Business

General Motors to invest $334M in 3 New York state plants

General Motors to invest $334M in 3 New York state plants

General Motors announced Wednesday that it will invest $334 million in its Tonawanda, Lockport and Rochester plants for new machinery and equipment to produce future engine and component products. As part of a $334 million investment in Western New York, GM also plans to spend almost $296 million at its Tonawanda Engine plant and almost $32 million at its GMCH Lockport plant.


Trump fills out his tech summit attendee list

Trump fills out his tech summit attendee list

Alphabet CEO Larry Page, Apple CEO Tim Cook, Facebook COO Sheryl Sandberg are all included on the guest list for the gathering, which will convene Wednesday at Trump Tower in NY. He also blasted the firm's manufacturing model, including production in China and other overseas nations, although Trump companies have also done manufacturing overseas.


Defense Industry Takes A Hit Following Trump's F-35 Comments

Defense Industry Takes A Hit Following Trump's F-35 Comments

Defense giant Lockheed Martin Corp. found that out Monday when the president-elect again used Twitter to blast the F-35 fighter-jet program for costs he termed "out of control". Trump started discussing the F-35 early in the presidential campaign, calling it expensive and "not very good". But Trump's off-the-cuff remarks bristled others in Congress.



Syria: Kerry, diplomats seek support for Aleppo's opposition

American Ambassador to the UN Samantha Power said while the resolution is far from ideal, it is a vote to "stand up to tell Russian Federation and ( Syrian President Bashar) Assad to stop the carnage". The Syrian Observatory for Human Rights also said Thursday on-ground fighting persisted and warplanes bombed the city overnight. Government forces launched an attack in the Izaa area near the Old City early yesterday which insurgents repelled, destroying an army tank, he said.


At Least 3 Dead in East Tennessee Fires

At Least 3 Dead in East Tennessee Fires

In all, more than 14,000 residents and tourists were forced to evacuate the tourist city in the mountains, where some hotspots persisted and a curfew was planned for Tuesday night. Obama also committed to providing the assistance necessary to combat the fires. At a news conference Friday, Great Smoky Mountains National Park Superintendent Cassius Cash asked people who hiked the Chimney Tops Trail on November 23, or know someone who did, to contact the investigative team.


Markets Right Now: Dow, S&P 500 open at record highs

Markets Right Now: Dow, S&P 500 open at record highs

While the French CAC 40 Index is just above the unchanged line, the German DAX Index is down by 0.2 percent and the U.K.'s FTSE 100 Index is down by 0.5 percent. Oil prices soared, rising more than 6 percent, as non-OPEC producers including Russian Federation agreed to cut production by 558,000 barrels per day next year.