Ford Motor is spending $1 billion to take over a budding robotics startup to acquire more expertise needed to reach its ambitious goal of having a fully driverless vehicle on the road by 2021.
The big bet...
Saturday, Feb 4, 2017 at 05:45 PM PST
A $1.1 Million Bet, and a Lot of Happy Bookies in Vegas
A bettor using his phone app put $1.1 million on the Atlanta Falcons plus 3 points in the Super Bowl, part of an influx of money that could make Sunday a record day in Las Vegas sports books. The unidentified...
Sunday, Feb 5, 2017 at 01:01 PM PST
Uber Buying Plane Tickets for Drivers Stranded by Trump Order
Uber CEO Travis Kalanick says his company is buying plane tickets for stranded drivers now that a federal judge has put a hold on President Donald Trump's ban on travel to the United States by people from seven...
Snap Inc., owner of the popular disappearing-messages service Snapchat, seeks to raise up to $3 billion in an initial public offering.
That number may change based on investor demand. Facebook raised $16 billion...
Facebook reported quarterly earnings that beat analysts' estimates on Wednesday, and revenue that topped expectations, as grew ad revenue 53 percent in a quarter.
Shares rose 3 percent after hours.Facebook's ad...
Wednesday, Feb 1, 2017 at 06:22 AM PST
Women Are, Very Slowly, Getting More Seats in the Boardroom
The number of women sitting at the table in corporate boardrooms across the country is rising very slowly, but it's rising.
Just over 15 percent of all director seats at publicly traded U.S. companies were held...
Wednesday, Feb 1, 2017 at 11:16 AM PST
Fed Leaves Key Rate Unchanged at Time of Uncertainty
The Federal Reserve has left its key interest rate unchanged at a time of solid economic gains but also heightened uncertainty surrounding the new Trump administration.
The Fed said in a statement ending its...
Monday, Jan 30, 2017 at 09:31 AM PST
Toyota Loses 'World's Biggest Automaker' Title to VW
Toyota has relinquished the title of the world's biggest automaker, reporting Monday that it sold 10.175 million vehicles worldwide in 2016, fewer than Volkswagen's 10.31 million.
General Motors reports its...
Monday, Jan 30, 2017 at 01:24 PM PST
Starbucks to Hire 10,000 Refugees Over Next 5 Years
Starbucks says it will hire 10,000 refugees over the next five years, a response to President Donald Trump's indefinite suspension of Syrian refugees and temporary travel bans that apply to six other Muslim-maj...
Charles Koch first likened candidate Donald Trump's plan to ban Muslim immigrants to something Adolf Hitler would have done in Nazi Germany. The billionaire industrialist and his chief lieutenants offered a...