In-depth coverage of the economy and industry latest headlines, breaking news and top stories:
Thursday, January 14, 2016 from Transportation
Since Google's self-driving cars first rolled onto public roads in 2014, they've had to cede control to their drivers roughly 350 times , mostly because their sensors failed to correctly recognize objects in the real-world. ...-
Wednesday, January 13, 2016 from NPR Topics: EconomyThe Democrat's latest proposal would raise rates on the very (very) richest Americans and raise revenue, but it would further complicate the tax system and could be a minor drag on the economy.
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Wednesday, January 13, 2016 from zero hedge - on a long enough timeline, the survival rate for everyone drops to zeroIf you needed a crash course in how not to conduct foreign policy, you need only take a cursory glance at Washington’s trials and travails in the Mid-East over the last decade. On the way to documenting the the carnage unfolding in...
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Wednesday, January 13, 2016 from Reuters: Basic MaterialsJan 13 (Reuters) - Dominion Diamond Corp said on Wednesday its executive chairman will step down and be replaced by Jim Gowans, a mining industry veteran, who will take over as non-executive chairman no later than April 30.
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Wednesday, January 13, 2016 from Reuters: IndustrialsBOSTON/FAIRFIELD, Conn., Jan 13 (Reuters) - General Electric Co's decision to move its corporate headquarters from Connecticut to Boston will boost the city's efforts to revitalize a run-down district where mob boss James "Whitey" Bulger...
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Thursday, January 14, 2016 from TransportationAt the Detroit Auto Show, Henrik Fisker staged a dashing comeback by showcasing his latest supercar and also launching a new car company, VLF Automotive. If all goes according to plan — and from what Fisker and one of his partners, auto...
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Thursday, January 14, 2016 from Reuters: IndustrialsSEOUL, Jan 14 (Reuters) - South Korean memory chip maker SK Hynix Inc said on Thursday it plans at least 6 trillion won ($5 billion) in capital expenditure in 2016, a level similar to last year's, to improve its production technologies...
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Thursday, January 14, 2016 from Reuters: Cyclical Consumer GoodsLOS ANGELES, Jan 13 (Reuters) - The cast of NBC's hit sitcom "Friends" is scheduled to come together next month for the first time on the network since the series ended in 2004 for a tribute to TV comedy director James Burrows, NBC...
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Wednesday, January 13, 2016 from zero hedge - on a long enough timeline, the survival rate for everyone drops to zeroWith just hours to go before Obama's last State of the Union address, the US president suffered his latest foreign policy fiasco when around noon local time, Iran arrested 10 US sailors in a boat that has allegedly entered deep into...
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Thursday, January 14, 2016 from Reuters: Cyclical Consumer GoodsLONDON, Jan 14 (Reuters) - The number of British companies that raised their advertising budgets in the fourth quarter of 2015 slowed to its lowest level in nearly three years as concerns over the economy grew, according to an industry...
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Thursday, January 14, 2016 from Reuters: Basic MaterialsSHANGHAI, Jan 14 (Reuters) - Just how worried should the commodity sector be about China?
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Thursday, January 14, 2016 from Firstpost » EconomyNew Delhi - In a bid to address the rural distress that is driving farmers to suicide, the NDA government on Wednesday announced a new Rs 17,600-crore crop insurance scheme to cover loss of crops due to natural calamities like drought at...
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Wednesday, January 13, 2016 from Reuters: IndustrialsJan 13 (Reuters) - A group of technology executives have launched a $100 million venture fund targeting a range of business software startups across North America.
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Thursday, January 14, 2016 from MarketWatch.com - Top StoriesThe market selloff in China is not as apocalyptic as the headlines would have you believe, writes Jeff Reeves.
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Wednesday, January 13, 2016 from Reuters: Basic MaterialsJan 13 (Reuters) - Dominion Diamond Corp said on Wednesday its executive chairman will step down and be replaced by Jim Gowans, a mining industry veteran, who will take over as non-executive chairman no later than April 30.
