News

Business

General Electric continues transformation; $11B rail deal

GE Wabtec

NEW YORK (AP) — General Electric will tie its train engine division to the railroad equipment maker Wabtec in deal worth about $11 billion as GE CEO John Flannery continues to break off parts of the conglomerate. Wabtec CEO Raymond Betler will lead the combined company and its chairman, Albert...


Government

US demands wholesale changes in Iran policies post-nuke deal

US Iran

WASHINGTON (AP) — The Trump administration on Monday demanded that Iran make wholesale changes in its military and regional policies or face “the strongest sanctions in history,” as it sought to turn up heat on Tehran after President Donald Trump’s decision to withdraw from a landmark nuclear deal....


Business

BP sees legal jeopardy in activists' push for climate action

(c) 2018, Bloomberg. After paying more than $65 billion in legal costs for the Deepwater Horizon catastrophe, BP is wary of the risk of lawsuits related to climate change. Chief Executive Officer Bob Dudley raised the topic of class-action lawsuits twice during the company’s annual general meeting...


Business

Consumer Reports: Tesla's Model 3 has 'big flaws'

(c) 2018, The Washington Post. For much of the past year, Tesla’s Model 3 has been the darling of auto reviewers everywhere, with some comparing the mass market sedan to the iPhone and labeling it one of the greatest tech products ever created. This week, Tesla’s string of good reviews came to a...


Business

Fifth Third slumps after $4.7 billion deal for MB Financial

(c) 2018, Bloomberg. Fifth Third Bancorp slumped the most in almost two years on concern it’s overpaying to improve its standing in the Chicago area with a $4.7 billion purchase of MB Financial Inc. Cincinnati, Ohio-based Fifth Third fell 7.8 percent in New York trading after announcing the size of...


Business

Southwest's $49 fares signal summer bargains despite pricier oil

(c) 2018, Bloomberg. The price of jet fuel is surging, but so far the airline industry has been so competitive that carriers haven’t been able to pass on much of the cost to consumers. That means investors are bracing for lower profit margins as travelers take advantage of cheap flights. An...


Business

From airlines to pizza parlors, EU businesses adopt data law

Britain Europe Data Privacy Small Biz

LONDON (AP) — Lisa Meyer’s hair salon is a cozy place where her mother serves homemade macaroons, children climb on chairs and customers chat above the whirr of hairdryers. Most of the time Meyer is focused on hairstyles, color trends and keeping up with appointments. But now she’s worried about...


Environment

Utah a haven for a dazzling variety of birds, even in the backyard

BB 052018 bird watching024-23

For 20 years, bird lovers from all corners have flocked to Northern Utah for the Great Salt Lake Bird Festival. And for 20 years, Arnold Smith has shown visitors the bounty of birds that live beyond the lake — over the Wasatch Mountains, high in Morgan County.


Business

McDonald's workers block headquarters and chant, 'We can see your greedy side'

(c) 2018, The Washington Post. About 150 cooks and cashiers blocked the entrance Monday to McDonald’s headquarters in Chicago, protesting what they call unfairly low pay at one of the world’s largest fast-food chains. “McDonald’s, McDonald’s - you can’t hide,” they chanted. “We can see your greedy...


Business

Mnuchin urges antitrust probe of tech after Google report

(c) 2018, Bloomberg. Treasury Secretary Steven Mnuchin urged the Justice Department to review the power that large technology firms such as Google have over the American economy, the latest U.S. official to back antitrust scrutiny of the industry. A “60 Minutes” segment on Sunday devoted to...


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