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Home2018October

Month: October 2018

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Business News

NAFTA replacement deal lifts Dow, S&P; Nasdaq negative

October 1, 2018 admin Comments Off on NAFTA replacement deal lifts Dow, S&P; Nasdaq negative

The Dow and S&P 500 began the fourth quarter on a positive note on Monday, after a last-minute deal to salvage NAFTA as a trilateral pact helped ease trade worries, although major indexes finished off their session highs.

…read more […]

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Business News

Thomson Reuters closes deal with Blackstone

October 1, 2018 admin Comments Off on Thomson Reuters closes deal with Blackstone

Thomson Reuters Corp said on Monday it had completed the sale of a majority stake in its Financial & Risk (F&R) unit to private equity firm Blackstone Group LP .

…read more […]

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Business News

DaVita unit to pay $270 million to resolve Medicare payments probe

October 1, 2018 admin Comments Off on DaVita unit to pay $270 million to resolve Medicare payments probe

A medical care unit of DaVita Inc has agreed to pay $270 million to resolve claims it provided inaccurate information about patients that caused Medicare Advantage plans operated by private insurers to obtain inflated payments from the government.

…read more […]

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Business News

Cash, cuts and confusion; Trade deal spurs Canadian dairy fears

October 1, 2018 admin Comments Off on Cash, cuts and confusion; Trade deal spurs Canadian dairy fears

Canada’s dairy concessions to the United States helped secure a hard-won trade deal, but they spurred talk on Monday of compensation, confusion and curtailed milk production, as a protectionist system faces new threats.

…read more […]

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Business News

Canada, buoyed by trade deal, to push U.S. on metal tariffs

October 1, 2018 admin Comments Off on Canada, buoyed by trade deal, to push U.S. on metal tariffs

Canada, buoyed by a last-minute continental trade deal it sealed with the United States and Mexico, is pressing Washington to remove steel and aluminum tariffs, senior Canadian officials said on Monday.

…read more […]

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Business News

NAFTA replacement deal lifts Wall Street

October 1, 2018 admin Comments Off on NAFTA replacement deal lifts Wall Street

Wall Street kicked off the fourth quarter on a positive note on Monday, as a last-minute deal to salvage NAFTA as a trilateral pact helped ease trade concerns.

…read more […]

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Business News

Traders boost Canada interest rate bets as trade deal clips threat to economy

October 1, 2018 admin Comments Off on Traders boost Canada interest rate bets as trade deal clips threat to economy

Investors are raising bets for as many as four additional interest rate increases from the Bank of Canada by the end of 2019 after a deal to save the trilateral NAFTA trade pact reduced uncertainty for Canada’s trade-dependent economy.

…read more […]

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Business News

General Electric replaces CEO with outsider, shares soar

October 1, 2018 admin Comments Off on General Electric replaces CEO with outsider, shares soar

General Electric Co ousted Chief Executive Officer John Flannery in a surprise move on Monday, replacing him with outsider and board member Larry Culp, and said it would take a roughly $23-billion charge to write off goodwill in its power division, primarily from a large 2015 acquisition.

…read more […]

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Business News

GE’s long share price decline claims another casualty

October 1, 2018 admin Comments Off on GE’s long share price decline claims another casualty

While John Flannery’s tenure at the helm of General Electric was far shorter than that of his predecessor Jeff Immelt, the two former chiefs have one thing in common: They both presided over a sharp drop in GE shares.

…read more […]

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Business News

DaVita to pay $270 million to end U.S. probe into Medicare payments

October 1, 2018 admin Comments Off on DaVita to pay $270 million to end U.S. probe into Medicare payments

A medical care unit of DaVita Inc will pay $270 million to resolve claims it provided inaccurate information about patients that caused Medicare Advantage plans operated by private insurers to obtain inflated payments from the government.

…read more […]

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Business News

Canada to push on U.S. metal tariffs after closing trade deal

October 1, 2018 admin Comments Off on Canada to push on U.S. metal tariffs after closing trade deal

Canada, which reached a tentative trade deal with the United States and Mexico, is now pushing the United States to remove steel and aluminum tariffs, Canadian Prime Minister Justin Trudeau said on Monday.

…read more […]

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Business News

USTR predicts new trade deal with Canada, Mexico will pass Congress

October 1, 2018 admin Comments Off on USTR predicts new trade deal with Canada, Mexico will pass Congress

U.S. Trade Representative Robert Lighthizer said on Monday he believed the new trade pact with Mexico and Canada will pass Congress with substantial majorities because it contains benefits for all.

…read more […]

Executive Resources

“Google = Delusional Marxists” Tech Visionary George Gilder on the Blockchain Future “New Internet”

October 1, 2018 admin Comments Off on “Google = Delusional Marxists” Tech Visionary George Gilder on the Blockchain Future “New Internet”

“Forget Big Data and delusional Google Marxists ” Visionary George Gilder talks about the future of the internet Life After Google – The New Blockchain Future

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Business News

Tesla shares jump on Model 3 numbers, Musk deal

October 1, 2018 admin Comments Off on Tesla shares jump on Model 3 numbers, Musk deal

Shares of Tesla Inc jumped 18 percent on Monday as signs it had met targets for quarterly car production added to relief at Chief Executive Elon Musk’s settling of a lawsuit with regulators that had threatened to force him out.

…read more […]

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Business News

Trump says trade pact with Canada, Mexico will support U.S. jobs

October 1, 2018 admin Comments Off on Trump says trade pact with Canada, Mexico will support U.S. jobs

U.S. President Donald Trump on Monday said a new free trade agreement with Canada and Mexico would support hundreds of thousands of U.S. jobs, marking it as a victory in his push to reshape the lines of global commerce.

…read more […]

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