Business

Foxconn will build Wisconsin factory after talk with Trump

Foxconn will build Wisconsin factory after talk with Trump The decision is also based on a recent comprehensive and systematic evaluation to help determine the best fit for Foxconn's Wisconsin project among TFT (Thin Film Transistor) technologies, according to the statement. "The U.S.is the biggest market in the world", Gou said on Saturday. The 20m-sq-ft campus marked the largest investment for a brand new location by a foreign-based company in USA... [Full Article...]

BP to be more transparent about climate efforts amid investor concerns

BP to be more transparent about climate efforts amid investor concerns BP PLC (LON:BP) has agreed to align its business more closely with the goals of the 2015 Paris climate change agreement. But BP urged investors to reject a tougher climate resolution brought by a Dutch shareholder activist group, which it said was too prescriptive. [Full Article...]

Despite government shutdown, US jobs are on the rise

Despite government shutdown, US jobs are on the rise The Federal Reserve said this week that it would hold off on interest rate hikes for at least the next several months, giving Wall Street the best of both worlds: Good economic news, and less fear that it will lead to the Fed tightening the money supply. [Full Article...]

Amazon net sales increased 20 percent to $72.4 billion in Q4 2018

Amazon net sales increased 20 percent to $72.4 billion in Q4 2018 It's harder to keep growing fast with quarterly sales that stretch to 11 digits. Amazon's net income rose to US$3.03 billion, or US$6.04 per share, in the quarter ended Dec.31 from US$1.86 billion, or US$3.75 per share, a year earlier, which included a tax gain. [Full Article...]

Consumers Asks Customers to Reduce Gas Usage After Fire

Consumers Asks Customers to Reduce Gas Usage After Fire Michigan State Police released a statement Wednesday evening asking citizens to ease the burden on the natural gas supply by dropping thermostats as low as 65 degrees when at home, blocking leaks where heat might escape, and unplugging devices not in use. [Full Article...]

Confirmation Italy is in recession makes European Central Bank rate rises less likely

Confirmation Italy is in recession makes European Central Bank rate rises less likely The 0.2 percent contraction - following a 0.1 percent fall in the third quarter - will put pressure on the populist government in the eurozone´s third largest economy, which took power in June on the back of big-spending electoral promises. [Full Article...]

Toll in Brazil dam disaster rises to 115 dead, 248 missing

Toll in Brazil dam disaster rises to 115 dead, 248 missing Brazilian judicial officials on Thursday ordered the freezing of another 800 million reals (about 220 million USA dollars) of mining giant Vale's assets over the collapse of the company's tailings dam in the southeastern state of Minas Gerais . [Full Article...]

FDI in e-commerce: Flipkart miffed with government for not extending deadline

FDI in e-commerce: Flipkart miffed with government for not extending deadline Starting February 1, foreign-owned e-commerce services like Amazon and Flipkart will not be able to sell products of the companies in which they have stake and will also be barred from reaching deals with vendors to only sell on one platform, a move they have said will cause 'significant customer disruption'. [Full Article...]

Unilever warns of 'challenging' 2019 after missing sales expectations

Unilever warns of 'challenging' 2019 after missing sales expectations The Anglo-Dutch group reported sales growth of 2.9 per cent, which was below a consensus forecast of 3.5 per cent. Unilever plc (LON: ULVR ) shares dropped as the consumer goods giant reported fourth quarter sales that missed expectations and said it anticipates challenging market conditions to persist this year. [Full Article...]

United Kingdom government plans new safety symbol in case of no deal Brexit

Gibraltar's Chief Minister Fabian Picardo accused Madrid of trying to "bully" the British Overseas Territory by rejecting British demands for the footnote to be removed. Those, among other things, limit the weight given to the preferences of people living in a territory; Gibraltarians favour remaining British, despite having voted overwhelmingly against Brexit in the 2016 referendum. [Full Article...]

