Uber CEO meeting with London transport authority ‘constructive’
LONDON (Reuters) – Uber’s new CEO Dara Khosrowshahi had a constructive meeting with London’s transport boss on Tuesday, the company said, just days after the city refused to renew its operating license.
GM to combine Asian, Latam operations as it ramps up electric
BEIJING (Reuters) – General Motors Co said on Tuesday it will combine operations outside of China and North America into a new organization based in Detroit, further scaling back its presence in money-losing markets as it ramps up spending on electric…
Wall Street at new record highs as tech, auto advance
(Reuters) – All the three main U.S. stock indexes hit fresh record highs on Tuesday, buoyed by a rally in tech stocks and gains in Ford Motor and General Motors after the carmakers reported strong September sales.
Tesla’s Model 3 bottlenecks prompt questions on targets
(Reuters) – Worries about whether Tesla Inc would meet its promises on production of its Model 3 mass-market sedan in the months ahead sent the electric car maker’s shares more than 2 percent lower on Tuesday as those in rivals climbed.
Whole Foods price cuts hit hardest at Trader Joe’s, Sprouts: study
LOS ANGELES (Reuters) – Trader Joe’s and Sprouts Farmers Market Inc have been hit hardest by customer defections since Amazon.com Inc cut prices at Whole Foods, a data analytics firm said on Tuesday.
BlackRock CEO says U.S. tax reform plan will have to be amended
NEW YORK (Reuters) – BlackRock Inc Chief Executive Larry Fink on Tuesday said a U.S. tax plan backed by the Trump administration cannot be passed as it is, noting the proposal would add to the deficit.
Uber boss seeks to charm London transport chief in license row
LONDON (Reuters) – Uber’s new global boss Dara Khosrowshahi was due to meet London’s transport regulator on Tuesday as the taxi hailing app fights to keep its license in one of its main foreign markets.
Automakers’ U.S. September sales lifted by hurricanes
DETROIT (Reuters) – Major automakers posted higher U.S. new vehicle sales in September, as consumers in hurricane-hit parts of the country, in particular southeast Texas, rushed to replace flood-damaged cars.
Wall Street hits another record high; Ford, GM higher
(Reuters) – All the three U.S. stock indexes touched fresh record highs on Tuesday, driven by gains in Ford Motor and General Motors after the carmakers reported strong monthly sales data.
Buffett bets on truck stops, to buy majority of Pilot Flying J
(Reuters) – Warren Buffett’s Berkshire Hathaway Inc bought a major stake in Pilot Flying J, the largest U.S. truck stop operator, and said it will become the majority owner in six years, deepening its commitment to the American economy.
