The United Auto Workers union said on Friday it had made progress on some key issues as it works to try to reach a contract with General Motors Co to resolve a nearly three-week-old strike that has idled 48,000 workers.
The GM strike began Sept. 16 with workers seeking higher pay, greater job security, a bigger share of the leading U.S. automaker’s profit and protection of healthcare benefits. Analysts estimate the strike has cost GM over $1 billion, while LMC Automotive estimated on Thursday GM has lost production of 118,000 vehicles through Oct. 2. …read more […]
Tesla Inc owners summoning their driverless cars in parking lots are likely liable for crashes, lawyers said after a series of internet videos showed problems with cars running new software. If the accidents pile up, though, Tesla itself is sure to be brought into a legal fight, insurance industry experts said. A Tesla software update last week added a so-called Smart Summon feature for some customers. …read more […]
The law, which took five years to clear Congress, will boost telecom companies by lifting restrictions on sales of their formerly state-owned assets. It will also allow for a secondary market for trading cellphone frequencies. “Fixed-line companies got a pathway out of the over-regulated concession regime, while cellphone companies can now trade frequencies,” said Ricardo Tavares, CEO of TechPolis, a telecom-policy consulting company. …read more […]
(Bloomberg) — The exemption that the renewable energy world was counting on to skirt U.S. President Donald Trump’s tariffs on solar equipment is no more.The U.S. Trade Representative said Friday it was eliminating an exemption carved out about four months ago for bifacial solar panels, which generate electricity on both sides. They’ll now be subject to the duties Trump announced on imported equipment in early 2018, currently at 25%.The exclusion had been a reprieve for the solar industry, which lost thousands of jobs and put projects on ice as a result of the tariffs. Some panel manufacturers had already begun …read more […]
Q2 2019 Rayonier Advanced Materials Inc Earnings Call …read more […]
Look closely at prospective plans’ network of doctors and hospitals. …read more […]
Wall Street surged on Friday after moderate jobs growth in September offered relief from a spate of dismal economic data this week that has rankled markets and fueled concerns that the world’s largest economy may be sliding into a recession.
U.S. private equity firm KKR & Co Inc is seeking to raise $1.5 billion for its third special situations fund, people familiar with the matter said on Friday. KKR Special Situations Fund III, which was registered with regulators in June, will acquire distressed debt at a discount, said three sources who requested anonymity to discuss the matter. KKR, which has not announced the fundraising target, declined to comment. …read more […]
U.S. payments processor PayPal Holdings Inc announced Friday it was withdrawing from the Libra Association, a Facebook-led effort to build a global digital currency. PayPal said it would forgo any further participation in the group, saying instead it would focus on its own core businesses. “We remain supportive of Libra’s aspirations and look forward to continued dialogue on ways to work together in the future,” the company said in a statement. …read more […]
Oil prices rose about 1% on Friday as an increase in U.S. jobs eased some financial market concerns that a slowing global economy could dent oil demand, but crude fell more than 5% on the week, its second consecutive weekly decline.
Wall Street surged on Friday after moderate jobs growth in September offered relief from a spate of dismal economic data this week that has rankled markets and fueled concerns the world’s largest economy may be sliding into a recession.
Last month’s slowdown in U.S. jobs growth may be a sign weakness in manufacturing is spreading to the broader economy, or it could simply reflect an expected downshift in a fundamentally healthy labor market.
In 2017 George Rountree was appointed CEO of White Mountains Insurance Group, Ltd. (NYSE:WTM). First, this article… …read more […]
Yahoo Finance’s Melody Hahm sits down with FitBit CEO James Park at theTechCrunch Disrupt conference in San Francisco. …read more […]
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