Wall Street Journal Global Economics Editor Jon Hilsenrath, Fox News contributor Richard Fowler and FBN"s Kristina Partsinevelos on reports General Electric is nearing a deal to sell its industrial engines unit and efforts to turn around the company.
The tremendous expense if passed onto its dealers and retail customers would have a lasting detrimental impact to its business in the region, the company said in a regulatory filing https://bit.ly/2tA1ru0. Harley-Davidson said tariffs would reduce customer access to its motorcycles and hurt the dealers' businesses. Last week, the European Commission said it would start charging import duties of 25 percent on a range of U.S. products after Washington imposed tariffs on EU steel and aluminum at the start of June.
Apple Inc. is about to pump up the volume on its audio-device strategy, planning higher-end AirPods, a new HomePod and studio-quality over-ear headphones for as early as next year, according to people familiar with the matter. Apple is trying to increase the range that AirPods can work away from an iPhone or iPad, one of the people said. Slated for 2019, the earbuds will likely cost more than the existing $159 pair, and that could push Apple to segment the product line like it does with iPhones, one of the people said.
South Korea's military has picked Boeing Co to supply the country's maritime patrol aircraft in a contract worth around 1.9 trillion won ($1.71 billion), a senior company executive said on Monday. The South Korean procurement agency Defense Acquisition Program Administration (DAPA) said separately that it had decided to buy the P-8 Poseidon aircraft through the U.S. government foreign military sales program. Kang Hwan-seok, a DAPA spokesman, told a media briefing the decision was made after a comprehensive review of legal aspects, cost, schedule and performance.
Washington Examiner White House reporter Gabby Morrongiello on the debate over immigration, the increasingly heated political climate.
