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1 dead, gunman arrested after Los Angeles hostage standoff

CNBC Business - Sun, 07/22/2018 - 04:02
A woman was shot and killed when a gunman ran into a busy Los Angeles supermarket where he held dozens of people hostage for about three hours Saturday before handcuffing himself and surrendering to police.

Japan official urges caution over Trump's complaint on strong dollar

CNBC Business - Sun, 07/22/2018 - 03:44
Japan should be careful about recent remarks by U.S. President Donald Trump on currencies and might need to convince Washington its monetary easing is not aimed at weakening the yen but beating deflation, a finance ministry official said on Saturday.

Japan official urges caution over Trump's complaint on strong dollar

Reuters Business News - Sun, 07/22/2018 - 02:36
Japan should be careful about recent remarks by U.S. President Donald Trump on currencies and might need to convince Washington its monetary easing is not aimed at weakening the yen but beating deflation, a finance ministry official said on Saturday.

U.S. courts allies with free trade offers at G20, France resists

Reuters Business News - Sun, 07/22/2018 - 02:36
The United States sought to woo Europe and Japan with free trade deals on Saturday to gain leverage in an escalating tariff war with China but its overtures faced stiff resistance from France at a G20 finance ministers meeting dominated by trade tensions.

Uber suspends St. Louis driver who broadcast passengers on Twitch live stream

CNBC Business - Sun, 07/22/2018 - 01:54
A ride-sharing driver in St. Louis who reportedly live streams his passengers has been suspended by Uber and Lyft for violating guidelines.

Fiat Chrysler names Jeep boss to replace stricken CEO Marchionne

Reuters Business News - Sun, 07/22/2018 - 00:57
Fiat Chrysler named on Saturday its Jeep division boss Mike Manley to take over immediately from Chief Executive Sergio Marchionne, who is seriously ill after suffering major complications following surgery.

Japan official: need to be careful about Trump's FX remark

Reuters Business News - Sun, 07/22/2018 - 00:53
Japan should be careful about recent remarks by U.S. President Donald Trump on currencies and it might need to convince Washington that its monetary easing is not aimed at weakening the yen but beating deflation, a finance ministry official said.

Factbox: The executives replacing Marchionne at FCA, Ferrari, CNH

Reuters Business News - Sat, 07/21/2018 - 23:58
Fiat Chrysler (FCA) said on Saturday that boss Sergio Marchionne, 66, would not be returning to work because he was gravely ill.

Illness ends career of Sergio Marchionne, the CEO who liked to fix things

Reuters Business News - Sat, 07/21/2018 - 23:58
Sergio Marchionne bowed out on Saturday as one of the auto industry's most demanding and tenacious chief executives, his health in crisis after a career in which he rescued Fiat and Chrysler, two of its most storied brands.

New Fiat Chrysler boss transformed Jeep brand as company focuses on SUVs

Reuters Business News - Sat, 07/21/2018 - 23:23
Fiat Chrysler Automobiles NV's new chief executive Mike Manley, who has overseen the effort to turn Jeep into a global brand, now plans to carry out the parent company's strategy unveiled last month, the company said Saturday.

German industry groups warn U.S. on tariffs ahead of EU-U.S. meeting

Reuters Business News - Sat, 07/21/2018 - 22:16
German industry groups warned on Sunday, ahead of a meeting between European Commission President Jean-Claude Juncker and U.S. President Donald Trump, that tariffs the United States has recently imposed or threatened risk harming the U.S. itself.

Sergio Marchionne stepping down as CEO of Fiat Chrysler

CNN Money - Sat, 07/21/2018 - 21:58
Replacing him will be the be the former boss of FCA's Ram and Jeep brands, Mike Manley.

Dan Coats says his response to planned Trump-Putin meeting meant no disrespect

CNBC Business - Sat, 07/21/2018 - 21:55
Dan Coats downplayed an 'awkward' exchange earlier this week that suggested he was uncomfortable with a planned summit in Washington between President Donald Trump and Russian President Vladimir Putin.

Wall Street letting fear overtake rational investing, Zachary Karabell says

CNBC Business - Sat, 07/21/2018 - 21:00
River Twice Capital’s Zachary Karabell suggests Wall Street is foolishly undervaluing strong earnings and economic fundamentals.

Matcha purveyor “MatchaBar”closes $8M round of funding, launches energy drink

CNBC Business - Sat, 07/21/2018 - 21:00
MatchaBar is a Brooklyn based matcha cafe launched by brothers Graham and Max Fortgang in 2014. The cafe bottles the drink in ready-to-drink bottles while still using a ceremonial grade tea sourced from a family farm in Nishio, Japan. This week MatchaBar closed an $8 million series A round of funding led by NFL MVP Von Miller and DJ Diplo as well as launched an energy drink, "Hustle".

Airbus CEO says eyes merger of its, BAE's jet fighter units: Sunday Times

Reuters Business News - Sat, 07/21/2018 - 20:55
The chief executive of Airbus said he was open to a merger of his firm's jet fighter business with that of BAE Systems , the Sunday Times reported.

Tesla's cranking out Model 3's, but it may face headwinds of lower demand

CNBC Business - Sat, 07/21/2018 - 19:44
A closer look at Elon Musk's recent comments raise a reason for concern: The prospect that new orders may not be keeping up with Tesla's long-awaited production ramp-up.

Here's how much it would cost to live in your favorite superhero's hideout

CNBC Business - Sat, 07/21/2018 - 19:00
The lairs of superheroes like 'The Avengers' or 'Batman' can be found outside of movie theaters and comic books.

Trump team waived 'privilege' to release Michael Cohen's tape: Source

CNBC Business - Sat, 07/21/2018 - 18:53
Trump's own legal team decided to release a tape of Trump and Michael Cohen discussing a possible payment to a Playboy model, which had been deemed "privileged" in a federal court, a source with knowledge told CNBC.

Mnuchin 'very hopeful' on trade talks with EU, Japan

CNN Money - Sat, 07/21/2018 - 18:17
Treasury Secretary Steven Mnuchin is "very hopeful" the US can make progress brokering separate free trade deals with the European Union and Japan during a weekend summit in Buenos Aires.

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