Business
Two senators want US to order Tesla to restrict Autopilot use
WASHINGTON (Reuters) - Two U.S. senators on Friday urged regulators to bar Tesla from allowing the use of driver assistance system Autopilot on roads where it is not intended. Democratic Senators Ed Markey and Richard Blumenthal said the National ...
'End of oil not in sight', OPEC Secretary General says in MEES article
LONDON (Reuters) - The end of oil is not in sight, OPEC's top official said, as the pace of energy demand growth means that alternatives cannot replace it at the needed scale, and the focus should be on cutting emissions not oil use. In an op-ed ...
Earnings for Big Oil backpaddle as natgas prices tumble
By Sabrina Valle HOUSTON (Reuters) - U.S. and European oil companies reported weaker first quarter results on Friday due to a sharp drop in natural gas prices compared with a year ago. In the U.S., Exxon Mobil missed Wall Street earnings targets ...
Warren Buffett's real estate brokerage reaches $250 million antitrust settlement
By Jonathan Stempel (Reuters) - A real estate brokerage owned by Warren Buffett's Berkshire Hathaway said on Friday it reached a $250 million settlement of nationwide antitrust litigation that is expected to change how real estate agents are ...
Foreign automakers eager for Chinese partners at Beijing auto show
By Daniel Leussink and Sarah Wu BEIJING (Reuters) - Global automakers including Volkswagen and Toyota came to this year's Beijing auto show looking to catch up to surging China EV makers that are dominating the world's largest auto market. The ...
Televisa to merge Sky, cable 'as soon as possible'
MEXICO CITY (Reuters) - Mexican broadcaster Televisa plans to merge its satellite TV unit Sky with its cable TV and internet service Izzi as soon as possible, the head of the new unit, Francisco Valim, said on Friday. Televisa is aiming to trim ...
Starbucks and US workers' union meet for contract negotiations
(Reuters) - Starbucks held contract negotiations with the Workers United union over a two-day session in Atlanta, both the parties said on Friday, with plans to meet again in late May. The coffee chain and Workers United, that represents ...
General Motors to shut manufacturing operations in Colombia, Ecuador -statement
(Reuters) - Car maker General Motors will close its manufacturing operations in Colombia and Ecuador, the company said in a statement on Friday, as part of its shift towards producing next-generation vehicles. Manufacturing will cease at ...
Porsche AG posts Q1 profit drop on ramp-up costs
FRANKFURT (Reuters) -Porsche on Friday reported a 30% drop in first-quarter operating profit, citing higher investments in what the German luxury carmaker has called its biggest year of product launches in history. Operating profit in the first three ...
IGNITE Atlantic signs MOU with Indian grassroots innovation organization
IGNITE Atlantic had signed a Memorandum of Understanding (MOU) with Gujarat Grassroots Innovations Augmentation Network (GIAN) on April 24. The MOU represents a strategic alliance facilitating knowledge and technology transfers and innovation ...