Bloomberg

Bloomberg

Licensed content from Bloomberg, copyright 2016.

Articles

Makeblock logo
Sequoia-Backed China Robot Startup Said to be Raising New Funds
Makeblock is among a flurry of companies including Pearson Plc, Lego Group and Sony Corp. vying for a cut of the so-called STEM-learning industry.
Kraft Pulls $143 Billion Unilever Bid After Opposition
Kraft Pulls $143 Billion Unilever Bid After Opposition
“Our intention was to proceed on a friendly basis, but it was made clear Unilever did not wish to pursue a transaction. It is best to step away early so both companies can focus on their own independent plans to generate value.”
Opel logo.
GM, PSA Said to Value Opel at $2 Billion as Talks Advance
The manufacturers are working to complete the framework of a deal for PSA to buy Opel as soon as next Thursday, when the maker of Peugeot and Citroen cars reports full-year earnings.
Shale Drilling Is on a Roll as OPEC Cuts Keep Oil above $50
Shale Drilling Up as OPEC Cuts Keep Oil above $50
Drillers have added 72 rigs since 2017 began, the best start in five years. The expansion is spreading in Texas and Oklahoma, with the Granite Wash play leading the increase.
Deere Raises Profit Forecast as It Sees Signs of Recovery
Deere Raises Profit Forecast as It Sees Signs of Recovery
"We are seeing signs that after several years of steep declines key agricultural markets may be stabilizing," CEO Sam Allen said." Deere continues to perform far better than in agricultural downturns of the past."
Boeing CEO Dennis Muilenburg talks with the media at Trump Tower.
For Boeing Chief and Trump Access, How Cozy Is Too Cozy? 1
Ever since a critical tweet in December, Boeing has managed to get on the administration’s good side, with CEO Dennis Muilenburg named to Donald Trump’s manufacturing council, establishing a direct line to the Oval Office.
The famous neon Heinz bottle sign.
Kraft Heinz Spurned in $143 Billion Unilever Takeover Bid
Unilever rejected the $50 per share proposal, saying it “fundamentally undervalues” the company and that it doesn’t see a basis for further discussions.
Ford Autonomous Vehicle
Ford's Dozing Engineers Side With Google in Full Autonomy Push 1
The struggle to prevent snoozing-while-cruising has yielded a radical decision: Ford will venture to take the human out of the loop by removing the steering wheel, brake and gas pedals from its driverless cars debuting in 2021.
automated factory line
Robots Rule at Swiss Factories as Strong Franc and Wages Bite
Swiss companies looking to expand face a simple choice: Add robots or leave.
Boeing, SpaceX Safety Risks May Delay US Astronaut Travel 1
Boeing parachute systems haven’t been adequately evaluated and SpaceX engine turbines have cracked during testing, the Government Accountability Office said in a report.
Trump Nominates Ex-NLRB Member as Labor Secretary 2
R. Alexander Acosta served as assistant attorney general for the Civil Rights Division under President George W. Bush.
Koch-Backed Group to Unveil National Campaign to Kill Import Tax
Koch-Backed Group to Unveil National Campaign to Kill Import Tax 1
The battle over border adjustments -- which would tax U.S. businesses’ domestic sales and imports, while exempting their exports -- has divided corporate America with retailers and other net importers on one side and exporters on the other.
UAW Sends Organizers to Aid Tesla Worker Push to Unionize Plant
UAW Sends Organizers to Tesla to Push Union
Dennis Williams,UAW president, said union organizers have received complaints about long hours and potentially unsafe conditions at Tesla’s plant in Fremont, Calif.
Nestle chips
Nestle Braces for Slowdown as New CEO Plans Restructuring
Restructuring at Nestle will focus on costs that are “non-consumer-facing,” such as administration and improving factory networks, the CEO said.
Lockheed Martin F-35
Trump's F-35 Calls Came With a Surprise: Rival CEO Was Listening 2
Trump, who has criticized the $379 billion F-35 program as “out of control,” made the calls to Lieutenant General Chris Bogdan on Jan. 9 and Jan. 17, according to two people familiar with the matter.