U.S. and Chinese negotiators are working on multiple memorandums of understanding that would form the basis of a final trade deal, according to a person briefed on the talks.
February 21, 2019Search
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Amazon to Disclose More Details on Environmental Impact
Amazon.com announced it will disclose its carbon footprint later this year, giving consumers and investors new insight into the environmental cost of its popular two-day shipping.
February 20, 2019Walmart Slips as Yet Another Overseas Obstacle Materializes
In India, an unfavorable e-commerce ruling is likely to crimp the growth for Walmart Inc. In China, the retailer says an economic slowdown has shoppers tightening their purse strings. And now in the U.K., a deal to reduce Walmart’s exposure to the slowing market there is on life support.
February 20, 2019White House Cancels $929 Million in Grants for California’s Beleaguered Rail Project
The Trump administration on Feb. 19 said it will cancel more than $900 million in federal grants earmarked for a high-speed rail project California that the state’s Democratic governor announced would be scaled back from its initial vision amid delays and cost overruns.
February 20, 2019Corn Included in Trump’s Trade Talks With China
U.S. corn sales to China have been part of the ongoing trade discussions between the nations, President Donald Trump said from the White House Oval Office on Feb. 19.
February 20, 2019FMCSA Grants Pyrotechnics Group ELD Exemption
The Federal Motor Carrier Safety Administration has granted certain members of the American Pyrotechnics Association reprieve from the electronic logging device rule.
February 19, 2019XPO’s Brad Jacobs Hits Brakes on M&As
After building a fortune and several businesses by buying company after company, XPO Logistics Inc. CEO Brad Jacobs is abandoning acquisitions, a principal reason many investors bought into the stock.
February 19, 2019XPO Denies Memphis Plant Closing Is Retaliation
XPO Logistics Inc. confirmed Feb. 14 that it will close a facility in Memphis, Tenn., where some employees have made allegations of pregnancy discrimination and sexual harassment, and the next day CEO Brad Jacobs said a customer's request prompted the decision.
February 19, 2019Amazon Ditches Plans for New York Headquarters
Amazon.com is pulling out of a plan to build a headquarters in New York City, after a backlash from some residents and politicians, the e-commerce giant said.
February 14, 2019Tesla Racing to Get Model 3s to China Before Potential Tariff Hike
Tesla Inc. is loading as many Model 3 sedans as it can onto vessels destined for the People’s Republic ahead of March 1, when a trade-war truce between presidents Donald Trump and Xi Jinping is scheduled to expire.
February 13, 2019