Panasonic to invest over $256 million in Tesla’s U.S. plant for solar cells
December 28, 2016 by admin · Leave a Comment
Panasonic Corp will invest more than 30 billion yen ($256 million) in a New York production facility of Elon Musk's Tesla Motors to make photovoltaic (PV) cells and modules, deepening a partnership of the two companies. Tesla's shares
Read more:
Panasonic to invest over $256 million in Tesla’s U.S. plant for solar cells
Amazon calls 2016 holiday season its best ever; shares rise
December 28, 2016 by admin · Leave a Comment
(Reuters) – Amazon.com Inc said it shipped more than 1 billion items worldwide this holiday season, which the top online retailer called its best ever, and its shares rose 1.6 percent in afternoon trade. The Amazon Echo home assistant and its smaller version, Echo Dot, topped the best-sellers list, said Jeff Wilke, chief executive of Amazon's worldwide consumer division, in a press release. Sales of voice-controlled
Read more from the original source:
Amazon calls 2016 holiday season its best ever; shares rise
U.S. consumers ebullient; home prices gain
December 28, 2016 by creative · Leave a Comment
House prices continued their steady recovery in October, although a spike in borrowing costs after Trump's Nov. 8 victory could present a headwind to sustained home value gains. The Conference Board said on Tuesday its Consumer Confidence Index rose to 113.7 this month from an upwardly revised 109.4 in November. The gain in confidence was entirely due to
See original here:
U.S. consumers ebullient; home prices gain
Last-minute spending surge lifts U.S. holiday shopping season
December 28, 2016 by elegant · Leave a Comment
A jump in consumer spending in the final stretch of December significantly offset a slow start to the U.S. holiday shopping season, and is likely to help many retailers beat sales forecasts, industry research groups said on Tuesday. Spending over the Thanksgiving weekend in November fell 3.5 percent from a year ago despite…
View original post here:
Last-minute spending surge lifts U.S. holiday shopping season
Delta to cancel order for 18 Boeing 787 Dreamliner aircraft
December 28, 2016 by elegant · Leave a Comment
Delta, in its statement, did not disclose specific terms of the agreement. Delta declined to comment beyond its statement. The cancellation comes as Delta and other top U.S. airlines seek to slow flight capacity growth and in some instances shrink existing service in response to falling airfares.
Read the original here:
Delta to cancel order for 18 Boeing 787 Dreamliner aircraft
Power surge: Chinese electric car battery maker charges for global market
December 26, 2016 by publisher · Leave a Comment
A dusty village on the outskirts of Ningde, a third-tier city in China's southeast, seems an unlikely place for the headquarters of a potential global leader in future automotive technology. China's
Read the original here:
Power surge: Chinese electric car battery maker charges for global market
Blindsided by SUV boom, Hyundai Motor trims costs, perks
December 26, 2016 by publisher · Leave a Comment
The South Korean automaker has been hit by its exposure to weak emerging markets, and a product line-up that features more sedans than sport utility vehicles, just as SUVs have become more popular across many global markets. Since October, Hyundai Motor Group executives have taken a 10 percent pay cut, the first such move in seven years. The number of executives at Hyundai Motor alone has risen by 44 percent in five
Read more from the original source:
Blindsided by SUV boom, Hyundai Motor trims costs, perks
Snapchat buying Israeli augmented reality start-up Cimagine: report
December 26, 2016 by admin · Leave a Comment
Messaging app Snapchat is buying Israeli augmented reality startup Cimagine Media for an estimated $30-$40 million, marking Snapchat's first acquisition in Israel, the Calcalist financial daily reported on Sunday. Cimagine developed True Marketless Augmented Reality – technology that allows users to virtually place furniture and appliances they wish to purchase in the space of their home, on their…
Continued here:
Snapchat buying Israeli augmented reality start-up Cimagine: report
Iran says it sealed Boeing plane deal at half price
December 26, 2016 by elegant · Leave a Comment
Iran said on Sunday it had negotiated to pay only about half the announced price for 80 new Boeing airliners in an order that the American planemaker had said was worth $16.6 billion. Boeing and its European rival Airbus have both signed huge contracts this month to supply airliners to Iran, the first such deals since international sanctions were lifted under a deal to curb Tehran's nuclear program. Replacing Iran's antiquated civil aviation …
Here is the original post:
Iran says it sealed Boeing plane deal at half price
How JPMorgan could not save Italy’s problem bank
December 26, 2016 by publisher · Leave a Comment
MILAN/LONDON (Reuters) – On the morning of July 29, former Italian Industry Minister Corrado Passera was traveling in a high-speed train toward the medieval city of Siena, racing to meet the directors of the world's oldest bank to present them with a rescue plan. Monte dei Paschi di Siena, Italy's third-largest lender, was destined to be …
Read the original:
How JPMorgan could not save Italy’s problem bank