Federally backed $2.2 billion solar plant in California may be forced to close. The solar plant failed to supply electricity to Pacific Gas and Electric Co as promised.
United States
FedEx Said Amazon Needs Tens of Billions of Dollars and Years to Compete With The Company's Network
FedEx said in a statement that “a new entity competing” with the company will have to spend tens of billions of dollars to replicate its current extensive network. The statement, referring to Amazon’s new plan to get into the logistic business, also assured that FedEx’s relationship with Amazon remain strong.
McKesson dismisses 1,600 staffs from US office to preserve its cash level
McKesson is terminating 1,600 staffs from its US division in an effort to trim expenses after some important customers left the company.
Uniform Law For Driverless Cars: Manufacturers Urge Promulgation, Lawmakers Opts For More Scrutiny
Executives of all pioneer manufacturers have called for promulgation of uniform federal law ahead of a hearing of the Senate Commerce Committee on Tuesday. Several states in the US have enacted own law prohibiting the driverless cars which has been cited as the reason for their advocacy. However, lawmakers and analysts prefer more scrutiny before initiating a uniform law.
Shareholders of Citigroup and JPMorgan Will Vote on Potential Breakup
Shareholders of two U.S. prominent banks will vote later this year regarding the breakup plans for the banks. However shareholders are predicted to decline the plan submitted by liberal lobby activist.
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3D Systems Stock Records Highest One Day Gain In Five Years Indicating Surge In 3D Printing Industry
3D Systems has disclosed its earning scenario which has off beat analysts’ predictions through several parameters. Following disclosure of the earnings report, prices of the printer manufacturer’s share have been witnessed to gain 26.3%, which is the highest single day gain during the last five years.
The strengthening of Yen is eroding the value of Japan's exports to the US. Its overall exports volume was flat, while the value declined over four percent owing to rising Yen.
Former Morgan Stanley banker Paul J. Taubman has received $75.5 million compensation in his first year as Chief Executive Officer at PJT Partners Inc. Taubman led the investment bank as a publicly traded company.
Oracle's third quarter profit declined as strong growth in cloud business was offset by the robust US dollar. Revenues from cloud business increased 40% to $735 million during the third quarter.
Pittsburgh’s culinary sector is growing fast as the city host more and more projects in the past few years. Cheap rent is believed to have drawn a lot of people, especially youth, to pursue their project in the city.
Chipotle said that it expects to report a loss of $1 per share in the first quarter. The company expects to incur additional costs with respect to marketing and food safety measures.
Aurora Flight Sciences has been awarded a $89 million worth contract with a defense agency DARPA. The company is developing new design and technology that could enable its X-plane to do a vertical take-off, as well as hover and fly forward efficiently, potentially revolutionizing the military and commercial aviation sector.
Altice reported a rise in 2015 adjusted profit as sales improved in its France business division. The company expects to report another profitable year in 2016 by focusing more on its core businesses.
The on-demand shippping company startup Shyp was selected as eBay partner. Shyp will handle packing and shipping for eBay sellers.
