FBI expands probe into UAW auto executives at GM Ford FCA
The FBI probe into stolen UAW training funds widens to General Motors and Ford alongside Fiat Chrysler. Charges target FCA and UAW officials for siphoning millions from a training center to buy luxury cars and pens. GM and Ford say they cooperate as the investigation examines their training centers and executives. Joe Ashton and Cindy Estrada, both tied to GM, are named by the Detroit News as latest targets.
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UAW
General Motors
Ford
Fiat Chrysler Automobile
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Monica Morgan
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Kelli Felker
Ford National
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Eastern District of Michigan
U.S. Attorney’s Office
Uawgm Center For Human Resources
Detroit News
Joe Ashton
Cindy Estrada
Ashton
Tax credit cut would hit Tesla and EV push
Republicans propose eliminating the $7,500 federal tax credit for electric cars starting 2018, threatening Tesla's Model 3 ramp amid broader auto industry shifts. Tesla shares fell 6.8 percent. GM and Nissan would also feel the impact as global moves toward all electric vehicles continue.
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Tesla
Donald Trump
Elon Musk
Musk
Trump
General Motors
Nissan
Markets Mixed as Tax Plan and Powell Move Shape Day
U S stocks closed mixed as House Republicans push a 20 percent corporate tax rate and Jerome Powell emerged as the Fed chair pick. Major indices fluctuated with gains for the Dow and S P 500 while the Nasdaq slipped and small caps rose.
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Donald Trump
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Jerome “Jay” Powell
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Mona Mahajan
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Janet Yellen
Standard & Poor
Starbucks to Sell Tazo Brand to Unilever and Launch Chase Card
Starbucks says Unilever will pay 384 million for Tazo with completion next year. The move aligns with a shift toward Teavana and a Starbucks branded card with Chase launching this winter. Revenue growth at stores worldwide slowed in the fourth quarter and shares fell in after hours.
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Judge Denies Real Time Transcripts for Pilot Flying J Case
U S District Judge Curtis Collier ruled that Pilot Flying J cannot receive real time court transcripts as the company is not a party in the fraud case involving four ex executive at the Haslam family chain. Pilot had argued it has a substantial interest though. The trial for the ex executives is set to begin soon in Chattanooga Tennessee.
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Cleveland Browns
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Tennessee
Bill Haslam
U.S
Curtis Collier
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Pilot
Aubrey Harwell
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Taylor Energy seeks more time in Gulf oil leak settlement talks
Taylor Energy Co and U S officials ask U S Court of Federal Claims for extended negotiations on a potential settlement. The case involves a 2004 leak off Louisiana linked to a Taylor platform toppled by Hurricane Ivan and a disputed 2008 trust of about 666 million dollars. Regulators warn the leak could persist for a century if unresolved.
MENTIONED IN THIS ARTICLE
U.S. Court of Federal Claims
Nancy Firestone
Justice Department
Taylor Energy
Louisiana
Ivan
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Apple Inc
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