Business

New Chevrolet electric auto coming, $300M investment in MI plant

New Chevrolet electric auto coming, $300M investment in MI plant Looking to the future, the real meat of GM's investment into next-generation electric vehicles is slated for its Cadillac mark, when the time comes. "This is a significant investment in GM's electrification future". In November, GM announced plans to shut the four USA factories and one in Canada. Last month, the company stopped building the Chevrolet Volt plug-in hybrid hatchback, and in January... [Full Article...]

CVS Pharmacy to Sell CBD-Based Products in Indiana

CVS Pharmacy to Sell CBD-Based Products in Indiana The drug store said they will carry topical creams, sprays and lotions infused with the non-psychoactive cannabinoid CBD. Retail pharmacy chain CVS Health Corp (NYSE: CVS ) will start carrying CBD products from Axcentria's Elevate CBD brand and will soon offer Curaleaf Holdings Inc (OTC: CURLF ) products in select stores across the United States. [Full Article...]

Volvo's Cars Will Watch You While You Drive

Volvo's Cars Will Watch You While You Drive Volvo believes fatal accidents involving intoxication and distraction can be addressed via cameras and sensors that monitor the driver. "When it comes to safety, our aim is to avoid accidents altogether rather than limit the impact when an accident is imminent and unavoidable". [Full Article...]

Fed Reserve holds rates steady amid weakening housing market

Fed Reserve holds rates steady amid weakening housing market U.S. Federal Reserve Chairman Jerome Powell holds a news conference following the two-day Federal Open Market Committee (FOMC) policy meeting in Washington, U.S., March 20, 2019. "The Fed no longer has an appetite for tightening rates above" a level that would slow the economy, Al-Hussainy said. "Given the overall favorable conditions in our economy, my colleagues and I will be patient in as... [Full Article...]

Facebook Revamps Its Ad-Targeting System To Stop Discrimination

Facebook Revamps Its Ad-Targeting System To Stop Discrimination Facebook Inc has agreed to change its paid advertising platform as part of a wide-ranging settlement to prevent discriminatory and "harmful" practices, the company and USA civil rights groups said on Tuesday. Most of Facebook's revenue comes through its sophisticated advertising platform that lets advertisers select who sees their ads. The company defended the use of its so-called "ethic affin... [Full Article...]

Asian shares mixed in muted trading ahead of US Fed meeting

Asian shares mixed in muted trading ahead of US Fed meeting In its statement, the Fed laid out a plan for stemming the reduction of its balance sheet: In May, it will slow its monthly reductions in Treasurys from $30 billion to $15 billion and end the runoff altogether in September. They see the slim down as akin to more interest rate increases. All of which suggests that the Fed may recognize that it went too far after it met in December. [Full Article...]

Second U.S. jury finds Bayer's Roundup caused cancer

Second U.S. jury finds Bayer's Roundup caused cancer The decision in Edwin Hardeman's case is a landmark verdict that could impact hundreds of other similar lawsuits, according to The Guardian newspaper in the United Kingdom. Today's verdict in favor of a California man who said his cancer was caused by exposure to Bayer AG's Roundup weedkiller is further evidence that glyphosate, the herbicide's active ingredient, is carcinogenic to humans, said ... [Full Article...]

Fisker Inc.'s Sub-$40K All-Electric SUV for 2021

Fisker Inc.'s Sub-$40K All-Electric SUV for 2021 It'll be priced from under $40,000, the automaker says, when it goes on sale in the second half of 2021, with Fisker intending to sell direct to customers. Reservations for the vehicle will be available closer to the production date. Fisker promises a spacious interior with a large heads-up display and a dash with an intuitive user interface. [Full Article...]

Apple must pay $31m to Qualcomm in patent dispute

Apple must pay $31m to Qualcomm in patent dispute Qualcomm jumped as much as 3.5 percent before finishing up 2.2 percent at the close in NY trading. The disputed patents pertain to technology for graphics processing and battery power conservation, which Qualcomm claims improves the efficiency and reduce the cost of smartphones. [Full Article...]

