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Ford joins micro-mobility revolution by purchasing e-scooter start-up spin

Ford, the old automaker from Detroit, announced that it has purchased Spin, a San Francisco-based electric scooter-sharing company. (Spin) ([PhotocourtesyofSpin)) Some of the biggest names in Silicon Valley have jumped into the online scooter industry, as it has rapidly grown from experimental West Coast launch to a multibillion dollar industry competing in cities around the world . Now one of …

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Fed leaves prices unchanged, notes decrease in business investments

There was no mention of volatility that has seized the financial markets since mid-October, when Fed Chairman Jerome Powell made Wall Street hawkish for the pace of future interest rate hikes. "Interest is still available, but we gradually go to a place where they will be neutral," Powell said during an interview with PBS. "We can go beyond neutral, but …

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Robyn Denholm Succeeds Elon Musk as Head of Tesla Board

Under regulatory pressure, Tesla has named a new chairman of the board as it tries to remove concerns about the stability of Elon Musk, the colorful but incalculable co-founder. The electric car company said Wednesday night that Robyn Denholm, a member of the board since 2014 and a long-term technology and telecommunications director, will immediately become his board member. Mr. …

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Subaru remembers almost 400K vehicles to fix problems with stalling

DETROIT – Subaru remembers nearly 400,000 vehicles in the United States to fix two issues that can make them stop. The first recall covers 229,000 Outback and Legacy vehicles from the 2018 model year. Government documents say that a software issue can stop the low fuel warning light from lighting and make the mild to empty screen inaccurate. The problem …

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An insider and counterweight against Musk

Tesla newly appointed chairman Robyn Denholm will bring business expertise to the board of directors and be a decisive counterweight to CEO Elon Musk, although she is not the most exciting pick, analysts and experts told CNBC Thursday. 19659002] div> div.group> p: first child "/> Denholm is the CFO of the Australian telecommunications company Telstra, where she previously served as …

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Rehabilitation gives student lenders a second chance-at a price

In 2014, Scott Nailor, an English language teacher from Scarborough, Maine, spent more than 270 days without paying on his student loan, and then ended up in default. Nailor could not keep up with his loan payments while balancing other types of debt and providing for his family, in addition to breaching him and his wife in bankruptcy.

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Bombardier to cut 5000 jobs in conversion

Montreal-based Bombardier also announced sales of "non-core values" of a total of $ 900 million Canadian airline and transport company Bombardier will cut 5000 jobs globally and sell its aging turboproline in an attempt to "streamline" operations, announced the weary company Thursday. The reduction of seven percent of its workforce across the organization will take place over the next 12 …

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Oil falls as rising production causes concerns for overuse

Oil terminals cut lower Thursday, as the latest data show significant increases in crude production from the major producers who have met the prerequisites. Raw products in Saudi Arabia, Russia and the United States had climbed in front of US sanctions in the Iranian energy sector, which were expected to contribute to tighter global oil supplies. The sanctions began earlier …

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