Uber partners with GM’s Maven car-sharing program
SAN FRANCISCO (Reuters) – Uber Technologies Inc [UBER.UL] said on Tuesday it would partner with car-sharing service Maven, operated by General Motors, to allow Uber drivers to rent GM vehicles on a weekly basis.
Pfizer cholesterol drug fizzles, hitting shares
(Reuters) – Pfizer Inc scrapped its high-profile cholesterol fighter after its effectiveness waned over time in large clinical trials, sending its shares 2 percent lower and prompting the company to trim its 2016 earnings forecast.
U.S. auto sales drop 6 percent despite discounts, GM off 1.7 percent
DETROIT (Reuters) – U.S. auto sales fell an estimated 6 percent in October despite increased consumer discounts on many popular models, as the trend toward pickup trucks and SUVs continued, automakers and WardsAuto reported on Tuesday.
U.S. House Republicans want answers on VW settlements
WASHINGTON (Reuters) – Two senior U.S. House Republicans on Tuesday asked environmental regulators to answer questions about Volkswagen AG’s diesel emissions settlements, including disclosing how the government calculated the penalties imposed on VW t…
Instagram to test new shopping feature
(Reuters) – Facebook Inc’s Instagram said that it will start tests next week on a new shopping feature through which users can buy products from U.S.-based retailers via the photo-sharing app.
On Wall Street, a high-ranking few still avoid email
(Reuters) – In an age when most bankers use keyboards to communicate with each other, a small group of the Wall Street elite refuses to say anything substantive in an email, text or chat, and some will not communicate digitally at all.
U.S. manufacturing sector expanding, but risks remain
WASHINGTON (Reuters) – U.S. factory activity increased for a second straight month in October amid a pickup in production and hiring, supporting views that the embattled manufacturing sector would regain some momentum in the fourth quarter.
Gannett abandons pursuit of Chicago Tribune-owner Tronc
(Reuters) – Gannett Co Inc , the publisher of USA Today, said it had abandoned plans to buy Tronc Inc , the publisher of the Chicago Tribune and the Los Angeles Times, after determining that the terms were not acceptable.
Chipotle investors propose ousting founder as chairman
BOSTON/LOS ANGELES (Reuters) – Two smaller investors called on Tuesday for replacing Chipotle Mexican Grill Inc Chairman Steve Ells with an independent director, signaling more pressure only weeks after prominent activist William Ackman took a stake in…
Atlanta Fed lowers U.S. fourth-quarter GDP view to 2.3 percent
NEW YORK (Reuters) – The U.S. economy is on track to grow at a 2.3 percent annualized pace in the fourth quarter on expected lower consumer spending and overall investments, the Atlanta Federal Reserve’s GDP Now forecast model showed on Tuesday.
