Business

Elon Musk says he can rebuild Puerto Rico's shattered power grid

Elon Musk says he can rebuild Puerto Rico's shattered power grid By way of solar power and batteries . Tesla has already done similar battery and solar power projects with the Kauai Island Utility Cooperative in Hawaii and in American Samoa. A casual comment on Twitter by Tesla CEO Elon Musk about rebuilding Puerto Rico's power grid using solar technology is being treated seriously by the storm-ravaged island's top elected officials. [Full Article...]

Manufacturing Loses 1000 Jobs in September While Durable Goods Gain

Manufacturing Loses 1000 Jobs in September While Durable Goods Gain The median forecast called for 100,000 jobs to be added in September and the unemployment rate to hold steady at 4.4%. The jobless rate dropped to 4.2%, the lowest since 2001. The number of unemployed persons declined by 331,000 to 6.8 million . People are still considered employed even if they missed work and were unpaid as a result. [Full Article...]

Uber Board Approves Series of Corporate Reforms

Uber Board Approves Series of Corporate Reforms He appointed former Xerox CEO Ursula Burns and former Merrill Lynch CEO John Thain to the board Friday "in light of a recent Board proposal to dramatically restructure the board and significantly alter the company's voting rights ", Kalanick said at the time. [Full Article...]

United Kingdom police release report on ex-premier's abuse claims

United Kingdom police release report on ex-premier's abuse claims These relate to separate people who did not know each other, each in a different location and time period. He said the police had the duty to protect and safeguard children and vulnerable adults. "This gives entirely bogus credibility to their investigation without meaning anything in forensic terms". Lincoln Seligman, Heath's godson, is reportedly calling for a judicial inquiry into how the... [Full Article...]

Las Vegas killer placed cameras in hotel

Las Vegas killer placed cameras in hotel Video shows the Las Vegas hotel suite from which Stephen Paddock unleashed a firestorm on concertgoers. Marilou Danley , 62, landed at Los Angeles International Airport on a flight from the Philippines and was escorted by FBI agents, multiple law enforcement sources familiar with the investigation confirmed to NBC News . [Full Article...]

New era of solar power evident on the horizon: IEA

New era of solar power evident on the horizon: IEA The US is to be the second-largest growth market for renewables despite uncertainties about the policy. "This growth is enough to overtake renewable expansion in the European Union for the first time". The IEA predicts that in the next five years, growth in renewable generation will be twice as large as that of gas and coal combined. In terms of power generation, renewable electricity is expec... [Full Article...]

FBI Hopes Paddock's Girlfriend Can Provide Insight Into Las Vegas Attack

FBI Hopes Paddock's Girlfriend Can Provide Insight Into Las Vegas Attack At least 20 of the survivors admitted to one of several hospitals in the area, University Medical Center, remained in critical condition on Tuesday, doctors said. "I didn't even know he knew about guns", Mr Knights said. A 42-year-old U.S. Army veteran who served as a sniper in Iraq immediately began tending to the wounded. [Full Article...]

Tesco celebrates growth with first dividend payment since 2014

Tesco celebrates growth with first dividend payment since 2014 Mr Lewis said that Tesco was "shocked" by the discovery and that the supermarket had audited the factory's food quality commitments. Mr Lewis cheered the group's move to resume paying shareholder dividends for the first time since it was thrown into crisis after an accounting scandal in 2014, with a 1p a share interim payout. [Full Article...]

Ford plans to increase SUV and truck production

Ford plans to increase SUV and truck production Ford's decision to abstain from giving a 2018 profit forecasts also left Wall Street on edge. According to Bob Shanks, CFO Ford the 8 % goal attainment could take up to 2020 or later. U.S. automaker Ford Motor Co is overhauling its China plans as its global "One Ford" strategy is holding it back in the world's biggest auto market, two high-ranking company insiders told Reuters . [Full Article...]

Wells Fargo CEO Faces Calls to Resign on Capitol Hill

Wells Fargo CEO Faces Calls to Resign on Capitol Hill Responding to Warren's criticism, Sloan acknowledged he had made mistakes, but said the bank has made fundamental changes to how it does business since a year ago. An expanded internal review revealed in August that the number of fake accounts opened was around 3.5 million, rather than the 2.1 million that was originally estimated past year . [Full Article...]

