Business

Feds Indict Six Volkswagen Executives In Emissions Fraud Scandal As Company Agrees To Pay $4.3B Fine

So much for “clean diesel.” NBC News reports: Volkswagen will pay a $4.3 billion penalty for diesel emissions rigging, the U.S. Justice Department and several other federal agencies announced on Wednesday. As a result of the criminal investigation into the diesel scandal, regulators also revealed that six executives have been indicted on charges ranging from wire fraud to conspiracy to ...

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Fiat Chrysler: No, Donald Trump, You Had Nothing To Do With Our Long-Planned Billion-Dollar Expansion

Think Progress reports: On Sunday, FCA US, the parent company of Fiat and Chrysler, announced that it will spend $1 billion to expand plants in Michigan and Ohio and create 2,000 more jobs in the U.S. The move, as the company made clear in its press release, is simply the next phase in an expansion plan it announced last year ...

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Obama’s Final Jobs Report: 75th Month Of Growth

The Washington Post reports: The U.S. economy added 156,000 new jobs in December, according to government data issued Friday. The final issued by the Labor Department during President Obama’s administration showed the unemployment rate at 4.7 percent, slightly up from 4.6 percent the previous month. Economists surveyed by Bloomberg had expected American companies to add 180,000 jobs in the month. ...

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New App Alerts Stockholders To Trump’s Tweets

From the makers of the smartphone app Trigger: We are excited to announce the release of our latest trigger type: Trump Triggers! This trigger gives you the ability to trade stocks based off of Trump’s tweets about public companies. This one-of-a-kind trigger notifies you when President-Elect Trump tweets about a publicly traded stock that you own in real time. These ...

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WND: Trump Got The Last Laugh Against Macy’s

You knew this was coming. Via World Net Daily: In the battle of Macy’s vs. Donald Trump, it appears the clear loser continues to be Macy’s. On Wednesday, the retailer announced disappointing holiday sales, prompting its stock to drop more than 9 percent. The company also released the locations of 68 of the 100 stores it plans to close, with ...

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Macy’s To Close 68 Stores, Cut 6200 Jobs

USA Today reports: After seeing sales drop during the holidays, Macy’s said Wednesday it has either closed or will shutter 68 stores and cut an additional 6,200 positions at a time when shoppers are going online to buy everything from scarves to lipstick. Of the 68 stores out of 730 in total, nine closings had been previously announced and three ...

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GM Fires Back At Trump’s “Big Border Tax” Threat

CNBC reports: General Motors disputed the facts in Donald Trump’s Tuesday morning attack on the automaker, saying it makes most of its Chevy Cruze models in the United States. The company said in a statement that “all Chevrolet Cruze sedans sold in the U.S.” are made at an assembly plant in Lordstown, Ohio. It clarified that it builds hatchback models ...

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Trump Threatens General Motors With “Big Border Tax”

Politico reports: General Motors is the latest target of President-elect Donald Trump’s Twitter cannon, with the Manhattan billionaire complaining that the American automaker is manufacturing cars in Mexico and importing them into the U.S. without penalty. “General Motors is sending Mexican made model of Chevy Cruze to U.S. car dealers-tax free across border. Make in U.S.A. or pay big border ...

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LIES UPON LIES UPON LIES: Trump Takes Credit For 5000 Sprint Jobs Which Were Announced Back In April

Salon reports: Donald Trump is taking credit for a jobs deal that he objectively had nothing to do with. The president-elect bragged on Wednesday about brokering a deal in which Sprint will bring 5,000 jobs to the United States and another company, OneWeb, will bring 3,000 jobs into this country. This is consistent with a theme that Trump has been ...

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The Super-Rich Got Super-Richer In 2016

Bloomberg reports: In a year when populist voters reshaped power and politics across Europe and the U.S., the world’s wealthiest people are ending 2016 with $237 billion more than they had at the start. Triggered by disappointing economic data from China at the beginning, the U.K.’s vote to leave the European Union in the middle and the election of billionaire ...

