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Business / Business Education / Finance / Money / Personal Finance

Opening Bell 3.24.18

Opening Bell 3.24.18

Jon Corzine’s Wall Street Comeback in Jeopardy So Far as Hedge Fund Attracts Trickle [Fox Business]

Corzine, according to potential investors, provided his trading records for the past year, when he managed his own money, and they are said to be impressive. What was less than impressive, investors tell FOX Business, was some of the risk parameters described in the sales document.

United CEO Grilled Over NRA Discount, Worker’s Rights At Annual Meeting [Reuters]

Asked about United’s decision to sever ties with the National Rifle Association (NRA) in the wake of the recent U.S. high school shooting in Parkland, Florida, Chief Executive Oscar Munoz said the decision was reached largely in response to a United pilot’s daughter who was killed in the massacre.

Apple Teams up With Volkswagen to Make A Fleet of Self-Driving Passenger Vans [Business Insider]

The partnership between Apple and Volkswagen is seen by some as bittersweet for the consumer-electronics giant, which had higher hopes for its self-driving car project when it first launched in 2014. Apple has sought partnerships with BMW and Mercedes-Benz. Those endeavors never panned out.

U.S. Starts Probe to Consider Tariff on Car, Truck Imports [Bloomberg]

“Core industries such as automobiles and automotive parts are critical to our strength as a nation,” Trump said in a statement late Wednesday. An investigation would unfold under the same law the U.S. invoked for global tariffs on imported steel and aluminum. An additional tariff on vehicles of up to 25 percent is also under consideration, according to a person familiar with the matter who asked not to be identified.

Canada Blocks Chinese Takeover on Security Concerns [New York Times]

The government of Prime Minister Justin Trudeau said late on Wednesday that it stopped the deal for the Aecon Group, a construction company that helped to build the landmark CN Tower in Toronto, following a review that began earlier this year.

The deal became politically charged after members of Canada’s opposition party raised concerns about Aecon’s access to government contracts — particularly in the nuclear power industry — and the Chinese company’s ties to the Chinese state.

Ex-Mets star Lenny Dykstra busted for putting weapon to Uber driver’s head [NY Daily News]

The former Mets outfielder known as “Nails” was charged with making terroristic threats and possession of cocaine, marijuana and MDMA — or ecstasy.

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