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Cuban trade delegation visits U.S. as Trump ponders detente

January 25, 2017 by · Leave a Comment 

A Cuban trade delegation arrived in the United States this week to visit four states and six ports, even as the Trump administration pondered what to do with a fragile detente initiated…

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Cuban trade delegation visits U.S. as Trump ponders detente

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U.S. judge approves VW dealers $1.2 billion settlement

January 24, 2017 by · Leave a Comment 

Volkswagen AG's dealers will receive an average of $1.85 million in a $1.2 billion settlement approved by a U.S. judge on Monday over its diesel emissions scandal. U.S. District Judge Charles Breyer said the 650 U.S. dealers would be paid over 18 months, ruling the settlement “fair, reasonable, and adequate.” VW also agreed to keep making volume-based incentive payments to dealers, and will allow them to defer capital improvements for two years. In total, VW has now…

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U.S. judge approves VW dealers $1.2 billion settlement

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Foxconn CEO says investment for display plant in U.S. would exceed $7 billion

January 22, 2017 by · Leave a Comment 

Foxconn, the world's largest contract electronics maker, is considering setting up a display-making plant in the United States in an investment that would exceed $7 billion, company chairman and chief executive Terry …

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Foxconn CEO says investment for display plant in U.S. would exceed $7 billion

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Samsung chief questioned behind closed doors in arrest warrant hearing

January 18, 2017 by · Leave a Comment 

A South Korean judge questioned Samsung Group leader Jay Y. Lee behind closed doors on Wednesday to decide whether he should be arrested over his alleged role in a corruption scandal that led parliament to impeach President Park Geun-hye. Lee, 48, in dark overcoat and purple necktie, did …

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Samsung chief questioned behind closed doors in arrest warrant hearing

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Brainard joins Fed chorus warning about fiscal stimulus risks

January 18, 2017 by · Leave a Comment 

A leading Federal Reserve proponent of low interest rates said on Tuesday the U.S. central bank might hike rates more aggressively if deficit spending under the Trump administration produced a quick economic boost. “If fiscal policy changes lead to a more rapid elimination of slack, policy adjustment would, all else being equal, likely be more rapid,” Fed Governor Lael Brainard said at an event…

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Brainard joins Fed chorus warning about fiscal stimulus risks

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Wal-Mart, General Motors reaffirm jobs long planned, Trump says thanks

January 18, 2017 by · Leave a Comment 

Wal-Mart will add 10,000 jobs this year while GM announced $1 billion in investment that would create 1,500 U.S. jobs. Trump, who takes office on Friday, has repeatedly singled out and criticized U.S. companies across industries for not doing more to keep jobs in the United States and has put pressure on them to hire more U.S. workers.

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Wal-Mart, General Motors reaffirm jobs long planned, Trump says thanks

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Lockheed Martin CEO meets Trump, says deal to lower F-35 costs is close

January 15, 2017 by · Leave a Comment 

Lockheed Martin Corp is close to a deal to significantly lower the cost of its F-35 aircraft, Chief Executive Officer Marillyn Hewson said on Friday after meeting with U.S. President-elect Donald Trump. “I certainly share his views that we need to get the best capability to our men and women in uniform, and we have to get it at the lowest possible price,” Hewson said to reporters in Trump Tower. Hewson had previously assured Trump she would drive down…

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Lockheed Martin CEO meets Trump, says deal to lower F-35 costs is close

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EU, U.S. strike deal to boost transatlantic insurance market

January 15, 2017 by · Leave a Comment 

The European Union and the United States agreed on Friday to reduce legal and capital barriers to boost the $3 billion transatlantic insurance and reinsurance market. Under the deal, EU and U.S. authorities will lift requirements for reinsurers to hold more capital against risks if they operate from the other side of the Atlantic, eliminating one key hurdle for cross-border expansion. “This is a major deal that is set to benefit insurers, reinsurers and policy holders…

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EU, U.S. strike deal to boost transatlantic insurance market

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Samsung Group leader Lee arrives at South Korea prosecution office for questioning

January 12, 2017 by · Leave a Comment 

SEOUL (Reuters) – Samsung Group [SAGR.UL] leader Jay Y. Lee on Thursday arrived at the South Korean special prosecutor's office for questioning over bribery suspicions as part of a widening political scandal that may permanently unseat President Park Geun-hye.

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Samsung Group leader Lee arrives at South Korea prosecution office for questioning

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Trump recommits to ‘major border tax’ on foreign-produced U.S. products

January 12, 2017 by · Leave a Comment 

President-elect Donald Trump on Wednesday promised a “major border tax” on companies that shift jobs outside the United States, further pressuring American businesses days after Fiat Chrysler Automobiles NV said heavy tariffs could force the company to shutter Mexican plants. Since the Nov. 8 election, Trump has taken to Twitter to call out by name a number of manufacturers with both planned and existing operations outside of the country. Trump, who will be sworn into office on Jan. 20, warned of a “very large border tax” on companies that…

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Trump recommits to ‘major border tax’ on foreign-produced U.S. products

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