BBC News Tesla recalls 53000 cars over brake issueBBC NewsTesla has issued a voluntary global recall for some of its Model S and Model X cars to fix a problem with the parking brake. The electric car maker said about 2% of the 53,000 vehicles built from February to October 2016 were affected, but all […]
New York Times Trump Targets Steel Trade, but China Will Be Tough to ContainNew York TimesWorkers in the vast mill in Hangzhou, owned by the Hangzhou Iron and Steel Group, which is being razed. Credit Giulia Marchi for The New York Times. HANGZHOU, China — China's vast steel industry is a major target of President […]
Verizon, for First Time, Loses Core Wireless Customers — 3rd UpdateFox BusinessVerizon Communications Inc. is having to slash prices and offer more data to stem an unprecedented wave of customer losses, a maneuver that benefits consumers but hurts its bottom line. Continue Reading Below. During the first three months of the year, … and more » Subscribe […]
Reuters Business Watch: A first for VerizonReutersAn advertisement for Verizon is seen at Times Square in New York, May 12, 2015. Verizon Communications Inc said on Tuesday it will buy AOL Inc for $4.4 billion, turning the biggest U.S. wireless carrier into a leading provider of content and video for …Amid competition, Verizon loses key […]
Fortune Mattel's New CEO Promises Growth After Post-Holiday Sales SlumpFortuneMattel posted a steeper-than-anticipated drop in first-quarter sales, as U.S. and some European retailers were left holding onto too much inventory after a muted holiday shopping season. "As you can imagine, we view our first quarter results as …Mattel shares drop after toy maker posts bigger […]
Washington Post GM faces hard road getting compensated for Venezuela factoryWashington PostDETROIT — General Motors became the latest corporation to have a factory or other asset seized by the government of Venezuela, and the Detroit automaker faces an uphill battle to recover any damages. GM said Thursday that its only factory in Venezuela …Roiled by protests […]
euronews Treasury Yields Climb as Focus Turns to French ElectionFox BusinessU.S. government bonds pulled back Thursday, retreating for the second day in a row after an extended rally had pushed the yield on the 10-year note to a five-month low. Continue Reading Below. The yield on the benchmark 10-year note settled at 2.239%, …Could a Leftist […]
USA TODAY A 61-year-old British guy tried the Starbucks unicorn frappuccino. Here's the review.USA TODAYThe email popped into my inbox. “Perfect assignment for you,” it read. I opened it. It was terrifying. “We'd like you to go to Starbucks and taste their unicorn frappuccino." That, you know, is the crazy pink drink that changes colors […]
Bloomberg IMF Lowers Saudi Arabia Growth Forecast After Oil Output CutBloombergThe International Monetary Fund lowered its growth forecast for Saudi Arabia next year, as oil production cuts and austerity measures take a toll on the biggest Arab economy. The Saudi economy is expected to expand 1.3 percent in 2018, down from a 2.3 …IMF Raises Growth […]
Fox Business US House Panel to Begin Hearings on Tax Reform Next WeekFox BusinessThe tax-writing committee of the U.S. House of Representatives will begin holding hearings on a Republican tax reform proposal next week, the panel's chairman said on Tuesday, even as the timeline for overhauling the tax code slips toward late 2017.A Tax Reform […]