Canada manufacturers put U.S. ahead of Mexico if Trump ends NAFTA
OTTAWA (Reuters) – Canadian manufacturers want their access to the U.S. market protected at all costs if Canada renegotiates the NAFTA trade deal with U.S. President-elect Donald Trump, even if that means losing the trilateral partnership with Mexico.
Dollar on track for winning week as Yellen signals imminent rate hike
TOKYO (Reuters) – The dollar was poised for robust weekly gains on Friday, after Federal Reserve Chair Janet Yellen provided a strong signal that U.S. interest rates will likely increase by year-end.
Yellen says Fed could raise interest rates ‘relatively soon’
WASHINGTON (Reuters) – The election of Donald Trump as U.S. president has done nothing to change the Federal Reserve’s plans for a rate increase “relatively soon,” Fed Chair Janet Yellen said on Thursday in Congressional testimony that included a pledg…
McDonald’s USA in tech push plans self-serve kiosks, mobile ordering
NEW YORK/LOS ANGELES(Reuters) – McDonald’s, aiming to become more modern and nimble, is updating U.S. restaurants with self-service kiosk ordering, mobile payments, “smart” menu boards, custom sandwiches and table service, executives said on Thursday.
Google, an Obama ally, may face policy setbacks under Trump
WASHINGTON/SAN FRANCISCO (Reuters) – Alphabet Inc’s Google faces a tougher regulatory landscape as U.S. President-elect Donald Trump’s incoming administration looks poised to reverse Obama administration policies that often favored the internet giant …
Ex-Valeant executive, ex-pharmacy CEO charged for fraud scheme
NEW YORK (Reuters) – A former Valeant Pharmaceuticals International Inc executive and the former CEO of mail order pharmacy Philidor Rx Services were arrested on Thursday on charges that they engaged in a multimillion-dollar fraud and kickback scheme….
Tesla’s Musk closes SolarCity deal, more challenges lie ahead
LOS ANGELES (Reuters) – Tesla Motors Inc Chief Executive Elon Musk won approval on Thursday from the electric luxury automaker’s shareholders for an acquisition of SolarCity Corp, the solar energy system installer in which he is the largest shareholder…
Wall street stocks lifted by data, earnings Yellen remarks
NEW YORK (Reuters) – The benchmark S&P 500 index rose to within a hair of its record high on Thursday as bank stocks got a boost from bets on higher interest rates and consumer discretionary stocks were helped by economic data and earnings.
VW makes pitch as comeback brand at Los Angeles Auto Show
LOS ANGELES (Reuters) – German automaker Volkswagen AG used its presence at the Los Angeles Auto Show to pitch its case as a relevant player in the auto industry’s future, banking on gains it hopes to make in the key U.S. market following its diesel e…
Twitter CEO apologizes for allowing white supremacist ad
(Reuters) – Twitter’s Chief Executive Jack Dorsey apologized on Thursday after the microblogging service let through an ad promoting a white supremacist group.
