proposed
(Reuters) – Top executives at many U.S. companies are preparing for the impact from President-elect Donald Trump fulfilling his campaign promise of raising tariffs, a move that could disrupt supply chains and worsen inflationary pressures. Here is what major companies and C-suite executives have said on tariffs: Company Commentary Tesla…
Former President Donald Trump’s proposed tariffs would likely lead to substantial inflationary pressures and economic consequences if implemented broadly, Nomura pointed out in a note published on Monday. The firm warned that a broad-based tariff approach, such as Trump’s proposed 10% across-the-board tariffs, would be markedly more inflationary compared to…
By Mike Spector and Dietrich Knauth (Reuters) -Johnson & Johnson plans to pay an additional $1.1 billion to resolve tens of thousands of legal actions alleging its baby powder and other talc products caused cancer, two people familiar with the matter said. The increase would boost the size of the…
By Victoria Waldersee BERLIN (Reuters) – Volkswagen (ETR:) management will face a tense and fearful workforce at a meeting in its headquarters on Wednesday as it proposes painful cuts, including factory closures in Germany, to hit an ambitious profit target at its namesake brand. Chief Financial Officer Arno Antlitz and…
By Tom Sims FRANKFURT (Reuters) -Deutsche Bank has proposed a settlement to shareholders who sued Germany’s largest bank for underpaying them for the acquisition of Postbank but the offer is too low, a lawyer for the plaintiffs said on Friday. The lawyer, Jan Bayer (OTC:), rejected the bank’s proposal as…
Former President Donald Trump’s proposed trade tariffs could have significant economic implications if implemented, with the potential to alter the landscape of international trade and domestic economic dynamics. In a report released Tuesday, Wells Fargo analysts delved into these possible outcomes, examining both the immediate and long-term effects on inflation,…
By Brendan Pierson (Reuters) – A federal judge on Friday rejected a bid by a group of cancer victims to block Johnson & Johnson (NYSE:) from pursuing a proposed bankruptcy settlement of tens of thousands of lawsuits alleging the company’s baby powder and other talc products contain cancer-causing asbestos. The…
