21st Century

California defies Trump and moves forward on emissions rules

The California Air Resources Board finalized its rules for vehicle emissions through the year 2025 on Friday. These are the same rules that the state agreed to adopt in 2012 as the Obama administration sought to create one national standard that would apply to all 50 states. California also …

Washington D.C.

One CEO Got Paid $46M in a Month, but the Rest of the Year Is a Mystery

Johnson Controls won’t say how much it paid its chief executive for 11 of the months he ran the publicly traded company last fiscal year, taking advantage of a loophole in pay-disclosure regulations.<p>Alex Molinaroli, who has been CEO of Johnson Controls since 2013 and an employee since 1983, …

Fortune 500

Analysis: How Republicans can hobble Obamacare even without repeal

| CHICAGO<p>Republicans may have failed to overthrow Obamacare this week, but there are plenty of ways they can chip away at it.<p>The Trump administration has already begun using its regulatory authority to water down less prominent aspects of the 2010 healthcare law.<p>Earlier this week, newly confirmed …

Health Care

In Conflict With Trump Agenda, California Sets Stricter Auto Emissions Standards

California put itself on a collision course with the Trump Administration as the state's clean air agency moved forward with stricter emissions requirements for trucks and cars.

Iran Slaps Sanctions on 15 U.S. Companies

DUBAI—Iran on Sunday sanctioned 15 American companies in retaliation for restrictions that the Trump administration imposed on companies and people allegedly connected with its ballistic-missile program.<p>Iran had vowed reciprocal action soon after the Trump administration’s move last month, one of …

Iran

Close Confidante Gets VW CEO In New Dieselgate Trouble

When former Porsche chief Matthias Müller took over as CEO of Volkswagen from disgraced Martin Winterkorn, the jovial Bavarian was welcomed as a new start for Volkswagen. Now, the past has caught up with him. A close confidante and engine computer specialist, supposedly dispatched by Müller to get …

Fuel Efficiency

Wilbur Ross will shepherd Trump’s trade policy: Should he also own a shipping firm?

The commerce chief invests in fleet that flies Chinese flag, and visits Iran and Russia<p>When private equity billionaire Wilbur Ross Jr. signed on to be President Donald Trump’s commerce secretary, he agreed to divest millions of dollars in assets.<p>But one asset Ross plans to keep is his stake in …

Liberal POV

Carrier deal touted by Trump unusual for Indiana

The deal brokered by President Donald Trump to stem job losses at a Carrier Corp. factory in Indianapolis is unusual for the state of Indiana as it …

Business

New cars far less fuel efficient than manufacturers claim, research finds

Australian Automobile Association finds fuel use on average 25% higher than claimed on consumption label displayed on new cars<p>New cars are using vastly more fuel on the road than in laboratory tests, raising further questions about the veracity of car manufacturers’ claims in the wake of the …

Fuel Efficiency

How Eskom lavished its boss's daughter with R1bn in contracts

Koketso Choma, 26, who graduated just three years ago, was appointed a director at Impulse International last April.<p>Over the next 11 months, the …

News (South Africa)

House Ways and Means Chairman aims to move tax bill through committee in spring

WASHINGTON (Reuters) - U.S. House of Representative Ways and Means Committee Chairman Kevin Brady said he aims to move a tax reform bill through his committee this spring.<p>Brady told Fox News's "Sunday Morning Futures with Maria Bartiromo" that his committee had been working on tax reform in …

Politics

Toshiba's Westinghouse may file bankruptcy Tuesday, seeks Kepco aid: Nikkei

TOKYO (Reuters) - Westinghouse Electric Co, the U.S. nuclear unit of Japan's Toshiba Corp (6502.T), could file for bankruptcy protection as early as Tuesday and is seeking support from South Korea's Korea Electric Power Corp (015760.KS), the Nikkei said on Monday.<p>A Chapter 11 filing could help …

Toshiba

Foreign Robots Invade American Factory Floors

Vickers Engineering Inc. embodies the potential of American manufacturing. The New Troy, Mich., machining company supplies precision parts to clients including Toyota Motor Corp. and Volkswagen AG, and exports to Mexico and Canada. Its staff has risen fivefold and average pay has doubled over the …

