Category Archives: CNN – Business News

Amazon invests money in electric pickups

Amazon invests money in electric pickups

Amazon is putting money into electric trucks. The online retailer led a $700 million investment in Michigan-based electric pickup maker Rivian, the companies said Friday. Rivian unveiled an all-electric pickup and an SUV at the 2018 Los Angeles Auto Show in November and plans to begin production of the vehicles in a factory in Normal,…MORE

Ex-Goldman Sachs banker charged in 1MDB case will be sent to the United States

Ex-Goldman Sachs banker charged in 1MDB case will be sent to the United States

Roger Ng, a former Goldman Sachs banker charged by the US Justice Department for his role in Malaysia’s multi-billion dollar embezzlement scandal, will be sent to the United States to appear in federal court. Ng waived an extradition hearing in Malaysia on Friday, according to his lawyer, Marc Agnifilo. He’ll enter a not guilty plea…MORE

Even GE’s Boston headquarters is shrinking

Even GE’s Boston headquarters is shrinking

General Electric is once again downsizing, this time shrinking the scale of its once-ambitious plan for a fancy headquarters along the Boston waterfront. The struggling light bulb and jet engine maker announced on Thursday it ditched a plan to build a 12-story office building in the Fort Point neighborhood of Boston. Instead, GE and Massachusetts…MORE

The era of big passenger jets is over

The era of big passenger jets is over

The double-decker A380 was loved by passengers, aviation enthusiasts and executives at Airbus. But the world’s largest commercial plane never won over the group that really mattered: airlines. Airbus pulled the plug on its superjumbo program on Thursday, announcing that it would deliver the final A380s to airlines such as Emirates by 2021. The decision…MORE

Levi’s wants to be more than a jeans company, so it’s going public

Levi’s wants to be more than a jeans company, so it’s going public

Levi Strauss plans to hit the public market for the first time in 34 years, a promising sign for a troubled retail sector. The 165-year-old company, which invented the blue jean, filed for an IPO on Wednesday. Levi’s said it could raise up to $100 million in the public offering, and will be listed on…MORE

More Americans are behind on their car loans than ever before

More Americans are behind on their car loans than ever before

Americans are falling behind on car loan payments in record numbers. More than 7 million car loans were past due by at least 90 days in the fourth quarter, according to data released this week from the New York Federal Reserve. That’s 1.3 million more past-due loans than during the previous peak in 2011, which…MORE

Carlos Ghosn won’t get his $34 million payout from Renault

Carlos Ghosn won’t get his $34 million payout from Renault

Carlos Ghosn won’t be getting a golden parachute from Renault. The French carmaker said Wednesday that it would not be paying its former CEO and chairman roughly €30 million ($34 million) he was due in deferred compensation and other benefits. Ghosn resigned from Renault last month after he was charged in Japan with financial misconduct…MORE

Tariffs prompt US Steel to restart work on Alabama mill

Tariffs prompt US Steel to restart work on Alabama mill

US Steel says it is restarting construction on an Alabama mill to take advantage of higher steel prices. The company had stopped work on a furnace at the plant in 2015 because of unfavorable market conditions. But US Steel said it resumed construction because of the Trump administration’s trade policies, as well as incentives from…MORE

Blogs

Kelly’s Pet Project 1/24: Tali

Kelly’s Pet Project 1/24: Tali

Tali is a little timid at first, but she warms up to people quickly! At six years old, she might be the prefect fit for your family

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