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Category : Business (Archive for 2018-05-10) News by Google
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New York Times
US Pullout From Iran Nuclear Deal May Unsettle Oil Markets
New York Times
HOUSTON — President Trump's decision to withdraw from the Iran nuclear deal has so far had no more than a muted effect on oil and gasoline prices. But that could easily change. The full impact on global oil markets may not be seen for weeks or months.

Detroit Free Press
Ford forced to stop all F-150 production because of supplier fire
Detroit Free Press
Ford suspended all production Wednesday of its profit-driving F-150 pickup, the nation's best-selling vehicle for more than 35 years, because of a "black swan" parts shortage. The production halt was caused by a fire May 2 at a parts factory in small ...

Bloomberg
China's ZTE Ceases Major Operations After US Trade Ban
Bloomberg
ZTE Corp. has suspended all major activities after the U.S. crippled its ability to buy crucial American technology, signaling the potential collapse of one of the world's largest makers of phones and networking gear. China's No. 2 telecom equipment ...

Wall Street Journal
Anbang Insurance Founder's Stunning Fall Ends With 18-Year Prison Term
Wall Street Journal
Disgraced Chinese insurance magnate Wu Xiaohui was sentenced to 18 years in prison on Thursday after being convicted of fraud and abuse of power connected with the meteoric rise of the company he founded, Anbang Insurance Group Co. The penalties ...

Wall Street Journal
US Safety Investigators Examine Another Fatal Tesla Crash
Wall Street Journal
FORT LAUDERDALE, Fla.—A U.S. transportation-safety agency said it would begin examining the fiery crash of a Tesla Inc. Model S car that killed two teenagers here Tuesday evening, marking the fourth active federal probe involving the company's vehicles.

CNNMoney
RBS to pay another $5 billion to settle DOJ toxic mortgages probe
CNNMoney
The Royal Bank of Scotland has already paid out billions to settle one investigation into its alleged sale of toxic mortgages before the global financial meltdown in 2008. Now, it's paying billions more in a bid to draw a line under the crisis. The ...

CNN
Senate Democrats force vote to reinstate net neutrality
CNN
(CNN) More than a dozen Democratic senators called publicly Wednesday for reinstating net neutrality protections, and moved to force a vote on the proposal. The issue galvanizes Democrats and is poised to pass the Senate, but it faces an uphill battle ...

Wall Street Journal
California Takes Big Step to Require Solar on New Homes
Wall Street Journal
California took a major step Wednesday toward becoming the first state to require solar panels on nearly all new homes, the latest sign of how renewable energy is gaining ground in the U.S.. The California Energy Commission voted 5-0 to approve a ...

ABC News
Pilots who safely landed Southwest flight after deadly engine failure on what happened in the cockpit
ABC News
Tammie Jo Shults and Darren Ellisor, the pilots who safely landed a Southwest Airlines plane on April 17 after one of its engines failed, said it was teamwork and training that helped them get through the “life changing” experience. “You just realize ...

The Register
There will be blood: BT to axe 13000 employees
The Register
Former state monopoly BT is to chop 13,000 jobs over the next three years and will shutter its current London HQ under plans to wring out £1.5bn in costs and boost its flagging share price. The roles earmarked for redundancy are mainly in the back ...

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