Business


Tesla Autopilot to get 'Mad Max' mode Tesla Autopilot to get 'Mad Max' mode
- June 27, 2018

That means the Semi would require less room between it and the auto in front of it when making a lane change. Given that order, Mad Max is going to be really, really aggressive. Tesla now offers two tiers of Autopilot to buyers. System can cope with all weather, traffic and lighting conditions. Tesla uses this mode to test different features and modes of Autopilot, but it's not available for Tesla owners. (more...)
EU Withdrawal Bill officially becomes law EU Withdrawal Bill officially becomes law
- June 26, 2018

Speaker John Bercow said that the EU Withdrawl Bill received royal assent from Queen Elizabeth II, resulting in the bill becoming law. A Scottish Saltire (C) flies between a Union flag (R) and a European Union (EU) flag, in front of the Scottish Parliament building in Edinburgh, on March 13, 2017. (more...)
GE to spin off healthcare unit, divest Baker Hughes stake
- June 26, 2018

GE is betting that these sweeping changes will strengthen its balance sheet. The news comes one day after GE said it was selling its industrial gas-engine business to Boston's Advent International for $3.25 billion. But its shares have been cut in half over the past year, drastically reducing the market capitalization of General Electric. GE has faced tough competition for medical imaging machines, which include MRI scanners and ultrasound devices, from rivals Philips and Siemens as well ... (more...)
Trump lobs new threats against countries trading with the US Trump lobs new threats against countries trading with the US
- June 26, 2018

President TrumpDonald John TrumpGOP lawmakers preparing to vote on bill allowing migrant children to be detained longer than 20 days: report Wasserman Schultz: Infants separated from their parents are in Florida immigrant shelters Ex-White House ethics chief: Sarah Sanders tweet violates ethics laws MORE on Sunday warned other countries that the US would retaliate if they placed trade barriers and tariffs on USA exports. (more...)
U.S. to limit Chinese investment in American tech firms U.S. to limit Chinese investment in American tech firms
- June 26, 2018

The escalation of the tit-for-tat tariff spooked Wall Street, sending stocks to their biggest one-day slide in months. US President Donald has been complaining since his election campaign that Beijing is taking advantage of the US in terms of trade, while lawmakers have frequently raised concerns over US technology stolen by China . (more...)
Erdogan declared victor of Turkey presidential polls Erdogan declared victor of Turkey presidential polls
- June 26, 2018

Election board chief Sadi Guven said officials were taking "administrative and judicial initiatives" over reported security problems as people voted in Sanliurfa, in the country's southeast, according to Turkey's state-run Anadolu news agency. (more...)
Harley-Davidson moves some production from U.S. due to tariffs Harley-Davidson moves some production from U.S. due to tariffs
- June 26, 2018

Harley-Davidson believes the tremendous cost increase, if passed onto its dealers and retail customers, would have an immediate and lasting detrimental impact to its business in the region, reducing customer access to Harley-Davidson products and negatively impacting the sustainability of its dealers' businesses. (more...)
Escalating trade fight weighs on global stocks, boosts Treasuries Escalating trade fight weighs on global stocks, boosts Treasuries
- June 26, 2018

The so-called FANG stocks - Facebook , Amazon, Netflix and Alphabet - tumbled between 3.2 percent and 6.6 percent, with investors taking profits after the four stocks hit record highs last week. That triggered threats of further tariffs on European cars from Trump. In a concrete outcome of the tit-for-tat trade blows, U.S. motorbike maker Harley-Davidson said late Monday it planned to shift some manufacturing overseas to avoid retaliatory European tariffs imposed last week. (more...)
Trump tries to talk Harley-Davidson out of moving manufacturing overseas Trump tries to talk Harley-Davidson out of moving manufacturing overseas
- June 26, 2018

The European Union said it plans to increase duties on a range of USA imports, including Harley-Davidson motorcycles , in retaliation for the Trump administration's new tariffs on EU metal exports. But the International Association of Machinists and Aerospace Workers, which represetns Harley-Davidson workers in Missouri, Pennsylvania and Wisconsin, denounced the move as a pretext and a "slap in the face" to the company's workforce. (more...)
Harley workers are first casualties in trade war Harley workers are first casualties in trade war
- June 26, 2018

In late May, the USA announced new tariffs of up to 25 percent on steel and aluminum imports from allies Mexico, Canada and the EU. With the Trump administration reportedly set to crack down on Chinese investment in certain technologies, American tech giants like Netflix , Amazon, Google , and Facebook shed significant shareholder value today, as the sector bore the brunt of spiraling investor concerns. (more...)
Trade worries weigh on Wall Street, tech stocks suffer Trade worries weigh on Wall Street, tech stocks suffer
- June 26, 2018