Manufacturing

Twilight Zone Awaits EU’s Vestager on Trip to Trump’s America - Bloomberg

Margrethe Vestager, the European Union’s antitrust czar, makes her first visit to President Donald Trump’s America next week, amid criticism she’s …

European Union

HCL Tech wants to 'amicably resolve' MillerCoors' $100 million suit over software project delay

Indian IT major HCL Technologies today said its client MillerCoors has filed a lawsuit in the US against the company alleging that it did not deliver …

Patents, Drugs and Overseas Price Arbitrage

It is nice to see Daniel Hemel and Lisa Larrimore Ouellette, professors at elite law schools, care so much about what the Impression Products Inc. v. Lexmark International decision may do to consumers of pharmaceutical products sold in less-developed countries (“How ‘Price Discrimination’ Helps …

Opinion

Brussels close to approving Dow-Dupont tie-up

Busy week for antitrust authorities as Deutsche Börse-LSE deal expected to be blocked

How corruption is fueling climate change

Corruption ensures that moneyed and powerful interests are free from rules that hold them in check, and explains why governments have so far fallen …

Climate Change

Analysis: Uber reviews India leasing scheme as driver incomes drop - sources

| NEW DELHI<p>Global ride-hailing firm Uber Technologies is rethinking its car leasing strategy in India, its second-biggest market, as drivers have returned dozens of leased cars early after the company cut incentives, people familiar with the matter told Reuters.<p>Uber had planned to buy 15,000 new …

Uber

Trump's 'big, beautiful' border wall faces many roadblocks

WASHINGTON -- U.S. President Donald Trump has now laid out exactly what he wants in the "big, beautiful wall" that he's promised to build on the …

Canadian News

Eskom board's reluctance to release Dentons report exposed - DA

Lizeka Tandwa, News24<p>Johannesburg - The DA believes that the latest Eskom expose could be one of the reasons why its board has been reluctant to …

News (South Africa)

U.S. Republican Meadows - Tax plan does not have to be revenue neutral

U.S. Representative Mark Meadows, chairman of the conservative House Freedom Caucus, said on Sunday there is a possibility that his group could support a tax reform plan that is not revenue neutral.<p>"Does it have to be, what they would say, revenue neutral? Or do you have to have an offset like with …

Tax Reform

Montreal police chief submits plan for overhaul following scandals

Details are scarce, but mayor says it will address the culture of infighting<p>Montreal's police chief has drawn up a plan to overhaul the "culture" of …

Canada

Can suspend auto exchange if confidentiality breached: Swiss

As India and other countries await an automatic exchange of information from next year about suspected black money hoarders in Swiss banks, …

Banking

Will Trump put the brakes on fuel standards?

<i>The smartest insight and analysis, from all perspectives, rounded up from around the web:</i><p>President Trump is granting automakers "their top wish," …

Clean Air Act

Obama’s fiduciary rule is a disaster, warns former SEC regulator

Norm Champ, the former head of the investment division at the US financial regulator, is an outspoken supporter of Donald Trump. He makes no secret …

Banking

CPA's Alex Malley's confidential Macquarie Uni exit

CPA Australia chief executive Alex Malley left Macquarie University in 2006 under a confidential settlement after the accounting lecturer was accused …

Australian Universities

Eskom boss blames board for B2B fiasco

Eskom’s acting CEO, Matshela Koko, says he is not responsible for R310.8 million in irregular expenditure that was incurred by the power utility on …

Business (South Africa)

Hollywood Fires Back at Netflix: New Films on Demand, Sooner

Hollywood studios are preparing to upend decades of tradition by releasing movies at home less than 45 days after they debut on the big screen, according to people with knowledge of their plans, a goal they have pursued unsuccessfully for years.<p>The studios and theater owners have long been at …

Movies

German firms doubt good business conditions will last - Ifo chief

Many German companies doubt the good conditions in Europe's largest economy will last as they fear disruption from new technologies, the head of the Munich-based Ifo economic institute told the Suedkurier newspaper.<p>German business morale was buoyant in February, Ifo's survey of business sentiment …

Euro