Money

by | February 03, 2019 | 09:00

Auto plants and other big energy users throughout southeast MI are shutting down or limiting operations due to a natural gas shortage caused by a fire and frigid weather. Workers will get paid even though their buildings were closed. Consumers Energy says in a statement that it's "cautiously optimistic" Thursday morning that its requests to curb natural gas use "are having a positive effect".

by | February 02, 2019 | 13:07

Chen was arrested before a scheduled flight home to China, where he allegedly applied to work at a rival autonomous technology developer. According to the latest theft case, Apple has approximately 1,200 employees working on the autonomous vehicle project, which is known internally as Project Titan .

by | February 02, 2019 | 11:24

Investors keep a close eye on Tesla's cash stores because the company has hundreds of millions of dollars in debt payments due in the coming months. Tesla posted its first consecutive quarter of profitability, making a net income of $139.5 million in the fourth quarter, which was below Wall Street analysts' estimates.

by | February 02, 2019 | 09:39

CEO and Founder Mark Zuckerberg said "We've put most of our energy into security over the past 18 months, so that building new experiences wasn't the priority over that period". Net profit for Facebook , which makes most of its money from online advertising, was up a strong 61 per cent from the same period a year ago. For the three months ending on December 31, Facebook's revenue was £12.8 billion - a 30% increase on the £9.8 billion it made in the same period a year ago.

by | February 01, 2019 | 23:24

Wall Street was looking for earnings of $5.67 per share on revenue of $71.87 billion. For the fourth quarter, Amazon North America delivered more operating income than AWS-$2.25 billion to $2.18 billion. The answer, Amazon said, is no. "Alexa was very busy during her holiday season", Amazon founder and CEO Jeff Bezos said in his only statement about earnings.

by | February 01, 2019 | 15:34

It is, as Volkswagen Head Designer Klaus Bischoff calls it, "vibrancy and energy on four wheels". "A buggy is more than a vehicle". Actually, lots of curious things were taking place back then, but in the auto world, people were yanking the exterior bits off Volkswagen Beetles and replacing them with open-air, barebones bodies.

by | February 01, 2019 | 05:58

Louis Woo, the special assistant to Foxconn chief executive Terry Gou, told the press service that the company was still considering its options in Wisconsin, but said the cost of manufacturing TVs in the USA was simply too high. Tony Evers, a Democrat who was critical of Foxconn in his campaign against Walker, could not be reached for comment. That's something Foxconn had already acknowledged was likely in November when The Wall Street Journal reported that the company was planning to ...

by | February 01, 2019 | 05:29

The assessment by the National Sample Survey Office (NSSO), conducted July 2017-June 2018, showed an unemployment rate of 6.1 percent. Critics say Modi's push for raising the share of domestic manufacturing from 17% of GDP to about 25% has not taken off over the last four years.

by | February 01, 2019 | 04:45

Trump, speaking at the White House on Thursday during a meeting with Chinese vice premier Liu He, said he was optimistic the world's two largest economies could reach "the biggest deal ever made". "We hear rumblings or rumors there are some offers (by the Chinese delegation to Washington ) around IP (intellectual property) enforcement, around the other sensitive issues".

by | January 31, 2019 | 14:56

The backstop element of the deal aims to avoid a hard border between Northern Ireland (part of the U.K.) and the Republic of Ireland (part of the EU) that surrounds it. Other frustrated European Union officials including Brexit negotiator Michel Barnier insisted the remaining 27 European Union members were united and determined not to abandon the backstop clause they believe is key to maintaining peace on the border.

by | January 31, 2019 | 13:36

WASHINGTON/MOSCOW-U.S. President Donald Trump's administration lifted sanctions on January 27 on the core empire of Russian tycoon Oleg Deripaska , including aluminum giant Rusal and its parent En+, despite a Democrat-led push to maintain them.

by | January 31, 2019 | 12:54

In this, it'll be something more aligned with the Model X SUV's pricing. Deepak Ahuja is to retire, chief executive Elon Musk told investors on the quarterly earnings call, and will be replaced by current head of finance Zach Kirkhorn, who has been with the company for nine years.

by | January 31, 2019 | 12:26

PG&E, which supplies natural gas and electricity to 16 million people in Northern and central California , cited hundreds of lawsuits over fires in 2017 and 2018 and tens of billions of dollars in potential liability when it announced earlier this month that it planned to file for bankruptcy.

by | January 31, 2019 | 12:27

Moreover, the Fed said it could "adjust the details of its balance sheet normalization program", which now is set to let $50 billion of its holdings of Treasury and USA agency mortgage-backed securities mature each month without replacing them.

by | January 31, 2019 | 12:25

They also have the number P-13556 inside the USDA mark of inspection. Consumers should look for the case code 3308SDL03 marked on five-pound bags of the nuggets and discard or return them to the place of purchase. If you have any questions regarding the recall, call Perdue Consumer Care art 1-866-866-3703. Tyson Foods, headquartered in Arkansas, produces a variety of packaged and precooked chicken meals and has a slaughtering and processing facility in Missouri, where the possibly ...

by | January 31, 2019 | 08:42

In Asia Pacific, which accounts for about 22 per cent of Caterpillar revenues, the company is hoping for growth outside China as construction equipment sales in the world's second largest economy are expected to be flat this year. But the company said higher material and freight costs due to tariffs, steel prices and supply chain inefficiencies also affected its results. "The trade and growth uncertainties surrounding markets over the past few months has started to materialise and Trump's ...

by | January 31, 2019 | 07:59

The proposed merger was discussed with Nissan Chief Executive Officer Hiroto Saikawa in September, he said. Following Ghosn's arrest, France also informed Tokyo of an intention to press ahead with integration. In turn, Renault, backed by the French government, has been attempting to thwart any diminishment of its influence. Alliance executives will meet this week in Amsterdam, where the company that manages the carmakers' partnership is based, people familiar with the matter said.

by | January 31, 2019 | 05:27

National security adviser John Bolton alerted Maduro and his supporters that any move to intimidate or target American diplomats or Guaido in the South American country would be met with a "significant response". Last week, a group of soldiers rose up against Maduro. Large protests are planned across Venezuela on Wednesday to increase pressure on President Nicolas Maduro to step down.

by | January 30, 2019 | 12:55

Let's be patient. For now, I think it is very difficult", Maduro added. Venezuela's self-proclaimed interim president Juan Guaido has been slapped with a travel ban and had his bank accounts frozen. Abrams was reportedly criticized for supporting Contras in Nicaragua and the El Salvador military as both were accused of major human rights abuses during military conflicts.

by | January 30, 2019 | 11:45

Priority Mail Express prices rose by 3.9 percent, while Priority Mail increased 5.9 percent - those prices aren't adjusted in line with inflation, but rather with perceived market conditions. A small box now costs $7.90 to mail, up 70 cents. While first-class mail delivery is struggling, USPS saw an increase of nearly half a billion additional packages in 2018 compared to 2017.