United States Steel would like to accelerate its investments and hire back laid-off employees now that Donald Trump will be occupying the Oval Office, CEO Mario Longhi told CNBC on Wednesday.

“We already structured to do some things, but when you see in the near future improvement to the tax laws, improvements to regulation, those two things by themselves may be a significant driver to what we’re going to do,” he said in an interview with CNBC’s “Power Lunch.”

Read the Full Article: Source – CNBC
Time For Truth: (CNBC) – US Steel wants to accelerate investments, bring back jobs, CEO says

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United Auto Workers leaders huddled with Ford Motor Co. executives today after the union was caught off guard by President-elect Donald Trump’s tweet last night he helped prevent another Ford model from going to Mexico.

While the union is pleased Ford has now committed to continue building the Lincoln MKC small sport utility vehicle at a Kentucky factory, Trump’s tweets had suggested that the entire Louisville Assembly Plant’s output was under threat of moving to Mexico. The MKC is built on the same assembly line as the Ford Escape, which outsells the Lincoln version by 12-to-1. More than 5,000 employees are working nearly around the clock on three crews to meet demand for the two SUVs, said Todd Dunn, president of UAW Local 862 in Louisville.

Read the Full Article: Source – Bloomberg
Time For Truth: (Bloomberg) – Blindsided by Trump Tweet, UAW Meets With Ford on SUV Plan

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Volkswagen has announced plans to cut 30,000 jobs worldwide with about 23,000 of the losses borne in Germany.

VW, still dealing with the aftermath of the emissions-cheating scandal, aims to rejuvenate its core brand, and develop new electric and self-driving cars.

Read the Full Article: Source – BBC News
Time For Truth: (BBC News) – Volkswagen plans 30,000 job cuts worldwide

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As one of the first 100 employees at Google, Ron Dolin worked directly on the indexing and retrieval of information on a massive scale. Before that, he was a physicist working on data acquisition and computer controls at European particle accelerator CERN, where scientists explore the fundamental laws of nature that create and destroy universes. Now the physics and computer science have come together for Dolin in a surprising place: the legal profession. Dolin doesn’t think the traditional structure of the legal universe can survive what’s coming from the world of artificial intelligence.

Read the Full Article: Source – CNBC
Time For Truth: (CNBC) – Can elite law firms survive the rise of artificial intelligence? The jury is still out

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