U.S. Inks China Trade Deal Promoting Financial Services, Beef
The U.S. reached agreement with China to promote market access for American natural gas, financial services and beef that Commerce Secretary Wilbur Ross said was part of a broader effort to begin reshaping the trade relationship between the world’s two largest economies.The agreement covers 10 areas where negotiators from the two sides have reached consensus, including agricultural trade and the issuance of both bond writing and settlement licenses to two qualified U.S. financial institutions. ..>> view originalFiat Chrysler Recalls 1.25 Million Ram Pickup Trucks due to Software Issue
Fiat Chrysler (FCAU) recalled 1.25 million Dodge Ram pickup trucks due to a software error that has been linked to at least one death and two injuries. The error can temporarily disable the truck's side airbags and seat belt pretensioner. The markets ...>> view originalUS Homeland Security: No announcement Friday on laptop ban expansion
By David Shepardson | WASHINGTON WASHINGTON U.S. Department of Homeland Security Secretary John Kelly is speaking with European officials on Friday to discuss threats to aviation and a possible expansion of a ban on in-cabin electronics larger than cellphones, U.S. and European officials said Friday.DHS spokesman David Lapan said no announcement was planned for Friday on whether the U.S. government will expand the ban and that no final decision had been made on expanding the restrictions. In..>> view originalHyundai and Kia Will Recall 240000 Vehicles After Whistleblower Complaint
South Korea ordered Hyundai Motor and affiliate Kia Motors to recall 240,000 vehicles over safety defects flagged by a whistleblower—a sharp slap on the wrist that will exacerbate reputational woes for the automakers.The move marks the first compulsory recall ordered by the transport ministry for Hyundai (hymtf) and Kia (kimtf), which had resisted an earlier request for a voluntary recall, and gives fresh credence to allegations made by Kim Gwang-ho, a Hyundai engineer with 26 years at the compa..>> view originalJC Penney's stock tanks on widening net loss, weaker sales traffic
J.C. Penney's stock plunged Friday after the embattled retailer reported weak comparable sales and a massive net loss in the first quarter. Shares of the stock fell more than 6 percent on this news in premarket trading. The stock drop came after the company reported revenue that also fell short of estimates in the quarter. Earnings, however, topped analysts' expectations. Here's what the company reported vs. what the Street was expecting: Earnings per share: 6 cents, excluding items, vs. a..>> view originalMacy's Road to Recovery Is Slow and Arduous, But the Stock Looks Interesting
The first quarter report from Macy’s was upsetting and needs scrutiny. The company reported a 7.5% decline in sales to $5.3 billion. Comparable store sales were down 4.6% on an owned plus licensed basis. Earnings dropped to 23 cents from 40 cents a share. Wall Street was shocked. There was really no surprise that earnings dropped. The company closed 68 stores at the end of the last fiscal year. Those sales are missing this year leaving behind stranded costs. Because of the closing, management st..>> view originalUnited flight delayed after scorpion reported aboard
United Airlines (UAL) has been stung by a second reported scorpion incident within a month.A United flight from Houston to Ecuador was delayed after a scorpion was spotted aboard. United tells KHOU-TV that Flight 1035 returned to the gate Thursday night after a scorpion "reportedly emerged from a customer's clothing." Paramedics examined the man and determined that he hadn't been stung. The station says it's unclear whether a scorpion was found.United says it found a new aircraft for the flight..>> view originalSprint, SoftBank Said in Informal Deal Talks With T-Mobile
Sprint Corp. has started preliminary conversations to merge with T-Mobile US Inc., the latest attempt to consolidate in a market watched closely by U.S. regulators, according to people familiar with the matter.Executives of both SoftBank Group Corp., Sprint’s largest shareholder, and Sprint itself have had informal contact with T-Mobile owner Deutsche Telekom AG about a transaction, said the people, who asked not to be identified because the discussions are private. Merger talks in the wireless..>> view originalMechanics caused $4M in damage to Air Force One in 2016
May 11 (UPI) -- Three Boeing mechanics servicing an Air Force One plane caused $4 million in damage and increased the risk of a fire in mid-flight if not corrected, according to a federal investigation. One of the two 747-200B aircraft, which is designated as Air Force One when the president flies, was being serviced at a Boeing plant in San Antonio from April 1-10, 2016, according to an incident report released by Air Force investigators this week. The oxygen system became contaminated when me..>> view originalFiat Chrysler recalls 1.25 million trucks for software error
WASHINGTON Fiat Chrysler Automobiles NV (FCHA.MI) said Friday it would recall more than 1.25 million pickup trucks worldwide to address a software error linked to reports of one crash death and two injuries.The error code could temporarily disable the side air bag and seat belt pretensioner deployment during a vehicle rollover spurred by a significant underbody impact, such as striking onroad debris or driving off-road, the Italian-American automaker said. The company will reprogram computer ..>> view original
Wednesday, June 7, 2017
U.S. Inks China Trade Deal Promoting Financial Services, Beef and other top stories.
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