Second Apple employee arrested for stealing self driving tech secrets

Second Apple employee arrested for stealing self driving tech secrets Apple deleted the photos, with Chen's permission, before returning the phone to him. Chen was brought on the team as a hardware developer. According to the court document, Apple's security and employee relations staff initially conducted an investigation of Chen, after an unidentified Apple employee became suspicious of Chen upon spotting him taking wide-angle photos in a sensitive workspace in ... [Full Article...]

Tesla shares drop as Musk announce CFO change after earnings call

Tesla shares drop as Musk announce CFO change after earnings call The latest earnings were down from the $312 million profit the company pulled in during the previous quarter. Before Musk added that coda at the end of the call I was working on an article on Tesla's extraordinary decline in reported capital expenditures in the fourth quarter. [Full Article...]

Facebook-WhatsApp integration not before 2020: Mark Zuckerberg

Facebook-WhatsApp integration not before 2020: Mark Zuckerberg He confirmed that Facebook is thinking about merging the infrastructure of the three messaging apps into one. Instagram's daily active users were not reported, though Zuckerberg says more than 2 billion people use at least one of Facebook's properties every day. [Full Article...]

California power market not impacted by PG&E bankruptcy: grid operator

California power market not impacted by PG&E bankruptcy: grid operator These promises will likely come up in a Wednesday hearing where the federal court judge overseeing PG&E's criminal probation for its role in causing the deadly 2010 San Bruno pipeline explosion will consider ordering PG&E to reinspect , fix and clear vegetation from the entirety of its 106,000 miles of transmission and distribution grid by the start of summer this year. [Full Article...]

Amazon first-quarter sales forecast misses estimates, shares down

Davidson. Yet, investors turned their attention overseas where Amazon has long lost money in the hopes of future profit. On the other hand, the company should benefit from its rapidly growing advertising business, which is focused on getting retailers to pay for ads within Amazon to improve their online sales. [Full Article...]

VW ID Buggy REVEALED - Volkswagen’s iconic buggy reborn as electric auto

VW ID Buggy REVEALED - Volkswagen’s iconic buggy reborn as electric auto Originally sold as a kit vehicle back in 1964 by Bruce Meyers for desert racing, the buggy has a cult-like following and rich history of cheeky fun. It is, as Volkswagen Head Designer Klaus Bischoff calls it, "vibrancy and energy on four wheels". [Full Article...]

Foxconn reconsiders Wisconsin factory plans

Foxconn reconsiders Wisconsin factory plans It later said it would build smaller LCD screens instead. " In Wisconsin we're not building a factory ", Louis Woo, special assistant to Foxconn chief executive Terry Gou, told Reuters . The Taiwanese electronics giant, which supplies Apple, said Wednesday that it is considering doing research and development at the facility it originally said would be a manufacturing plant. [Full Article...]

USA confirms China trade talks to begin this week in Washington

USA confirms China trade talks to begin this week in Washington Trump also wants to cut the soaring USA trade deficit with China, which in 2017 hit a record $375 billion, not including trade in services. As the charges were announced at a separate event from Mnuchin's briefing, Commerce Secretary Wilbur Ross told reporters the two matters were not at all related. [Full Article...]

Fed leaves interest rates steady, says will be 'patient' on future hikes

Fed leaves interest rates steady, says will be 'patient' on future hikes Benchmark U.S. Treasury yields, which tend to set the bar for global borrowing costs, had dived significantly and Europe's big move saw Italian 2-year yields hit their lowest since May. Read: We're good for now. Ignoring Trump , the Fed had raised rates by four times in 2018, with the last increase coming in at December review. So what has changed since December to change the Fed's mind on rate... [Full Article...]

Tesla posts higher earnings but still falls short

Tesla posts higher earnings but still falls short With 63,359 Model 3s delivered to customers in North America alone in the fourth quarter of 2018 and reports of high demand already in Europe, Tesla says it has improved its assembly line to the point that it will be able to sustain production of 7,000 units a week at its Fremont factory by the end of 2019. [Full Article...]


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