Ex-Goldman banker Mnuchin installed as Treasury secretary
WASHINGTON (Reuters) – President Donald Trump swore in former Goldman Sachs banker and Hollywood financier Steven Mnuchin as Treasury secretary on Monday, putting him to work on tax reform, financial de-regulation and economic diplomacy efforts.
Toshiba delays release of nuclear writedown, says ‘not ready’
TOKYO (Reuters) – Toshiba Corp has delayed its earnings release, including details of a multi-billion charge related to cost overruns at its U.S. nuclear arm.
Exclusive: Retail CEOs head to Washington to try to kill U.S. border tax – sources
WASHINGTON (Reuters) – Chief executives of some of America’s largest retailers, including Target Corp and Best Buy Co Inc , are headed to Washington this week to make their case that a controversial tax on imports would raise consumer prices and hurt …
New witness delays trial over bitcoin exchange tied to JPMorgan hack
NEW YORK (Reuters) – The trial of two men was delayed on Monday in a case stemming from a probe into a bitcoin exchange and a data breach at JPMorgan Chase & Co after prosecutors revealed a new witness.
Exclusive: Wal-Mart to tear down walls between store, online buying operations – sources
CHICAGO (Reuters) – Wal-Mart Stores Inc for the first time will combine its own buying for products sold at its stores with purchases it makes for its website, sources said, a significant move to stamp out duplicate efforts as it consolidates buying o…
Trump expects only ‘tweaking’ of trade relationship with Canada
WASHINGTON (Reuters) – President Donald Trump said on Monday the United States would be “tweaking” its trade relationship with Canada, stopping short of calling for a major realignment in a development likely to please visiting Canadian Prime Minister …
Germany wants Greece in euro zone, IMF says no special deals
BRUSSELS/BERLIN (Reuters) – Germany on Monday voiced support for Greece to stay in the euro zone and the European Commission dispatched a senior official to Athens to persuade it to take on further reforms to salvage its bailout accord.
Apple hits record high but leaves some investors in dust
SAN FRANCISCO (Reuters) – Apple shares cruised to a record-high close Monday, helping catapult the S&P 500 stock index over the $20 trillion mark in what amounts to a victory for plain-vanilla mutual funds over a bevy of hedge fund managers who recently backed away from the iPhone maker.
Verizon’s move to unlimited data ups ante in wireless war
NEW YORK (Reuters) – Verizon Communications Inc’s announcement that it will once again offer an unlimited pricing plan marks a shift in its thinking as a price war among the four biggest U.S. wireless carriers accelerates.
Daimler to focus Smart brand on electric cars in U.S., Canada: report
FRANKFURT (Reuters) – Daimler will stop selling cars under the Smart brand with combustion engines to focus on electric cars, Frankfurter Allgemeine Zeitung reported, citing a letter that Mercedes-Benz USA sent to dealerships.