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Thursday, January 14, 2016 from TransportationSince Google's self-driving cars first rolled onto public roads in 2014, they've had to cede control to their drivers roughly 350 times , mostly because their sensors failed to correctly recognize objects in the real-world. ...
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Wednesday, January 13, 2016 from NYT > EconomyEconomic activity expanded in nine of the nation’s 12 districts, the Fed said in its Beige Book report of anecdotal information on business activity.
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Thursday, January 14, 2016 from Moneycontrol Top HeadlinesThe wholesale price index (WPI) for the month of December is likely to come in at -1.07 percent versus -1.99 percent seen for the month of November.
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Wednesday, January 13, 2016 from Automotive News Breaking News FeedHarry Wilson, the activist investor who last year prodded General Motors to buy back $5 billion in stock, says that GM's recent move to make CEO Mary Barra board chairman was 'remarkably tone deaf,' even as he applauded her performance.
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Wednesday, January 13, 2016 from EnergyStephen King, senior economic adviser at HSBC, says a worldwide slowdown is causing commodity prices to fall.
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Wednesday, January 13, 2016 from Reuters: Industrials* Massachusetts to give up to $120 mln in grants, incentives (Adds details about tax rates in Connecticut and Massachusetts, comment by Connecticut governor)
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Thursday, January 14, 2016 from Reuters: Industrials* U.S. says China's expansion could threaten freedom of shipping
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Wednesday, January 13, 2016 from NPR Topics: EconomyGE says it will move its headquarters from Fairfield, Conn., to Boston. The company will be getting huge tax breaks, but more than that, it will be gaining access to universities and nonstop flights.
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Thursday, January 14, 2016 from MarketWatch.com - Top StoriesYour bucket list probably contains some exciting goals: sky diving, learning to ride a motorcycle, venturing to a remote corner of the globe, or finally publishing that book.
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Wednesday, January 13, 2016 from zero hedge - on a long enough timeline, the survival rate for everyone drops to zeroSubmitted by Paul Rosenberg via FreemansPerspective.com, It recently struck me that the people we think of as “geniuses” tend to arrive, over time, at surprisingly similar sets of conclusions. It further struck me that a...
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Wednesday, January 13, 2016 from Automotive News Breaking News FeedGerman supplier Roechling Automotive is betting the next step in aerodynamic technology is something called engine encapsulation.
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Thursday, January 14, 2016 from zero hedge - on a long enough timeline, the survival rate for everyone drops to zeroSeven years ago, America was promised hope and change. The change never came, but at least there is still hope, and it comes in the form of a voluntary tax known as the Powerball lottery. The only problem: it happens to be everyone else'...
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Thursday, January 14, 2016 from Reuters: IndustrialsNEW YORK, Jan 13 (Reuters) - Boeing Co and its engineering union said on Wednesday they struck a tentative deal to extend labor contracts for more than 20,000 workers by six years.
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Thursday, January 14, 2016 from zero hedge - on a long enough timeline, the survival rate for everyone drops to zeroOn Tuesday, we weren’t surprised to learn that some banks in Shanghai and Beijing were apparently running short of physical dollar bills. According to Ming Pao , Shanghai residents were lined up at local banks in a frantic effort to sell...
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Thursday, January 14, 2016 from Reuters: Industrials* Bilfinger trying to recover after profit warnings (Adds more detail on strategy)
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Thursday, January 14, 2016 from Economics, interest rates, house prices, inflation, Bank of EnglandBrent crude prices fall below $30 for the first time since April 2004 and could make fuel cheaper than water
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Thursday, January 14, 2016 from Moneycontrol Top HeadlinesIt also approved a proposal of Starlight Energy Limited to set up an integrated grain based distillery unit along with a parboiled rice mill and co-generation biomass power plant at Goud Sariguda in Kalahandi district with a total...