Trump Urges General Motors To Reopen Ohio Plant In Tweet

Trump Urges General Motors To Reopen Ohio Plant In Tweet Mr. Trump tweeted over the weekend and through Monday morning about his frustration with the plant's closure, claiming that "car companies are all coming back to the U.S." and touting the USA economy as "the envy of all". Trump travels to politically important OH this week. The dispute centers on GM's November 2018 decision to close plants across North America in a broader bid to be more compe... [Full Article...]

RCom boss opts to pay Ericsson bill rather than go to prison

RCom boss opts to pay Ericsson bill rather than go to prison The SC bench, comprising Justices R F Nariman and Vineet Saran, said the three Reliance companies failed to adhere to the 120 days deadline and 60 days extra given by the apex court to pay the required amount to Ericsson. "The said transactions have become incapable of being consummated in accordance with the terms thereof, on account of various factors and developments since the execution of the ... [Full Article...]

Tesla Model Y starts at $47K in late 2020

Tesla Model Y starts at $47K in late 2020 Instead, it's about having the styling cues of an SUV, but being based on a passenger auto platform underneath. Let's have a quick look at what Tesla has offered in its much-awaited Model Y . Its most important vehicle, the upcoming Model Y , is already beginning to feel like more than just the SUV equivalent of the Model 3. The rest of the cabin layout is similar to what Tesla is skilful ... [Full Article...]

China Jan-Feb steel output rises from December on strong margins

China Jan-Feb steel output rises from December on strong margins Data released on Thursday showed that refineries' output in China in the first two months of 2019 increased by 6.1 percent compared to a year ago based on a daily basis record because the emerging privately owned refineries started the operations of their processing facilities. [Full Article...]

Facebook: two top executives to leave company

Facebook: two top executives to leave company WhatsApp co-founder Jan Koum left over disagreements with the Facebook leadership over WhatsApp's privacy and encryption. The future of Facebook's business will depend more on ephemeral posts , like those in Instagram Stories, Zuckerberg has said. [Full Article...]

Uber plans to kick off IPO

Uber plans to kick off IPO The company, based in San Francisco , could hit a valuation of $120 billion when it reaches the stock market. Uber will actually get beaten to an IPO by its smaller rival, Lyft, which is expected to complete its IPO in the coming weeks. Uber Chief Executive Officer Dara Khosrowshahi will be tasked with convincing investors that he has successfully changed the company's culture and business prac... [Full Article...]

Major League Baseball history: Celebrating Pi Day throughout the game

Major League Baseball history: Celebrating Pi Day throughout the game The Village Inn will offer $2 off any whole pie today in honor of Pi Day , but only in restaurants and at participating locations. March 14 also happens to be the birthday of scientist Albert Einstein, and many enjoy commemorating the special day by eating edible pies like pizza , dessert pies and pot pies. [Full Article...]

Jury Awards $29.4 Million in Talcum-Cancer Trial

Jury Awards $29.4 Million in Talcum-Cancer Trial The jury, in the California Superior Court in Oakland, awarded Leavitt and her husband $29.4 million in damages. The jury decided against awarding punitive damages, which are created to punish the defendants - in this case Johnson & Johnson and the other companies involved in making the talcum powder - for reckless or negligent behavior. [Full Article...]

Spotify steps up music-streaming wars, filing antitrust complaint against Apple

Spotify steps up music-streaming wars, filing antitrust complaint against Apple For instance, the HomePod or Apple Watch is only compatible with Apple Music at the moment while Spotify is off bounds on both platforms. Before it stopped selling Premium subscriptions through the App Store in 2016, it had one of the highest-grossing apps in the USA and around the world. [Full Article...]

Markets Right Now: Stocks end mostly higher; Boeing falls

Markets Right Now: Stocks end mostly higher; Boeing falls The S&P 500 and Nasdaq rose on Tuesday after tame inflation data supported the Federal Reserve's dovish stance on rate hikes, but the Dow was down as Boeing's shares extended sharp losses from the day before. Later, other countries including Australia, Malaysia and Singapore , as well as some carriers in Latin America, announced moves to ground flights with the aircraft. [Full Article...]

Happy Pi Day! Where to get pizza, pie deals

Happy Pi Day! Where to get pizza, pie deals So, you can celebrate Einstein's birthday and a crazy-long decimal with your favorite type of pizza or pie. Lotsa will also be running the same deal at their location in Baltimore (Towson 319 York Road.) They will be selling any of their pies for $3.14 from 11am. [Full Article...]


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