Category Archives: business

Alcoa misses estimate as Brazil drought hits production

(Reuters) – Aluminum producer Alcoa Corp’s profit and revenue both missed market estimates for the fourth quarter as a drought in Brazil hit bauxite production and higher power prices in Spain boosted expenses, the company said on Wednesday.

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Automakers, U.S. lawmakers hope for progress on self-driving car bill

DETROIT (Reuters) – Automakers and lawmakers expressed hope on Tuesday that U.S. Congress would soon pass a stalled bill aimed at speeding self-driving cars to market, even as safety advocates argued for more performance requirements.

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Global carmakers to invest at least $90 billion in electric vehicles

DETROIT (Reuters) – Ford Motor Co’s plan to double its electrified vehicle spending is part of an investment tsunami in batteries and electric cars by global automakers that now totals $90 billion and is still growing, a Reuters analysis shows.

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Ford ups electric vehicle plans to $11 billion by 2022: executive

(Reuters) – Ford Motor Co will increase significantly its planned investments in electric vehicles to $11 billion by 2022, Chairman Bill Ford told reporters on Sunday at the Detroit auto show.

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Exclusive: Current and former Uber security staffers cast doubt on spying claims

SAN FRANCISCO (Reuters) – The former security chief of Uber Technologies Inc. swore in a closed legal proceeding that he knew of no attempts to steal trade secrets from anyone, including Alphabet Inc’s self-driving unit Waymo, and would be “shocked” if that had occurred.

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Fiat Chrysler recalls 162,000 minivans over glitch that may cause stall

WASHINGTON (Reuters) – Fiat Chrysler Automobiles NV said on Friday it was recalling more than 162,000 2017 Chrysler Pacifica minivans because a software glitch may cause the vehicles to stall.

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More layoffs at Indiana factory Trump made deal to keep open

INDIANAPOLIS (Reuters) – More than 200 workers clocked in for their final shifts on Thursday at Carrier Corp. in Indianapolis in the latest round of layoffs at a plant President Donald Trump toured in December 2016 to trumpet a deal to save jobs and prevent its closure.

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Ford sued by truck owners alleging diesel emissions cheating

DETROIT (Reuters) – Ford Motor Co installed software that enabled its F-250 and F-350 Super Duty trucks to cheat at passing federal emissions tests, according to a lawsuit by truck owners filed on Wednesday, a claim the No. 2 U.S. automaker described as “baseless.”

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Road to bitcoin ETF paved with red tape

NEW YORK (Reuters) – The going is getting tough for U.S. companies hoping to win the race to bring a bitcoin exchange-traded fund to market.

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S&P keeps New Year's rally alive, Dow eases

(Reuters) – The S&P 500 extended its winning streak for 2018 on Monday although its advance slowed to a crawl as the healthcare and financial sectors weighed and investors awaited the start of the quarterly earnings season.

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