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Lawrence Journal World in Lawrence, Kansas

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Newspaper

Lawrence Journal World

Location

Lawrence, Kansas, United States of America

Date

Jun 27, 2018

Page

9

Businesses Ask Congress to Limit Tariffs by Trump

A broad coalition of 51 trade groups joining the U S Chamber of Commerce and 222 state and local chambers urges Congress to curb President Trump from unilaterally imposing tariffs on steel and aluminum. The Corker bill would require congressional approval for tariffs tied to national security. The letter highlights potential retaliation from major partners and cites 1962 authority delegation. Signatories include the National Retail Federation Alliance of Automobile Manufacturers American Apparel Footwear Association and the Computer and Communications Industry Association.

U.S Congress Donald Trump Trump Corker United States U.S. Senate National Retail Federation Alliance of Automobile Manufacturers American Apparel & Footwear Association The Computer and Communications Industry Association

GE shifts focus to aviation and renewables amid spin offs

GE plans to spin off GE Healthcare and exit Baker Hughes oil services, move toward aviation, power, and renewable energy. A smaller corporate HQ is planned with 12 to 18 months for Healthcare structure. CEO John Flannery seeks debt cuts and $500 million in cost reductions.

General Electric GE Healthcare Baker Hughes Connecticut Boston GE Capital Wabtec John Flannery Flannery

GE Removed From Dow As Walgreens Replaces It

GE underperformed the market, down about 55 percent in a year while the S&P 500 rose 13 percent, highlighting its reduced relevance as a Dow component. Walgreens Boots Alliance replaces GE, with a higher price aiding its index influence. Dow close cited as 1,668.53 and YTD gain 8.7 percent.

General Electric U.S Dow Boeing Walgreens Boots Alliance Technolog Energ iShs Emerg Mkts EEM Spdrs&p500 Etftr Spy Spdr Financial Xlf LP Uso iShs China iShares Eafe Etf Spdr S&p O&g Vane Wecteld Miners Bankrate.com Commodities Commo Ies Frankfurt Hong Kong Japan London Mexico City Morningstar Dow Jones The Associated Press

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