US added 235000 jobs in February; unemployment rate dropped to 4.7 percent – Washington Post

The U.S. economy added 235,000 jobs in February, according to government data released Friday, surpassing economists’ expectations and probably clearing the way for the Federal Reserve to raise interest rates this month. The unemployment rate ticked down to 4.7 percent, compared with 4.8 percent in January. Wages rose by 6 cents to $26.09, after a disappointingly low 3-cent increase the […]

Volkswagen pleads guilty in US court in diesel emissions scandal – CNBC

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AIG Says CEO Hancock to Quit – Bloomberg

American International Group Inc. Chief Executive Officer Peter Hancock is stepping down after posting four losses in six quarters, results that hurt investors including activists Carl Icahn and John Paulson. Hancock, 58, will remain CEO until a successor is named, the New York-based insurer said Thursday in a statement. The company’s board said it will […]

Canada’s Hudson’s Bay makes takeover approach for Macy’s: Sources – CNBC

Cincinnati, Ohio-based Macy’s has around 900 stores in the U.S., which includes its Bloomingdale’s outlets and its flagship store in New York City’s Herald Square. Hudson’s Bay is well known for making money off its real estate assets. After buying Saks for $2.9 billion in 2013, it secured a $1.25 billion 20-year mortgage for its […]

The method to President Trump’s madness – Politico

Donald Trump’s first two weeks have been a frenetic sprint that has unsettled Washington and left a rattled world wondering what’s next. Trump’s White House chief strategist Steve Bannon is the provocateur who has engineered the historically disruptive opening gambit of executive orders, diplomatic upheaval, Twitter attacks and continuing attacks on the media. Story Continued […]

Toyota in $3.4 Billion Settlement Over Corrosion in Some Trucks and SUVs – Wall Street Journal

Toyota Motor Corp. has agreed to pay up to about $3.4 billion to settle claims that certain of its trucks and sport-utility vehicles lacked proper rust protection, leading to premature corrosion of vehicle frames. The agreement is a substantial financial setback at a time when the Japanese auto giant’s record-breaking profit streak has slowed in recent […]

Here’s Why the Qualcomm-NXP Deal Makes Sense – Fortune

Qualcomm CEO Steve Mollenkopf sat out last year’s merger mania in the semiconductor market, even as his company’s core smartphone chip business slowed. But with expectations rising for a deal this year, Mollenkopf may have hit on one of the savvier acquisitions in the industry. By adding NXP Semiconductors for a total of $47 billion […]

Orders for U.S. Capital Goods Decline by Most Since February – Bloomberg

Orders for U.S. Capital Goods Decline by Most Since February – Bloomberg

Orders for U.S. business equipment fell in September by the most in seven months, indicating corporate investment is having trouble gaining traction. Bookings for non-military capital goods excluding aircraft dropped 1.2 percent, erasing a 1.2 percent August gain that was stronger than previously reported, Commerce Department data showed Thursday. The median forecast of economists surveyed […]