Fed’s Yellen says watching inflation closely but economy is strong
WASHINGTON (Reuters) – The U.S economy remains strong and the strength of the labor market calls for continued gradual increases in interest rates despite subdued inflation, Federal Reserve Chair Janet Yellen said on Sunday.
Tesla fired hundreds of employees in past week
(Reuters) – Luxury electric vehicle maker Tesla Inc fired about 400 employees this week, including associates, team leaders and supervisors, a former employee told Reuters on Friday.
General Motors reaches tentative deal with striking Canada workers
TORONTO (Reuters) – General Motors Co said on Friday it reached a tentative labor agreement with striking workers at its CAMI plant in Canada, ending an almost month-old dispute.
Tesla fired hundreds of employees in past week: Mercury News
(Reuters) – Luxury electric vehicle maker Tesla Inc fired between 400 and 700 employees this week, including engineers, managers and factory workers, Mercury News reported on Friday, citing interviews with former and current employees.
PSA says to cut about 400 jobs at Vauxhall’s Ellesmere Port
PARIS (Reuters) – French carmaker PSA on Friday said it would cut about 400 jobs at Vauxhall’s Ellesmere Port in Britain by the end of the year to improve the production facility’s competitiveness.
Saudi Aramco in stake sale talks with Chinese investor: sources
DUBAI/NEW YORK (Reuters) – Saudi Aramco is considering the sale of a stake to a Chinese investor as plans for its highly-anticipated international public offering are pushed beyond its 2018 target, sources familiar with the matter said on Friday.
BlackBerry patent licensing director says he has left company
TORONTO (Reuters) – A key attorney executing BlackBerry Ltd’s patent licensing strategy has left the company, the second recent departure from the team tasked with making money from the Canadian company’s intellectual property.
Wall St. ends up after economic data; S&P up for a fifth week
NEW YORK (Reuters) – U.S. stocks rose on Friday following upbeat economic data and gains in technology shares, pushing the Dow and the S&P 500 to a fifth straight week of gains.
SoFi withdraws U.S. banking application, citing leadership change
NEW YORK (Reuters) – Student online lender Social Finance Inc said on Friday that it is withdrawing its application for a bank license in the wake of the departure of a number of senior executives, including co-founder and former Chief Executive Mike C…
Kinder Morgan Canada pipe project hearings end, fate in balance
CALGARY, Alberta (Reuters) – A Canadian court wrapped up a final hearing on Kinder Morgan Canada Ltd’s Trans Mountain crude oil pipeline expansion on Friday, a two-week proceeding that marks a major hurdle for the embattled project.
