US court fines UPS $247 million over illegal cigarette shipments
A federal judge ordered United Parcel Service Inc to pay nearly $247 million in damages and penalties for "illegally shipping" large volumes of untaxed cigarettes in New York state and City, a court filing showed on Thursday. UPS said it was extremely disappointed with the court's ruling and would appeal the decision. "The court's monetary award is excessive and far out of the bounds of constitutional limits, particularly given that the shipments at issue generated around $1 million in revenue,..>> view originalUS durable goods orders fell for first time in 5 months
US durable goods orders fell for first time in 5 months 2 Hours AgoThe Associated Press>> view originalOrders for durable goods fall to 5-month low
Reuters Orders for durable goods, a bellwether for the U.S. economy, fell in April for the first time in five months. Orders for long-lasting goods such as planes and appliances fell in April for the first time in five months, suggesting that a resurgent U.S. manufacturing industry is still expanding but at a somewhat slower pace. Durable-goods orders dropped 0.7% last month amid weakness in most key segments of heavy industry, the government reported Friday. Economists polled by MarketWat..>> view original10 things you need to know before the opening bell
Reuters/China Stringer NetworkHere is what you need to know. Trump reportedly slammed German carmakers and threatened to stop their US sales. During a meeting with European officials, President Donald Trump said he would stop German automakers from selling "millions of cars" in the US and called Germans "very bad," Der Spiegel reports. The polls are tightening in the UK election. A YouGov poll published Thursday showed Prime Minister Theresa May's Conservative Party holding a 43%-to-38% lead ov..>> view originalU.S. Stock Rally Falters, Dollar Gains as Oil Dips: Markets Wrap
U.S. stocks stumbled after a six-day rally took them to all-time highs, while the dollar fluctuated with oil as investors assessed fresh data showing the U.S. economy on firm footing. The most important market news of the day. Get our markets daily newsletter. The S&P 500 fluctuated between gains and losses after its longest rally since February, with trading 29 percent below the 30-day avera..>> view originalfirst-quarter GDP revised up to 1.2 percent
By Lucia Mutikani | WASHINGTON WASHINGTON The U.S. economy slowed less than initially thought in the first quarter, but there are signs it could struggle to rebound sharply in the second quarter amid slowing business investment and moderate consumer spending.Gross domestic product increased at a 1.2 percent annual rate instead of the 0.7 percent pace reported last month, the Commerce Department said on Friday in its second GDP estimate for the first three months of the year."The second estim..>> view originalthe President's Ear
Mr. Rutledge, 63, stormed to the front of the pack after closing his company’s mega-merger, a $65 billion takeover of Time Warner and a smaller competitor.For that, he got a big bump in pay. The year before, his compensation totaled $16.4 million.This past March, Mr. Rutledge met with Mr. Trump in the Oval Office. The president lavished him with praise for a plan to add 20,000 jobs, although the broad outlines of that initiative had been laid out nearly two years earlier, when the merger was fi..>> view originalAudio of Incident Between Montana GOP Candidate and Reporter
Audio of Incident Between Montana GOP Candidate and Reporter 5/25/2017 3:58PM Greg Gianforte, a Montana Republican running in a special election for a U.S. Congressional seat, has been charged with misdemeanor assault for an incident that took place on Wednesday with Ben Jacobs, a reporter for The Guardian. Photo: Getty>> view originalMark Zuckerberg tells Harvard grads that automation will take jobs, and it's up to millennials to create more
Mark Zuckerberg finally has his Harvard degree. The Facebook CEO and famous college dropout left the Ivy League university 12 years ago to found the social network, but he returned Thursday to pick up a honorary doctor of laws degree and drop some wisdom on the class of 2017.In prepared remarks provided to The Washington Post ahead of the speech, Zuckerberg called on his alma mater's newest graduates to tackle major, ambitious "public works" projects that bring together masses of people for the..>> view originalContrary To AP/Equilar's Research The Top US CEOs Did Not Average $11.5 Million Last Year
We've this year's installment of the research that Equilar does for the Associated Press into how much US chief executive officers are paid. Their finding is that the average top company CEO was paid $11.5 million, a rise of 8.5% on the previous year. There's really only one problem with this result which is that the result is wrong. They're not counting the value of stock awards properly. In doing so they are inflating that average compensation. The typical big-company CEO raked in $11.5 milli..>> view original
Friday, June 23, 2017
US court fines UPS $247 million over illegal cigarette shipments and other top stories.
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