General Motors will announce a $1 billion investment in its factories that will create or keep around 1,000 jobs, a person briefed on the matter said Monday. The Detroit automaker will make the announcement Tuesday morning. The investment is part of the normal process of equipping factories to build new… Read More
The world’s eight richest people are…
The eight individuals who own as much as half of the rest of the planet are all men, and have largely made their fortunes in technology. Most are American, with one European and one Mexican in the mix. Several have pledged to give it all to charity. The eight tycoons’… Read More
It’s gonna be YUUGE! Trump raises millions for inauguration
The inauguration of a new president requires the recitation of a 35-word oath. That’s it. Dress it up with some hoopla and glitz, though, and pretty soon you’re talking real money. Donald Trump will have it to spend. Trump’s Presidential Inaugural Committee has raised a record $90 million-plus in private… Read More
Justice! Crooked auto executive arrested
Six high-level Volkswagen employees from Germany have been indicted in the U.S. in the automaker’s emissions-cheating scandal as prosecutors made good on efforts to charge individuals in a corporate corruption case. Now, one is in handcuffs after flying into Miami for a luxurious vacation — and authorities say he’s so… Read More
Stocks rise as investors eye Trump press conference
Global stocks rose modestly on Wednesday as investors looked ahead to a press conference by President-elect Donald Trump for details on trade and clarifications about Russia’s role in the election. KEEPING SCORE: Germany’s DAX was up 0.3 percent at 11,618 while France’s CAC 40 gained 0.1 percent to 4,894. Britain’s… Read More
So long, Yahoo! Identity and name change coming with Verizon deal
Yahoo will adopt a new corporate identity and slash the size of its board if the proposed $4.8 billion sale of its digital services to Verizon Communications goes through. The company plans to change its name to Altaba Inc. after it turns over its email, websites, mobile apps and advertising… Read More
Trump scores another HUGE jobs win
President-elect Donald Trump is preparing to take office in less than two weeks, but is already proving that his economic intelligence is going to be huge for America jobs. After facing criticism from the President-elect for moving operations to Mexico, Fiat Chrysler and Ford Motor Co. have announced plans to expand… Read More
Macy’s announces MAJOR store closings
Macy’s says it is eliminating more than 10,000 jobs and plans to move forward with 68 store closures after a disappointing holiday shopping season. The department store chain also lowered its full-year earnings forecast. The retailer said Wednesday that sales at its established stores fell 2.1 percent in November and… Read More
Ford’s cancelled plant leaves Mexico fearing Trump
Ford Motor Co.’s cancellation of plans to build a $1.6 billion auto manufacturing plant in San Luis Potosi has sounded alarms across Mexico. Even as the country is being rocked by rowdy nationwide protests against a Jan. 1 gasoline price hike, the Ford news led the front pages of Mexico’s… Read More
Ohio house sells for… one dollar!?
A vacant 92-year-old bungalow in Akron sold at a sheriff’s sale last month for just $1, a price made possible by a revision of Ohio law governing public auctions last year. The Akron Beacon Journal reports the home is the first to sell so cheaply in Summit County since the… Read More
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