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Mercedes Hastens Electric-Car Shift as Combustion Era Fades
In a 10 billion-euro project, Mercedes intends to release 10 new electric vehicles by 2022, three years earlier than a target announced at the Paris auto show in September.
Download Your Brain? Musk's New Startup Focuses on 'Neural Lacing'
The Tesla founder said Neuralink will be devoted to enabling brains to interface directly with computers.
Budweiser's Brewer Won't Burn Coal
The world's largest beermaker plans on powering its breweries with 100% renewable energy by 2025.
GM Snubs Einhorn Dividend Share Proposal, Cites Rating Risk
“The proposed structure creates an unacceptable level of risk for our company and its shareholders,” said CEO Mary Barra.
Robots Are Slashing US Wages, Worsening Pay Inequality
Even one additional robot can cut wages ... Plus, summaries of other new reports on non-employment a neutral interest rate.
Ford Investing $1.2 Billion in US Plants as Trump Touts Jobs
The investments, which were part of contract negotiations with the United Auto Workers in 2015, will most benefit three Michigan plants.
Tesla Wins Tencent Backing as China Tech Giant Buys 5% Stake
The acquisition makes Tencent Tesla’s fifth-largest shareholder, according to data compiled by Bloomberg.
Pratt to Supply Spare Engines as Turbofan Glitches Persist
The continuing problems have been a blow to Pratt & Whitney, which has spent $10 billion developing the innovative GTF engine.
Trump's Order Won't Resurrect Jobs of Miners Key to His Campaign
The order won’t immediately boost demand for coal, which is facing stiff competition from cheaper natural gas and a boom in wind and solar power.
Buffett's China Rival in Buses: We Don't Need the U.S. Anyway
“We won’t do business in North America,” said Tang Yuxiang, chairman of Zhengzhou Yutong Bus Co. “China and the U.S. don’t have a very good relationship. We would like to go to the markets that are friendly to China.”
Uber Will Suspend Autonomous Tests After Arizona Accident
Already dealing with separate scandals, Uber will suspend Arizona tests and pause Pittsburgh operations after a brutal collision — for which the Uber car was not at fault — in Tempe.
Dow-DuPont Deal Wins Conditional Antitrust Approval From EU
The takeover, announced a year ago, is the first to win EU approval out of a trio of mega-deals that would reshape the global agrochemicals industry.
Lockheed's $29 Billion Copter Poised to Win Pentagon's Approval
Approval to proceed would be the first major acquisition decision under Defense Secretary James Mattis.
Samsung Apologizes to Shareholders for Involvement in Scandals
Presidential ousters and recalled phones contributed to a bad year for Samsung. The South Korean leader has pledged to have a better 2017.
Durable Goods Orders Increase, Again
A sixth straight gain in durable goods orders (minus transportation equipment) underscores rising demand that should help to broaden economic growth.
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