow to withdraw the United States from a global pact to fight climate change, a move that promises to deepen a rift with U.S. allies, according to Reuters.
Facebook focuses on Vox, BuzzFeed and others for video service
2017-05-24 20:47:43 UTC
NEW YORK — Facebook has signed deals with millennial-focused news and entertainment creators Vox Media, BuzzFeed, ATTN, Group Nine Media and others to make shows for its upcoming video service, which will feature long and short-form content with ad breaks, according to several sources familiar wi...
Democrats Ask Deutsche Bank If Trump Accounts Have Russia Ties
2017-05-24 20:04:14 UTC
Democrats on a U.S. of House of Representatives panel have asked Deutsche Bank to provide information on whether any accounts connected to President Donald Trump have ties to Russia, adding another dimension to probes into connections between Moscow and Trump.
Democrats on the U.S. House Finan...
German's Aldi is going to beat the largest US retailer at its own game
2017-05-11 06:57:56 UTC
German grocery chain Aldi is going to beat the largest US retailer at its own game: low prices.
Already with 1,600 U.S. stores, Aldi’s internal studies show its prices are 21 percent lower than its lowest-priced rivals, including Wal-Mart Stores Inc, according to Chief Executive Jason Hart. He...
Public records shows how Trump is using pension funds to enrich himself
2017-04-26 18:37:14 UTC
By Julia Harte | WASHINGTON — Public pension funds in at least seven U.S. states have invested millions of dollars in an investment fund that owns a New York hotel and pays one of President Donald Trump's companies to run it, according to a Reuters review of public records. That arrangement could...
Trump's Tax Plan With Big Cuts For Businesses Like His
2017-04-26 18:33:19 UTC
WASHINGTON — Trump proposed slashing the U.S. tax rate on corporate and pass-through business profits to 15 percent from 35 percent or more, while also offering tax cuts to average Americans in a rough outline of his tax policy goals.
A one-page summary of his proposals, released at a White Ho...
Protesters To Trump: We Want To See Your Tax Returns
2017-04-16 05:20:35 UTC
WASHINGTON/ NEW YORK — Tens of thousands of people marched through midtown Manhattan and dozens of U.S. cities on Saturday to demand that President Donald Trump release his tax returns and to dispute his claim that the public does not care about the issue.
Organizers of "Tax March" in more tha...
Tesla Beat GM To Become Most Valuable US Auto Maker
2017-04-10 21:23:22 UTC
By Noel Randewich | SAN FRANCISCO
Tesla Inc (TSLA.O) on Monday became the most valuable U.S. car maker, reaching a market capitalization of $50.887 billion and edging past General Motors (GM.N) which produces many more cars.
Helped by an analyst's recommendation, the luxury electric car maker...
Twitter Refuses To Reveal User Behind Anti-Trump Account
2017-04-07 04:52:53 UTC
By David Ingram |
SAN FRANCISCO — Twitter Inc on Thursday filed a federal lawsuit to block an order by the U.S. government demanding that it reveal who is behind an account opposed to President Donald Trump's tough immigration policies.
Citing freedom of speech as a basis for not turning o...
"Tough Market": U.S. Car Market Boom Starts Losing Steam
2017-04-03 16:44:32 UTC
By Nick Carey |
DETROIT — Major U.S. automakers on Monday posted sales figures for March that came in below market expectations and heightened concerns the country's boom in vehicle sales may be losing steam, sending shares in car companies down.
General Motors Co (GM.N) and Fiat Chrysler ...
Michael Flynn Failed To Disclose Payments From Russia
2017-04-02 01:52:51 UTC
Washington — Michael Flynn, Trump's former national security adviser, failed to disclose payments from a Russian television network and a second firm linked to Russia in a February financial disclosure form, according to documents released by the White House on Saturday.
In a financial disclos...
Uber suspends self-driving car program after Arizona crash
2017-03-25 23:39:22 UTC
By Gina Cherelus
Uber Technologies Inc [UBER.UL] suspended its pilot program for driverless cars on Saturday after a vehicle equipped with the nascent technology crashed on an Arizona roadway, the ride-hailing company and local police said.
The accident, the latest involving a self-driving ve...
Mexican companies should not participate in Trump's border wall
2017-03-22 05:20:11 UTC
By Anthony Esposito |
MEXICO CITY — Mexico's government on Tuesday warned Mexican companies that it would not be in their best "interests" to participate in the construction of U.S. President Donald Trump's border wall, though there will be no legal restrictions or sanctions to stop them if t...
Google apologizes for ads alongside offensive videos on YouTube
2017-03-20 19:20:23 UTC
By Esha Vaish and Kate Holton
Google apologized on Monday for allowing ads to appear alongside offensive videos on YouTube as more high-profile firms such as Marks & Spencer (MKS.L) and HSBC (HSBA.L) pulled advertising for British markets from Google sites.
The British government has susp...
Agriculture leaders slam Trump's budget proposal
2017-03-16 22:49:57 UTC
By Karl Plume and P.J. Huffstutter |
CHICAGO — Agriculture leaders including lawmakers from President Donald Trump's Republican Party on Thursday criticized his planned 21 percent cut to discretionary spending at the U.S. Department of Agriculture (USDA), saying it could take a toll on the ...
Trump out of touch with environmental concerns: Reopening the fuel-economy rules
2017-03-15 22:11:17 UTC
By Nick Carey and David Shepardson |
DETROIT/WASHINGTON — President Donald Trump on Wednesday ordered a review of tough U.S. vehicle fuel-efficiency standards put in place by the Obama administration, handing a victory to auto industry executives and provoking criticism from Democrats and env...
Euronet Worldwide launched a $1 billion bid for rival MoneyGram
2017-03-14 22:19:19 UTC
By Sruthi Shankar and Anna Irrera |
U.S. electronic payments company Euronet Worldwide Inc (EEFT.O) launched a $1 billion bid for rival MoneyGram International Inc (MGI.O) on Tuesday, arguing that its all-American deal would face less regulatory scrutiny than a lower bid by Ant Financial Ser...
Oil fell, U.S. crude prices fell through the $50/barrel
2017-03-09 21:04:48 UTC
By Devika Krishna Kumar |
NEW YORK — Oil fell about 2 percent on Thursday, extending the previous session's slump to prices not seen since an OPEC-led pact to cut production was agreed, as record U.S. crude inventories fed doubts about the effectiveness of the deal to curb a global glut.
Trump's Border Wall: Enough Money To Cover A Mile
2017-03-02 10:49:34 UTC
By Julia Edwards Ainsley | DHS has just $20 million for Trump's border wall.
WASHINGTON — President Donald Trump’s promise to use existing funds to begin immediate construction of a wall on the U.S.-Mexico border has hit a financial roadblock, according to a document seen by Reuters.