Tesla might soon have “made-in-China” cars, but they’ll still get taxed there like imports – Quartz

Tesla’s expected China coup would see it finally build cars in its own factory in Shanghai. But they’ll still likely be treated as foreign imports by the country. On Sunday (Oct. 22) The Wall Street Journal reported (paywall) that the electric car maker has secured a deal to manufacture vehicles in Shanghai’s free-trade zone, independently […]

Listeria concern prompts recall of more than 30 Meijer brand produce items – MLive.com

Grand Rapids-based Meijer Inc. has announced a recall of packaged produce items due to concerns over potential Listeria monocytogenes contamination. The recall includes a total of more than 30 vegetable products sold between Sept. 27, 2017 and Oct. 20, 2017 at Meijer stores in Michigan, Ohio, Indiana, Illinois, Kentucky, and Wisconsin. “The items will be […]

Report: Bill O’Reilly settled another sexual harassment claim for $32 million – Washington Post

A new report says that Bill O’Reilly settled a sexual harassment allegation by a longtime Fox News contributor before his “O’Reilly Factor”contract was renewed. (Richard Drew/AP) Former Fox News host Bill O’Reilly secretly settled a sexual harassment allegation with a network contributor for $32 million — the largest, by far, of six such agreements that […]

Titanic letter sells for world record price at auction – BBC News

Image copyright Henry Aldridge & Son Image caption The letter was written by Oscar Holverson to his mother One of the last known letters to have been written on the Titanic has sold for a world record price at auction. The letter, written by American businessman and Titanic passenger, Oscar Holverson, fetched £126,000. It was […]

GE’s New CEO Slashes Profit Outlook, Sends Shares Tumbling – Bloomberg

GE’s New CEO Slashes Profit Outlook, Sends Shares Tumbling – Bloomberg

General Electric Co.’s new boss promised “sweeping change” as he delivered a brutal assessment of the 125-year-old manufacturer. Results for the latest quarter are “completely unacceptable,” Chief Executive Officer John Flannery told investors on Friday as he slashed the profit forecast and pledged to unload $20 billion of GE businesses. “We need to make some major […]

Trump adviser says middle-class better off with SALT elimination – Albany Times Union

WASHINGTON – One of President Trump’s top economic advisers said Thursday that elimination of the state-and-local tax deduction would put middle-class taxpayers in New York in a better financial position if the “entirety’’ of the Trump tax plan is enacted. “If you look at the complete picture, absolutely, that’s what everyone should expect from this,’’ […]

US FDA approves Gilead cancer gene therapy; price set at $373000 – Reuters

(Reuters) – U.S. regulators approved on Wednesday a new therapy for a type of lymphoma, which was developed by Gilead Science Inc’s Kite Pharma, marking the second approval for this potentially revolutionary approach to fighting cancer. The Food and Drug Administration approved the gene therapy, to be sold under the name Yescarta, to treat adults […]