The reduction could include the closing of up to five domestic plants. By Paul A. Eisenstein In the most far-reaching shake-up since the company emerged from bankruptcy more than eight years ago, General Motors will shutter three North American assembly plants and two other facilities, while also eliminating 15 percent of its salaried and salaried contract […] Read more
The leader of Papua New Guinea, host of this year’s APEC summit, Friday urged respect for international trade rules by “countries large and small” as spats between the US and China threatened to overshadow the gathering. As leaders from Asian Pacific nations prepared to fly in to Port Moresby for their annual meeting, Prime Minister […] Read more
WHITE PLAINS, N.Y. (Reuters) – Sears Holdings Corp (SHLDQ.PK) won U.S. bankruptcy court approval on Thursday to move forward with plans to stay in business and sell itself, even as it continues to evaluate offers to liquidate its business. FILE PHOTO: A store closing sale sign is posted next to a Sears logo in New […] Read more
Hong Kong’s Hang Seng jumped 4.2%, China’s Shanghai Composite rose 2.7%, Japan’s Nikkei gained 2.56% and South Korea’s Kopsi rose 3.5%. The FTSE 100 was up 0.78%, the CAC 40 in Paris rose 1.26% and the Dax in Frankfurt climbed 1.44%. Markets moved higher after Bloomberg reported US President Donald Trump wants to reach an […] Read more
1/SEVEN DEADLY… The real possibility of the yuan weakening to the 7-per-dollar mark last seen in 2008, hangs over China, emerging markets and global equities. The thinking so far has been that the risk of capital outflows, along the lines of what happened in 2016, would dissuade Beijing from allowing such a slide in the […] Read more
HSBC Holdings Plc posted a higher-than-expected 28 percent rise in third-quarter profit as a renewed push to rein in costs and market share gains in its mainstay Asian region paid off, sending its Hong Kong shares sharply higher on Monday. Europe’s biggest bank by assets has in recent years reaped the benefits of a wider […] Read more
Amber Rachdi was 660 lbs when the television network TLC told her story on My 600-lb Life. Because of her weight, she had to drop out of college and became homebound. In her case it’s true when they say “where there is a will, there is way,” she lost 400 lbs with the help of gastric bypass surgery and followed a strict regimen afterward. Source: brightside […] Read more
The U.S. economy grew at a faster-than-expected rate in the third quarter as inflation was kept in check, according to data released by the Commerce Department on Friday. Gross domestic product expanded by a 3.5 percent annual rate. Economists polled by Dow Jones expected the economy to expand by a 3.4 percent annual rate. The […] Read more
Europe’s economy turned in its best performance in decades in 2017. There won’t be a repeat anytime soon. Growth is expected to slow dramatically this year as Europe grapples with new trade barriers, uncertainty over Brexit and political spats that undermine confidence in the euro and put banks under stress. “The ever strengthening cocktail of […] Read more
