Trump visited this Boeing factory to celebrate jobs. It just announced layoffs – Washington Post

Five months ago at a Boeing factory in South Carolina, President Trump proclaimed, “We are going to fight for every last American job.” On Thursday, workers at the North Charleston plant learned they’d soon face layoffs. The airplane manufacturer announced it would be cutting “fewer than 200 people” at the 787 Dreamliner campus and other [...]

Morning Agenda: Banks Clear First Hurdle in Stress Tests – New York Times

Banking industry groups seized upon the results as proof that it was time to ease up on testing. The Fed tests were overseen by Jerome H. Powell, a former private equity executive, who said on Thursday that the Fed should consider phasing out the qualitative portion of the test, which measures matters like internal controls. [...]

State-owned Qatar Airways seeks 10 pct stake in American – ABC News

State-owned Qatar Airways is attempting to buy a 10 percent stake in American Airlines, triggering U.S. antitrust oversight of deals that size. American said in a regulatory filing Thursday that the bid was unsolicited, but that the CEOs of both airlines have spoken. Qatar submitted a filing under the Hart-Scott-Rodino Act, which is subject to [...]

Foxconn Is Scouting Locations for Its Planned $10 Billion US Display Factory – Fortune

Foxconn, the world’s largest contract electronics maker and a major Apple (aapl) supplier, plans to invest more than $10 billion in a display-making factory in the United States and will decide on the location of the plant next month. The Taiwan-based firm has been eyeing U.S. investments for some time and its CEO, Terry Gou, [...]

Uber Founder Travis Kalanick Resigns as CEO – New York Times

“I love Uber more than anything in the world and at this difficult moment in my personal life I have accepted the investors request to step aside so that Uber can go back to building rather than be distracted with another fight,” Mr. Kalanick said in a statement. How Uber’s Brash Approach Is Beginning to [...]

Whole Foods’ CEO described his deal with Amazon as a ‘dream come true’ but investors want more – Business Insider

Amazon offered $13.7 billion for Whole Foods. Investors think it’s worth a whole lot more.Mario Anzuoni/Reuters When Whole Foods and Amazon announced their $13.7 billion merger Friday, John Mackey, CEO of Whole Foods, could barely contain his enthusiasm. In a town hall with employees, he gushed about about the impending “marriage”— a metaphor he revisited [...]

Britain charges Barclays, ex-bosses over "unlawful" Qatari deal – Reuters

LONDON Barclays (BARC.L) and four former top executives were charged with fraud on Tuesday over undisclosed payments to Qatari investors as part of a 12 billion pound ($15 billion) emergency fundraising during the financial crisis in 2008. Britain’s Serious Fraud Office (SFO) charged Barclays Plc, former chief executive John Varley, Roger Jenkins, Tom Kalaris and [...]

Boeing’s iconic 747 vanishes in new view of passenger flight – Chicago Tribune

Boeing sees the future, and it doesn’t include jumbo passenger jets. Not its own iconic 747. Not the Airbus A380. The U.S. planemaker has dropped the category reserved for four-engine behemoths from its annual forecast for the commercial-aircraft market. Instead, Boeing predicts that airlines will use more efficient twin-engine jets for long-range flights — like [...]

Amazon to Buy Whole Foods for $13.4 Billion – New York Times

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Apple Hires Top Sony Executives to Expand TV Programming – Nasdaq

Apple Inc. AAPL announced on Friday that it hired co-presidents of Sony Pictures Television, Jamie Erlicht and Zack Van Amburg, to jump-start its expansion into original television programming. Erlicht and Van Amburg will be joining Apple in newly created positions responsible for all new video programming. They have been Sony Pictures Television presidents since [...]

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