GM Justice near deal on ignition switch settlement
GM nearing a settlement to resolve a federal criminal probe into its handling of the ignition switch defect blamed for over 120 deaths and massive recalls. The deal, likely including a wire fraud charge, could be disclosed soon and would cap penalties below Toyota’s prior $1.2 billion resolve.
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General Motors
Toyota
Wall Street Journal
Ken Feinberg
US Justice Department
Mary Barra
Inflation slows as gas prices drag CPI down in August
Inflation eased in August with the consumer price index dropping 0.1 percent, matching economists’ expectations. Over the past year prices rose only 0.2 percent. Gasoline fell sharply, down 4.1 percent, helping delay possible Federal Reserve rate hikes.
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Federal Reserve
Labor Department
Icahn rules out being Trump's Treasury secretary
Carl Icahn says he has his day job and will not serve as Treasury secretary despite a statement that suggested otherwise. He plans a separate presentation in weeks outlining concerns on stock markets and government issues. The Washington Post offers Prime members a lower digital edition price, leveraging Bezos ownership to expand readership.
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Icahn
Trump
Treasury
Carl Icahn
Donald Trump
the Treasury
Washington Post
The
Jeff Bezos
Amazon Prime
Bezos
Amazon
USA Snapshots on CD Yields and Rates Outlook
Bankrate data cited by USA Today notes average certificate of deposit yields and broader interest-rate trends. Editorially, figures and commentary reflect market shifts and consumer rate expectations across banks and time horizons.
AB InBev eyes SABMiller takeover to rival giants
AB InBev disclosed approaching SABMiller about a $245 billion merger creating the world’s largest beer company. The potential deal would combine Budweiser and Corona with Miller and Peroni, facing antitrust scrutiny while boosting AB InBev’s Africa footprint amid a flat US beer market and rising craft beer.
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King of Beers
Anheuser-Busch InBev
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Corona
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Peroni
U.S
Technomic Inc
Africa
SAB
Jonny Forsyth
Mintel
MillerCoors
Smith & Forge
Schmidt
Heineken
Brazil
AmBev
Belgium
Interbrew
Anheuser-Busch
Leuven
Grupo Modelo
Combined beer giants could dominate market in merger boom
The proposed deal would unite eight of the top ten beer brands, pushing industry toward dominance and prompting concerns over a potential 70 percent U.S. market share. Analysts note mainstream brands struggle while craft beer gains share. past M A activity includes AB InBev buys Modelo and SABMiller talks.
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U.S
Yellen's postmeet press will shape Fed rate decision
Wall Street awaits whether the Fed will hike for the first time since 2006 as markets focus on Janet Yellen's postmeeting remarks. Analysts say communications after the decision will guide expectations, with investors watching for the pace and trajectory of future rate rises amid global headwinds.
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China
Yellen
Jack Ablin
BMO
USA Today
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Jim Sergent
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Inberg
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