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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Extending U.S. sanctions on Iran for 10 years would breach the Iranian nuclear agreement, Iran Supreme Leader Ayatollah Khamenei said on Wednesday, warning that Tehran would retaliate if the sanctions are approved.

The U.S. House of Representatives re-authorized last week the Iran Sanctions Act, or ISA, for 10 years. The law was first adopted in 1996 to punish investments in Iran’s energy industry and deter Iran’s pursuit of nuclear weapons.

Read the Full Article: Source – Reuters
Time For Truth: (Reuters) – Iran warns of retaliation if U.S. breaches nuclear deal

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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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Oct 6 Weak investment performance and insufficient contributions will cause total unfunded liabilities for U.S. state public pensions to balloon by 40 percent to $1.75 trillion through fiscal 2017, Moody’s Investors Service said in a report on Thursday.

The report comes amid increasing concern over America’s ability to pay promised retirement benefits to public employees without draining state budgets.

Read the Full Article: Source – Reuters
Time For Truth: (Reuters) – U.S. state public pension unfunded liabilities to hit $1.75 trln -Moody's

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Billionaire investor George Soros pledged on Tuesday to invest up to $500 million in programs and companies benefiting migrants and refugees fleeing life-threatening situations.

Announced against the backdrop of an ongoing United Nations (U.N.) summit in New York, Soros explained that he wished to harness the power of the private sector for public good.

Read the Full Article: Source – CNBC
Time For Truth: (CNBC) – George Soros to invest $500 million in help for refugees

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