New York Times business news The following are the top stories on the New York Times business pages. Reuters has not verified these stories and does not vouch for their accuracy. – Volvo Cars said on Wednesday that all the models it introduces from 2019 will be either hybrids or […]
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Time Inc to cut 300 positions, or 4 percent of workforce Time Inc (TIME.N) said on Tuesday it is eliminating 300 positions, or 4 percent of its workforce, through layoffs and buyouts, according to an internal memo reviewed by Reuters. The cuts were being made as the New York-based media […]
U.S. federal government can pay bills through early September The U.S. federal government will have enough cash flow to pay its bills through at least early September despite the limit on more government borrowing, Treasury Secretary Steven Mnuchin said on Monday, while urging lawmakers to raise the debt limit soon. […]
Ford offering short-term consumer auto leases through Canvas Silicon Valley's latest mobility startup, a short-term vehicle leasing company called Canvas, is backed by old-school muscle: Ford Motor Credit Co, the dealer and consumer financing arm of U.S. automaker Ford Motor Co (F.N). From its San Francisco base, Canvas started offering […]
BlackBerry downplays Toyota's use of rival software BlackBerry Ltd on Monday downplayed news that Toyota Motor Corp would adopt rival software for its future vehicle consoles, saying it was more focused on the faster-growing market for autonomous driving technology. Automotive Grade Linux (AGL), a collaborative effort of some 100 technology […]
Oil prices slide over worries Middle East rift will undermine output cuts Oil prices fell for a third day on Tuesday, hit by concerns that a political rift between Qatar and several Arab states would undermine an OPEC-led push to tighten the market. Persistent gains in U.S. production also dragged […]
Toyota Sold All Its Tesla Stock, And Plans To Ignite 2020 Games By Flying Car It's not unusual to find that Toyota Motor Corp. has been quietly steering for the future, but some of its latest moves seem to have even jaded investors feeling revved up. For starters, Toyota has […]
U.S. financial council reimagined as boon, not bane, for Wall Street The Financial Stability Oversight Council (FSOC), which brings together all U.S. financial watchdogs, used to be the scourge of Wall Street but under Treasury Secretary Steven Mnuchin it can serve to ease its regulatory burdens. President Donald Trump has […]
Abercrombie & Fitch fields takeover interest U.S. teen apparel retailer company Abercrombie & Fitch Co (ANF.N) is working with an investment bank to field takeover interest from other retailers, people familiar with the situation said on Tuesday. Abercrombie's shares are trading at a 17-year low, making it a vulnerable acquisition […]
Apple tops $800 billion market cap for first time Apple Inc (AAPL.O) became the first U.S. company to top the $800 billion mark in market capitalization on Tuesday, slightly more than two years after it crossed the $700 billion threshold. The iPhone maker's shares have gained 33 percent this year […]
