Wall Street drops on report trade deal may not be completed this year
Wall Street’s main indexes fell about 1% on Wednesday after a report said a “phase one” trade deal between Washington and Beijing may not be completed this year.
Big banks would get climate stress tests under proposed U.S. law
U.S. Democratic Senator Brian Schatz of Hawaii on Wednesday introduced a bill that would direct the Federal Reserve to subject large banks to so-called “stress tests” measuring their resilience to climate-related financial risks.
#MeToo drove rise in CEO firings in 2018: report
The number of corporate leaders fired for #MeToo-related misconduct rose in 2018 while the number of S&P 500 companies led by females fell 20%, according to a report from U.S. think-tank the Conference Board.
GM sues Fiat Chrysler, alleging bribery of union officials cost it billions of dollars
General Motors Co on Wednesday filed a racketeering lawsuit against Fiat Chrysler Automobiles NV , alleging that its rival engaged in bribery over many years to corrupt the bargaining process with the United Auto Workers (UAW) union and gain wage and…
Wall Street extends fall after report trade deal may not be completed this year
U.S. stocks moved sharply lower on Wednesday after Reuters reported that completion of a “phase one” U.S.-China trade deal could slide into next year, citing trade experts and people close to the White House.
Tesla needs safeguards to prevent drivers from sleeping on ‘Autopilot’: U.S. senator
Democratic U.S. Senator Ed Markey asked Tesla Inc on Wednesday to disable its “Autopilot” driver-assistance system until it installs new safeguards to prevent drivers from evading system limits that could let them fall asleep.
‘Phase One’ U.S.-China trade deal may not be completed this year: trade sources
Completion of a “phase one” U.S.-China trade deal could slide into next year, trade experts and people close to the White House said, as Beijing presses for more extensive tariff rollbacks, and the Trump administration counters with heightened demands …
FCC chairman to propose dividing spectrum between auto safety, Wi-Fi use
Federal Communications Commission chairman Ajit Pai will propose on Wednesday splitting a key band of spectrum that had been set aside for auto safety between Wi-Fi use and automakers, sources said.
GM sues FCA, alleging bribery, corruption of union bargaining process
General Motors Co on Wednesday filed a racketeering lawsuit against Fiat Chrysler Automobiles NV , alleging that its rival engaged in bribery over many years to corrupt the bargaining process with the United Auto Workers (UAW) union and gain wage and…
Trump says U.S. is still talking to China on trade
U.S. President Donald Trump said on Wednesday the United States is continuing to talk to China but gave no other details, as both sides tried to hammer out a phase one trade deal ahead of looming U.S. tariffs due next month.
