Asian shares firm, dollar and US bond yields slip after Fed – Reuters

TOKYO Asian shares eked out modest gains on Thursday while the dollar and U.S. bond yields slipped after the U.S. Federal Reserve signalled a cautious approach to future rate hikes and the reduction of its $4.5 trillion of bond holdings. MSCI’s broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS advanced 0.3 percent, with South Korea […]

Trump’s Budget Scam – Politico

I have a plan to dunk a basketball. First, I’ll grow a foot taller. Next, I’ll recapture the athleticism of my youth, so I can jump a lot higher. I didn’t say I had a serious plan—just a plan. Today, the Trump administration released a plan to balance the federal budget over the next decade, […]

US accuses Fiat Chrysler of trying to mask emissions in 100000 vehicles – Washington Post

The Justice Department filed a civil complaint Tuesday alleging that Fiat Chrysler Automobiles installed software designed to cheat emission controls in more than 100,000 diesel vehicles, including its popular Jeep Grand Cherokee sport-utility vehicle. The lawsuit states nearly 104,000 vehicles are “equipped with software functions that were not disclosed to regulators during the certification application […]

Ford names Hackett as CEO to tackle car rivals, Silicon Valley – Reuters

WASHINGTON/DEARBORN, Mich. Ford Motor Co (F.N) abruptly named James Hackett as chief executive on Monday, responding to investors’ growing unease about the U.S. automaker’s slumping stock price and its ability to counter threats from longtime rivals and Silicon Valley. Ford Chairman Bill Ford Jr., whose family effectively controls the U.S. No. 2 automaker, said he […]

US Supreme Court deals blow to patent trolls – SFGate

Caption Close The U.S. Supreme Court handed down a ruling on Monday that will sharply limit the places where companies can file patent infringement lawsuits, a move that is expected to have significant implications for Silicon Valley and Northern California’s federal courts. In a unanimous decision, the court overturned a long-standing precedent that gave patent […]

Boeing inks defense, passenger jet deal with Saudi Arabia – USA TODAY

This photo taken on March 7, 2017 shows the Boeing logo on the Boeing 737 MAX 9 airplane. during its rollout for media at the Boeing factory in Renton, Washington. (AFP PHOTO/ Jason Redmond/AFP/Getty Images)(Photo: JASON REDMOND, AFP/Getty Images) U.S. aerospace and defense giant Boeing said Sunday it had reached agreements to sell both military and […]

Blackstone Unveils $40 Billion Infrastructure Mega Fund With Saudi Arabia As President Trump Visits – Forbes

Blackstone co-founder Stephen Schwarzman (Photograph by Jamel Toppin) As President Donald Trump visits Saudi Arabia on the biggest foreign trip of his presidency, private equity giant Blackstone Group is unveiling a $40 billion infrastructure fund with the gulf nation, which will primarily invest in the United States. Saudi Arabia will commit $20 billion to the Blackstone infrastructure fund […]

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