Month: July 2018

The United States sought to woo Europe and Japan with free trade deals on Saturday to gain leverage in an escalating tariff war with China but its overtures faced stiff resistance from France at a G20 finance ministers meeting dominated by trade tensions. U.S. Treasury Secretary Steven Mnuchin told reporters at the gathering of the financial leaders of the world’s 20 largest economies in Buenos Aires that he was renewing President Donald Trump’s proposal that G7 allies drop trade barriers between them. …read more […]

Most retirees aren’t sure what to do with their money once they retire. …read more […]

Supreme Court nominee Brett Kavanaugh suggested several years ago that the unanimous high court ruling in 1974 that forced President Richard Nixon to turn over the Watergate tapes, leading to the end of his presidency, may have been wrongly decided. Kavanaugh was taking part in a roundtable discussion with other lawyers when he said at three different points that the decision in U.S. v. Nixon, which marked limits on a president’s ability to withhold information needed for a criminal prosecution, may have come out the wrong way. A 1999 magazine article about the roundtable was part of thousands …read more […]

LONDON (Reuters) – The chief executive of Airbus (AIR.PA) said he was open to a merger of his firm’s jet fighter business with that of BAE Systems (BAES.L), the Sunday Times reported. Tom Enders was quoted … …read more […]

Gaza’s militant Hamas rulers said Saturday they had accepted a cease-fire ending a massive Israeli onslaught on militant positions after a soldier was shot dead, once again pulling the sides back from the brink of a full-fledged war. Israel and Hamas have fought three such wars over the past decade and Hamas agreed to the second such cease-fire in a week under heavy Egyptian and international pressure. Israel has stepped up strikes since then to signal its new threshold for engagement after months of largely refraining to act. …read more […]

MILAN/PARIS (Reuters) – Fiat Chrysler named on Saturday its Jeep division boss Mike Manley to take over immediately from Chief Executive Sergio Marchionne, who is seriously ill after suffering major complications following surgery. The carmaker said British-born Manley, who also takes responsibility for the North America region, will push ahead with the mid-term strategy outlined last month by Marchionne, who had been due to step down next April. Marchionne, 66, was credited with rescuing Fiat and Chrysler from bankruptcy after taking the Italian carmaker’s wheel in 2004. …read more […]

Last quarter, strong results were able to silence fears resulting from the company’s ongoing data scandal. Will history repeat itself? …read more […]

It’s a critical time for Tesla and its shareholders. …read more […]

The Mac maker reports on July 31. …read more […]

Google has been fined a record $5 billion by the European competition watchdog for abusing the dominance of its mobile operating system, Android. The search giant was accused of forcing smartphone makers like Samsung and Huawei to preinstall its services, such as Google Search and Google Maps, on Android. Most Wall Street analysts aren’t concerned about the company’s ability to pay the fine, but say Amazon will benefit the most from the decision. …read more […]