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Trump threatens to cut GM subsidies in retaliation for U.S. job cuts

2 months ago DieselGasoil Comments Off on Trump threatens to cut GM subsidies in retaliation for U.S. job cuts
WASHINGTON (Reuters) – U.S. President Donald Trump threatened on Tuesday to cut subsidies for General Motors Co (GM.N) after the largest U.S. automaker said it would halt production at five plants in North America and cut nearly 15,000 jobs. “The U.S. saved General Motors, and this is the THANKS we get! We are now looking Read More

White House adviser says Trump may announce GM shutdown consequences

2 months ago DieselGasoil Comments Off on White House adviser says Trump may announce GM shutdown consequences
WASHINGTON (Reuters) – White House economic adviser Larry Kudlow on Tuesday indicated President Donald Trump may announce specific ramifications for General Motors Co’s (GM.N) plans to cut thousands of jobs and potentially close some of its North America plants. “I’m going to leave that to him,” Kudlow said when asked if Trump has consequences in Read More

Fed official frets over risks to Apple Pay, other mobile payments

2 months ago DieselGasoil Comments Off on Fed official frets over risks to Apple Pay, other mobile payments
FILE PHOTO – An Apple iphone 6 with Apple Pay is shown in this photo illustration in Encinitas , California June 3, 2015. REUTERS/Mike Blake NEW YORK (Reuters) – Mobile payment services such as Apple Pay could run into reimbursement problems in some instances, and fintech firms in general must be more sensitive to risks, Read More

Trump warns U.S. may cut off GM subsidies after job cuts

2 months ago DieselGasoil Comments Off on Trump warns U.S. may cut off GM subsidies after job cuts
FILE PHOTO: A general view of the outside of the General Motors Chevrolet Cruze car assembly complex in Lordstown, Ohio July 22, 2011. REUTERS/Aaron Josefczyk/File Photo WASHINGTON (Reuters) – U.S. President Donald Trump said the White House is looking at cutting subsidies for General Motors Co (GM.N) after the largest U.S. automaker said it would Read More

Milan prosecutors wrap up Gucci tax probe, trial likely: source

2 months ago DieselGasoil Comments Off on Milan prosecutors wrap up Gucci tax probe, trial likely: source
FILE PHOTO: Gucci logo is seen in a store at Fiumicino airport in Rome, Italy, April 11, 2016. REUTERS/Max Rossi/File Photo MILAN (Reuters) – Milan prosecutors have wrapped up their probe into alleged tax evasion of around 1 billion euros ($1.13 billion) by fashion group Gucci, paving the way for a formal request for a Read More

Opening on Thanksgiving hurts retailers more than it helps

2 months ago DieselGasoil Comments Off on Opening on Thanksgiving hurts retailers more than it helps
NEW YORK (Reuters) – As store sales fall and purchases shift online over the Thanksgiving weekend, most U.S. retailers have boosted their web offerings but many still overlook the sales impact from opening their doors on Thursday evening. A large crowd of people shop during a Black Friday sales event at Macy’s flagship store on Read More

Wall Street dips as tariff worries push industrials lower

2 months ago DieselGasoil Comments Off on Wall Street dips as tariff worries push industrials lower
(Reuters) – U.S. stocks dipped in choppy trading on Tuesday after President Donald Trump’s threat to move ahead with additional tariffs on Chinese goods weighed on industrial stocks. Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., November 26, 2018. REUTERS/Brendan McDermid Trump said he expected to Read More

U.S. court revives Mattress Firm defamation case against Sleep Number

2 months ago DieselGasoil Comments Off on U.S. court revives Mattress Firm defamation case against Sleep Number
NEW YORK (Reuters) – A federal appeals court on Tuesday revived for a second time a 11-year-old defamation lawsuit by bedding retailer Mattress Firm Inc against adjustable bed maker Sleep Number Corp (SNBR.O). A Mattress Firm store, a brand owned by Steinhoff, is shown in Encinitas, California, U.S., January 25, 2018. REUTERS/Mike Blake The 2nd Read More

Wall Street flat as tech gains soothe tariff nerves

2 months ago DieselGasoil Comments Off on Wall Street flat as tech gains soothe tariff nerves
(Reuters) – U.S. stocks were flat on Tuesday as technology shares recovered from their session lows, helping calm nerves that were triggered by President Donald Trump’s latest tariff threat. Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., November 26, 2018. REUTERS/Brendan McDermid Trump said he expected Read More

Wary whistleblower casts light on dark Danish drama

2 months ago DieselGasoil Comments Off on Wary whistleblower casts light on dark Danish drama
COPENHAGEN/LONDON (Reuters) – When Howard Wilkinson was given a tablet as a gift from a client and his boss did not respond to questions about what he should do with it, the Briton sold it and donated the proceeds to the Tallinn Childrens’ Hospital in Estonia. Danske Bank whistleblower Howard Wilkinson speaks at a public Read More