Economy

Investigators to determine likely cause of fatal Tesla crash

Investigators to determine likely cause of fatal Tesla crash Following the meeting, the NTSB's report includes seven safety recommendations requiring auto manufacturers to add safeguards to prevent automated vehicle control systems from being used outside the conditions for which they were designed. [Full Article...]

Nordstrom to launch store without clothing in stock

Nordstrom to launch store without clothing in stock Labeled Nordstrom Local , the store will be staffed with personal stylists who can order merchandise for shoppers. The Nordstrom family members - company Co-Presidents Blake Nordstrom, Peter Nordstrom and Erik Nordstrom; President of Stores James Nordstrom; Chairman Emeritus Bruce Nordstrom; and Anne Gittinger, granddaughter of Nordstrom co-founder John Nordstrom - had not made any proposal y... [Full Article...]

Auto Industry Registers Positive Growth In April-August 2017: SIAM Report

Auto Industry Registers Positive Growth In April-August 2017: SIAM Report Vishnu Mathur, the director general of SIAM, said the sharp gains in July and August auto sales were also because dealers replenished their stocks after the implementation of the new Goods and Services Tax starting in July. Elaborating on the reasons for growth in passenger vehicles sales in August, he said, "Besides pent up demand continuing from July post-GST price cuts, many consumers also adva... [Full Article...]

WEATHER WARNING: Heavy rain and strong winds set to cause travel problems

WEATHER WARNING: Heavy rain and strong winds set to cause travel problems Met Eireann on Tuesday issued another weather warning for parts of the country to follow the one that was issued on Monday afternoon. In some places, gusts are expected to reach up to 75mph. Highest temperatures are expected to be between 14 and 16 degrees. She said: "A low pressure system will move across the United Kingdom later on Sunday bringing some rain and the risk of strong winds ". [Full Article...]

Trump, Malaysia's Najib talk about trade and security, not scandal

Trump, Malaysia's Najib talk about trade and security, not scandal The Malaysian leader was warmly welcomed by Trump on arrival for their one-on-one meeting at the White House on Pennsylvania Avenue in what is Najib's first visit to the official workplace and residence of the USA president. "Look, we're not going to comment on an ongoing investigation being led by the DoJ, and that investigation is apolitical and certainly independent of anything taking place tom... [Full Article...]

South Korea Supports Tough Sanctions Against North but Not Tactical Nukes

South Korea Supports Tough Sanctions Against North but Not Tactical Nukes The U.S. -drafted resolution, which would ban the supply, sale or transfer to North Korea of crude oil, condensate, refined petroleum products and natural gas liquids and freeze financial assets of North Korean leader Kim Jong-un, among other restrictions, is expected to be put to a vote by a 15-member UN Security Council on Monday in NY. [Full Article...]

Audi A8 Will Be The First Of Its Kind

Audi A8 Will Be The First Of Its Kind The RWS has the same seven-speed dual clutch gearbox and 540 horsepower V10 as the R8 . The RWS will sprint to 100km/h in 3.7 seconds as a coupe compared with 3.5sec for the all-wheel-drive version, and 3.8 as a spyder, down 0.2sec. Audi claims to have tuned chassis specifically for the new drivetrain setup. Public premiere of new items took place in the framework of the Frankfurt motor show . [Full Article...]

American household income finally topped 1999 peak a year ago

American household income finally topped 1999 peak a year ago The proportion of Americans without health insurance fell to 8.8 percent, the report showed , down from 9.1 percent. The 12.7 percent poverty rate represented a decrease of 0.8 percentage points from 13.5 percent in 2015, it said. Households gained the most on the Northeast and West, but the median income was essentially flat in the Midwest and actually declined in the South. [Full Article...]

Steve Mnuchin signals higher taxes for hedge funds

Steve Mnuchin signals higher taxes for hedge funds And what's more important is making sure we have a competitive field". "Passing tax reform, which hasn't been done in 31 years, that's a win". Mnuchin's comments are similar to remarks that Speaker Paul RyanPaul RyanTrump's debt deal puts an end to politics as usual in Washington Trump's deal with Schumer, Pelosi should dismay conservatives GOP group launches new TV ad on tax reform MORE... [Full Article...]

Theresa May Asks Trump For Help To Save Jobs In Northern Ireland

Theresa May Asks Trump For Help To Save Jobs In Northern Ireland Boeing has complained to the USA authorities that Bombardier's deal to supply 125 CSeries passenger jets to U.S. airline Delta was unfairly subsidised by the Canadian state. "This is hugely important for Belfast". Boeing has alleged that Bombardier engaged in "price dumping" by agreeing to sell 75 of their planes for nearly $14m (£10.6m) below their cost price. [Full Article...]

