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Finance

The person didn't want to be identified because the decision hasn't been made public. It is projected to produce 300,000 vehicles a year, with half being the Toyota Corolla and the rest an unspecified Mazda model. Toyota, which is the world's largest auto maker, already has factories in Indiana, Kentucky, Mississippi and Texas, as well as an existing engine plant in Huntsville.
  • CVS Health Corp (CVS) Position Raised by Trillium Asset Management LLC

    Finance

    Hudson Canyon Investment Counselors LLC now owns 16,463 shares of the pharmacy operator's stock valued at $1,576,000 after buying an additional 383 shares during the last quarter. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the company.
  • UK Law Banning The Manufacturing Of Microbeads Has Just Come Into Effect

    UK Law Banning The Manufacturing Of Microbeads Has Just Come Into Effect

    Finance

    Environment Minister Therese Coffey heralded the ban as a "world-leading" move and an "important milestone" in the battle to reduce the amount of plastic entering our oceans . Nearly all of Britain's major retailers have pledged to phase out harmful microbeads from their own-brand cosmetic and beauty products. "Since the ban recommendation, my committee has also recommended that we should have a deposit return scheme , the latte levy because of the recyclability of coffee cups and ...
  • German industrial output rebounds in November

    German industrial output rebounds in November

    Finance

    Orders were forecast to drop 0.2 percent and this was the first decrease in orders since July. Industrial output jumped 3.4 percent for the month, the biggest increase since September 2009, the Federal Statistics Office reported on Tuesday, overshooting a 1.8 percent forecast in a Reuters poll.
  • Duke Realty Corporation (DRE) Analysts See $0.30 EPS

    Finance

    Investment House Llc increased Union Pac Corp (UNP) stake by 14.84% reported in 2017Q3 SEC filing. The institutional investor held 228,736 shares of the home furnishings company at the end of 2017Q3, valued at $5.37 million, down from 709,315 at the end of the previous reported quarter.
  • Brooklyn Assemblywoman Indicted on FEMA Fraud

    Brooklyn Assemblywoman Indicted on FEMA Fraud

    Finance

    Between August 2014 and July 2015, Harris, who was executive director of a not-for-profit organization in Brooklyn at the time, cheated the Council out of almost $23,000 in discretionary funding by falsely claiming the not-for-profit would use the money to rent a studio space, the court documents stated.
  • Kodak Launches Cryptocurrency, Stock Soars

    Kodak Launches Cryptocurrency, Stock Soars

    Finance

    Kodak's stock more than doubled in price early Tuesday following news that the photo company will launch a new blockchain-based rights-management service. "Kodak has always sought to democratize photography and make licensing fair to artists". There are no regulations over the creation and use of virtual currencies and the nature of the transactions make them hard to trace.
  • Discovery Communications moving from Silver Spring to NYC

    Finance

    The memo said that it's early to understand the timing and how departments will be impacted, but that the company wanted to provide more time for planning as well as transparency. Discovery was founded in Landover, Maryland, in 1985, and moved its global headquarters to Bethesda, Maryland in 1991 and then to its current headquarters building in Silver Spring in 2003.
  • JP Morgan's Dimon regrets calling bitcoin a 'fraud'

    JP Morgan's Dimon regrets calling bitcoin a 'fraud'

    Finance

    It was back in September when Dimon made the infamous comment at an investor conference in NY. Dimon and Lake, however, have commended blockchain - the technology used by bitcoin and other digital currencies - a view echoed by Citigroup Inc CFO John Gerspach and many others across the industry.
  • Jeff Bezos net worth tops $105 billion as Amazon stock surges

    Jeff Bezos net worth tops $105 billion as Amazon stock surges

    Finance

    Gates, 62, would have a net worth of more than US$150 billion if he'd held onto assets that he's given away, largely to the Bill & Melinda Gates Foundation. Bloomberg reports Gates has given away hundreds of millions of Microsoft shares over the years, as well as a couple billion in cash. He moved back ahead of Gates in November when he first crossed the $100 billion net worth mark, as Amazon stock performed very well during the holiday period.
  • Allegiant announces flights out of new airport

    Allegiant announces flights out of new airport

    Finance

    Flights from Pittsburgh also begin April 11 with one-way fares as low as $50. Fares for the flights from Cincinnati , Indianapolis and Pittsburgh will start as low as $48. The Charlotte County airport has seen hand-over-fist expansion in recent years and offers travelers more than 30 destinations. The three new nonstop destinations are strong and there are plenty of flights to go around.
  • Rafael Nadal to play at Kooyong ahead of Australian Open

    Rafael Nadal to play at Kooyong ahead of Australian Open

    Finance

    Open titles, has been struggling with a right knee problem and withdrew from the ATP tournament in Brisbane to give himself longer for recovery. He trained at Melbourne Park on Friday and Saturday before he was confirmed to feature at the event in Melbourne's inner-east.
  • IShares Russell 2000 Growth (IWO) Rises 0.04% for Jan 9

    Finance

    Traders may be following this reading to spot near-term positive momentum on shares. ROIC may also be an important metric for the value investor who is trying to determine the company's moat. The Index measures the performance of equity securities of Russell 1000 index issuers with relatively higher price-to-book ratios and higher forecasted growth.
  • NASA astronaut John Young dies at 87

    NASA astronaut John Young dies at 87

    Finance

    When America needed someone to prove the space shuttle could actually fly, it turned to Young and Bob Crippen . He was the first astronaut to fly six times in space on three different kinds of spacecraft. "This is the world's greatest flying machine, I'll tell you that", Young said as the orbiter came to a wheels stop under his control. He served as commander again for STS-9 in 1983 for his final spaceflight.
  • Tesco top in UK Christmas trading battle - Kantar Worldpanel

    Tesco top in UK Christmas trading battle - Kantar Worldpanel

    Finance

    Supermarket grocery sales rose by £1bn over the festive period as shoppers traded up to premium products. Overall online supermarket sales enjoyed their biggest ever Christmas, up 4.9 per cent year on year. Morrisons increased sales by 2.1 per cent, with strongest growth coming from ambient and frozen foods, though the grocer's market share fell by 0.2 percentage points to 10.7 per cent.
  • Pfizer Ends Some Researches on New Drugs

    Pfizer Ends Some Researches on New Drugs

    Finance

    Pfizer has said it will end research into diseases such as Alzheimer's and Parkinson's, shedding 300 jobs at R&D units in MA and CT. Pfizer is now part of the Dementia Discovery Fund , which was launched in 2015 to develop new Alzheimer's treatments.
  • Jet Airways fires pilots who fought on flight, left cockpit unattended

    Jet Airways fires pilots who fought on flight, left cockpit unattended

    Finance

    The spokesperson of the Airline said that "At Jet Airways , safety of guests, crew and assets is of paramount importance". He said Malhotra used crew members for smuggling forex. They are trying to find out details of the bullion dealers involved in this syndicate, he mentioned. A team from the directorate entered a flight about to leave for Hong Kong and checked the bags of the stewardess, Devshi Kulshreshtha at around 3 am on Monday morning at the Delhi airport, a.
  • VTech to settle charges it violated children's privacy: US FTC

    VTech to settle charges it violated children's privacy: US FTC

    Finance

    The FTC's complaint accused the company of collecting the personal information of hundreds of thousands of children through an app called Kid Connect that was used with some of VTech's electronic toys. Law enforcement in England arrested a 21-year-old Bracknell man in connection with the data breach in December 2015. VTech was unaware that its network had been penetrated and data taken until it was contacted by a journalist.