Chrysler lays off 1300 at Detroit plant amid slow sedan demand
Fiat Chrysler will cut about 1,300 jobs at a Detroit area factory as it reduces Chrysler 200 midsize sedan production to shift toward crossovers and SUVs. An additional 120 layoffs occur at the Sterling Stamping plant nearby.
MENTIONED IN THIS ARTICLE
Chrysler
Fiat Chrysler Automobiles
Detroit-area
U.S
Sterling
Feds sue to block Halliburton Baker Hughes merger
The US Justice Department filed suit in Delaware to block the $34 billion Halliburton Baker Hughes merger. Antitrust chief Bill Baer said the deal would harm competition across multiple markets, while Halliburton and Baker Hughes vowed to contest the action.
MENTIONED IN THIS ARTICLE
US Justice Department
Halliburton
Baker Hughes
Houston
Antitrust
Bill Baer
Ibisworld
Loretta
Justice Department
Deutsche Bank
Mike Urban
DOJ
U.S
Baer
US District Court For
District of Delaware
Pfizer Allergan inversion deal scrapped after new rules
Pfizer and Allergan abandoned their 160 billion merger days after the government unveiled anti inversion rules. Pfizer will pay a 150 million breakup fee. Pfizer may split into two firms while Allergan remains based in Ireland with about a 14 percent tax rate. Shares rose modestly for both firms after the announcement.
MENTIONED IN THIS ARTICLE
Verizon
Awesomenesstv
Go90
Pfizer
Allergan
Obama
Trish
U.S
Ian Read
Treasurys
Brent Saunders
Wall Street
United States
Ireland
Fiduciary rules aim to put investors first in retirement advice
Labor Department unveils six year effort to force financial advisers to meet a fiduciary standard when selling investments and annuities to retirement account owners. The rules, to take effect next April, could save investors about 40 billion dollars over ten years and broaden protections for IRAs and employer plans against brokers and agents prioritizing their profits over clients. Critics warn of higher costs and fewer advisers, while proponents expect more fee based accounts and better, clearer guidance for retirement investors.
MENTIONED IN THIS ARTICLE
Labor Department
DOL
Harold Evensky
Evensky & Katz
Fordes Financial
Department of Labor
Labor
Surance
Knut Rostad
Institute For the Fiduciary Standard
Scott Garrett
R-N.j
Washington
Garrett
SEC
Congress
Also Mentioned on This Page
Moneyline
Whatsapp
Apple
FBI
WhatApp
DOW Jones Industrial
S&p
USA Today
Marketwatch.com
USA
A Bravo
Usatoday
Source Bankrate
NIDV
Edanic
M&a
Feds
Lynch
HAS
Graves
Baker Hughe
Mira Oberman
AFP/GETTY
Aaron M. Sprecher
Bloomberg
Gregory Korte
Allergan’s Saunders
Powell
Retirement Weekly
Robert Powell