Toyota to Take 5 Percent Stake in Mazda and Build Joint US Plant
The announcement by Toyota and Mazda earned a congratulatory tweet from the president early Friday. “Toyota & Mazda to build a new $1.6B plant here in the U.S.A. and create 4K new American jobs. A great investment in American manufacturing!” he wrote. Seven months earlier he had warned Toyota in a tweet that moving operations to Mexico could result in a “big border tax.” Toyota & Mazda to build a new $1.6B plant here in the U.S.A. and create 4K new American jobs. A great investmen..>> view originalHow a steak dinner with Elon Musk in 2008 scored this man the very first Tesla Model S, serial number 00001
Samantha Lee/Business Insider Jason Calacanis. Robert Scoble/Flickr During the financial crisis, Elon Musk was in a bad place. SpaceX, his rocket company, had failed on numerous launch attempts. His other company, Tesla, was running dangerously low on cash. Jason Calacanis, a friend of Musk's from his days running a popular internet magazine called Silicon Alley Reporter, grabbed a steak dinner with the dejected founder in Hollywood. He asked him how his..>> view originalUS finalizes deal for new Air Force One jets once destined for Russian airliner
A Boeing spokesperson told CNN the two aircraft in question were originally destined for a now bankrupt Russian airline."The Air Force awarded a contract modification to Boeing on Aug. 4, 2017, to purchase two commercial 747-8 aircraft for future modification to replace the two aging VC-25A Presidential support aircraft," Air Force spokesperson Ann Stefanek said in a statement, using the military's official name for the Air Force One 747 aircraft. President Donald Trump had been fiercely critica..>> view originalActivist Ackman looks for board seats, better returns at payroll firm ADP
(Reuters) - Billionaire investor William Ackman on Friday said his hedge fund had taken an 8 percent stake in Automatic Data Processing Inc (ADP.O) and plans to ask for board seats so he can push the U.S. human resources outsourcing company to cut costs and improve its returns. Ackman's move on ADP, which has a market value of about $50 billion, comes as the leader of Pershing Square Capital Management looks for a big win following money-losing investments in debt-laden drugmaker Valeant Pharma..>> view originalApplied Opto Plunges: Overreaction, Say Bulls; Business Going Away, Say Bears
Shares of fiber-optic component maker Applied Optoelectronics (AAOI) are down $25.62, or 26%, at $72.37, extending last night’s losses, after the company beat its already heightened outlook for Q2, but forecast revenue this quarter that missed consensus by a wide-margin, saying it is dealing with a slowdown in purchases of its 40-gigabit optical transceivers by a single large customer. The results and outlook have shifted no one in the bull-bear debate. Bears take it as confirmation the compan..>> view originalEx-VW Official Admits Role in Emissions Cheating -- WSJ
This article is being republished as part of our daily reproduction of WSJ.com articles that also appeared in the U.S. print edition of The Wall Street Journal (August 5, 2017). A former Volkswagen AG compliance executive pleaded guilty to criminal charges stemming from his role in the German auto maker's yearslong emissions-cheating deception. Oliver Schmidt, a German citizen who for several years headed Volkswagen's environment and engineering office in Auburn Hills, Mich., pleaded guilty i..>> view originalEconomy adds impressive 209K jobs in July
The U.S. economy added a solid 209,000 jobs in July, exceeding economists’ estimates as the labor market shows few signs of slowing down. The unemployment rate last month fell to 4.3 percent from 4.4, the Labor Department reported on Friday. The labor market has churned out nearly 1.3 million jobs in the first seven months of the year, maintaining the momentum that started nearly seven years ago under President Barack ObamaBarack ObamaOvernight Tech: Senate panel approves FCC nominees | Dem grou..>> view originalMartin Shkreli is found guilty of three of eight securities fraud charges
Martin Shkreli, a former pharmaceutical CEO, was convicted of three counts of securities fraud on Aug. 4. (Monica Akhtar/The Washington Post) NEW YORK — A Brooklyn jury on Friday found Martin Shkreli, the former hedge fund manager notorious for brazenly raising the price of a critical drug, guilty of defrauding his investors. Shkreli shook his head in apparent disbelief as the first of three guilty verdicts was read. His father, who attended every day of the more than four-week trial, put..>> view originalUAW Defiant in Mississippi Loss as Union Opponents Celebrate
By JEFF AMY, Associated Press CANTON, Miss. (AP) — Supporters of the United Auto Workers say they're not giving up their fight to unionize a Nissan auto assembly plant in Mississippi after a stinging defeat, even as UAW opponents say Friday's loss proves workers don't want the union. More than 62 percent of workers voting in a two-day election at Nissan Motor Co.'s Canton plant voted against the UAW, with 2,244 ballots against the union according to the National Labor Relations Board. V..>> view originalUnited Technologies Weighs Deal for Rockwell Collins
Jet-engine manufacturer United Technologies Corp. is weighing an acquisition of aviation-equipment supplier Rockwell Collins Inc., according to people familiar with the matter, in a deal that would potentially rank among the largest ever in the aerospace industry.Rockwell Collins has a market value of $19.3 billion, raising the prospect that a transaction would top United Technologies’ own $18 billion purchase of Goodrich Corp. in 2012. Billionaire Warren Buffett’s Berkshire Hathaway Inc. compl..>> view original
Tuesday, September 12, 2017
Toyota to Take 5 Percent Stake in Mazda and Build Joint US Plant and other top stories.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment