Monday 27 August 2018

Tesla wins dismissal of shareholder lawsuit over Model 3 production

Tesla wins dismissal of shareholder lawsuit over Model 3 production

A federal judge in San Francisco has dismissed a lawsuit in which Tesla Inc shareholders accused the carmaker of misleading the public about the progress on production of its Model 3 vehicle.

U.S., Mexico reach NAFTA deal, turning up pressure on Canada

The United States and Mexico agreed on Monday to overhaul the North American Free Trade Agreement (NAFTA), putting pressure on Canada to agree to new terms on auto trade and dispute settlement rules to remain part of the three-nation pact.

Factbox: Mexico-U.S. trade deal revamps NAFTA trade

The United States and Mexico agreed on Monday to a sweeping trade deal that pressures Canada to accept the new terms on autos trade, dispute settlement and agriculture to keep a trilateral North American Free Trade Agreement (NAFTA).

World stock index at highest in over five months on trade deal

An index of major world stock markets rose to its highest level in more than five months on Monday after the United States and Mexico struck an agreement that lowers trade tensions.

FCC chair says pleased report found no 'favoritism' on proposed Sinclair deal

Federal Communications Commission (FCC) Chairman Ajit Pai said on Monday he was pleased the U.S. interstate communications regulator's inspector general had concluded there was no evidence of impropriety relating to the proposed, and now defunct, merger of Sinclair Broadcast Group and Tribune Media Co .

Record highs for S&P, Nasdaq on U.S.-Mexico trade deal

A broad-based rally pushed U.S. stocks higher on Monday, with the S&P 500 and the Nasdaq closing at record highs for the second consecutive session as investor sentiment was buoyed by a trade agreement reached between the United States and Mexico.

Toyota to invest $500 million in Uber for self-driving cars

Toyota Motor Corp will invest $500 million in Uber to jointly work on developing self-driving cars, a source familiar with the matter said on Monday, a bid by both companies to catch up to rivals in the hotly competitive autonomous driving businesses.

Markets may be signaling rising recession risk: Fed study

A narrowing gap between short-term and long-term borrowing costs could be signaling heightened risk of a U.S. recession, researchers at the San Francisco Federal Reserve Bank said in a study published on Monday.

Aegon, Transamerica in $97.6 million SEC settlement for misleading investors

Four Transamerica entities will pay $97.6 million to settle U.S. Securities and Exchange Commission charges that they sold investments that were supposedly based on quantitative models but which did not work as intended, the regulator said on Monday.

U.S. government to pay $4.7 billion in tariff-related aid to farmers

The U.S. Department of Agriculture said on Monday its $12 billion farm aid package would include $4.7 billion in direct payments to farmers to help offset losses from retaliatory tariffs on American exports this season.

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