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Category : Business (Archive for 2018-06-14) News by Google
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New York Times
Fed Raises Interest Rates and Signals 2 More Increases Are Coming
New York Times
WASHINGTON — The Federal Reserve raised interest rates on Wednesday and signaled that two additional increases were on the way this year, as officials expressed confidence that the United States economy was strong enough for borrowing costs to rise ...

New York Times
Comcast Offers $65 Billion for 21st Century Fox, Challenging Disney
New York Times
Comcast announced an offer worth $65 billion for the bulk of 21st Century Fox's businesses on Wednesday, setting up a showdown with the Walt Disney Company for Rupert Murdoch's media empire. The all-cash bid by Comcast, the largest cable company ...

Chicago Tribune
Chicago taps Elon Musk's Boring Company to build high-speed transit tunnels that would tie Loop with O'Hare
Chicago Tribune
Autonomous 16-passenger vehicles would zip back and forth at speeds exceeding 100 mph in tunnels between the Loop and O'Hare International Airport under a high-speed transit proposal being negotiated between Mayor Rahm Emanuel's City Hall and ...

Los Angeles Times
IHOP goes IHOb in social media blitz to draw the post-breakfast burger crowd
Los Angeles Times
When IHOP said it would be tweaking its name to IHOb, the news immediately went viral. Some thought the new letter stood for bitcoin, others thought breakfast or brunch. But IHOP, famous for its Rooty Tooty Fresh and Fruity pancakes, is now the ...

Wall Street Journal
AT&T's Time Warner Prize—A Load of Hollywood Headaches
Wall Street Journal
Last year at a gathering of media industry leaders hosted by the boutique investment bank Lion Tree, Mr. Stankey acknowledged “we've got one of the more complex management tasks of any organized entity sitting in front of us,” according to a person in ...

New York Times
United States, Saudi Arabia and Russia Find Agreement on Oil Policy
New York Times
Gasoline prices have fallen about a nickel a gallon since Memorial Day. In April, President Trump had tweeted that oil prices were “artificially Very High!”CreditTy Wright/Bloomberg. By Clifford Krauss. June 13, 2018. HOUSTON — It is unusual for the ...
Strong Pennsylvania storm damages businesses, overturns cars
Fox News
WILKES-BARRE, Pa. – A strong storm pounded parts of Pennsylvania, damaging numerous businesses in a shopping plaza, overturning cars and downing trees and power lines. The storm struck a shopping plaza in Wilkes-Barre Township late Wednesday ...

Fox News
Flight from Los Angeles sent into nosedive for 10 seconds after hitting vortex: report
Fox News
Passengers have described the terrifying moment a vortex sent their Qantas flight into a 10-second “nosedive.” Hundreds of horrified travelers held hands believing they were about to die as the aircraft suddenly dropped over the Pacific Ocean on Sunday.

Bloomberg
IBM, Nvidia Help US Leapfrog China in Supercomputer Race
Bloomberg
The U.S. has a new supercomputer and it's twice as fast as the current record holder in China. International Business Machines Corp. developed the Summit computer, with help from Nvidia Corp., for the U.S. Department of Energy's Oak Ridge National ...

Motley Fool
Tesla Remains Dead Set on Achieving Profitability
Motley Fool
In 2018, electric-car company Tesla (NASDAQ:TSLA) set out to go from producing about 100,000 vehicles annually to building hundreds of thousands of vehicles per year. To do this, Tesla would ramp-up production of its 2017-launched Model 3 -- its most ...

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