(Reuters) – Trump administration officials are considering requiring grid operators to buy electricity from ailing nuclear and coal-fired power plants to keep them from being shuttered, according to a draft memo reviewed by Reuters.
Robust Memorial Day weekend sales also bolstered retail auto deliveries, carmakers said. “The U.S. economy remains on a favourable trajectory,” said Ford Motor Co (F.N) chief economist Emily Kolinski Morris during a media briefing call on Friday. Ford estimated full-year industry sales could fall slightly to the high 16 million to low 17 million range, as automakers trim low-margin sales to fleet customers and deal with an increase in used cars coming off lease to compete with new vehicles. …read more […]
LONDON (Reuters) – WPP’s former chief executive Martin Sorrell has moved to reassure investors in the advertising giant that the firm he has set up since his abrupt exit will not compete directly with it.
WASHINGTON/BRUSSELS (Reuters) – U.S. President Donald Trump told Canada and the European Union on Friday to do more to bring down their trade surpluses, a day after hitting the two U.S. allies and Mexico with import tariffs on their steel and aluminum.
BALOCCO, Italy (Reuters) – Fiat Chrysler’s departing chief executive Sergio Marchionne delivered a plan on Friday to ramp up sport utility vehicles and invest 9 billion euros ($10.5 bln) in electric and hybrid cars in a bid to double operating profit by 2022.
(Reuters) – Trump administration officials are considering requiring grid operators to buy electricity from ailing nuclear and coal-fired power plants to keep them from being shuttered, according to a Bloomberg news report on Friday that cited a draft memo.
(Reuters) – U.S. stocks rose on Friday led by bank stocks as a stronger-than-expected jobs report for May locked in expectations of an interest rate hike by the Federal Reserve this month.
(Reuters) – U.S. stocks opened higher on Thursday, led by gains in technology and bank stocks after a stronger-than-expected U.S. jobs report cemented expectations of an interest rate hike this month.
FRANKFURT (Reuters) – German airline Lufthansa will firm up details of its planned staff shake-up by the end of August, management board member Bettina Volkens told German weekly WirtschaftsWoche.
BALOCCO, Italy (Reuters) – Fiat Chrysler’s Sergio Marchionne laid out his final strategic vision as chief executive on Friday with a focus on sport utility vehicles and a 9 billion euro ($10.5 billion)investment plan for electric and hybrid cars.
WASHINGTON (Reuters) – U.S. job growth accelerated in May and the unemployment rate dropped to an 18-year low of 3.8 percent, pointing to rapidly tightening labor market conditions, which could stir concerns about inflation.
(Reuters) – Wall Street was set to open higher on Friday as Italy’s political crisis subsided, while investors assessed a stronger-than-expected U.S. jobs report.
WASHINGTON (Reuters) – U.S. job growth accelerated in May and the unemployment rate dropped to an 18-year low of 3.8 percent, pointing to rapidly tightening labor market conditions, which could stir concerns about inflation.
(Reuters) – U.S. stock index futures pared gains on Friday after data showed job growth accelerated in May and the unemployment rate dropped to an 18-year low of 3.8 percent, pointing to rapidly tightening labor market conditions, which could stir concerns about inflation.
BRUSSELS (Reuters) – IPhone maker Apple has turned down an invitation to an EU lawmakers’ hearing, saying it does not want to prejudice its challenge to an EU order to pay up to 13 billion euros ($15 billion) in back taxes to Ireland.
Copyright 1997-2019 Wall Street Reporter / Octagon Media Corp.
