- Trump’s New Travel Ban Replaces Chaos With Calm (BBG)
- Indian Firms Look to Get Ahead of Immigration Curbs (WSJ)
- Republicans unveil plan to dismantle Obamacare (Reuters)
- Republicans Unveil Health Care Bill to Bridge Gaps in Party (BBG)
- Wiretap Allegation Places Trump Nominee on Hot Seat (WSJ)
- German, U.S. finance ministers to meet in Berlin next week (Reuters)
- High Court Says Jury Secrecy Not Guaranteed If Racial Bias Exists (WSJ)
- Coming Soon to Your Local Mall: Celery and Dog Food (WSJ)
- Meet the Trader Amassing 3,000 Swimming Pools of Sugar (WSJ)
- Wahaha boss sees U.S. suffering more in any trade war with China (Reuters)
- OECD Sees Lots to Worry About in the Global Economic Outlook (BBG)
- Fillon backers seek unity to revive French presidential bid (Reuters)
- Exxon’s $20 Billion Spending Plan Points to U.S. Energy Surge (WSJ)
- Hedge Funds Gird for Stock Selloff as Valuations Rattle Nerves (BBG)
- Publicity looms as PwC, MF Global go to trial in New York (Reuters)
- CSX Names Railroad Veteran Hunter Harrison as CEO (WSJ)
- America’s Predator Retires, But the Reaper Lies in Wait (BBG)
- ECB doing good job in balancing needs of euro zone members: Schaeuble (Reuters)
- One of the Rarest Precious Metals Is on Best Run in a Decade (BBG)
- Why You Should Love America’s Worst Airport (BBG)
- Carson calls slaves ‘immigrants’ in speech, drawing criticism (Reuters)
- Saudi Aramco to Pay Shell $2.2 Billion in Refinery Breakup (BBG)
- Iraqi forces recapture Mosul government buildings, museum (Reuters)
- Signs of slowdown grow as Britain gears up to trigger EU divorce (Reuters)
Overnight Media Digest
WSJ
– Exxon Mobil Corp plans to spend about $20 billion on refineries, petrochemical plants and other projects in and around the Gulf of Mexico, Chief Executive Darren Woods said, underscoring how the giants of the global energy industry are turning to America. http://on.wsj.com/2mvQWGd
– RadioShack’s owner is preparing to seek bankruptcy protection for the second time in as many years, according to people familiar with the matter, as the 1,500-store chain looks to further shrink to survive. http://on.wsj.com/2mvUVT2
– South Korean prosecutors provided their most detailed account yet of bribery charges against Samsung Electronics Co Ltd’s de facto leader, Lee Jae-yong, after months-long investigation into a corruption scandal that has shaken the country’s corporate and political elite. http://on.wsj.com/2mvXEMi
– International Business Machines Corp and Salesforce.com Inc agreed to mingle their artificial-intelligence technologies in a bid to boost sales of data-analytics offerings. http://on.wsj.com/2mvNoDA
– After a boardroom battle that lasted less than two months, a rookie activist investor has upended management of CSX Corp., installing a 72-year-old industry maverick as chief executive with a mandate to slash costs and revamp one of the country’s biggest railways. http://on.wsj.com/2mvQibK
– Argentina’s government said it plans to allow the first budget airline to begin flying in the country, opening up one of the biggest untapped domestic airline markets to increased competition. http://on.wsj.com/2mvPinT
– Chobani Inc is shaking up its top ranks, bringing in a Nestlé SA veteran to be its second highest executive and adding traditional industry experience to the fast growing Greek-yogurt brand. http://on.wsj.com/2mvJWsI
FT
BT Group Plc has paid 1.2 billion pounds ($1.47 billion) to control exclusive rights for broadcasting European football in UK.
PSA Group Chief Executive Carlos Tavares has pledged to increase the company’s foothold in UK in the face of a “hard Brexit”.
Transport for London has partnered with Triangle London Developments in order to raise 1.1 billion pounds for the city’s transportation system.
North Sea oil companies will generate positive free cash flow in 2017 for the first time in four years, in a sign of recovery following the oil price crash of 2014, says Oil & Gas UK, which represents operators in the region.
Former Tesla Inc executive Peter Carlsson will on Tuesday announce plans to set up a $4 billion factory in the Nordic countries, using in part metals mined in the region.
