Business

Uber orders 24000 Volvo XC90s for driverless fleet

Uber orders 24000 Volvo XC90s for driverless fleet

The agreement, which is non-exclusive, is the next step in a partnership between Uber and Volvo Cars that began in August 2016, and marks a new chapter in the convergence of auto makers and Silicon Valley-based technology companies. It builds on an original $300m deal signed between the two previous year. Uber also paints the right to order vehicles from other OEMs to help contribute to its fleet as part of the deal.


London to use waste coffee grounds to power city's buses

London to use waste coffee grounds to power city's buses

Bio-bean and partner Argent Energy have so far produced enough coffee oil to power one bus for a year, if used as a pure-blend for the 20 percent bio component and mixed with mineral diesel to form a B20 fuel, they said. Oil giant Shell and United Kingdom start-up bio-bean have teamed up on a project to provide a low carbon biofuel for London buses that contains waste coffee grounds collected from high-street retailers.


Toshiba to Raise ¥600 Billion in Fresh Capital (News)

Toshiba to Raise ¥600 Billion in Fresh Capital (News)

A board meeting on Sunday decided on the move, it said. Toshiba said proceeds from the new share issuance will be used for full payment of parent company guarantees related to Westinghouse. "But dilution is still something to be reckoned with". The chip deal still faces legal challenges from its chip joint venture partner Western Digital, which argues no deal can proceed without its consent and has sought an injunction through an global arbitration court.


Almost 51 Million Americans to Travel This Thanksgiving

Almost 51 Million Americans to Travel This Thanksgiving

The organization says 89 percent of travelers, 45.5 million, are planning a Thanksgiving road trip, despite the highest Thanksgiving gas prices since 2014. While the Wednesday before Thanksgiving and the Sunday after the holiday will be busy, he believes more people from the Chattanooga area are starting their trips earlier.



Comcast Corporation Class A (NASDAQ:CMCSA)'s Trend Up, Especially After Decreased Shorts

The stock increased 1.27% or $0.75 on November 17, reaching $59.9. About 3.39 million shares traded. Time Warner Inc (NYSE:TWX) has risen 36.37% since November 18, 2016 and is uptrending. The firm earned "Buy" rating on Friday, February 5 by Argus Research. The rating was maintained by Nomura on Monday, June 27 with "Buy". RBC Capital Markets maintained the stock with "Outperform" rating in Tuesday, January 31 report.


Merkel to brief German president on coalition talks' failure

Merkel to brief German president on coalition talks' failure

Three-party exploratory talks to form Germanys next coalition government collapsed after the pro-business Free Democratic Party (FDP) walked out of marathon negotiations, the media reported on Monday. "This is always hard for the economy". For Merkel's own arch-conservative allies in Bavaria's Christian Social Union (CSU), the stakes are existential.