Uber CEO to Leave Trump Advisory Council After Criticism
On Thursday, Mr. Kalanick gave his answer, stepping down from Mr. Trump’s economic advisory council. “There are many ways we will continue to advocate for just change on immigration, but staying on the council was going to get in the way of that,” Mr. Kalanick wrote in an email to employees obtained by The New York Times. Mr. Kalanick’s exit from the advisory council underscores the tricky calculus facing many Silicon Valley corporate chieftains who try to work with the new administration. On o..>> view originalWhite House Stalls Obama Administration Rule on Retirement Advisers
President Trump will direct the Department of Labor to indefinitely suspend the implementation of a controversial rule enforcing fiduciary responsibilities on personal financial advisers.After a meeting Friday morning with a group of CEOs, Trump is expected to sign the presidential memorandum to stop the implementation of the so-called fiduciary rule before it is scheduled to go into effect in March. Trump will also sign an executive order requiring the Treasury Secretary and financial regulator..>> view originalNordstrom drops Ivanka Trump-branded clothing and shoes
Nordstrom will stop selling Ivanka Trump’s name-branded line of clothing and shoes, a company representative said Thursday. The change followed a weeks-long boycott campaign, organized by an anti-Trump activist group called “Grab Your Wallet.” The group demanded the department-store giant cease doing business with the president or his family. In a statement, the Nordstrom representative said that Ivanka Trump products were being dropped because of poor sales. Its statement did not mention the g..>> view originalAmazon sinks as revenue misses, guidance disappoints
That's up from the comparable year-ago figures of $1 per share on $35.75 billion in sales. The online retail technology company reported fourth-quarter earnings that beat analysts' expectations on Thursday, but revenue that fell short of estimates. It also gave future guidance that was below the average estimate. Shares dropped more than 4 percent after hours. The free-spending company has invested heavily in new projects and infrastructure to meet ballooning demand as more shoppin..>> view originalDollar recovers slightly ahead of payrolls, earnings support stocks
LONDON The dollar recovered from 12-week lows but was poised for a fourth straight weekly loss in cautious trading on Friday ahead of U.S. payrolls data while a set of healthy corporate results underpinned gains across European equity markets.Earlier in the day, an unexpected tightening of policy by China's central bank put Asian markets, already on the back foot on growing concerns about U.S. President Donald Trump's aggressive policies, under further pressure.While a set of well-received cor..>> view originalHonda Raises Operating Profit Forecast by 21% on Weaker Yen
Honda Motor Co. raised its forecast for full-year operating profit for a second time this fiscal year, citing the impact of favorable foreign exchange rates after the yen weakened with the election of U.S. President Donald Trump.Operating profit will probably rise to 785 billion yen ($6.9 billion) in the fiscal year ending in March, up from 650 billion yen it forecast in October, the Tokyo-based automaker said in a statement. That compares with the 770.4 billion yen average of 19 analysts’ esti..>> view originalSnap's IPO to Be Haunted by Twitter and GoPro
Snap Inc. has gone to great lengths to distance itself from comparisons to Twitter Inc., the last big social media public offering. In its filing for an initial share sale, the maker of the Snapchat mobile app emphasized that it measures itself by daily active users -- a metric that Twitter doesn't disclose. Snap explained that its users tell stories chronologically, unlike the Twitter timeline, which displays most recent posts first. The younger company also said it plans to focus on developed..>> view originalWhat to Expect in the Monthly Jobs Report
Photo Construction of the new Tappan Zee Bridge in Tarrytown, N.Y. Analysts expected the first month of 2017 to have better results than December, when the economy gained 156,000 jobs. Credit Fred R. Conrad for The New York Times At 8:30 a.m. Eastern time, the Labor Department will issue its report on hiring and unemployment in January.Analysts are expecting the first month of 2017 to have better results than December, when the economy gained 156,000 jobs. The consensus..>> view originalEurozone economy starts 2017 solidly, especially on jobs
German Chancellor Angela Merkel arrives for an EU summit, in Valletta, Malta, Friday, Feb. 3, 2017. (AP Photo/Gregorio Borgia) The Associated Press. By PAN PYLAS, Associated Press. LONDON (AP) — The economy of the 19 countries that use the euro got ...>> view originalGOP Campaign to Repeal Obamacare Stalls on the Details
“We have a few months, but we don’t have a lot of time,” he said.With the official end on Tuesday of what was supposed to be its final open enrollment season, the Affordable Care Act is looking more resilient than it seemed just a month ago. It will still be several days before final enrollment figures are released, and although a surge of last-minute signups failed to have materialize amid talk of repeal, early indications did not point to a collapse. Photo Marilyn Tavenner, chief executive o..>> view original
Sunday, March 5, 2017
Uber CEO to Leave Trump Advisory Council After Criticism and other top stories.
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