Commutee

Detroit Three narrowing car production in North America

November 28, 2018 by  
Filed under News

General Motors Co and fellow Detroit automakers Ford Motor Co and Fiat Chrysler Automobiles NV continue to winnow production of cars in North America as demand for traditional sedans wanes. GM announced on Monday it will halt production at three North American assembly plants and slash thousands of jobs.


Source: Reuters Business News

Car market collapse outruns GM moves to keep up

November 28, 2018 by  
Filed under News

General Motors Co’s monumental announcement on Monday that it will close three car assembly plants in North America and slash its workforce will only partially close the gap between capacity and demand for the automaker’s sedans, according to a Reuters analysis of industry production and capacity data.


Source: Reuters Business News

Trump retweets item saying GM should pay back bailout money

November 28, 2018 by  
Filed under News

President Donald Trump on Wednesday retweeted a suggestion that General Motors Co should pay back the money the government spent to keep it afloat as part of the auto industry bailout if it doesn’t keep jobs in the country.


Source: Reuters Business News

Microsoft's stock market value pulls ahead of Apple's

November 28, 2018 by  
Filed under News

Microsoft Corp’s stock market value surpassed Apple Inc’s and pulled ahead by as much as $3 billion on Wednesday as the Windows software maker benefited from optimism about demand for cloud computing services.


Source: Reuters Business News

Ford reshuffles U.S. plants to beef up SUV, truck production

November 28, 2018 by  
Filed under News

Ford Motor Co said on Wednesday it will reshuffle workers at several of its plants to meet rising demand for pickup trucks and large SUVs, a process that will require finding new positions for 150 workers displaced by the changes but not result in job cuts.


Source: Reuters Business News

Wall Street dips as tariff worries push industrials lower

November 27, 2018 by  
Filed under News

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.


Source: Reuters Business News

Opening on Thanksgiving hurts retailers more than it helps

November 27, 2018 by  
Filed under News

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.


Source: Reuters Business News

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

November 27, 2018 by  
Filed under News

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 trial, a judicial source said on Tuesday.


Source: Reuters Business News

Fed urged to get more serious about U.S. corporate debt risks

November 27, 2018 by  
Filed under News

Bankers, executives and investors are warning Federal Reserve officials behind closed doors that record leveraged lending to companies from lightly-regulated corners of Wall Street could make any economic downturn harder to manage.


Source: Reuters Business News

Fewer Americans shopped during Thanksgiving weekend in 2018

November 27, 2018 by  
Filed under News

More than 165 million U.S. shoppers made purchases over the five-day Thanksgiving weekend, the National Retail Federation said on Tuesday, beating the industry group’s expectations this year but lower than last year.


Source: Reuters Business News

« Previous PageNext Page »