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Cinnabon Blasted For Carrie Fisher Tweet

Via Raw Story: As news of Carrie Fisher’s death at the age of 60 permeated social media Tuesday, fans of the “Star Wars” actress took to Twitter to mourn the tragic loss of an unparalleled heroine. But while users reminisced over Fisher’s incredible talent, wit and spirit, a certain mall-and-airport-based sticky bun brand opted to send off a rather tasteless ...

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NEW CONFEDERACY: NAACP Calls For Nationwide Boycott Of North Carolina After Failure To Repeal HB2

Raleigh’s NBC affiliate reports: The executive committee of the state NAACP will ask the national leaders of the civil rights group for a nationwide economic boycott of North Carolina to protest the actions of the General Assembly, state NAACP President Rev. William Barber said Thursday. “This legislature is trying to raise a new Confederacy in policy,” Barber said at a ...

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Trump Team Floats Trade Tariffs

CNN reports: The Trump transition team is floating the possibility of an early executive action to impose tariffs on foreign imports, according to multiple sources. Such a move would deliver on President-elect Donald Trump’s “America First” campaign theme. But it’s causing alarm among business interests and the pro-trade Republican establishment. The Trump transition team didn’t immediately respond to a request ...

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NORTHERN IRELAND: Anti-Gay Christian Bakers Lose Bid To Take Appeal To Supreme Court

The Guardian reports: Northern Ireland’s attorney general cannot refer back to the supreme court the case of a local bakery fined for refusing to bake a gay-themed cake. John Larkin QC’s legal bid to get the supreme court to review court rulings against Ashers Bakery was deemed to have come in too late, Northern Ireland’s lord chief justice said on ...

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Brutal Review From Luxury Travel Group Rates Trump’s DC Hotel As Third-Worst New Hotel In The World

The Washingtonian reports: Before the Trump International Hotel opened, Donald Trump liked to brag that the business he and his family built inside the Old Post Office would be “one of the great hotels of the world.” But according to a year-end list of new luxury hotels from a travel group that specializes in high-end accommodations, it’s one of the ...

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Strong Economy Spurs Fed To Hike Interest Rates

Reuters reports: The U.S. Federal Reserve raised interest rates by a quarter point on Wednesday and signaled a faster pace of increases in 2017 as the Trump administration takes over with promises to boost growth through tax cuts, spending and deregulation. The rate increase, regarded as a virtual certainty by financial markets in the wake of a string of generally ...

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Democrats: Trump Must Sell His New DC Hotel

The Hill reports: President-elect Donald Trump will be in breach of contract with the General Services Administration (GSA) over his Washington, D.C. hotel when he takes office, according to a letter sent to the agency by Democratic lawmakers. The letter was sent to the GSA by Reps. Elijah Cummings (D-Md.), Peter DeFazio (D-Ore.), Gerry Connolly (D-Va.) and Andre Carson (D-Ind.). ...

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Bill Gates Meets Trump, Compares Him To JFK [VIDEO]

CNBC reports: President-elect Donald Trump has an opportunity to establish “American leadership through innovation,” Bill Gates told CNBC on Tuesday. “A lot of his message has been about … where he sees things not as good as he’d like,” the billionaire Microsoft co-founder said on “Squawk Box.” “But in the same way President Kennedy talked about the space mission and ...

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VIRAL VIDEO: Amazon Debuts Grocery Store Concept

Five million views since yesterday. US Weekly reports: Taking grab-and-go to the next level. Amazon just opened a state-of-the art grocery store called Amazon Go in downtown Seattle that lets customers shop without ever waiting in line or going through a checkout process. In a video introducing the concept Monday, December 5, the e-commerce company refers to it as “just-walk-out ...

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Christian Site Gasps In Horror After Walmart Gets 100% Score In Human Rights Campaign Equality Index

From the oh-so-very anti-LGBT LifeSiteNews: For the first time ever, Walmart has scored a “perfect” 100 percent ranking on a leading homosexual lobby group’s “corporate scorecard,” meaning that to keep its score the retail giant will now cover transsexual employees’ “sex reassignment surgeries” as part of its healthcare coverage. The decidedly anti-social-conservative “Corporate Equality Index” (CEI) is produced by Human ...

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