U.S. Justice, State Departments join forces to probe companies abusing visa programs
WASHINGTON (Reuters) – The U.S. Justice and State departments have agreed to share information in order to better probe companies that abuse visa programs used to hire foreign workers, the latest effort by the Trump administration to crack down on immi…
Loyalists unhappy as Coach becomes Tapestry Inc
(Reuters) – Iconic luxury handbag maker Coach Inc risked Wall Street and social media ire on Wednesday by announcing a change of its corporate name to Tapestry Inc, as it evolves into a multi-brand upscale retailer.
U.S. SEC moves to simplify corporate compliance paperwork
WASHINGTON (Reuters) – The U.S. Securities and Exchange Commission proposed rules on Wednesday to simplify the disclosures that publicly traded companies must file with the agency when communicating with investors.
Delta refuses to pay tariffs on Bombardier CSeries jets
NEW YORK (Reuters) – Delta Air Lines Inc on Wednesday said it would refuse to pay a 300 percent U.S. tariff on Canadian-built Bombardier CSeries jets, raising doubts about its purchase of 75 of the new aircraft at a list price of more than $5 billion.
Wall Street flat; financials drop ahead of earnings
(Reuters) – U.S. stock indexes treaded water in a narrow range on Wednesday, with slight gains in technology and consumer staple stocks offset by a drop in financials on the eve of earnings by Wall Street banks.
Delta says company will not pay tariffs on Bombardier CSeries jets
NEW YORK (Reuters) – Delta Air Lines on Wednesday said the carrier would not foot the bill of a 300 percent proposed tariff on Bombardier CSeries jets, leaving the future of the Canadian company’s jets in limbo.
Kroger exploring sale of convenience stores, shares rise
(Reuters) – Kroger Co said on Wednesday it is exploring the sale of its nearly 800 convenience stores as the No. 1 U.S. supermarket operator strengthens its online business in a market share war that has intensified since Amazon.com Inc’s purchase of…
Wall Street treads water; financials drop ahead of reports
(Reuters) – Wall Street’s main indexes were little changed at open on Wednesday, as a jump in shares of consumer staples were offset by a drop in financials on the eve of their financial reports.
VW to develop electric trucks in $1.7 billion technology drive
HAMBURG (Reuters) – Volkswagen AG will invest 1.4 billion euros ($1.7 billion) in new technologies including electric trucks and buses by 2022, VW’s trucks chief Andreas Renschler said.
Kobe Steel crisis deepens as more data tampering revealed; shares tumble
TOKYO (Reuters) – Japan’s Kobe Steel Ltd plunged deeper into crisis on Wednesday as fresh revelations showed data fabrication at the steelmaker was more widespread than initially thought, heightening a safety scare along the global supply chain.
