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Getty Images Mark Reuss, General Motors Executive Vice President Global Product Development, speaking last January. General Motors named long-time insider Mark Reuss as its president, effective immediately. Reuss formerly led GM’s global product group and Cadillac. His duties will now include overseeing GM’s quality organization. GM reported fourth-quarter sales on …
Read More »General Motors sales slip as it places big bet on pickup trucks
Rene Johnston | Toronto Star | Getty Images SUVs at a Chevrolet dealership in Oshawa, ON. General Motors’ sales slipped during the fourth quarter, but the automaker said pickup trucks, sport utility vehicles, and crossovers are still selling strong. The largest U.S. automaker said Thursday its Chevrolet and GMC brands …
Read More »China lands Chang’e 4 spacecraft, first on far side of the moon
China News Service | Visual China Group | Getty Images Wu Weiren, chief designer of China’s lunar probe program, talks about the Chang’e-4 rover at the Diaoyutai State Guesthouse on August 15, 2018 in Beijing, China. China successfully landed the Chang’e 4 spacecraft on the far side of the moon …
Read More »December manufacturing PMI shows economic trouble
Sean Proctor | Bloomberg | Getty Images An employee works on the line at the Ford Motor Co. Dearborn Truck Plant in Dearborn, Michigan, Sept. 27, 2018. The first survey of December’s economic data came out on Wednesday with diminished results: United States manufacturer growth hit new lows on multiple …
Read More »The stock market’s epic fourth-quarter reversal is one for the history books
Matt Cardy | Getty Images News | Getty Images Contestants in the men’s race chase a Double Gloucester Cheese down the steep gradient of Cooper’s Hill during the annual tradition of cheese-rolling in Brockworth, Gloucestershire, England. This volatile market year was full of historical milestones and the end of the …
Read More »North Korea skirts sanctions through web of banks, companies: WSJ
News1-Dong-A Ilbo | Getty Images News | Getty Images In this handout image provided by the News1-Dong-A Ilbo, North Korean officials watch the demolition of the Punggye-ri nuclear test site on May 24, 2018 in Punggye-ri, North Korea. U.S. banks and regulators continue to struggle tracking and curbing money moved …
Read More »Sears wins reprieve from liquidation as chairman makes last-minute bid
Gregory Bull | AP In this Nov. 17, 2004 file photo, Kmart chairman Edward Lampert listens during a news conference to announce the merger of Kmart and Sears in New York. Department store chain Sears won a reprieve from liquidating Friday after its chairman, Eddie Lampert, submitted a bid in …
Read More »Netflix says 45 million accounts watched Bird Box in film’s first week
Sylvain Lefevre | Getty Images Netflix Co-founder, Chairman & CEO Reed Hastings attends Q&A during Transatlantic Forum as part of Series Mania Lille Hauts de France festival on May 3, 2018 in Lille, France. Netflix said Friday its latest original film Bird Box has been viewed by more than 45 …
Read More »Tesla names Larry Ellison, Kathleen Wilson-Thompson to board
Robyn Beck | Pool | Reuters Tesla founder Elon Musk speaks at the unveiling event by “The Boring Company” for the test tunnel of a proposed underground transportation network across Los Angeles County, in Hawthorne, California, December 18, 2018. Tesla proposed the appointment of Larry Ellison, founder and executive chairman …
Read More »Sears may need to liquidate if no bid comes in by tomorrow
Gregory Bull | AP In this Nov. 17, 2004 file photo, Kmart chairman Edward Lampert listens during a news conference to announce the merger of Kmart and Sears in New York. Sears, the 125-year-old icon, has 24 hours to survive. The employer of more than 68,000 filed for bankruptcy in …
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