Business

Rotten apple? Tesla's driverless auto software chief steps down

Rotten apple? Tesla's driverless auto software chief steps down

After Lattner was successfully poached by Tesla , he revealed in an interview how he meant to "accelerate the path to cars being appliances that solve people's problems". The race to be the first to develop truly autonomous cars isn't over yet, and Tesla might risk losing its lead in the midst of rotating leadership.



Hess Corporation (HES) Receiving Somewhat Positive Media Coverage, AlphaOne Reports

Zweig-Dimenna Associates Llc, which manages about $1.59B and $1.39 billion US Long portfolio, decreased its stake in Newell Brands Inc (NYSE:NWL) by 167,197 shares to 97,803 shares, valued at $4.37M in 2016Q4, according to the filing. (NYSE:HES) or 484 shares. Clearbridge Invs Ltd Limited Liability Company holds 0% in Hess Corp. Delta Lloyd Nv reported 72,560 shares. Caisse De Depot Et Placement Du Quebec owns 8,000 shares or 0% of their United States portfolio.



Saudi King Deposes Crown Prince And Names A New Heir, Age 31

Salman had already set a precedent for removal of a crown prince when, in April 2015, he appointed Mohammed bin Nayef and fired Prince Moqren bin Abdul Aziz bin Saud, who had assumed the post under the late King Abdullah. Iran's leadership was critical of comments by Prince Mohammed last month that the "battle" should be taken into Iran, with Supreme Leader Ayatollah Ali Khamenei labelling the Saudi leadership then as "idiots".


Cuomo to Mayor: Make Charter Compromise, Get 'School' Extension

Cuomo to Mayor: Make Charter Compromise, Get 'School' Extension

Councilman Danny Dromm (D-Jackson Heights), chairman of the Council's Education Committee and a former public school teacher, fears a return to the days "where the turkeys meant for lunch were walking out the back door, and the pianos meant for art class were walking out the back door".


Meeder Asset Management Inc. Cuts Position in Chesapeake Energy Co. (CHK)

Meeder Asset Management Inc. Cuts Position in Chesapeake Energy Co. (CHK)

It has underperformed by 16.70% the S&P500. Bank of America upgraded the shares of CHK in report on Friday, October 21 to "Neutral" rating. Federated Investors Inc. The forward P/E ratio stands at 4.38. By having an overview of the Income statement for Chesapeake Energy Corp (NYSE:CHK) the Revenue for the trailing twelve months is 8.59 Billion.


Slump in oil prices pulls stocks lower

Slump in oil prices pulls stocks lower

Energy shares in the S&P 500 fell 1.8%, deepening their declines for the year. Futures for the Dow Jones Industrial Average lost 4 points to 21,433, while those for the S&P 500 index gave up 3.50 points, or 0.1%, to 2,434. The Russell 2000 is down 7.47 points, or 0.5 percent. Its customers have been shifting toward higher-price products, such as leather, that mean bigger profits for the company.