Mexico dusts-off ‘Plan B’ as Trump revs up threats to kill NAFTA
MEXICO CITY (Reuters) – Mexico sees a serious risk the United States will withdraw from NAFTA and is preparing a plan for that eventuality, Economy Minister Ildefonso Guajardo said on Tuesday, calling talks to renegotiate the deal a “roller coaster.”
Buffett becomes Bank of America’s top shareholder
(Reuters) – Warren Buffett’s Berkshire Hathaway Inc has become Bank of America Corp’s largest shareholder by exercising its right to acquire 700 million shares at a steep discount, more than tripling an investment it made six years ago.
U.S. banks should waive fees, allow late payments in areas hit by Harvey: regulator
WASHINGTON (Reuters) – U.S. banks should waive customer fees and allow borrowers to make late payments in areas affected by Tropical Storm Harvey, a leading regulator said on Tuesday.
China-backed fund to decide whether to take deal to Trump: sources
(Reuters) – A China-backed private equity fund will decide this week whether to seek U.S. President Donald Trump’s approval for its proposed $1.3 billion acquisition of U.S. chipmaker Lattice Semiconductor Corp , people familiar with the matter said on…
Bombardier out of running for $3.2 billion New York transit contract
MONTREAL (Reuters) – Canada’s Bombardier Inc is out of the running for an estimated $3.2 billion New York City subway contract, in what the plane and train maker on Tuesday called a disappointment.
NBA star Durant takes shot at Under Armour, stock falls
(Reuters) – Shares of Under Armour Inc sank more than 3 percent on Tuesday, a day after National Basketball Association star Kevin Durant said young players do not like the company’s shoes.
S&P sees U.S. keeping AA+ rating if it avoids default
NEW YORK (Reuters) – Standard & Poor’s said on Tuesday the United States would maintain its AA+ credit rating, its second highest, as long as the federal government avoids a default even if it does not increase the debt ceiling in a timely manner.
U.S. software coding school Galvanize to cut 11 percent of workforce
(Reuters) – Galvanize, a for-profit software coding school that has raised $63 million in venture funding, plans to lay off 11 percent of its workforce, the company said on Tuesday.
U.S. court grants Dish affiliates new chance to win $3 billion in auction credits
WASHINGTON/NEW YORK (Reuters) – Two companies largely owned by Dish Network will have an opportunity to nullify about $500 million in fines and be eligible once again for $3.3 billion in credits for a wireless spectrum auction, if they can demonstrate …
U.S. consumer confidence hits five-month high; house prices rise
WASHINGTON (Reuters) – U.S consumer confidence surged to a five-month high in August as households grew increasingly upbeat about the labor market while house prices rose further in June, suggesting a recent acceleration in consumer spending was likely…
