UAW boosts strike pay as GM walkout continues
(This Oct. 12 story corrects paragraph 7 to show details of contract offer were posted on an ABC-TV affiliate Facebook page by a commenter, not by the station itself)
Lyft follows Uber in suing NYC over cruising time caps
Lyft Inc, following its rival Uber’s move, has sued New York City seeking to nullify a new rule limiting the time its drivers are allowed to spend cruising in Manhattan without passengers, the company said on Saturday.
China’s Xinhua focuses more on progress, less on a pending U.S. trade deal
U.S. officials on Friday promised a “Phase 1” deal with China on a host of conflicts from intellectual property to currency was imminent, but China’s official state-owned news organization Xinhua struck a more cautious tone.
Global risk ‘confluence,’ as tariffs, Brexit, weaker forecasts collide
Higher tariffs. Slower growth. The countdown to Brexit.
One man dies as wind-driven Los Angeles wildfire forces 100,000 to flee
A fierce, wind-driven wildfire swept through foothills and canyons along the northern edge of Los Angeles on Friday, engulfing homes, closing roads and devouring acres of dry brush and chaparral as 100,000 residents were forced to flee.
Volkswagen mulling sale or stock listing for Lamborghini: Bloomberg
Volkswagen is looking at options for its luxury brand Lamborghini, including a sale or stock listing, Bloomberg reported on Friday, citing people familiar with the matter.
U.S. outlines ‘Phase 1’ trade deal with China, suspends October tariff hike
U.S. President Donald Trump on Friday outlined the first phase of a deal to end a trade war with China and suspended a threatened tariff hike, but officials on both sides said much more work needed to be done before an accord could be agreed.
Boeing board strips CEO of chairman title amid 737 MAX crisis
Boeing Co’s board has stripped chief executive Dennis Muilenburg of his chairmanship title, in an unexpected strategy shift announced by the U.S. planemaker on Friday only hours after a global aviation panel criticized development of the troubled 737 …
Exclusive: Sempra nears $3 billion Chile sale to China’s State Grid – sources
U.S. power company Sempra Energy is near an agreement to sell its Chilean business to State Grid Corporation of China for close to $3 billion, the latest deal in its bid to shed non-core assets, people familiar with the matter said on Friday.
PG&E turns down San Francisco’s $2.5 billion offer to buy assets
PG&E Corp rejected a $2.5 billion offer from San Francisco to buy the bankrupt Californian company’s power lines and other infrastructure within the city, calling the offer inadequate.
