General Motors will wind down its operations in Australia and New Zealand and sell its manufacturing facility in Thailand, the company announced Monday. The company expects the restructuring will cost $1.1 billion. “We are restructuring our international operations, focusing on markets where we have the right strategies to drive robust returns, and prioritizing global investments that will […]
Read MoreSeventy more people were diagnosed with coronavirus on the cruise ship quarantined in Japan, Reuters reported Sunday. The new cases bring the total number on the ship to 355, which is the most anywhere outside of China, where the virus originated, according to the newswire. The U.S. said Saturday it will send a chartered flight […]
Read MoreHappy Friday and welcome to Overnight Defense. I’m Rebecca Kheel, and here’s your nightly guide to the latest developments at the Pentagon, on Capitol Hill and beyond. CLICK HERE to subscribe to the newsletter. Programming note: Overnight Defense will be off Monday for Presidents Day. We will return Tuesday. THE TOPLINE: Lt. Col. Alexander VindmanAlexander VindmanThe Hill’s Morning […]
Read MoreWelcome to Thursday’s Overnight Health Care. The abortion debate is flaring up in Congress again, Bernie SandersBernie SandersYang: NYC should implement universal basic income Overnight Health Care: Nevada union won’t endorse before caucuses after ‘Medicaid for All’ scrap | McConnell tees up votes on two abortion bills | CDC confirms 15th US coronavirus case Trump […]
Read MoreClick:HP2202 Apple will miss its revenue projections for the second quarter of the fiscal year, blaming the coronavirus outbreak for the lower than expected profits. The company announced Monday in a letter to investors that it expects lower sales globally based on iPhone supply and Chinese demand. Originally, Apple had forecasted it would generate $63 billion to […]
Read MoreThe IRS has removed guidance from its website that said in-game virtual currency in video games such as Fortnite could be subject to a new reporting requirement on federal tax returns. IRS Chief Counsel Michael Desmond said the video game currencies should not have been included in the guidance alongside bitcoin, according to a report by Bloomberg Tax. He […]
Read MoreThe Trump administration is mulling a proposal to block General Electric (GE) jet engine sales to China, Reuters reported Saturday. The U.S. government will consider whether to stop selling GE engines to China for its first large commercial passenger jet, potentially affecting China’s ability to enter the market, people familiar with the matter told Reuters. […]
Read MoreFormer top U.S. diplomat in Ukraine Bill Taylor said in an interview Sunday that no one at the American Embassy in Kyiv gave any credence to conspiracy theories that Ukraine, and not Russia, actually interfered in the 2016 election. Taylor told CBS’s “60 Minutes” that the State Department had not directed him to investigate the rumors that […]
Read MoreHappy Thursday and welcome back to On The Money, where we would like to congratulate any devoted gamers who read this newsletter. I’m Sylvan Lane, and here’s your nightly guide to everything affecting your bills, bank account and bottom line. See something I missed? Let me know at [email protected] or tweet me @SylvanLane. And if you like your […]
Read MoreExperts and officials are raising concerns over the Nevada State Democratic Party plans to use a Google calculator uploaded to new iPads to tally results during their caucuses next week after the debacle in Iowa. The party announced Thursday that it planned to use a custom Google calculator accessed through a “secure Google web form,” […]
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