Harley-Davidson tumbled 5.8 percent after it forecast additional costs due to higher European Union tariffs on motorbikes imported from the United States. Trade Representative Robert Lighthizer. It has fallen to 74.1 U.S. cents, 55.8 British pence, 63.3 Euro cents and 81.3 Japanese yen. Brent crude prices fell about 1.7 percent as investors prepared for an extra 1 million barrels per day in output to hit the markets after OPEC and its partners agreed to raise production. (more...)
Europe to retaliate if US imposes auto tariffs
- June 26, 2018

The EU and China agreed to set up a working group to update the WTO to better equip it for the contemporary world, Katainen said at a press conference late Monday in Beijing . The bloc imposed tariffs on $3.3 billion of American products Friday in response to United States barriers on imports of aluminium and steel, triggering threats of further tariffs on European cars from Trump. (more...)
Iran economic protests shut Tehran's Grand Bazaar Iran economic protests shut Tehran's Grand Bazaar
- June 26, 2018

The Grand Bazaar was closed on Monday during the protests . The Iranian rial plunged to a record low against the USA dollar on the unofficial market on Sunday, continuing its slide amid fears of returning US sanctions after President Donald Trump in May withdrew from a deal on Tehran's nuclear program. (more...)
Amazon Employees Protest Selling Facial Recognition Tech to Gov't Amazon Employees Protest Selling Facial Recognition Tech to Gov't
- June 25, 2018

PI asked if any of Reuters' or its subsidiaries' products or services have been used to identify families for immigration enforcement, and called on it to "commit to not providing products or services to United States immigration agencies which may be used to enforce such cruel, arbitrary, and disproportionate measures". (more...)
Harley-Davidson Inc (HOG) Shares Bought by Rampart Investment Management Company LLC Harley-Davidson Inc (HOG) Shares Bought by Rampart Investment Management Company LLC
- June 25, 2018

As a result, the company has an (Earning per Share) EPS growth of 20.2% for the coming year. Zacks Investment Research's EPS calculations are a mean average based on a survey of analysts that that provide coverage for Harley-Davidson. Kiltearn Partners LLP now owns 4,114,600 shares of the company's stock worth $209,351,000 after buying an additional 508,000 shares during the period. (more...)
Harley-Davidson to shift some bike production outside US Harley-Davidson to shift some bike production outside US
- June 25, 2018

The EU's tariffs were a direct response to the Trump administration's tariffs placed against steel and aluminum exports from Europe. In a stock market filing , the company said the EU's reaction to Donald Trump's steel tariffs, which will add $2,200 (£1,657) to the average cost of a motorcycle exported from the U.S. (more...)
European Union supporters rally in London for public vote on Brexit terms European Union supporters rally in London for public vote on Brexit terms
- June 25, 2018

Meanwhile, worldwide businesses have called for "urgent progress" to be made over Brexit at this week's European Union leaders' summit. "In a competitive world, any kind of movement of goods, which would suffer any form of tariff, would clearly mean they would have to review very carefully whether they could really afford the cost of those terms". (more...)
Recep Tayyip Erdogan claims victory in Turkey's presidential election Recep Tayyip Erdogan claims victory in Turkey's presidential election
- June 25, 2018

Supporters of Turkey's President Recep Tayyip Erdogan gather in front of the Huber Presidential Palace where he delivered a victory speech. He also pledged a more "determined" fight against outlawed Kurdish rebels and alleged members of a movement led by USA -based cleric Fethullah Gulen , whom he accuses of orchestrating a 2016 failed coup against his government. (more...)
Tariffs lead Harley-Davidson to move some production to Europe
- June 25, 2018

Harley-Davidson said it plans to bear increased costs to avoid a decrease in sales in the EU. "There's a lot of irony here, to put it mildly". The EU tariffs on $3.4 billion worth of USA products are retaliation for duties the Trump administration is imposing on European steel and aluminum. (more...)
Uber battles to keep London licence in court appeal Uber battles to keep London licence in court appeal
- June 25, 2018

A kinder, gentler and humbler Uber - that is the image the taxi app company hopes to project in court this week as it battles for its future in what is one of its most important markets. Among the reasons its licence was revoked a year ago was because TfL anxious about the company's record on passenger safety, the way it vetted drivers, and its alleged history of using software to evade USA regulators. (more...)
Harley-Davidson shifts some production overseas as European Union tariffs kick in Harley-Davidson shifts some production overseas as European Union tariffs kick in
- June 25, 2018

