Business & Finance News
Mexican President-elect Andres Manuel Lopez Obrador said on Monday that U.S. President Donald Trump had an “open” and “tolerant” attitude during talks to renegotiate the North American Free Trade Agreement.
Ford Motor Co said on Monday it plans to stop building its Focus compact cars in Argentina in May 2019 as it seeks to stem losses from its operations in South America.
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.
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.
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.
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.
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 .
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.
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.
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.
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.
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.
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.
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.
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.
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