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Monthly Archives: October 2018

Tesla says it’s getting slammed in China because of tariffs

Qilai Shen | Bloomberg | Getty Images A Tesla Motors Model S electric automobile at one of the company’s electric charging stations in Beijing on March 9, 2016. The trade war between the United States and China is battering Tesla’s competitiveness, the company said when it released its third-quarter vehicle …

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Kroger and Walgreens to collaborate on exploratory pilot 

Daniel Acker | Bloomberg | Getty Images A shopper outside a Kroger supermarket in Peoria, Illinois. Kroger and Walgreens are experimenting with a new pilot program that would allow Walgreen’s shoppers to pick up online orders of Kroger’s groceries at some of the pharmacy’s locations, the retailers announced on Tuesday. …

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UK prime minister gets a Brexit boost, but a big rival is waiting in the wings

Dan Kitwood | Getty Images Foreign Secretary Boris Johnson arrives at Downing Street ahead of the weekly cabinet meeting on July 3, 2018 in London, England. Since then, he has repeatedly criticized May’s Brexit plan, that seeks close regulatory alignment with the European Union after Brexit, calling it “deranged” earlier …

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Social network could face $1.6 billion fine in EU

Al Drago | Bloomberg | Getty Images Mark Zuckerberg, chief executive officer and founder of Facebook Inc., listens during a joint hearing of the Senate Judiciary and Commerce Committees in Washington, D.C., U.S., on Tuesday, April 10, 2018. The maximum fine Facebook could face is 4 percent of annual global …

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IL&FS complicates RBI interest rates decision

With the rupee hovering close to its all-time weakest level against the U.S. dollar, India’s central bank is widely expected to hike interest rates this week to shore up the currency. The rupee has been the worst-performing Asian currency this year, losing around 14 percent against the greenback on the …

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Amazon sites should be added to ‘Notorious Markets’ list AAFA says

Jim Young | Bloomberg | Getty Images An employee pulls a cart stacked with boxes at the Amazon.com fulfillment center in Kenosha, Wisconsin. Amazon’s counterfeit problem has caught the attention of a major retail industry advocacy group. The American Apparel & Footwear Association (AAFA), which represents more than 1,000 brands, …

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Stitch Fix, Papa John’s and more

David Paul Morris | Bloomberg | Getty Images Katrina Lake, co-founder and chief executive officer of Stitch Fix Inc. Check out the companies making headlines after the bell: Stich Fix shares plunged more than 21 percent percent in after-hours trading after the company released a mixed fourth-quarter earnings report. The …

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McConnell says Senate will vote on Supreme Court nominee Kavanaugh

Bill Clark | CQ-Roll Call Group | Getty Images Senate Majority Leader Mitch McConnell, R-Ky., leaves the Senate Republicans’ policy lunch to address reporters in the Capitol on Tuesday, July 17, 2018.  The full Senate will vote on Supreme Court nominee Brett Kavanaugh’s confirmation “this week,” Senate Majority Leader Mitch …

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Pro-Trump group stands with Brett Kavanaugh despite ongoing FBI probe

Chip Somodevilla | Getty Images President Donald Trump gestures while taking questions during a press conference to discuss a revised U.S. trade agreement with Mexico and Canada in the Rose Garden of the White House on October 1, 2018 in Washington, DC.  A pro-Trump nonprofit organization decided on Monday to …

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What incoming CEO Larry Culp brings to GE

Source: FactSet Culp also grew Danaher revenues steadily, with the peak of the financial crisis in 2009 marking its only negative year of sales growth while he was in charge. He is telling GE staff that “everything is on the table” to try to revive the fallen industrial giant, according …

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