Finance

Ex-Fiat Chrysler CEO Sergio Marchionne dies aged 66

Sergio Marchionne , man and friend, is gone", John Elkann, the great-great grandson of Fiat founder Giovanni Agnelli and the chairman of EXOR, the investment firm that controls FCA, said in a statement . Marchionne played a key role in negotiations shaping the future of Formula 1, and threatened to pull Ferrari out of the sport on more than one occasion. [Full Article...]

Trump suggests cutting all tariffs ahead of key meeting with EU

Trump suggests cutting all tariffs ahead of key meeting with EU Durum Growers Association, said the $12 billion figure "sounds huge" but there are many farmers in need. "This is a short-term solution to allow President Trump time to work on long-term trade deals to benefit agriculture and the entire USA economy", Agriculture Secretary Sonny Perdue said. [Full Article...]

European Union fines ASUS, Philips and others for online price fixing

European Union fines ASUS, Philips and others for online price fixing The four companies used automated software that monitored prices at their partner retailers to make sure they followed rules. Asus has landed itself in hot water with the European Commission after it was discovered the company was engaged in online price fixing. [Full Article...]

Former Fiat Chrysler CEO Sergio Marchionne dies at 66

Marchionne suffered an embolism while undergoing an operation for an invasive shoulder sarcoma and suffered irreversible damage to his brain function, an Italian business website reported Tuesday. "It's a 2019 issue", Marchionne said. "We are never going to see anyone like you again". Some analysts have also expressed scepticism that a final decision had been made. [Full Article...]

Facebook stocks plummet more than 20% amid concerns over growth

Facebook stocks plummet more than 20% amid concerns over growth The company had warned investors to expect a surge in costs due to efforts needed to address concerns about Facebook's inadequate handling of users' privacy. Instagram's business model is so far the most mature, and likely contributed meaningfully to the company's revenue in the quarter, analysts have said, though Facebook doesn't break out sales for the app. [Full Article...]

Trump pumps up the volume ahead of Juncker visit

Trump pumps up the volume ahead of Juncker visit Trump has accused the European Union of unfair trade practices and has threatened to raise tariffs on cars imported from the bloc. The president again suggested the two sides could one day have no tariffs or barriers or subsidies on their products. [Full Article...]

Mega Millions winning numbers announced for $522 million jackpot

Mega Millions winning numbers announced for $522 million jackpot In Massachusetts, a $3 million ticket was sold at Lanzilli's Grocery in East Boston and a $1 million ticket was purchased at Lee's Supermarket in Brighton. The last jackpot was hit on May 4th. The store stands to receive $1 million for selling the winning ticket. The game is played in 44 states, including MI. [Full Article...]

Sergio Marchionne, Former Fiat Chrysler CEO, Has Died at 66

Sergio Marchionne, man and friend, is gone". Marchionne fully kept his promise of fixing Fiat and Chrysler. Marchionne was reported to have had surgery for a shoulder problem about three weeks ago in Switzerland. An accountant and lawyer by training, Mr Marchionne joined Fiat in 2004 after the death of its patriarch Gianni Agnelli. For the past several years, Marchionne had tried to engineer... [Full Article...]

Sergio Marchionne Currently in a Coma With Irreversible Brain Damage

Sergio Marchionne , man and friend, is gone", Elkann said in a statement. What we do know so far is that Marchionne underwent surgery on his right shoulder several weeks ago and that he had confirmed business appointments for late July. [Full Article...]

Iran's Foreign Minister responds to Trump's all-caps Twitter threat

He has accused the U.S. of stoking an "economic war" and suggested Iran could immediately ramp up its production of uranium in response, escalating the nuclear threat. She wouldn't directly say whether Trump consulted with his national security team before the tweet . "That small group who have been defeated by this insane president's psychological warfare should know that America will not be... [Full Article...]

Ryanair to cancel up to 600 flights next week in biggest strike

Ryanair to cancel up to 600 flights next week in biggest strike This second strike is unnecessary because Ryanair has already given them written proposals that address their concerns about seniority - even though FORSA and the pilots committee don't even understand that their demands will damage Irish pilots' prospects. [Full Article...]

Tariffs are greatest: Donald Trump

Tariffs are greatest: Donald Trump Indeed, the plan magnified objections among many Republicans that the tariffs amount to taxes on American consumers. "This trade war is cutting the legs out from under farmers, and White House's "plan" is to spend $12 billion on gold crutches", Mr. [Full Article...]

Business groups urge USA not to impose more tariffs on Chinese imports

These Chinese tariffs have hit farmers particularly hard. For instance, China is the biggest buyer of US soybeans, importing more than $12.4 billion worth of the oil seed in 2017, according to the Peterson Institute for International Economics. [Full Article...]

Donald Trump's bailout plan for farmers criticized by some in GOP

Donald Trump's bailout plan for farmers criticized by some in GOP The White House has searched for months for a way to provide emergency assistance to farmers without backing down on Trump's trade agenda, and the new program will extend roughly $12 billion through three different mechanisms run by the Department of Agrigulture. [Full Article...]

Images suggest North Korea dismantling satellite launch site

Images suggest North Korea dismantling satellite launch site The images published by 38 North, a US-based website focused on North Korea that is affiliated with the Stimson Center in Washington, were taken by the commercial companies Digital Globe and Airbus Defence and Space on July 20 and July 22, respectively. [Full Article...]

No Name chicken nuggets, Ritz Bits sandwiches recalled due to salmonella

No Name chicken nuggets, Ritz Bits sandwiches recalled due to salmonella If you have any of these products in your home, the company says you should discard them as soon as possible. Mondelez Global, which produces Ritz, announced Saturday the company was voluntarily recalling certain products out of caution, though there have been no complaints of illness so far. [Full Article...]

Ag Dept to send $12B to farmers hurt by tariffs

Short-term: Perdue said the "one-time" program would help farmers dealing with "illegal retaliation" to USA tariffs, reports the Wall Street Journal . The supports would be a balm to producers who are seeing prices drop and inventories rise because of disputes with China , Canada and other trade partners who are significant purchasers of US pork, soybeans and other crops. [Full Article...]

Trump administration plans $12 billion bailout for U.S. farmers hurt by tariffs

The White House showcased a number of products made in each of the 50 states during its second annual "Made in America" event on Monday. Trump tweeted on Tuesday morning, saying "t$3 ariffs are the greatest! " and that other nations would have to negotiate better trade deals with the United States or be hit by additional tariffs. [Full Article...]

Mega Millions ticket worth $1M sold in Delaware County

Mega Millions ticket worth $1M sold in Delaware County If you don't win the full $493 million, don't worry - there are nine different ways to still take home money from the Mega Millions drawing ranging from the jackpot to making back the $2 you spent on the ticket. Men are more likely to buy tickets than women and white people are also the most likely to buy tickets (though black people spend more on tickets on average). [Full Article...]

Trump administration plans $12 billion bailout for USA farmers hurt by tariffs

Trump administration plans $12 billion bailout for USA farmers hurt by tariffs The same day that President Donald Trump gushed on Twitter that "tariffs are great", his administration disclosed plans to pay billions in aid to United States farmers getting slammed by tariffs on their goods, a new report said Tuesday. Ryan said he understood Trump's goal - of trying to get a "better deal for Americans" - but he disagreed with the president's strategy. He started the showcase ... [Full Article...]


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