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Thursday, January 14, 2016 from Moneycontrol Top HeadlinesThe trade investment between India and the ASEAN countries are crucial since the CLMV countries cover 32 percent of the ASEAN region and has a huge market for Indian products and with a 165 million strong population, Chanthol said.
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Thursday, January 14, 2016 from Reuters: IndustrialsHONG KONG, Jan 14 (Reuters) - Fitch Ratings affirmed Noble Group's BBB-minus rating with a stable outlook on Thursday, remaining the only agency to assign the coveted investment-grade rating on Asia's biggest commodities trader.
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Wednesday, January 13, 2016 from Reuters: IndustrialsWASHINGTON, Jan 13 (Reuters) - The U.S. Air Force is shelving plans to retire the aging A-10 "Warthog" aircraft, a heavily armored tank killer, because of its role in the fight against Islamic State, online publication Defense One...
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Thursday, January 14, 2016 from IBTimes.co.uk : EconomyGreater London still showing strong house price growth despite drop in central areas.
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Wednesday, January 13, 2016 from zero hedge - on a long enough timeline, the survival rate for everyone drops to zeroTwo days ago we reported that one half of JPM's Croatian "Duo of Doom", namely equity strategist Dubravko Lakos-Bujas, became every BTFDer's worst enemy when he said that the time of BTFDing is over, and a regime change has arrived one...
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Thursday, January 14, 2016 from MarketWatch.com - Top StoriesEuropean stock markets slump as investors continue to fret about the ongoing selloff in oil prices and choppy Chinese markets.
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Thursday, January 14, 2016 from zero hedge - on a long enough timeline, the survival rate for everyone drops to zeroSubmitted by Walter E Williams via The Burning Platform blog , Michael Hiltzik, a columnist and Los Angeles Times reporter, wrote an article titled “Does a minimum wage raise hurt workers? Economists say: We don’t...
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Wednesday, January 13, 2016 from EnergyThe end of double-digit China growth, low global interest rates and OPEC unity has disrupted markets, explains Ernesto Ramos, MD and head of equities at BMO Asset Management U.S.
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Thursday, January 14, 2016 from Automotive News Breaking News FeedTwo Fiat Chrysler dealerships that are part of a suburban Chicago dealer group filed a civil racketeering suit against Fiat Chrysler, alleging the automaker offered dealers large amounts of money to report unsold vehicles as sold.
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Thursday, January 14, 2016 from Moneycontrol Top HeadlinesPiyush Goyal, who is here to take part in the India Japan Strategic Energy Dialogue, also said that companies and lenders in Japan have evinced interest in setting up big solar projects and setting up equipment manufacturing lines in India.
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Thursday, January 14, 2016 from zero hedge - on a long enough timeline, the survival rate for everyone drops to zero... As he points in the right direction. Thanks for the laugh Yahoo . h/t @Estimated_0
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Wednesday, January 13, 2016 from zero hedge - on a long enough timeline, the survival rate for everyone drops to zeroIt's one thing for a fringe website to mock the Fed (on a daily basis, for the past 7 years), with articles such as this one we posted just before noon today, showing that inflation expectations have once again imploded, less than a...
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Thursday, January 14, 2016 from MarketWatch.com - Top StoriesTechnology, in this case, hinders the normal functioning of the weapon, writes Jurica Dujmović.
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Thursday, January 14, 2016 from zero hedge - on a long enough timeline, the survival rate for everyone drops to zeroCorrelation or Causation? h/t DoubleLine Easy money by The Fed expanding their balance sheet ENABLED tight oil to be produced 'economically' ... But the signals this sent to the market became self-fulfilling (thanks to an...
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Wednesday, January 13, 2016 from Reuters: IndustrialsNEW YORK, Jan 13 (Reuters) - Boeing Co and its engineering union said on Wednesday they reached a tentative agreement to extend the labor contract for more than 20,000 workers.
