Trump's tariffs on imported steel, aluminum and solar panels have already cost thousands of jobs in the US. His proposed 20% tariffs on imported automobiles and auto parts could lead to much higher car prices and the loss of more than 600,000 jobs. And if other nations retaliate with tariffs of their own, even more US jobs will be lost.
Trump auto tariffs may cost hundreds of thousands of US jobs
https://www.cbsnews.com/news/trump-a...s-of-u-s-jobs/
General Motors is one of many hundreds of US companies objecting to Trump's proposal to slap 20% tariffs on imported autos and auto parts. In a filing with the Department of Commerce, GM is warning of job cuts, pay reductions, lower output and much higher automobile prices.
General Motors warns Trump's tariffs may lead to 'a smaller GM' and fewer jobs
https://www.cbsnews.com/news/general...nd-fewer-jobs/
Here is today's troublesome tale about Trump's terrible tariffs: AutoWise has estimated how much prices would increase for the ten best-selling vehicles if Trump imposes 25% tariffs on imported steel and aluminum:
Toyota Corolla: $1,162
Toyota Camry: $1,762
Toyota RAV4: $3,676
Honda Civic : $947
Honda Accord : $1,178
Honda CR-V: $970
Nissan Rogue: $3,410
Fiat Chrysler Dodge Ram 1500: $1,910
Ford F150: $1,038
Ford Escape: $1.017
Here's what Trump's auto tariffs may cost you at the dealer
https://www.cbsnews.com/news/heres-w...ight-cost-you/
Michael Dell launched PC's Limited in 1984. It became Dell Computer Corporation in 1987, had an IPO in 1988 and was publicly traded until 2013. And now -- cue the dramatic music -- Dell is returning to the NYSE.
Dell stock will trade publicly again, five years after leveraged buyout
http://www.latimes.com/business/la-f...702-story.html
Parneros, who joined Barnes & Noble in April 2017, has been fired as CEO and removed from the board of directors and will not receive severance pay. The company has not explained the reason. This is a real mystery! Someone should write a book about it.
Barnes & Noble fires CEO Demos Parneros, citing violations of company policies
http://www.businessinsider.com/r-bar...arneros-2018-7
Will the Campbell Soup Company be put up for sale? Will Kraft Heinz be the buyer? I guess we can say Mm-mm-maybe, Mm-mm-maybe.
Activist investor Dan Loeb planning major shakeup at Campbell's Soup
https://nypost.com/2018/07/02/dan-lo...ampbells-soup/
The announcement of a $5-a-month price hike came soon after AT&T increased their "administrative fee" for wireless service. Guess who is paying for the AT&T-Time Warner merger -- We are.
AT&T hikes price of DirecTV Now streaming service after saying Time Warner deal would likely lower consumer costs
http://www.latimes.com/business/holl...703-story.html
So DirecTV is raising the price of its streaming service. When one domino falls, eventually every domino falls, if you get my meaning.
Netflix testing pricier new 'Ultra' streaming service at $16.99 per month
https://www.msn.com/en-us/money/comp...zVJo?ocid=AMZN
In 2010 the USPS printed three billion stamps depicting the Statue of Liberty -- or so they thought. They had actually used a photo of a Statue of Liberty replica that graces the Las Vegas strip. The sculptor was not amused. Today, however, he is happy.
Postal Service ordered to pay $3.5 million for Statue of Liberty stamp mix-up
https://www.upi.com/Top_News/US/2018...6791530820875/
After the Telecommunications Act of 1996 became law, allowing media companies to own a greater number of radio stations than before, iHeart Media, then known as Clear Channel, bought more than 70 other radio stations and broadcasting companies, including Capstar, Chancellor, Evergreen and Jacor. iHeartMedia was not "too big to fail." They filed for Chapter 11 bankruptcy in March 2018 and now iHeartMedia can be yours if the price is right.
iHeartMedia could find a buyer soon
The New York Post, Jul 5 2018 9:57 PM
Interest in the country’s largest radio company is growing. Private equity firm Silver Lake Partners has recently shown interest in buying the bankrupt iHeartMedia operation — challenging John Malone, according to two sources familiar with the situation. Silver Lake is in talks with iHeart creditors, which are in line to take over control of the company once it emerges from Chapter 11.
If Silver Lake were to make an offer for iHeart — and buy the San Antonio company — it may look to form a partnership between iHeart and arena venue manager Oak View Group. iHeart bought a stake earlier this year in Oak View, which manages the New York’s new Islanders arena and for a fee books events into Madison Square Garden, the Prudential Center and Los Angeles’ Forum.
iHeart is on pace to emerge from bankruptcy in early October, at which time it will reduce its debt from $20 billion to $10 billion and likely seek a buyer. The company has 849 radio stations across the country. Malone’s Liberty Media on June 15 withdrew its proposal to buy 40 percent of iHeart for $1.16 billion, which, when factoring in the company’s $10 billion of remaining debt, values iHeart at $12.9 billion.
https://nypost.com/2018/07/05/iheart...-a-buyer-soon/
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