Trump says he expects to raise China tariffs: Wall Street Journal
U.S. President Donald Trump said on Monday he expected to move ahead with raising tariffs on $200 billion in Chinese imports to 25 percent from the current 10 percent and repeated his threat to slap tariffs on all remaining imports from China.
Ford Canada CEO says firm has no plans for GM-style auto plant shutdown
Ford Motor Co has no plans to carry out an auto plant shutdown in Canada along the lines of the closure announced by General Motors Co, the head of the automaker’s Canadian operation said on Monday.
GM to slash jobs and production, drawing Trump’s ire
General Motors Co said on Monday it will cut production of slow-selling models and slash its North American workforce because of a declining market for traditional gas-powered sedans, shifting more investment to electric and autonomous vehicles.
Disney, Fox sued in U.S. for $1 billion over Malaysia theme park
Walt Disney Co and Twenty-First Century Fox Inc were sued for more than $1 billion on Monday by casino operator Genting Malaysia Bhd , which accused them of abandoning a contract related to its planned construction of the first Fox-branded theme park…
World stock markets rise on politics and holiday retail hopes
Wall Street bounced back on Monday, lifted by expectations that retailers raked in online sales during a prime holiday shopping period, while European stocks rallied after signs that Italy was preparing to rework spending plans that have fueled tension…
Airbus to resume deliveries to HNA Group after payments dispute
Airbus is poised to resume stalled deliveries of jets to China’s debt-laden HNA Group, an Airbus schedule showed on Monday, but deliveries of over $1 billion of large jets remain behind schedule after months of wrangling over late payments.
Wall Street rallies as Cyber Monday shoppers log on
Wall Street bounced back on Monday as bargain hunters returned in force after last week’s sell-off and expectations of a flurry of holiday cyber-spending drove up shares of retailers.
Thousands moved out for a new GM factory; now it’s closing
General Motors Co on Monday pulled the plug on the Chevrolet Volt hybrid and the Detroit-Hamtramck Assembly plant that builds it, both examples of a costly gamble that is not paying off.
Trump says GM ‘better’ add new facility in Ohio after cuts
U.S. President Donald Trump demanded General Motors Co add a new product to replace a plant in Ohio that the company said it planned to close next year due to lagging small-car demand.
Airbus hints at decision on new A321 version next year
The incoming chief executive of Europe’s Airbus hinted on Monday at a decision next year on whether to launch the A321XLR, a longer-range version of its best-selling A321 single-aisle jet.
