Inflation modest in February while Takata recall widens
U S consumer prices rose 0.2 percent in February led by gasoline and housing costs while autos and clothing dipped. The CPI up 1.5 percent from a year earlier and wage growth adjusted for inflation is 1.9 percent over the past year, signaling stronger real income. Takata inflators trigger a 1.2 million vehicle recall across Honda and Acura models in the U S and Canada due to air bag failures. NHTSA cautions some replacements remain safe and urges owners to check recalls via the VIN. Ned Sharpless to oversee FDA temporarily as Scott Gottlieb resigns. HHS says search for new commissioner ongoing.
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Washington
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Scott Gottlieb
Sharpless
National Institutes of Health
Cancer Division
Gottlieb
Health and Human Services
Alex Azar
FDA
Trudeau saves SNC Lavalin amid bribery scandals and job stakes
The Trudeau government bears political risk to aid SNC Lavalin as the Montreal based firm faces Libya bribery charges, profit warnings from Chile and Saudi Arabia, and a near half drop in value. SNC employs about 52,000 globally with 9,000 in Canada. Canada accounts for under 30 percent of revenue. The firm has a C$15 billion order book, C$10 billion annual revenue, and C$2.3 billion debt. The prime minister cites jobs and national interest as reasons to intervene.
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SNC -Lavalin Group
Libya
Chile
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SNC
Trudeau
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Quebec
la Presse
Montreal
Canada
Wilson-Raybould
Nortel Networks Corp
BlackBerry Ltd
Barrick Gold Corp
South Africa
Ottawa
Middle East
US stocks rise on tech help as Britain faces Brexit chaos
Technology and health care shares led gains while the Nasdaq rose as investors welcomed evidence inflation remains in check. The S&P 500 advanced to 2791.52, Nasdaq climbed to 7591.03, and the Dow slipped to 25554.66 as Boeing weighed the Dow amid safety concerns after a deadly crash. Major European indexes moved higher ahead of Britain’s Brexit vote.
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Lindsey Bell
CFRA
Britain
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Sued Itions Is Real
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