Stocks rise...UK lawmakers clash with May over Brexit...Chrysler Building for sale
NEW YORK (AP) — Stocks are rising on Wall Street and around the world after negotiators from the U.S. and China extended their trade talks to a third day. Investors are taking that as a sign the discussions were productive even though no major breakthroughs have been announced. Stocks linked to faster economic growth, such as technology companies, are climbing. Oil prices also continue to rise.
LONDON (AP) — British lawmakers have dealt Prime Minister Theresa May her second defeat in two days in battles over the government’s plans for Brexit. The House of Commons voted to prevent the government from delaying key decisions as Brexit approaches on March 29. The measure says that if Parliament rejects the divorce deal May has agreed with the European Union, the government must come up with a “Plan B” within three days. The government previously had 21 days to report back to Parliament.
OSHAWA, Ontario (AP) — Unionized workers at the General Motors assembly plant in Oshawa, Ontario, are holding another sit-down protest over the planned closure of the facility that would lead to the loss of 3,000 jobs. The company has turned down proposals by the union to extend the life of the plant. GM announced in November it would cut up to 14,000 workers in North America and put five plants up for possible closure.
NEW YORK (AP) — The company behind the contentious Keystone XL oil pipeline plans to change its name. If approved by shareholders and regulators, TransCanada will become TC Energy in the second quarter. The stock ticker “TRP” will not change. The Keystone XL project is being delayed by a federal court that found the Trump administration didn’t fully consider the environmental effects when it approved the permit for the pipeline, which would ship up to 830,000 barrels a day of crude oil from Alberta, Canada to the U.S. Gulf Coast.
NEW YORK (AP) — The owners of New York City’s Chrysler Building are putting the iconic Art Deco skyscraper on the market. The building’s owners have hired commercial real estate firm CBRE Group Inc. to market the Manhattan office tower that once served as the headquarters of the Chrysler Corp. The Chrysler Building was purchased by the Abu Dhabi Investment Council and New York developer Tishman Speyer in 2008.