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Volkswagen to invest $27 billion in core brand until 2022

November 18, 2017 by  

FRANKFURT (Reuters) – Volkswagen will invest 22.8 billion euros ($26.9 billion) in its main car brand over the next five years, it said on Saturday, a day after it announced a spending program aimed at bolstering its position as a maker of electric cars.


Source: Reuters Business News

Despite Amazon, brick stores are not dead yet

November 17, 2017 by  

NEW YORK (Reuters) – Just in time for the Black Friday kick-off to holiday season shopping, stock market investors have been handed tools to bet on the decline of brick-and-mortar retail.


Source: Reuters Business News

Verizon close to announcing digital streaming deal with NFL: Bloomberg

November 17, 2017 by  

(Reuters) – Verizon Communications Inc, no. 1 U.S. wireless carrier, is close to a new deal with the National Football League for digital streaming rights, Bloomberg reported, citing people familiar with the matter.


Source: Reuters Business News

Volkswagen accelerates push into electric cars with $40 billion spending plan

November 17, 2017 by  

WOLFSBURG/HAMBURG (Reuters) – Volkswagen approved a 34 billion euro ($40 bln) spending plan on Friday that accelerates its efforts to become a global leader in electric cars.


Source: Reuters Business News

Nearly 2,000 Siemens employees protest against job cuts

November 17, 2017 by  

BERLIN (Reuters) – Siemens employees protested in various German cities on Friday against the company’s proposal to cut 6,900 jobs, which a senior Siemens official said could be revised after negotiations with the union.


Source: Reuters Business News

Fox shares rise on signs of more takeover interest

November 17, 2017 by  

(Reuters) – Twenty-First Century Fox Inc shares were up 3 percent in trading on Friday after sources said both Comcast Corp and Verizon Communications Inc were interested in buying parts of its studio and TV operations.


Source: Reuters Business News

Wall Street slips on worries over tax plan's progress

November 17, 2017 by  

(Reuters) – Wall Street indexes were under pressure on Friday as investors were skeptical about the Republicans’ efforts to pass the tax bill.


Source: Reuters Business News

Tesla's unfettered ambition will drain finances: analysts

November 17, 2017 by  

(Reuters) – Tesla Inc shares rose on Friday as analysts questioned how soon Chief Executive Elon Musk will have to ask creditors and shareholders for more capital to fund development of an electric semi truck, a new roadster and accelerated production of a high-volume electric sedan.


Source: Reuters Business News

Tesla to unveil electric big-rig truck in midst of Model 3 factory 'hell'

November 16, 2017 by  

SAN FRANCISCO (Reuters) – Tesla Inc on Thursday will unveil a prototype electric big-rig truck, which may be able to drive itself, throwing the company into a new market even as it struggles to roll out an affordable sedan central to the company’s future.


Source: Reuters Business News

U.S. airlines sharply cut involuntary passenger bumping: DOT

November 16, 2017 by  

WASHINGTON (Reuters) – Major U.S. airlines are bumping far fewer passengers from overbooked flights after a high-profile incident in April prompted the industry to reassess its practices, the U.S. Department of Transportation (DOT) reported on Thursday.


Source: Reuters Business News

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