Rattled by Vale disaster, mining CEOs move to change industry
After last month’s deadly tailings dam disaster at a Vale SA facility in Brazil, Freeport-McMoRan Inc Chief Executive Richard Adkerson sent a memo to his 29,000 employees telling them to immediately report any safety concerns about the scores of dams h…
Brazil’s CAOA in talks to buy Ford factory: source
Brazilian automaker CAOA, which produces vehicles with Korea’s Hyundai Motor Co and China’s Chery Automobile Co, is in talks to buy a Ford Motor Co plant in the country that is slated to close by 2019, according to a source with direct knowledge of the…
GE CEO says company needs to reduce debt ‘thoughtfully and soon’
General Electric Co has too much debt and needs to reduce it “thoughtfully and soon”, Chief Executive Officer Lawrence Culp said in a letter to shareholders on Tuesday.
U.S. opens anti-dumping probe into steel imports from China, Canada, Mexico
The U.S. Commerce Department announced Tuesday it will open a new anti-dumping probe to determine whether fabricated structural steel from Canada, China and Mexico is being sold at below fair value.
U.S. Justice Department will not appeal AT&T, Time Warner merger after court loss
AT&T Inc emerged victorious on Tuesday over the Trump administration’s drawn-out attempts to block its $85.4 billion purchase of Time Warner as the U.S. Justice Department said it would not fight an appeals court ruling approving the deal.
Tesla’s Musk must address SEC contempt bid as he calls agency ‘broken’
A federal judge on Tuesday ordered Tesla Inc Chief Executive Elon Musk to explain by March 11 why he should not be held in contempt for violating his fraud settlement with the U.S. Securities and Exchange Commission.
Wall St. edges lower in choppy session
Wall Street’s three major indexes fell slightly after a choppy session on Tuesday as investors eyed mixed U.S. economic data and corporate news and waited for clarity on issues such as the U.S.-China trade talks.
JPMorgan absolved by U.S. judge in former top broker’s suicide
A federal judge in Manhattan on Tuesday dismissed a wrongful death lawsuit against JPMorgan Chase & Co by the estate of a former top broker, who it said committed suicide after being forced into retirement.
U.S. consumer regulator forms task force to monitor big tech
The Federal Trade Commission, under pressure to keep closer tabs on big tech companies such as Alphabet’s Google and Facebook, said on Tuesday it would create a task force to monitor the sector and investigate anticompetitive conduct.
U.S. Justice Department: no plans to appeal AT&T Time Warner ruling
The U.S. Justice Department does not plan to challenge an appeals court ruling on Tuesday that found AT&T Inc’s purchase of Time Warner was legal under antitrust law, the government said on Tuesday.
