Wynn

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Crash Avoidance Sensors Sales Expected to Climb to $9.90 Billion by 2020

Crash avoidance systems have become more mainstream now that more automakers have been offering them in their cars, and as you can imagine, business is booming for suppliers. <i>Automotive News</i> reports global sales of such technology have totaled $3.4 billion this year, but that’s just the beginning, …

US consumer borrowing up $19.6 billion in May; gains slow after sudden April acceleration

Consumers increased their borrowing at a slower pace in May compared to the prior month.<p>Overall credit rose by $19.6 billion in May, down from a gain of $26.1 billion in April, the Federal Reserve said Tuesday. The relatively modest increase should help to feed slow but steady economic growth, …

Cash Flow Definition from Financial Times Lexicon

Sometimes called flow of funds. Cash flow is the amount of cash generated by a company and is taken to be an indication of its ability to pay a …

Southwest gets hefty fines for advertising $59 fares that didn't exist

The fares advertised by Southwest Airlines sounded too good to be true: $59 for flights from Atlanta to Los Angeles, Chicago or New York.<p>But when would-be fliers tried to book the fares, they found no seats available on those routes.<p>The U.S. Department of Transportation announced $200,000 in fines …

Big Lots, Ann, Express are stocks to watch

SAN FRANCISCO (MarketWatch) — Among the companies whose shares are expected to see active trade in Friday’s session are Big Lots Inc., Ann Inc., and …

The Guy Who Invented The Segway Made A Mind-Controlled Prosthetic Arm That Really Works

The prosthetic arm, which was created by Segway inventor Dean Kamen, could be controlled through its user's thoughts and is capable of performing complex functions.<p>The mind-controlled prosthetic, called the DEKA Arm, can detect up to 10 movements and is the same size and weight as a natural human …

Spotify just dropped two hints that it’s about to go public

The music-streaming service Spotify is doing what looks like some pre-IPO spring cleaning.<p>Spotify announced today that it has bought the company behind the algorithms it uses to power its personalized radio service. It is also reportedly talking to banks about establishing a credit facility, a …

Coupons.com Surging More Than 90% In Stock Market Debut

Investors hoping to grab a discount on shares of Coupons.com may have missed their chance: shares of the coupon site have popped more than 90% and still rising on the company’s very first day on the market. Those who snapped up shares during Coupons.com’s pre-IPO roadshow, on the other hand, are …

Elon Musk's Risky $5 Billion Plan To Control Tesla's Fate

Whether it’s shooting rockets into space, or building a $70,000 electric luxury car, Elon Musk has never shied away from a challenge. But now, he’s taking on a manufacturing project that might give pause to companies with much more experience.<p>On Wednesday, Tesla said it planned to spend $2 billion …

European car sales rise 5.5% in January, ACEA says

<b>EU car sales rose last month, lifted by demand in former crisis nations such as Greece and Ireland.</b><p>The Association of European Carmakers (ACEA) said sales jumped 5.5%, to 935,640 vehicles, from January 2013.<p>It was the fifth consecutive month of growth, which have been supported by big discounting …

Europe

Economic Sentiment Slides In Germany

The numbers show sentiment deteriorating:<p>Economic Expectations for Germany have declined in February 2014. The ZEW Indicator of Economic Sentiment has decreased by 6.0 points and now stands at a level of 55.7 points (historical average: 24.5 points). The cautious expectations in this month's survey …

Capital Markets

Toyota, Hyundai and Volkswagen lose ground in California sales

Korean automakers, Toyota and Volkswagen all had a rough time with the California auto market last year.<p>Hyundai experienced the biggest market-share slide of any auto brand, according to the California New Car Dealers Assn. The South Korean automaker’s share of the Golden State’s car market slipped …

General Motors

More Ferraris sold in the UK than anywhere else in Europe

More Ferraris are being sold in the UK than anywhere else in Europe, the luxury car manufacturer has confirmed.<p>Despite rising prices in 2013 as Ferrari cut production, record numbers of the tailor-made vehicles, costing a minimum of £151,000 – almost six times the national average salary – were …

UK manufacturing continues to grow strongly in January

<b>Growth in UK manufacturing remained strong last month, an influential survey has suggested.</b><p>The Markit/CIPS Purchasing Managers' Index (PMI) for the manufacturing sector recorded a level of 56.7 in January.<p>Although this was down from December's 57.2, it still marks well above average growth in the …

Economy

Nutella should be worried about Hershey’s new hazelnut spread

Chocolate spreads are on their way to becoming a pantry staple for Americans, and The Hershey Company isn’t about to miss out. The US-based chocolate maker recently started its own line of Nutella-like chocolate spreads, called Hershey’s Spreads. The spreads come in three flavors: chocolate, …

J.C. Penney skids as relief turns to disappointment

SAN FRANCISCO (MarketWatch) — Shares of J.C. Penney Co. slid, reversing earlier gains, as initial positive reaction to Tuesday’s quarterly sales …

Investing

Michael Kors Is Fashion's Newest Billionaire

Fashion icon Michael Kors has flirted with billionaire status for over two years, ever since his eponymous company went public in December 2011. But now he has finally arrived. On Tuesday, Michael Kors Holdings shares soared nearly 20% in early trading after spectacular earnings — and the stock …

The American cable industry’s cunning plan to save itself: Make TV work like it should

People don’t tend to say nice things about their cable box. But listen to this: “I have an X1, the Comcast box, at home. It’s got apps and I listen to Pandora on it…. [It’s] a great product.”<p>That rare bit of praise for America’s biggest cable company comes from Netflix CEO Reed Hastings, speaking …

The Two Biggest Casino Billionaire CEOs Are Betting Against Internet Gambling

Sheldon Adelson is no longer alone among big shot U.S. casino company CEOs in betting against online gambling. Steve Wynn has flip-flopped his position on Internet gambling—again—although he is not exactly joining Adelson in his war against online gambling.<p>Wynn’s new position was reported by Jon …

Coca-Cola Makes Its First Move Against SodaStream

This article is from the archive of our partner .<p>On Wednesday, Coca-Cola announced that it will buy a ten percent stake in Green Mountain Coffee …