Markets
4,600 job to go at major engineering firm Rolls-Royce
In a statement , the company said around 1,500 jobs would be lost by the end of 2018, with more cuts due in 2019 and 2020. The restructuring will reduce the number of management roles, and that engineering jobs will also be affected. They were down about 1.2 per cent at 3.43pm in NY, after dropping 2.5 per cent earlier on a separate Bloomberg report on replacement-part shortages for faulty engi... [Full Article...]
To slap additional 25% tariffs on Chinese cells, modules
Trump called the tariffs "essential to preventing further unfair transfers of American technology and intellectual property to China, which will protect American jobs". This person also said Ross had said the list would take aim at products for which China supplied 33 percent or less of total US imports in individual product categories, making it easier to shift to other countries' supplies... [Full Article...]
1 deputy killed, 1 critical in shooting in Kansas, sheriff says
The shooting is under investigation. The courthouse is located at 710 N. 7th Street. He was undergoing surgery. The shooting and subsequent events happened in the parking lot of the gated transport office. A Wyandotte County sheriff's deputy died on Friday after a shooting that happened while a suspect was being moved from court back to the jail. "Ruth and I will be praying for the victims and... [Full Article...]
Seattle Backing Down on Business Tax to Fund Homeless Programs
In Seattle, rents have risen almost 40 percent over the past five years, driven largely by the presence of major employers like Amazon and Microsoft, sending rents and homeless rates in the city and in neighboring towns soaring. 135 crores) in gross revenue and would have taken effect next year. The liberal city spent $68 million on homelessness in 2017 and plans to spend $78 million this year. [Full Article...]
Supreme Court dismisses appeal in Pimlico Plumbers employment case
It is surprising that the Supreme Court didn't offer any further commentary on this area of the law, given the number of high profile cases in the past year, the Taylor Report and its own acknowledgment of the complexity, which leads to more litigation. [Full Article...]
Theranos founder Elizabeth Holmes resigns from firm she founded
The indictment came out moments after Theranos said Holmes would be stepping down from the blood-testing company that has unraveled amid revelations that her main product was a fraud. But Balwani, the company's longtime COO and Holmes's ex-boyfriend, is a more shadowy figure, with virtually no online trace. Holmes didn't admit or deny the SEC's claims in her settlement, while Balwani is fighting... [Full Article...]
Trump slaps tariffs on $50 billion worth of Chinese technology goods
It said the tariffs would be applied in two stges: an initial slimmed-down list of 818 product lines worth $34 billion, followed by a second list of products that have largely benefited from industrial policies including the " Made in China 2025 " technology development programme. [Full Article...]
Evansville flights to Charlotte canceled because of American Airlines technical glitch
American Airlines says it has fixed a technology problem that was grounding flights to and from Dallas, Chicago and Miami on. "Our team is working hard to resolve the issue as quickly as possible and accommodate customers", American Airlines tweeted . [Full Article...]