Corporate tax reform negotiators aim above Trump’s 15 percent pledge
WASHINGTON (Reuters) – President Donald Trump campaigned on cutting the U.S. corporate tax rate to 15 percent, but administration officials said on Monday negotiators engaged in closed-door talks are now shooting for a little over 20 percent because th…
Trump vows to protect ‘Made in America’ products
WASHINGTON (Reuters) – President Donald Trump promised on Monday he would take more legal and regulatory steps during the next six months to protect American manufacturers, lashing out against trade deals and trade practices he said have hurt U.S. comp…
Tesla adds two to board, including James Murdoch
(Reuters) – Tesla Inc said on Monday that it had appointed two new directors to its board, including Twenty-First Century Fox Inc Chief Executive James Murdoch, increasing its board size to nine.
GM extends shutdown at Chevy Bolt plant as inventories swell
ORION TOWNSHIP, Mich./DETROIT (Reuters) – General Motors Co has extended a shutdown at the Michigan factory that builds the new Chevrolet Bolt electric car as part of a broader effort to get control of bulging inventories of unsold vehicles in the Unit…
Mattel’s longtime finance chief Kevin Farr to step down
(Reuters) – Mattel Inc , the world’s largest toymaker, said on Monday Kevin Farr will step down after a 17-year stint as its chief financial officer.
Netflix beats subscriber targets, shares jump over 10 percent
(Reuters) – Netflix Inc crushed Wall Street forecasts by adding 5.2 million new streaming customers in the second quarter and predicted continued momentum as foreign subscriptions topped those in the United States, lifting its stock 10.4 percent on Mon…
America Movil audits Guatemala unit after questions surface over payments
MEXICO CITY (Reuters) – Mexican billionaire Carlos Slim’s America Movil said on Monday it was auditing its Guatemalan unit after an investigation in the country raised questions about payments made by a former executive at the telecoms company.
U.S. Federal Reserves fines BNP Paribas $246 mln for foreign exchange fixing
WASHINGTON (Reuters) – The Federal Reserve announced on Monday it had fined BNP Paribas $246 million for “unsafe and unsound” practices in its foreign exchange markets, saying it had found deficiencies in the bank’s oversight and internal controls of its traders.
Blue Apron shares tumble after Amazon files for meal-kit trademark
NEW YORK (Reuters) – Shares of meal-kit service Blue Apron Holdings Inc slumped to new lows on Monday in the wake of Amazon.com Inc ‘s move to register a trademark for a possible rival service.
UniCredit closes $20 billion bad loan sale with Fortress, Pimco
MILAN (Reuters) – Italian bank UniCredit has signed a final agreement with U.S. funds Fortress and Pimco on the sale of bad loans worth 17.7 billion euros ($20 billion) in Italy’s biggest such deal so far.
