GM expands car-sharing program Maven to get a bite of ‘gig’ economy
(Reuters) – General Motors Co said on Wednesday it would expand its car-sharing operation, Maven, in the U.S. ride services market as the automaker looks to benefit from a growing ‘gig’ or freelance economy.
U.S. oil inventories dip, but gasoline builds amid weak demand: EIA
(Reuters) – U.S. crude stockpiles fell less than expected last week, while gasoline inventories grew as demand remained weak, the Energy Information Administration said on Wednesday, keeping concerns about global supply on a simmer.
Delphi to spin off powertrain unit, eyes developing tech; stock rises
DETROIT (Reuters) – Automotive supplier Delphi Automotive Plc on Wednesday said it plans to spin off its powertrain unit in order to focus on developing technology for electrically powered and self-driving vehicles at a time where more companies and i…
Wall Street slips as Fed holds on rates; financials rise
(Reuters) – Wall Street ended slightly lower on Wednesday after the U.S. Federal Reserve held interest rates unchanged and investors digested another heavy round of earnings reports.
U.S. private hiring slows, services growth speeds up in April
(Reuters) – U.S. companies hired workers at a slower but still-solid pace in April while the services sector grew more than expected, supporting the notion the economic expansion remains on track despite a weak first quarter, private reports released o…
New York Times swings to profit as digital subscriptions rise
(Reuters) – The New York Times Co swung to a quarterly profit from a loss a year earlier, as the newspaper publisher benefited from higher digital subscriptions that offset falling print sales.
Carlyle results blow past forecasts, aided by stock rally
NEW YORK (Reuters) – Private equity firm Carlyle Group LP posted first quarter earnings that handily beat expectations on Wednesday, in line with its peers, after a buoyant stock market lifted investment returns across the industry.
Mobileye sees income from maps before self-driving cars launch
TEL AVIV (Reuters) – Mobileye’s mapping program for self-driving cars will start making money long before fully autonomous vehicles hit the roads, its chairman told Reuters, as carmakers can use the technology for a variety of semi-autonomous driving f…
Taco Bell Naked Chicken Chalupas, lower taxes boost Yum’s profit
(Reuters) – Yum Brands Inc posted a better-than-expected quarterly profit, helped by lower taxes, vigorous sales of Taco Bell’s Naked Chicken Chalupas and lower costs at KFC restaurants.
Time Warner beats estimates; sees lower advertising
(Reuters) – Time Warner Inc reported a better-than-expected quarterly profit, as revenue from box office hits including “The LEGO Batman Movie,” and “Kong: Skull Island” helped offset declining ad sales.