NYT
– House Republicans unveiled on Monday their long-awaited plan to repeal and replace the Affordable Care Act, scrapping the mandate for most Americans to have health insurance in favor of a new system of tax credits to induce people to buy insurance on the open market. http://nyti.ms/2mv4nG8
– Monday was the seventh straight day that Sean Spicer, President Trump’s press secretary, declined to hold a televised White House press briefing, an unusually long drought for someone whose role is traditionally to be the most visible face of a presidential administration. http://nyti.ms/2mZUIoY
– A farm in southern Tennessee that produces chickens for Tyson Foods was ordered to cull its flock after federal officials on Sunday identified an outbreak of lethal avian influenza there, the first time the disease has struck this year. http://nyti.ms/2lytZmw
– President Trump signed an executive order on Monday blocking citizens of six predominantly Muslim countries from entering the United States, the most significant hardening of immigration policy in generations, even with changes intended to blunt legal and political opposition. http://nyti.ms/2mgjZwU
– A special prosecutor in South Korea asked state prosecutors on Monday to indict President Park Geun-hye on bribery charges, saying that Ms Park and her secretive confidante conspired to take $38 million in bribes from Samsung , one of the world’s largest technology companies. http://nyti.ms/2n97eSj
Canada
THE GLOBE AND MAIL
** Veteran railroader and cost-cutter Hunter Harrison is taking charge at CSX Corp. The Florida-based railway said Monday night Harrison is the company’s new chief executive officer, effective immediately. https://tgam.ca/2mRff2b
** Top North American energy executives made a plea for continued North American free trade at a high-profile conference where Prime Minister Justin Trudeau will deliver a keynote speech later this week. https://tgam.ca/2mhoaIG
** The Liberal Party is claiming full discretion to wade into local races and decide who can run for its nominations even as Prime Minister Justin Trudeau publicly insists the process is open and in the hands of local members, internal documents show. https://tgam.ca/2n0GKmR
NATIONAL POST
** Star Wars merchandise continued to dominate Canada’s toy industry in 2016. Annual sales of toys in Canada topped C$2 billion ($1.49 billion), up 6 percent from 2015 toy sales of $1.9 billion, according to a recent report by market research firm NPD Group. http://bit.ly/2mwOZJn
** Canada has been flagged by a global banking body for “vulnerabilities” tied to credit, property prices, and the prospect of rising interest rates. The Bank for International Settlements said Canada is among the jurisdictions showing early warning indicators for financial crises and domestic banking risks. http://bit.ly/2mwWEYF
** The clock is ticking for Canadian Imperial Bank of Commerce to decide whether to sweeten its offer to acquire PrivateBancorp Inc, as the Chicago-based bank announced the deal will go to a vote before its shareholders in May. http://bit.ly/2lRTZnZ
Britain
The Times
Vauxhall workers are likely to take a significant cut to their pensions before any decision about the long-term future of their jobs after the sale of the UK-based automotive group to France’s PSA Group. http://bit.ly/2lVWwOE
BT Group Plc is set to retain its grip on Champions League football, having agreed to pay nearly 1.2 billion pounds ($1.47 billion) over three years in a deal intended to thwart efforts by its arch-rival Sky Plc to take back the rights for the tournament. http://bit.ly/2lVRD8u
The Guardian
Parcelforce couriers who deliver packages for Marks & Spencer, John Lewis and Hamleys can be charged up to 250 pounds a day if they are off sick and cannot find someone to cover their shift. http://bit.ly/2lVRotW
Rupert Murdoch’s attempted takeover of Sky must be thoroughly investigated by Ofcom in light of corporate governance failures surrounding the phone-hacking scandal, Tom Watson, the shadow culture secretary, has said. http://bit.ly/2lVXdI3
The Telegraph
The UK boss of KPMG has lost out in his bid to become global chairman of the accountancy giant. Simon Collins, who threw his hat in the ring for the firm’s top job in December last year, has dropped out of the race in recent weeks. http://bit.ly/2lVRDW8
The North Sea oil industry is in dire need of fresh capital investment to drive activity in the embattled basin beyond 2020. The stark warning emerged from an annual industry-wide report from trade group Oil and Gas UK. http://bit.ly/2lVKBjV
Sky News
Prices in UK are now rising at an annual rate of more than 3 percent in the latest evidence of economic fallout from the EU referendum, according to figures seen by Sky News. http://bit.ly/2lW0ib9
A 1.5 trillion pound superfund should be created from thousands of existing retirement schemes in a bid to alleviate Britain’s mounting pensions crisis, a committee established by the Pensions and Lifetime Savings Association will recommend this week.
The Independent
Britons overwhelmingly oppose Prime Minister Theresa May’s plan to quit the EU with no deal in place if Parliament dares to reject the terms she agrees with Brussels, an exclusive poll has revealed. http://ind.pn/2lVMygy
Asda has been fined 300,000 pounds after inspectors found dead mice and flies at a depot that distributes food to online shoppers in London and Essex. http://ind.pn/2lVXvi1
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