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Wednesday, January 13, 2016 from zero hedge - on a long enough timeline, the survival rate for everyone drops to zeroIt was just yesterday when we documented the continuing slide in the loonie, which is suffering mightily in the face of oil’s inexorable decline. As regular readers are no doubt acutely aware, Canada is struggling through a dramatic...
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Thursday, January 14, 2016 from Reuters: Cyclical Consumer GoodsDETROIT, Jan 13 (Reuters) - A looming slowdown in global auto demand will test U.S. automakers General Motors Co and Ford Motor Co as they try to funnel more cash to shareholders while still investing adequately in new vehicles and...
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Thursday, January 14, 2016 from TheStreet Search RSS Feed: Stock Market TodayClick to view a price quote on SONC . Click to research the Leisure industry.
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Thursday, January 14, 2016 from Moneycontrol Top HeadlinesThe Council reviewed the major issues and challenges facing the economy. FSDC is a high-powered body, whose members include RBI Governor, Sebi Chairman, IRDAI Chief and heads of other regulatory bodies.
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Wednesday, January 13, 2016 from Construction Dive - Latest NewsNDOT Commissioner Len Savage called the project a "lifeline to the new Nevada."
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Wednesday, January 13, 2016 from FoodManufacture RSSThe latest trends in food and drink innovation will take centre stage at the Food Manufacture’s one-day conference in London on Thursday 17 March and there’s still time to benefit from the early-bird ticket rate of £361 plus VAT per person.
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Wednesday, January 13, 2016 from FoodManufacture RSSA collection of scientific studies, applications expertise, regulatory knowledge and consumer insights concerning digestive health has been launched by DSM Nutritional Products.
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Wednesday, January 13, 2016 from Manufacturing.net AllNews The railroad's forecast for lower freight volume suggests the overall U.S. economy may be slowing after several years of steady growth. Contributed Author: Josh Funk, AP Business Writer Topics: Economics
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Thursday, January 14, 2016 from Maritime News - Maritime & Shipbuilding NewsOn 7 December 2015, Neptune Orient Lines (NOL), parent company of G6 Alliance member APL, announced the potential acquisition of NOL by CMA CGM. The transaction
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Wednesday, January 13, 2016 from Food Business News Latest NewsIn the face of increasing competition the company is considering productivity initiatives and divestitures
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Wednesday, January 13, 2016 from Telecompaper Headlines(Telecompaper) Telecom Italia has officially unveiled a new "modern and simple" TIM logo and announced a new Rome headquarters in a presentation attended by World Wide Web inventor Sir Tim Berners-Lee. The adoption of the TIM mobile...
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Wednesday, January 13, 2016 from Agriculture NewsMany analysts think the Feds will bump up interest rates again in 2016.
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Wednesday, January 13, 2016 from IndustryWeekProject CEO: “We are going to be partnering more and more and more” and we will need “a lot of help.” read more
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Wednesday, January 13, 2016 from FoodManufacture RSSShepton Mallet Cider Mill is to close with the loss of 127 jobs as its owner C&C Group moves production to Ireland.
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Wednesday, January 13, 2016 from Construction Dive - Latest NewsChicago, Washington, DC, and Detroit have all seen increased hotel building this year, but New York is the definitive winner with the greatest number of units under construction.
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Wednesday, January 13, 2016 from Manufacturing.net AllVideos A group of U.S. astronomers used data from three of NASA's Great Observatories to study the most massive cluster ever found in the early universe Contributed Author: Wall Street Journal Topics: Aerospace
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Wednesday, January 13, 2016 from Maritime News - Maritime & Shipbuilding NewsIndustrial lighting specialist Larson Electronics announced the release of a 30 watt LED deck light equipped with a 360° spindle that allows for complete rotation while being permanently mounted.
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Wednesday, January 13, 2016 from Food Business News Latest NewsMonogram Foods teams with Steve Harvey to deliver Easy Bacon which cooks up quickly minus the mess
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Wednesday, January 13, 2016 from EBR - NewsValterra Resource reports that it has elected not to exercise its Property Option Agreement dated June 1, 2012 wherein the company had been granted an option to acquire a 100% interest in the Bobcaygeon Graphite Property in Southern...
