Markets
Donald Trump Scolds General Motors for Moving Plants to China After Bailout
The corporate logo for the General Motors Co on display in Detroit. In 2018, GM sold 3.6 million vehicles in China compared with about 2.9 million in the United States as sales in China make up to 43 percent of their global sales. GM's employment of about 49,200 union-represented workers, including temporary hires, was second to Ford but more than Fiat Chrysler. "Make those investments here, b... [Full Article...]
US awards $7.6 billion cloud contract to General Dynamics
The contract, known as Defense Enterprise Office Solutions (DEOS), is aimed to replace the Defense Department's IT office applications and provide tools such as word processing, email, collaboration, file sharing and storage, the agency said https://bit.ly/2NFy05q in a statement. [Full Article...]
Twitter CEO Jack Dorsey’s Account Hacked, Flooded With Racist, Vulgar Posts
At approximately 3:45 p.m., Dorsey's account tweeted out "Shoutout Debut, Corey, NuBLoM, Joe, Owen, & Aqua", apparently the names of a group of hackers calling themselves #ChucklingHella . In a series of twenty or so tweets, the hackers then posted the N-word, comments about Hitler and Nazi Germany, and other odd messages. They even threatened to blow up Twitter HQ, though it is unclear how serio... [Full Article...]
Coastal banks to merge: Syndicate with Canara; Corporation with others
Union Bank of India will be merged with Andhra Bank and Corporation Bank to become the fifth largest public sector bank in terms of business, says finance minister. The amalgamated entity will also have the fourth largest branch network in India with 9,606 branches. India nationalised banks in 1969 to remove the concentration of control from the hands of a few. [Full Article...]
Still time to block no-deal Brexit
John Major's history with prorogation is rather interesting as in 1997 when he was Prime Minister of a Tory government mired in allegations of sleaze, he was also accused by the opposition of proroguing Parliament earlier than usual for political purposes, in order to delay the publication of a report into the " Cash for Questions " scandal that had dogged the Conservatives. [Full Article...]
India’s GDP growth slows to 5%, more stimulus expected
The Budget for 2019-20, he said, has announced Rs 100 lakh crore investment in infrastructure creation in the next five years which has the ability to crowd in investment. A Reuters poll of economists had forecast annual gross domestic product growth of 5.7% for the latest quarter. Many analysts believe a precariously slow pace of tax collections in the current fiscal may force the government to u... [Full Article...]
China says it hopes for "necessary conditions" to continue trade talks
US President Trump said in a radio interview that talks "at a different level" would take place today. On Thursday, Trump expressed optimism for negotiations. Referring to a Washington Post column where he wrote , "I could look at Trump's unhinged performance at last weekend's Group of Seven meeting and decide that, on balance, it is good for China for the world's big industrialized democraci... [Full Article...]
Lord & Taylor sold to Le Tote for US$75 million
It has more than 200 employees. Le Tote regulars will gain access to 500 additional brands as well as categories they now can't find on the site, such as cosmetics and shoes. Under the deal, Le Tote will acquire the Lord & Taylor brand and related intellectual property, while assuming operations of 38 stores , Lord & Taylor's digital channels and the associated inventory. [Full Article...]