Eddie Lampert won a bankruptcy auction for Sears with a plan that will keep the rtailer in business and seek to save tens of thousands of jobs, according to a person with knowledge of the discussions.
Author: Bloomberg News
How a Prolonged Government Shutdown Might Ripple Down to States
Almost a third of the $2 trillion that U.S. states spend each year comes from Washington, so the partial shutdown of the federal government would seem to spell major financial trouble in America’s statehouses.
Trump Lauds Progress After Day Two of Beijing Trade Talks
President Donald Trump expressed optimism that U.S.-China trade talks in Beijing are progressing well, as Chinese authorities planned to give a statement after the latest round of negotiations.
Elon Musk, Tesla Break Ground on China Plant, First Outside US
After four years of planning, Tesla Inc. finally broke ground on its planned $5 billion factory in the world’s biggest auto market, China. But the timing couldn’t be more inauspicious.
Nancy Pelosi Elected House Speaker by Democratic Majority
The new Democratic-controlled House of Representatives elected Nancy Pelosi as speaker Jan. 3, marking the start of new scrutiny of President Donald Trump’s administration. The Senate also opened its session and remains under Republican control.
China Inks Deals With Shell, Majors as Xi Signals Open Trade
China signaled its openness for business with a raft of deals that’ll give oil majors, including Royal Dutch Shell Plc, new opportunities to develop fields in partnership with the nation’s biggest offshore explorer.
Nissan Holds Off on Picking Ghosn Successor as Tensions Brew
Nissan Motor Co. will split chairman duties among its executives, putting the brakes on naming a successor to Carlos Ghosn as the pay scandal that landed the high-flying executive in a Tokyo jail widens to include the automaker itself.
China Is Said to Plan to Buy US Corn as Soon as January
Chinese officials are preparing to restart purchases of American corn as soon as January, another sign that the Asian nation is working on a lasting detente with the U.S.
China Agrees to Resume Purchasing US Soybeans
China resumed buying U.S. soybeans, bringing some relief to farmers in President Donald Trump’s heartland as President Xi Jinping works toward a trade deal with his American counterpart.
China Is Said to Move Toward Lower Tariffs on U.S.-Made Cars
China is moving toward cutting its trade-war tariffs on imported U.S.-made cars, a step already claimed by President Donald Trump as a concession won during trade talks in Argentina.