GM to respond by January 7 to Canada union proposals to save Ontario plant
General Motors Co will respond by Jan. 7 to Canadian union proposals to keep an Ontario auto assembly plant open, the head of Canada’s largest private sector union said on Thursday.
Treasury chief calls market reaction to Fed ‘overblown’
U.S. Treasury Secretary Steven Mnuchin said on Thursday that investors’ reaction to the Federal Reserve’s interest rate hikes was “completely overblown”, in an unusually direct comment on financial market activity.
China trade war rattles investors in new U.S. soy processing plants
The U.S.-China trade war is spooking potential investors in soybean crushing plants planned for Wisconsin and New York state, developers said, casting doubt on the future of a sector that had been a rare bright spot in the U.S. farm economy.
Wall St. slides on Fed tightening, government shutdown threat
U.S. stocks tumbled on Thursday as the Federal Reserve’s plan to continue its balance-sheet reduction and the threat of a partial government shutdown fueled investor anxieties.
Musk, GM weigh fate of Ohio plant Trump wants saved
Tesla Inc Chief Executive Elon Musk raised hopes again on Thursday that he could ride to the rescue of a threatened General Motors Co car plant at the center of a political storm about auto jobs, and GM replied, saying the Ohio factory’s fate depends…
Nissan to lay off 1,000 Mexican workers, cites market challenges
Japanese carmaker Nissan Motor Co Ltd will lay off about 1,000 workers in Mexico at two factories, citing “challenging market conditions,” the company said on Thursday.
Campbell Soup nears deal to name Mark Clouse CEO: sources
Campbell Soup Co is close to naming Mark Clouse, the former CEO of Pinnacle Foods, as its new chief executive, people familiar with the matter said on Thursday, a key step in the U.S. company’s efforts to regain market share and boost profits.
Nasdaq dips into bear market territory
The Nasdaq Composite Index , known for its high-profile technology and internet companies, dropped into bear market territory in intraday trading on Thursday, the latest segment of the U.S. stock market to fall more than 20 percent from its previous hi…
ETFs, major supporter of U.S. stock market, stop buying the dip
There is no more mistletoe hanging above the markets.
Indian regulator orders J&J to stop using raw material to make Baby Powder in India: source
India’s drugs regulator has ordered Johnson & Johnson to stop manufacturing its Baby Powder using raw materials in two of its Indian factories until test results prove they are free of asbestos, a senior official said on Thursday.
