Category: Trucking News

Apple CEO Tim Cook explains why he spoke out about Trump's immigration policies: 'We have a lot of immigrants that work at Apple… I want to stand up for them” (AAPL)

Speaking at the Fortune CEO Initiative in San Francisco Monday evening, Apple CEO Tim Cook explained why he chose to speak publicly against President Trump's immigration policies. Cook thinks CEOs should be cautious about commenting on issues where they don't have "significant standing," but urged CEOs to speak out when a public policy doesn't align with their company values. "If you don't [speak out], you're in the appalling silence of good people category, and this is something I've never wanted to be a part of," Cook said.


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Report: GE to spin off health care business amid shake-up

The Wall Street Journal is reporting that General Electric plans to spin off its health care business and sell its stake in Baker Hughes, a company that provides services to the oil industry. The paper cited anonymous sources who said a decision is due to be presented to investors on Tuesday. GE would sell 20 percent of the health care unit and distribute the rest to its shareholders over the next 12 to 18 months, the paper said.


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China drops tariffs on animal feed from Asian countries as U.S. dispute escalates

China drops tariffs on animal feed from Asian countries as U.S. dispute escalates

China will remove import tariffs on animal feed ingredients including soybeans, soymeal and rapeseed from five Asian countries, the Ministry of Finance said on Tuesday, a sign Beijing is seeking alternative supplies of the commodities as a trade dispute escalates with the United States. China will drop tariffs on soybeans, soymeal, soybean cake, rapeseed and fishmeal originating from Bangladesh, India, Laos, South Korea and Sri Lanka from July 1, the ministry said.


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