Autos bosses focus on technology rat

By Google News

Carlos Tavares, CEO of PSA Peugeot Citroen, speaks during the 87th International Motor Show at Palexpo in Geneva, Switzerland, March 7, 2017. REUTERS/Arnd Wiegmann

Autos bosses focus on technology rather than PSA-Opel

Reuters
Carlos Tavares, CEO of PSA Peugeot Citroen, speaks during the 87th International Motor Show at Palexpo in Geneva, Switzerland, March 7, 2017.

Exxon to invest $20 billion on US Gulf Coast refining projects

CNBC
Oil storage tanks and refining facilities sit at a refinery operated by Exxon Mobil Corp. Exxon Mobil, the world’s largest publicly traded oil producer, said on Monday it would invest $20 billion through 2022 to expand its chemical and oil refining

Shares in Snapchat maker fall below initial trading price — and analysts think they’ll drop more

Los Angeles Times
Snap Inc.’s stock market debut last week has been celebrated as a success in the tech world as its share price surged in their first two days on the market.

GM to lay off 1100 at Michigan plant, move Acadia

USA TODAY
LANSING, Mich. – General Motors Co. will lay off as many as 1,100 workers at its Lansing Delta Township Assembly plant when it phases out production of the first generation GMC Acadia in May.

Can Uber be saved from itself?

The Verge
The week began with a terribly embarrassing video of Uber CEO Travis Kalanick being a jerk to one of his drivers, and ended with a bombshell report about a secret and legally questionable program used by Uber to evade government scrutiny globally

CSX reaches deal with hedge fund, hires new railroad CEO

Austin American-Statesman
CSX has a new CEO and a deal with the hedge fund pushing for changes at the railroad. Hunter Harrison, the executive who led Canadian Pacific’s turnaround, will become the CEO at Jacksonville, Florida-based CSX immediately, replacing Michael Ward.

Oil prices entrenched in tight range; eyes on data

Reuters
FILE PHOTO – Pump jacks drill for oil in the Monterey Shale, California, U.S. on April 29, 2013. REUTERS/Lucy Nicholson/File Photo.

People have been using Airbnb to stay in Trump Tower since last September

The Week Magazine
An apartment in Trump Tower was available to rent through Airbnb until a New York Times inquiry into its existence prompted it to be pulled from the website last week, the Times reports.

IBM, Salesforce To Share AI

PYMNTS.com
IBM and Salesforce announced their global strategic partnership on Monday (March 6), allowing both companies to deliver joint solutions leveraging artificial intelligence (AI).

Here’s how the rich use their IRAs

USA TODAY
IRAs let you invest for retirement in a tax-favored way, and like many tax breaks, IRAs are great vehicles for the wealthy to shelter their income from taxes.

South Korea says to ‘actively’ consider filing WTO complaint against China

Reuters
Overview of the World Trade Organization (WTO) headquarters in Geneva, Switzerland, January 26, 2017. REUTERS/Pierre Albouy. By Daewoung Kim and Hyunjoo Jin | SEOUL.

EU business group slams Beijing’s ‘Made in China’ plan

Reuters
BEIJING China’s plan to boost domestic manufacturing by 2025 is “highly problematic” and could be used to discriminate against foreign firms in favor of Chinese competitors, a top European business lobby said on Tuesday.

UPS wins court challenge against EU block to TNT bid

Reuters
United Parcel Service air craft are being loaded with air containers full of packages bound for their final destination at the UPS Worldport All Points International Hub during the peak delivery month in Louisville, Kentucky December 3, 2015.

FOREX-Dollar steadies on March rate hike prospects, euro slips

Yahoo Finance
TOKYO, March 7 (Reuters) – The dollar held onto gains on Tuesday, lifted by the Federal Reserve’s near-certain March rate increase, while political uncertainties over the French presidential election weighed on the euro.

The Trade Deal We Just Threw Overboard

Politico
Trade deals are at the heart of Donald Trump’s promise to Make America Great Again. He views global trade as a kind of Manhattan real estate market writ large, a vicious snake pit where the strong and hungry eat the weak and soft.

GoPro Inc Stock: A Downgrade, A Contrarian Call And Acquisition Talk

ValueWalk
GoPro stock plunged to an all-time low today after Goldman Sachs analysts downgraded it to Sell. However, the rapid plunge is calling some to make contrarian bullish calls on it and others to suggest an even wackier idea: for Snap to buy GoPro.

Jay Z in collaboration with Twin Cities asset management firm

Minneapolis Star Tribune
Chad Batka, Associated Press – Nyt Grammy Award-winning rapper Jay-Z performs during one of two concerts benefiting the United Way of New York City and the Shawn Carter Scholarship Foundation, which he founded, at Carnegie Hall in New York, Feb.

China has the right to ‘step in’ to Hong Kong election, top official says

Business Insider
HONG KONG/BEIJING (Reuters) – China’s third most powerful leader said on Monday that Beijing had the right to “step in” to Hong Kong’s leadership contest, according to local politicians who met him, in remarks fuelling fears of meddling from Communist …

A massive Mexico-US raw sewage spill is under investigation

CNN
(CNN) With millions of gallons of raw sewage spilled into the Pacific Ocean surface and onto the shores of southern California, officials in the United States and Mexico have launched a bi-national investigation into the spill that apparently

Australia central bank sits on rates, sounds neutral

Reuters
Pedestrians walk past the Reserve Bank of Australia building in central Sydney, Australia, March 7, 2017. REUTERS/David Gray. 1/2.

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