To prevent further long-term damage to the company's revenues, it said the production of motorcycles for European Union destinations needs to switch from the U.S. The EU said the increased motorcycle tariffs are in response to the tariffs President Trump levied on European steel and aluminum. Harley-Davidson said it plans to bear increased costs to avoid a decrease in sales in the EU. (more...)
Pikes Peak Hill Climb | Impressive math from Practice Day 3 Pikes Peak Hill Climb | Impressive math from Practice Day 3
- June 25, 2018

The German automaker's ID R electric race auto has not only broken the record for electric cars in the Pikes Peak International Hill Climb , it's also broken the record for all classes by setting a blistering time of 7:57.148 during the 2018 running held on Sunday. (more...)
‘Incompetent enemies’: John McAfee blasts ‘poisoning’ attempt from his hospital bed ‘Incompetent enemies’: John McAfee blasts ‘poisoning’ attempt from his hospital bed
- June 25, 2018

My enemies maged (sic) to spike something that i ingested. He did not mention who these enemies are, but a second tweet, showing McAfee hooked up to machines in a hospital bed, claims they will soon face the consequences of their actions. (more...)
Teenager helps blind and deaf passenger on Logan flight Teenager helps blind and deaf passenger on Logan flight
- June 25, 2018

Daly had to sign each letter in every word so Cook could feel what she was forming with her hands, the report states. "They explained that the passenger was not only deaf , but also blind". "We talked about our family in MA and he asked me about my plans for my future", she said. "The only way you can communicate with him was by signing into his hand". (more...)
People will pay a lot of money to drink hot dog water People will pay a lot of money to drink hot dog water
- June 25, 2018

This patio season, skip the frosty beer or margarita for this: an ice cold bottle of hot dog water . Making clear that not everyone has time much less the eyesight to read the small print, one fairgoer tweeted: "The booth that sells unfiltered hot dog water is hands down the strangest thing at Car-Free day, and I have no idea - literally none - as to whether it is real or an elaborate stunt". (more...)
Boris Johnson urges clean Brexit, 2 years after United Kingdom vote to quit Boris Johnson urges clean Brexit, 2 years after United Kingdom vote to quit
- June 25, 2018

As yet there is no certainty about what the final deal could look like, amid infighting in Prime Minister Theresa May's Conservative government as well as among some of its opponents about what they want from Britain's new trading ties with the European Union after it leaves in March next year. (more...)
Thousands of bourbon barrels come crashing down in distillery collapse Thousands of bourbon barrels come crashing down in distillery collapse
- June 25, 2018

Another angle of the warehouse collapse in Bardstown, Ky . The distillery is owned by Sazerac. The Barton 1792 Distillery building partially collapsed shortly before 11a on Friday morning. Officials were also trying to figure out the age of the warehouse and whether proper checks were carried out on its concrete foundation. It could be days or weeks before the company fully assesses damage to the warehouse, built in the 1940s, she said. (more...)
Merkel's CSU allies to gauge European Union migrant deal on July 1 Merkel's CSU allies to gauge European Union migrant deal on July 1
- June 25, 2018

German Chancellor Angela Merkel said the meeting involves "talking with particularly affected nations about all problems connected with migration". Migration has decided elections across the bloc from Italy to Hungary, with voters favoring those taking a tougher stance. Though arrivals across the Mediterranean are only a fraction of what they were in 2015, when more than a million people reached Europe, a recent opinion poll showed migration was the top concern for the EU's 500 million ... (more...)
Mt. Gox Crypto Exchange Begins Civil Rehabilitation Proceedings, Ends Bitcoin Sell-Offs Mt. Gox Crypto Exchange Begins Civil Rehabilitation Proceedings, Ends Bitcoin Sell-Offs
- June 25, 2018

Gox's exchange is coming out of bankruptcy, creating the opportunity for at least $1 billion in cryptocurrencies to be refunded to the company's former clients. Many analysts believe these sales contributed to the recent bear market, as dates on which Mt. Gox-owned bitcoins were moved correlated with significant bitcoin price declines. (more...)
In India, rats have a $19000 meal In India, rats have a $19000 meal
- June 24, 2018

The rodent entered the cash terminal in northeastern India through a small hole meant for cables, police superintendent Mugdha Jyoti Mahanta said. What they found inside the ATM was nearly $18,000 worth of shredded Indian rupee notes and one dead rodent that had somehow eluded the machine's security camera for its next. (more...)

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