Carmakers join Trump against California’s emissions laws
A number of large carmakers have declared their support for the Trump administration in a lawsuit launched by an environmental organization aiming to allow California to set its own emissions rules. Tom Krisher and Ellen Knickmeyer had the news for the AP: General Motors, Fiat Chrysler, Toyota and many others in the auto industry are […]
Coverage: LVMH offers $14.5 billion for Tiffany
French luxury giant LVMH has offered $14.5 billion for Tiffany & co in what could become its biggest acquisition. Sarah White and Sudip Kar-Gupta reported the news for Reuters: LVMH, the world’s biggest luxury group, said on Monday it had approached Tiffany & Co about a possible takeover of the U.S. jeweller. “In light of […]
Wall Street Journal corp team taps nine for new positions
Jamie Heller, the business editor of The Wall Street Journal, sent out the following announcement on Friday afternoon: Hello everyone, We have several exciting moves to share in corp. Scott Austin has taken on a role on the business side with the partnerships team. Scott spent 19 years as a reporter and editor at The […]
Same-day shipping costs drag Amazon Q3 profit down
The costs of faster deliveries have weighed on Amazon’s third-quarter profit, dragging it down 26%. Joseph Pisani had the news for the AP: Amazon’s push for faster delivery is hurting its profits. The online retailer said its third-quarter net income fell 26% from a year ago, missing Wall Street expectations. Its sales outlook for the […]
Tesla takes markets by surprise, posts Q3 profit
Tesla reported an unexpected profit for the third-quarter, with its share price soaring 20% on the news. Michael LIedtke reported the news for the AP: Tesla posted a surprising profit of $143 million in its latest quarter, raising hopes the electric car pioneer may finally be turning the corner after posting mostly losses during its […]
Google declares quantum computing leap
Google has announced a quantum processor had completed a calculation that would take supercomputers thousands of years in just a few minutes. Rachel Lerman and Matt O’Brien reported the news for the AP: Google said it has achieved a breakthrough in quantum computing research, saying an experimental quantum processor has completed a calculation in just […]
Qantas completes world’s longest flight
Australia’s Qantas has successfully completed the world’s longest non-stop flight, from New York to Sydney. Stefica Nicol Bikes and Lidia Kelly had the news for Reuters: Australia’s flag carrier Qantas (QAN.AX) completed on Sunday a nonstop test flight from New York to Sydney, researching how the world’s longest potential commercial airplane journey of nearly 20 […]
UAW, GM reach deal to end strike
GM and the United Auto Workers union have reached a deal to end a month-long strike. Chris Isidore and Vanessa Yurkevich reported the news for CNN: Negotiators from General Motors and the United Auto Workers union have reached a tentative deal to end a 31-day strike by nearly 50,000 workers. Details of the agreement were […]
Facebook officially launches Libra
Facewbook on Monday announced the Libra Association, a nonprofit group that will govern the digital currency. AP’s Ken Sweet reported the news: Facebook officially moved forward with its plans Monday to create a new digital currency called Libra, despite several high-profile defections from the project and intense criticism from U.S. regulators and politicians. The Libra […]
Wildfires break out in California despite preventive power supply cuts
Wildfires broke out in California despite PG&E’s plans to cut power to a few hundred thousand customers to prevent just that. CBS’s Jonathan Vigliotti had the news: Despite an unprecedented effort to prevent wildfires, at least three of them erupted in Southern California on Thursday afternoon fueled by strong winds and dry conditions. Fifty miles […]
