Toys ‘R’ Us preparing to close all U.S. stores: source
(Reuters) – Bankrupt Toys ‘R’ Us Inc is preparing to sell or close all 885 stores in its U.S. chain, risking up to 33,000 jobs, after failing to reach a deal to restructure billions of dollars in debt, a person familiar with the matter said on Wednesda…
U.S. Senate approves bill rewriting post-crisis bank rules
WASHINGTON (Reuters) – The U.S. Senate voted 67 to 31 on Wednesday to ease bank rules, bringing Congress a step closer to passing the first rewrite of the Dodd-Frank reform law enacted after the 2007-2009 global financial crisis.
Trump picks TV commentator Kudlow to succeed Cohn as economic adviser
WASHINGTON (Reuters) – U.S. television commentator and conservative economic analyst Larry Kudlow will replace Gary Cohn as President Donald Trump’s top economic adviser, the White House and Kudlow said on Wednesday, adding another loyalist to Trump’s …
Wells Fargo CEO’s 2017 pay jumps 35 percent to $17.6 million
(Reuters) – Wells Fargo & Co Chief Executive Tim Sloan’s made $17.6 million in 2017, up 35 percent from the previous year, despite opting out of the bank’s annual incentive plan.
Toys ‘R’ Us will likely shut all U.S. stores, risking 33,000 jobs: WSJ
(Reuters) – Iconic toy store chain Toys ‘R’ Us Inc will sell or close all its U.S. stores in the coming months, risking up to 33,000 jobs, the Wall Street Journal reported on Wednesday.
Tesla says Model S, Model X production efficiency much improved
(Reuters) – Tesla Inc said the number of labor hours needed to produce its Model S and Model X cars have decreased considerably, following the latest report of quality problems that could prevent the carmaker from hitting its production targets.
Automakers knew earlier of Takata air bag issues: court documents
WASHINGTON (Reuters) – General Motors Co , Volkswagen AG , Fiat Chrysler Automobiles NV and Daimler AG knew of problems with Takata air bag inflators and should have moved faster to recall vehicles, according to company documents cited on Wednesday b…
Google, Apple face EU law on business practices
(Reuters) – Online platforms such as Google , Apple and Amazon face new European Union rules on their commercial practices with smaller businesses that use their services, as Brussels seeks to curtail their huge market power.
Wells Fargo CEO Sloan’s pay rose 35 percent in 2017 to $17.6 million
(Reuters) – Wells Fargo & Co Chief Executive Officer Tim Sloan’s total compensation for 2017 was $17.6 million, about 35 percent higher than the previous year, the third largest U.S. bank said in a regulatory filing http://bit.ly/2pcD4QI on Wednesday.
Wall Street falls amid fears of trade war with China
NEW YORK (Reuters) – U.S. stocks fell on Wednesday after President Donald Trump sought to impose fresh tariffs on China, intensifying fears of a trade war that could raise costs and hurt overseas sales for U.S. companies.
