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2 top aides leave EPA amid ethics investigations

WASHINGTON (AP) — The top security official for embattled Environmental Protection Agency head Scott Pruitt abruptly left office ahead of his scheduled questioning before a congressional panel, one of two top aides whose departures were announced Tuesday amid a series of federal ethics investigations of the agency. …read more […]

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There's been a big shakeup at Morgan Stanley — and it shows the bank is getting more serious about technology (MS)

In a memo to employees, Morgan Stanley chief executive James Gorman announced a big executive shakeup. The bank has named Rob Rooney to oversee the US bank’s technology efforts, according to a memo reviewed by Business Insider. …read more […]

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Legendary U.S. guitar-maker Gibson files for bankruptcy

Nashville-based Gibson, whose legendary brands include Les Paul and SG, has been suffering under $500 million in debt linked to the acquisition of its consumer electronics business overseas, where sales have been in sharp decline. In a filing in U.S. Bankruptcy Court in Delaware, Gibson said the overseas consumer electronics business will be wound down, allowing it to re-focus on its core guitar-making and audio businesses. …read more […]

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Cummins shares drop as more engines face emissions tests

U.S. enginemaker Cummins Inc said on Tuesday it was widening field repairs to include engines produced between 2010 and 2015 as it strives to quell regulators’ concerns that have already cost the company almost $200 million. In a first quarter results release that beat expectations on all main performance measures, the company took an initial charge of $187 million in relation to moves to upgrade engines after some systems failed emissions tests last year. It also warned of further charges of up to $400 million in the second quarter if …read more […]

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Trump: ‘Disgraceful’ leak of Mueller Russia probe questions

President Donald Trump said Tuesday it’s “disgraceful” that a list of questions that the special counsel investigating Russian election interference wants to ask him was “leaked” to the news media. The New York Times late Monday published the nearly four dozen questions given to Trump’s attorneys, covering Trump’s motivations for firing FBI Director James Comey last May and contacts between Trump campaign officials and Russians. “It is so disgraceful that the questions concerning the Russian Witch Hunt were ‘leaked’ to the media,” Trump tweeted Tuesday. …read more […]

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Faltering voice, head down, Korean Air daughter appears for police questioning

With a faltering voice and her head down, the youngest daughter of Korean Air Lines’ chairman apologized on Tuesday for a recent angry outburst as she made her first appearance for questioning by police over the incident. Cho Hyun-min, the younger sister of the notorious “nut rage” heiress of the airline, who got into trouble over a petulant outburst in 2014, is being investigated by police over allegations that she threw a drink at people at a business meeting last month. “I am genuinely sorry for causing this concern,” Cho Hyun-min told a media scrum, before heading …read more […]

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Report: Mueller gives list of questions to Trump’s lawyers

Special counsel Robert Mueller has given a list of almost four dozen questions to lawyers for President Donald Trump as part of his investigation into Russian meddling in the 2016 election and whether Trump obstructed justice, according to a report published in The New York Times. The Times obtained a list of the questions, which range from Trump’s motivations for firing FBI Director James Comey a year ago to contacts Trump’s campaign had with Russians. Although Mueller’s team has indicated to Trump’s lawyers that he’s not considered a target, investigators remain interested in whether the president’s actions constitute …read more […]

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White House delays tariffs on EU, Canada and Mexico

WASHINGTON (AP) — The White House said Monday it would postpone a decision on imposing tariffs on U.S. imports of steel and aluminum from the European Union, Canada and Mexico for 30 days, avoiding the potential for a trade battle with Europe as the U.S. prepares for tense trade talks in China this week. …read more […]