Business News
How Trump’s steel tariffs kick the can business
The president of Pacific Coast Producers (PCP) plans to use around 700 million tin-coated steel cans this year for tomatoes, peaches and pears from 168 growers here in California.
Month: May 2018
Business News
U.S. East Coast refiners look to Texas crude for discounted oil
NEW YORK (Reuters) – U.S. East Coast refiners are shipping more shale oil from the Gulf Coast thanks to heavy discounts for West Texas crude and are also looking to bring more via rail, but supply bottlenecks are making it difficult to secure more barrels.
Business News
China sentences Anbang’s ex-boss to 18 years in jail
(Reuters) – The former chairman of China’s Anbang Insurance Group Co Ltd has been found guilty of fraud and embezzlement and sentenced to 18 years in prison, three months after the state seized control of an insurer famed for buying New York’s Waldorf Astoria hotel.
Business News
GM to locate new Asia-Pacific headquarters in South Korea: government
SEOUL (Reuters) – General Motors has agreed to set up its Asia-Pacific headquarters in South Korea, in a further commitment by the U.S. automaker to its loss-making local unit, the government said on Thursday.
Business News
Samsung Group’s ownership structure unsustainable: South Korea antitrust chief
SEOUL (Reuters) – South Korea’s antitrust chief said on Thursday that South Korea’s No. 1 conglomerate Samsung Group’s [SAGR.UL] current ownership structure is not sustainable.
Business News
Anbang’s former chairman Wu Xiaohui jailed for 18 years: Xinhua
(Reuters) – A Chinese court has sentenced Wu Xiaohui, former chairman of Anbang Insurance Group Co Ltd [ANBANG.UL], to 18 years in prison, China’s state media Xinhua news agency said on Thursday.
Business News
Australia’s AMP braces for shareholder revolt at frosty AGM
SYDNEY (Reuters) – Top Australian wealth manager AMP Ltd told angry shareholders on Thursday it understood their concerns and expected some to vote against its remuneration plans after a public inquiry revealed serious board-level misconduct.
Business News
RBS reaches $4.9 billion deal to settle U.S. mortgage bond probe
BOSTON/WASHINGTON (Reuters) – Royal Bank of Scotland Group Plc said on Wednesday it had agreed to pay $4.9 billion to resolve a U.S. Department of Justice probe into its structuring and sale of mortgage-backed securities ahead of the 2008 financial crisis.
Business News
Oil prices hit highest in years as markets adjust to looming sanctions on Iran
SINGAPORE (Reuters) – Oil prices clocked up more multi-year highs on Thursday as traders adjusted to the prospects of renewed U.S. sanctions against major crude exporter Iran amid an already tightening market.
Business News
Asia stocks rise as crude oil extends rally on Iran worries
TOKYO (Reuters) – Asian stocks rose on Thursday, with energy shares leading the way as crude oil prices bolted higher after U.S. President Donald Trump’s decision to pull out of a nuclear deal with Iran.
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Israel accuses Iranian forces of rocket attack on Golan
Iranian forces based in Syria fired 20 rockets at Israeli front-line military positions in the Golan Heights early Thursday, the Israeli military said, triggering an Israeli reprisal and further escalating heightened tensions. The Israeli military said its Iron Dome rocket defense system intercepted some of the incoming projectiles, while others caused only minimal damage. There were no Israeli casualties. …read more […]
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You can buy NVIDIA GeForce GTX cards for not-insane prices again
Fortnite builders, Overwatch heroes and PUBG squads might soon play those …read more […]
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Is It Time To Buy Emerson Electric Co (NYSE:EMR)?
Today we’re going to take a look at the well-established Emerson Electric Co (NYSE:EMR). The company’s stock received a lot of attention from a substantial price movement on the NYSERead More… …read more […]
Business News
Sears shares soar on Amazon tie-up; CEO says still not over ‘hump’
HOFFMAN ESTATES, Ill. (Reuters) – Sears Holdings Corp shares jumped 16 percent on Wednesday after the company announced a tire service partnership with Amazon.com, part of Chief Executive Officer Edward Lampert’s strategy to make the troubled retailer profitable again.
Business News
Twenty-First Century Fox revenue beats as cable sees highest earnings ever
(Reuters) – Twenty-First Century Fox Inc’s , the media and entertainment company controlled by Rupert Murdoch, reported quarterly revenue that beat analysts’ estimate on Wednesday, as higher fees from cable and satellite distributors drove cable business earnings to a record high.