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Business Headlines

On this page we've assembled links to stories from national business news sources including the Associated Press, CNN/Money, The Wall Street Journal, The New York Times and others.

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Associated Press
      
Wall Street Journal
General Motors plans to cut up to 14,800 jobs and end production at certain plants, marking the auto maker’s first significant downsizing since bankruptcy as it tries to adjust to lower demand for passenger cars. President Trump said GM should stop making cars in China and make them in the U.S. instead, in an exclusive WSJ interview.
The industrial conglomerate has decided to separate itself into three independent companies, breaking apart one of America’s last industrial conglomerates.
Nissan Motor’s chief executive told employees Carlos Ghosn had too much power as chairman, highlighting the tension welling up between the two men before Mr. Ghosn’s arrest a week ago. The fallout spread Monday as Mr. Ghosn was ousted as chairman of Nissan partner Mitsubishi Motors.
UPS is hoping that billions of dollars in system improvements this year will help it avoid shipping problems during the online shopping surge of the holiday season.
Plunging oil prices once again threaten to force American shale drillers to pull back on production, just as they were preparing to unleash a flood of crude.
      
CNNMoney
Read full story for latest details.
Softbank and Toyota are partnering on an effort to use autonomous vehicles and other technologies to change the world of transportation.
Aston Martin is joining the ranks of listed automakers with an IPO that values the British company at more than $5 billion.
Barnes & Noble jumped more than 20% after it said it would review a sale of the troubled company.
Howard Marks, co-chairman of Oaktree Capital, explains why investors should start treading lightly.
      
NY Times Business Headlines
      
USA Today Business Headlines
Pier 1 Imports is increasing the number of stores expected to shutter this year. The Texas-based home goods retailer is looking to close 57 stores.
      
Macleods Pharmaceuticals Limited recalled 32 lots of blood pressure medication losartan after discovering trace amounts of a carcinogen.
      
Economist Gary Shilling, who called several recent recessions, says the nation is probably already in a downturn. He cites recently weak job growth.
      
Researchers found samples of organic free of hormones, antibiotics and pesticides they found in conventional milk samples. Expert is wary of results.
      
Target's weeklong Teacher Prep Event returns July 13 with a 15% discount on select school supplies, clothes and more. Here's how educators can save.
      
      
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