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Home2018

Year: 2018

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Business News

New U.S. FAA rules on airplane seat size may not create more leg room

October 1, 2018 admin Comments Off on New U.S. FAA rules on airplane seat size may not create more leg room

A bill that will regulate minimum seat size on U.S. passenger airplanes for the first time is unlikely to lead to more leg or elbow room for cramped flyers, airline consultants said.

…read more […]

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Business News

Global stocks, Canadian dollar up on NAFTA deal, safe-haven assets hit

October 1, 2018 admin Comments Off on Global stocks, Canadian dollar up on NAFTA deal, safe-haven assets hit

A pact between the United States and Canada to rescue the trilateral North American Free Trade Agreement with Mexico drove up global stock markets and the Canadian dollar on Monday, while weighing on safe-haven assets.

…read more […]

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Trump hails trade pact with Canada, Mexico as win for U.S. workers

October 1, 2018 admin Comments Off on Trump hails trade pact with Canada, Mexico as win for U.S. workers

President Donald Trump on Monday touted a new free trade deal with Canada and Mexico as a win for U.S. workers while investors breathed a sigh of relief that the key pillars of NAFTA had survived his hardball strategy to reshape global commerce.

…read more […]

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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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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 .

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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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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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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.

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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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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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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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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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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.

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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 […]

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