Markets
GOP Sen. Toomey: USMCA Is a ‘Complete Capitulation to Pelosi’
He called it a threat to Mexico's sovereignty and said it was not part of the agreement he signed Tuesday. After Seade raised objections Saturday to the language in the US legislation and announced his sudden trip to Washington, critics suggested he and others in President Andrés Manuel López Obrador's government had overlooked something in the trade agreement and approved it too hastily. [Full Article...]
Holiday Travel Will Be Busy
This is in addition to 2019 being the busiest holiday travel period at the nation's airports in 16 years. AAA says 3.3 million Michiganders than ever on record will drive this holiday season, 201,773 Michiganders are expected to fly, and 112,687 will be on trains, buses and cruise ships. [Full Article...]
Sheriff's Deputies: Starbucks Ignored Us
Boots to stock Mothercare products
Mothercare , which opened its first store in 1961 and has been listed on the London Stock Exchange since 1972, put its United Kingdom retail business into administration after struggling to compete with cheap supermarket clothing ranges and the rise of online shopping. [Full Article...]
Sterling soars as Conservatives head for a majority
In Asia, Japan's Nikkei 225 index jumped 2.6 percent to 24,023.10 and Hong Kong's Hang Seng surged 2.6 percent to 27,687.76. Chastened by 3-1/2 years of political instability in Britain, investors have seized on the likely Conservative landslide, believing it will enable Johnson to deliver Brexit with his withdrawal agreement on January 31. [Full Article...]
Desmarais brothers to retire as Power Corp. co-CEOs as company restructures
As part of the reorganization, Power Financial shareholders will receive 1.05 Power Corp. subordinate voting shares and some cash for each share they own. Pansolo Holding, a holding company controlled by the Desmarais Family Residuary Trust, will retain control of Power Corporation after the restructuring. [Full Article...]
Ford recalls 547,538 trucks, says interiors can catch fire
It may create excessive sparks that lead to ignition in the B-pillar area's carpet or carpet insulation. This could cause a fire to spread throughout the truck, increasing the risk of injury, Ford said. The company is not aware of any accidents or injuries related to this condition. As needed, dealers will apply foil tape to the carpet and carpet insulation and modify the sound deadener on the b... [Full Article...]
‘We Have Agreed to a Very Large Phase One Deal With China’
The world's two largest economies have been in a trade war for about 18 months involving almost $500 billion in products shipped between the two nations. China will suspend the planned addition of 10 percent and 5 percent tariffs on some United States imports, and "continue to suspend additional tariffs on US-made autos and spare parts", China's finance ministry announced Sunday. [Full Article...]