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Wednesday, January 13, 2016 from Manufacturing.net AllNews The reports show wildly different levels of success since on-road testing started in September 2014. Contributed Author: Justin Pritchard, The Associated Press Topics: Automotive
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Wednesday, January 13, 2016 from Manufacturing.net AllNews Slated to open in April, Galactica will present adventurous ride-goers with a launch that produces a total g-force of 3.5. Staff Author: Jake Meister Topics: Product Development
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Wednesday, January 13, 2016 from Agriculture NewsIn today's podcast we sit down with Bob Grace with The Leadership Effect out of St. Louis, Mo. Bob talks about how communication is the key to success of anyone's organization or business. Part 1 of a 2 part series.
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Wednesday, January 13, 2016 from BeverageDaily RSSThe Frozen Bean has partnered with Domino, to print labels directly onto its packaging thanks to changes in the law in countries such as Saudi Arabia, India and the Middle East.
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Wednesday, January 13, 2016 from Food Business News Latest NewsArea would be smallest since 2010
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Thursday, January 14, 2016 from Supply Chain DigestAmazon Looks Increasingly Serious about Flying Own Air Cargo Planes, US Frackers in Deep Financial Troubles, Supply Chain Demography is Destiny, Dematic May Move Factory South of the Border
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Wednesday, January 13, 2016 from World Nuclear NewsChina General Nuclear (CGN) expects to complete construction of a demonstration small modular offshore multi-purpose reactor by 2020, the company announced yesterday.
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Wednesday, January 13, 2016 from World Nuclear NewsA US House of Representatives committee has approved a bipartisan bill to support federal research and development (R&D) and stimulate private investment in advanced nuclear reactor technologies. The approval came as President Barack...
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Wednesday, January 13, 2016 from FoodManufacture RSSFood manufacturers are now able to access a free online global database of more than 70,000 ingredients.
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Thursday, January 14, 2016 from Maritime News - Maritime & Shipbuilding NewsThe Maritime and Port Authority (MPA) of Singaporehas announced an additional 10 per cent concession on port dues for container vessels calling in Singapore, with port stays of up to five days,
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Wednesday, January 13, 2016 from BeverageDaily RSSThe way sports foods are regulated in the EU is set to change. But how? Craig Simpson, EU food law expert with Steptoe & Johnson in the UK, gives his view likely outcomes and industry impacts.
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Wednesday, January 13, 2016 from Food Business News Latest NewsSuperfoods snacks maker closes on 3 million in financing
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Wednesday, January 13, 2016 from World Maritime NewsCOSCO Shipyard Engineering Service (Dalian), a subsidiary of COSCO Shipyard Group, has entered into a deal to acquire the entire registered capital of COSCO (Xiamen) Shipyard. Pursuant to agreement, CSES will acquire a 51% interest in...
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Wednesday, January 13, 2016 from World Maritime NewsWärtsilä is launching a complete concept for a series of shuttle ferries, featuring zero or low emissions. The concept has been developed in line with the Norwegian government’s new environmental regulations for ferries emphasising the...
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Thursday, January 14, 2016 from World Maritime NewsNew York-listed tanker owner Scorpio Tankers Inc. has upsized its previously announced USD 87 million credit facility with ING Bank N.V. to USD 132.5 million. The facility will bear interest at LIBOR plus a margin of 1.95% per annum, the...
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Thursday, January 14, 2016 from World Maritime NewsFollowing Australian Institute of Marine and Power Engineers’ (AIMPE) decision to escalate a strike campaign at the nation’s ports, Danish tug operator Svitzer has turned to the Fair Work Commission seeking to terminate these actions,...
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Wednesday, January 13, 2016 from FoodManufacture RSSKettle Chips maker Diamond Foods has bought a 26% stake in the innovative ‘healthy’ popcorn manufacturer Metcalfe’s Skinny.