Alexion Pharma To Reduce Global Workforce By Approx. 20%

Alexion Pharma To Reduce Global Workforce By Approx. 20% New York-based Ibm Retirement Fund has invested 0.11% in Alexion Pharmaceuticals, Inc. (NASDAQ:ALXN) or 1 shares. BB&T Corp acquired a new position in Alexion Pharmaceuticals during the 1st quarter worth about $648,000. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website . Shares for $1.17 million were bought by HANTSO... [Full Article...]

Fox's bid for Sky referred to regulators

Fox's bid for Sky referred to regulators The reference to the CMA on media plurality was widely expected after Bradley previously stated she was minded to do so. The announcement sent Sky shares tumbling to their lowest level since the Fox takeover was agreed in December. On broadcasting standards, the CMA would have to weigh the relevance of recent revelations of alleged misconduct at Fox News, including claims of fabricated quotes fo... [Full Article...]

WNYers watch Irma damage in Puerto Rico

WNYers watch Irma damage in Puerto Rico Jose Rivera told El Nuevo Día , "In the United States, power plants are highly automated and require little human intervention". "This was very nerve-racking", Figueroa said. Then, Saturday morning, the families received the good news that all six of them were headed to Puerto Rico, the first step in the process of returning home. [Full Article...]

Mass pilot 'sickie' grounds Air Berlin flights

Mass pilot 'sickie' grounds Air Berlin flights Air Berlin filed for insolvency after a major shareholder, Abu Dhabi-based carrier Etihad, refused to extend its cash lifeline. The firm has given potential buyers until September 15 to make offers. One source has told Reuters that Lufthansa is interested in as many as 90 of Air Berlin's planes. Bids for the airline must be submitted by Friday, with a decision on the sale expected as early as ... [Full Article...]

Mercedes-Benz presents preproduction GLC F-CELL plug-in at Frankfurt 2017

Mercedes-Benz presents preproduction GLC F-CELL plug-in at Frankfurt 2017 The company is including the vehicle under its EQ brand. It operates on an 800-volt electrical system that should provide for rapid charging. When the EQA enters production, around 2020, it will compete with what is likely to be an updated BMW i3, a similarly-sized five-door electric hatchback from Audi, and the Volkswagen ID hatchback that will be VW Group's first high-volume electric vehicle. [Full Article...]

Irma's strong winds causing damage in GA

Irma's strong winds causing damage in GA But the hurricane - larger than the state itself - also brought destruction to the heavily-populated east coast of Florida . "Right now there is no concern for any land including the United States", said Dennis Feltgen, spokesman for the National Hurricane Center . [Full Article...]

Florida sheriff urges residents not to shoot at Hurricane Irma

Florida sheriff urges residents not to shoot at Hurricane Irma Pasco County sheriff's officials said shooting Irma "won't make it turtn around and it will have very unsafe side effects", noting on Twitter that "bullets come back". "A combination of stress and boredom made me start the event", he told BBC . "The response is a complete and total surprise to me. It has become something a little out of my control", he said. [Full Article...]

Tuesday's First Warning Forecast: Clouds, rain, and wind from Irma

Tuesday's First Warning Forecast: Clouds, rain, and wind from Irma Cape Sable in Monroe County, the southernmost point of the mainland US, could see storm surges up to 10 to 15 feet. The forecast also calls for a 10 percent chance of thunderstorms between 4 p.m. Today should remain partly sunny and mild, with possible showers starting overnight into Wednesday . Chance of precipitation is 40 percent. Wind: N/NE 5-10 miles per hour. [Full Article...]

Florida's Major Airports Assess Damage After Hurricane Irma

Florida's Major Airports Assess Damage After Hurricane Irma New flights will fly from Miami , Palm Beach, Fort Lauderdale, and Key West to Atlanta, Delta's largest hub. American Airlines said it added 16 flights from Miami to Dallas, New York and Philadelphia - a total of 3,600 seats. "The terminals with most damage are J, H, G, F and E", MIA Airport spokesman Greg Chinn said. "These are expensive pieces of equipment and you don't want to have t... [Full Article...]

Inflation hits highest level in over five years - ONS

Inflation hits highest level in over five years - ONS The fall in the value of sterling since the European Union referendum continued to be the main impetus for rising prices, the Office for National Statistics said. "Policy wise, we think the Bank of England will look through the inflation data and we still believe that the Bank will remain on hold until 2018". [Full Article...]


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