General Motors Co on Wednesday filed a racketeering lawsuit against Fiat Chrysler Automobiles NV , alleging that its rival engaged in bribery over many years to corrupt the bargaining process with the United Auto Workers (UAW) union and gain wage and work practices advantages over GM.
I’m fascinated by electricity. From a young age, I have been “messing around” with electronics.
I built my first stereo system from a kit back in 1967. I then designed and built a device that caused colored floodlights to flash with the music.
It was psychedelic, man.
My parents raised their eyebrows a bit. They were initially afraid that I might burn down the house from a short circuit or something.
Fortunately, that never happened. And I went on to have a decades-long career in electrical engineering.
I may be retired now, but I still like messing around with electricity. Especially when it comes to …read more […]
General Motors Co on Wednesday filed a racketeering lawsuit against Fiat Chrysler Automobiles NV , alleging that its rival engaged in bribery over many years to corrupt the bargaining process with the United Auto Workers (UAW) union and gain wage and work practices advantages over GM. GM said it will seek “substantial damages” from FCA, but did not specify an amount. …read more […]
General Motors Co on Wednesday filed a racketeering lawsuit against Fiat Chrysler Automobiles NV , alleging that its rival engaged in bribery over many years to corrupt the bargaining process with the United Auto Workers (UAW) union and gain wage and work practices advantages over GM. GM said it will seek “substantial damages” from FCA, but did not specify an amount. FCA could not immediately be reached for comment. …read more […]
U.S. President Donald Trump said on Wednesday the United States is continuing to talk to China but gave no other details, as both sides tried to hammer out a phase one trade deal ahead of looming U.S. tariffs due next month.
Malta’s biggest bank failed for years to detect or address risks involving thousands of payments, the European Central Bank (ECB) said, detailing “severe shortcomings” that could have allowed money laundering or other criminal activities.
Apple Inc said on Wednesday it had started construction of a new campus in Austin, Texas, beside its existing facility where it makes the new MacBook Pro laptops.
Malta’s biggest bank failed for years to detect or address risks involving thousands of payments, the European Central Bank (ECB) said, detailing “severe shortcomings” that could have allowed money laundering or other criminal activities. A confidential ECB report seen by Reuters said Bank of Valletta (BoV) had not dealt with a litany of risk management failings despite repeated warnings from the Frankfurt-based regulator stretching back to 2015. The report — adopted by the ECB in the summer after an inspection late last year — calls for remedial measures, including assessing if BoV’s top managers are fit for …read more […]
Competition in the U.S. is dead while Europe is benefiting from the free market system and that’s having a negative impact on average Americans, NYU professor and economist Thomas Philippon said. …read more […]
The U.S. government said on Wednesday it has begun issuing licenses for some companies to supply goods to China’s blacklisted telecommunications firm Huawei, providing long-awaited clarity to the industry.
(Bloomberg) — U.S. Federal Communications Commission Chairman Ajit Pai plans to advance a proposal to take back some airwaves long promised to automakers, and instead allow other wireless uses on the frequencies, according to people familiar with the matter.Pai intends to set a Dec. 12 vote by the commission, where he leads a Republican majority, on the proposal to modify the grant of airwaves the agency made 20 years ago, said two people briefed on the plan. They spoke on condition of anonymity because the matter hasn’t been made public.The FCC vote would request comments on letting Wi-Fi gadgets occupy …read more […]
Global oil refiners have upgraded processing units and adjusted operations to raise output of low-sulphur residual fuels and marine gasoil (MGO) to prepare for stricter shipping fuel standards that kick in on Jan. 1, 2020.
Oil prices rose more than 2% on Wednesday after a better-than-expected U.S. crude inventories report and as Russia said it would continue its cooperation with OPEC to keep the global oil market balanced.
Global stock markets stumbled and the dollar climbed on Wednesday after China condemned U.S. Senate legislation aimed at protecting human rights in Hong Kong, the latest obstacle to reaching a deal in a prolonged Sino-U.S. trade dispute that has weighed on growth worldwide.
Small car platforms developed by France’s Peugeot should be favored if plans to merge PSA and Fiat Chrysler go ahead, PSA executive Gaetano Thorel told Reuters on Wednesday.
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