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Wednesday, January 13, 2016 from World Maritime NewsEnergy-hungry Pakistan is planning to meet its gas needs by commissioning a second liquefied natural gas (LNG) import terminal, Reuters reports citing an unnamed government official. As disclosed, the tender for the import terminal has...
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Thursday, January 14, 2016 from World Maritime NewsIran seems to be losing no time with the preparations for the post-sanction era which seems to be ever closer. Namely, the country is in talks with European counterparts Belgium, France and Germany on construction of liquefied natural...
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Wednesday, January 13, 2016 from BeverageDaily RSSPepsiCo recently announced the launch of organic Gatorade for 2016, something an executive with Daymon Worldwide said is a forward-thinking move that is quickly becoming the norm.
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Wednesday, January 13, 2016 from Manufacturing.net AllNews Tesla CEO Elon Musk said that Apple developing an electric car is an “open secret” in the tech world. Staff Author: Megan Crouse Topics: Tech
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Thursday, January 14, 2016 from World Maritime NewsFerry operator P&O Ferries has decided to close its loss-making LarneTroon route with immediate effect. “P&O Ferries has proudly operated this additional seasonal route since 2003, but the stark reality is that the company...
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Wednesday, January 13, 2016 from Manufacturing.net AllNews GE announced in June that it was unhappy about legislative tax proposals in Connecticut and was thinking about a move. Contributed Author: Susan Haigh, The Associated Press Topics: Operations
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Wednesday, January 13, 2016 from IndustryWeekThe initial spark for enterprise-wide supply chain initiatives usually comes out of the mind of single individuals. read more
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Wednesday, January 13, 2016 from Manufacturing.net AllNews This launch site — more than 90 miles above the Arctic Circle — must be enclosed and heated to protect the rockets from the elements until launch. Staff Author: Katie Mohr Topics: Aerospace
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Wednesday, January 13, 2016 from World Nuclear NewsA team led by Battelle Memorial Institute has been selected by the US Department of Energy (DOE) to drill a 16,000 feet (4880 metre) test borehole into a crystalline basement rock formation in North Dakota as part of studies into the...
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Wednesday, January 13, 2016 from IndustryWeekDramatic improvement in collision avoidance tech has helped automakers foreign and domestic aim for a future free from wrecks: “The long term vision is that cars shouldn’t crash.” read more
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Wednesday, January 13, 2016 from FoodManufacture RSSMeadow Foods, the UK’s largest independent dairy, has been slammed by the National Farmers Union (NFU) for the “unsustainable price” it pays for its milk.
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Wednesday, January 13, 2016 from Food Business News Latest NewsCompany plans to be leading spender in the category support the brand
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Thursday, January 14, 2016 from Maritime News - Maritime & Shipbuilding NewsHapag-Lloyd announces the South East Asia - Australia Service (SAL) update in regards to the recent CustomerInfo in relation to M/V Hanjin Aqua (Voyage 0029N).
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Wednesday, January 13, 2016 from IndustryWeekGlenn Marshall, Newport News Shipbuilding (retired) Augmented Reality plus Training Within Industry equals a skills gap solution. read more
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Thursday, January 14, 2016 from Maritime News - Maritime & Shipbuilding NewsSingapore’s maritime industry had a mixed performance in 2015. While the Republic remained the world’s top bunkering port, with the volume of bunkers sold last year increasing by 6.
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Wednesday, January 13, 2016 from World Maritime NewsCutting emissions in a world already experiencing climate change has been one of the key topics last year as world powers met in Paris to talk measures aimed at curbing global warming of more than 2°C. Even though shipping has been left...
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Wednesday, January 13, 2016 from Food Business News Latest NewsDiscount grocery chain also expanding organic offerings
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Thursday, January 14, 2016 from Maritime News - Maritime & Shipbuilding NewsFor twelve years the International Maritime Human Element Bulletin Alert! has been regularly published, its mission being to raise awareness of human element issues.