Hammerstein Ballroom: Stage Prop Falls, Injures Marilyn Manson In New York City

Hammerstein Ballroom: Stage Prop Falls, Injures Marilyn Manson In New York City According to the magazine, Manson lay on the stage for several minutes, as workers yelled for ice to be brought out. They went on: 'The shows from Boston, October 2 through Houston, October 14 will be rescheduled for a later date. Variety reported that the band was playing a cover of the Eurythmics' " Sweet Dreams (Are Made of This )". After pulling himself back onstage, Manson told the cro... [Full Article...]

GM Promises Two New EVs in 18 Months, Plans All-Electric Future

GM Promises Two New EVs in 18 Months, Plans All-Electric Future This year, GM has sold just under 12,000 Bolts in the U.S. Infrastructure challenges remain, with additional charging stations needed to keep vehicles powered and avoid stranded motorists. Using a hydrogen fuel cell would make the vehicle emissions free. The Bolt EV has been well-reviewed, particularly for its 236 miles of EPA-certified range, though the hatchback body style is not the most popula... [Full Article...]

Monarch Airlines stops trading - latest info and your rights

Monarch Airlines stops trading - latest info and your rights Monarch Airlines confirmed it has ceased trading following failed negotiations with the Civil Aviation Authority (CAA ). If you've booked a holiday with Monarch sometime in the near future, you're in trouble. The airline said companies affected by its failure include Monarch Airlines Ltd, Monarch Holidays Ltd, First Aviation Ltd, Avro Ltd and Somewhere2stay Ltd. [Full Article...]

Italy's Manufacturing Growth Steady At 6-1/2 Year High

Italy's Manufacturing Growth Steady At 6-1/2 Year High The Philippines last month managed to land second place in Southeast Asia behind Vietnam in terms of growth of manufacturing activity, but the improvement was its second weakest since its inclusion in January past year in the survey IHS Markit conducts for Nikkei, Inc. [Full Article...]

Nigel Farage Tells LBC New Leader Henry Bolton Gives Ukip "Hope"

Nigel Farage Tells LBC New Leader Henry Bolton Gives Ukip Based in Folkestone, the former soldier and police officer was considered to be a front-runner in the contest and had seen the odds on him winning fall dramatically in recent weeks. "Brexit is our core task", Bolton announced. "If you look at the things I've done, you'll see a certain degree of endurance there, both physical, emotional and political", he said. [Full Article...]

Trump Meets With Warsh About Top Fed Job

Trump Meets With Warsh About Top Fed Job Under her leadership, the Fed has slowly increased its benchmark interest rate, which was reduced to nearly zero in the wake of the crisis. "In terms of policy, I think it is fair to say that Warsh is less dovish than Yellen", said Stephen Stanley, chief economist at Amherst Pierpont Securities in NY. [Full Article...]

Real Madrid's Gareth Bale has calf strain, but 'nothing important' - Zidane

Real Madrid's Gareth Bale has calf strain, but 'nothing important' - Zidane When asked about whether Cristiano Ronaldo has hinted for a contact renewal or not, the manager said that the Portuguese worldwide is in good shape and is most interested in scoring goals by playing more matches. Oscar Duarte remains out injured with a long-term injury, although Javi Fuego is back from sickness and can feature alongside Sergi Darder in midfield. [Full Article...]

Critics say Trump tax plan could hurt New Yorkers

Critics say Trump tax plan could hurt New Yorkers Yet the proposal, announced on September 27, does none of these things. The GOP tax framework unveiled this week would spread tax cuts across all income groups, with the richest Americans seeing the biggest windfall. There is less public support for raising taxes on higher-income households. Their shareholders, consumers and workers do. "Shareholders and corporate executives do not need ... [Full Article...]

Air France flight to Los Angeles diverted after engine damage

Air France flight to Los Angeles diverted after engine damage Air France has immediately sent personnel from Montreal and NY on site to take care of the passengers. The plane was about an hour off the coast of Canada when the incident occurred, Miguel Amador, a passenger on the flight, said. One passenger tweeted that the engine had "blown apart" over the Atlantic. Air France said in a statement on social media: "AF66 landed safely". An worldwide fligh... [Full Article...]

It's National Coffee Day! Freebies, Deals In Metro Detroit

It's National Coffee Day! Freebies, Deals In Metro Detroit Cinnabon: Get a free 12-ounce coffee all day Friday, September 29th. Several businesses are celebrating by offering free or discounted coffee. Krispy Kreme is turning National Coffee Day into an all-weekend event, with free premium blend coffee available on Friday, Saturday and Sunday. [Full Article...]


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