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 […]

Military jets scramble to escort Honolulu-bound flight after cockpit incident – CNBC

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Trump administration starts countdown to NAFTA talks in mid-August – Reuters

WASHINGTON The Trump administration on Thursday set the clock ticking toward a mid-August start of renegotiations of the North American Free Trade Agreement with Canada and Mexico to try to win better terms for U.S. workers and manufacturers. With a letter to U.S. lawmakers, U.S. Trade Representative Robert Lighthizer said he triggered a 90-day consultation […]

Mnuchin mum as Dems press for answers on tax reform, Dodd-Frank – The Hill

Treasury Secretary Steven Mnuchin was mum Thursday about features of the Trump administration’s plans to cuts taxes and rollback financial regulations. Mnuchin appeared before the Senate Banking Committee, his first congressional testimony as Treasury secretary, to update lawmakers on domestic and international policy. He stressed that the department needed time to craft tax policies and […]