GFM Network News



USMCA deal modestly boosts U.S. economy, trade panel finds

Washington | Reuters — The new North American free trade pact would modestly boost the U.S. economy, especially auto parts production, but may curb vehicle assembly and limit consumer choice in cars, a hotly anticipated analysis from the U.S. International Trade Commission showed on Thursday. The ITC report is a crucial step in the push […] Read more


Ford recalls 1.48 million pickups over transmissions

Washington | Reuters — Ford Motor Co. said on Wednesday it was recalling about 1.48 million F-150 pickup trucks in North America due to a potential transmission downshift issue that could increase the risk of a crash. Ford said select 2011-2013 model year trucks with six-speed automatic transmission could experience an unintended downshift into first […] Read more







Amazon to cut Whole Foods prices amid intense grocery turf war

Reuters — Amazon.com said Thursday it will cut prices on a range of popular goods as it completes its acquisition of Whole Foods Market, sending shares of rival grocers tumbling over fears of even more brutal market share battles. Amazon’s $13.7 billion purchase of Whole Foods, which won antitrust approval from U.S. regulators on Wednesday, […] Read more


U.S. FTC clears Amazon acquisition of Whole Foods

Washington | Reuters — The U.S. Federal Trade Commission said on Wednesday it has cleared Amazon.com’s planned US$13.7 billion acquisition of Whole Foods Market. The FTC said in a statement that it had reviewed whether the deal would substantially lessen competition or constituted an unfair method of competition and opted not to pursue its investigation […] Read more

U.S. proposes cutting biofuels requirements due to ‘market realities’

New York | Reuters — The U.S. government on Wednesday proposed reducing the volumes of biofuel required to be used in gasoline and diesel in 2018, in a move that could mark the first step towards a broader overhaul to the controversial energy policy. The U.S. Environmental Protection Agency (EPA) proposal marked a slight decline […] Read more