China’s Great Wall interested in buying Jeep – MarketWatch

Jeep, the crown jewel of Fiat Chrysler Automobiles NV and a world-wide symbol of American military and manufacturing might, has an interested Chinese suitor, the latest sign of an industry in the midst of a global reshuffling. Great Wall Motor Co. plans to make a bid for Fiat Chrysler’s lucrative Jeep brand, known for rugged […]

BHP to Quit US Shale Business as Annual Profit Surges – New York Times

BHP joined other miners who have boosted payouts in the current earnings season to reward shareholders amid a resurgence in commodity prices. Rio Tinto and iron ore miner Fortescue Metals both paid record dividends, while Anglo American reinstated its dividend. Facing calls from some shareholders to dispose of the shale business it acquired at the […]

Musk warns of ‘killer robot’ arms race – BBC News

Image copyright Getty Images Elon Musk and other technology leaders have issued a stark warning about so-called “killer robots”, urging the United Nations to act to prevent a high-tech arms race. In an open letter to the UN, they say lethal autonomous weapons threaten a “third revolution in warfare”. More than 100 robotics and artificial […]

Sempra snatches Oncor from Buffett with $9.45 billion bid: sources – Reuters

(Reuters) – Bankrupt Texas utility Energy Future Holdings will abandon a deal to sell power transmission company Oncor to Warren Buffett’s Berkshire Hathaway Inc (BRKa.N) for $9 billion and will accept a $9.45 billion bid for Oncor by Sempra Energy (SRE.N) instead, people familiar with the matter said. The development represents a rare blow for […]

Why Wall Street is so fixated on Gary Cohn’s position in the White House – Business Insider

Why Wall Street is so fixated on Gary Cohn’s position in the White House – Business Insider

Andrew Kelly/Reuters Markets tumbled on Thursday after rumors swirled that Gary Cohn, President Donald Trump’s top economic adviser and formerly Goldman Sach’s number two, was resigning. The S&P 500 slumped at around 10 a.m. ET, after the rumors began swirling on Twitter. Gold, a traditional safe haven trade, climbed as investors pulled into safety assets. The […]

The Volkswagen bus is coming back, with modern twists – Sacramento Bee

Volkswagen is officially bringing back the microbus, a hippie favorite first released in the 1950s. Set to hit America in 2022, the I.D. Buzz will be electric and could have self-driving elements, according to USA Today. The car will have 369 horsepower, compared to the 25 of the original microbus, according to CNET’s Tim Stevens, […]

As Panel Disbands, UTC CEO Quits Trump Advisory Panel – Hartford Courant

Two days after the start of an exodus of business executives from advisory panels to President Donald Trump, Greg Hayes, CEO of United Technologies Corp., said Wednesday he, too, would quit a manufacturing council of top corporate leaders. The abrupt statement from Hayes on Twitter Tuesday afternoon followed by just minutes an announcement tweeted by […]

Infosys CEO Vishal Sikka resigns, cites recent ‘drumbeat of distractions’ – Reuters

(Reuters) – Infosys Ltd, in a surprise announcement, said Vishal Sikka has resigned as CEO citing a stream of distractions and disruptions in recent months, pushing down shares of the second-largest Indian IT services firm almost 8 percent on Friday. U.B. Pravin Rao, Infosys’ chief operating officer, was named interim managing director and chief executive. […]

Investors sell stocks, dollar on fears Trump agenda is foundering – Reuters

SINGAPORE (Reuters) – Asian stock investors joined a global retreat from riskier assets on Friday and the dollar wavered on rising doubts about U.S. President Donald Trump’s ability to deliver his economic agenda. European stock markets are also set for a negative start, with financial spreadbetter CMC Markets expecting Britain’s FTSE 100 to open 0.5 […]

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