Business Buzz

By Michael Hartley CFP® | A collection of the latest articles to help you spot business news, trends, and tools. Curated by DKE Inc. www.dkeadvisorsolutions.com

Surprise--Apple's First Self-Driving Car Is on the Road in California

Apple uses a Lexus RX450h and off-the-shelf parts after abandoning plans to build a car from scratch.<p>It doesn't quite have the shock appeal of the Pope's unannounced TED Talk this week, but a few hours ago, a passerby in California saw a white Lexus fitted out with self-driving equipment emerge …

Transportation

Google and Facebook named as victims in $100 million scam

The tech companies that fell victim to a $100 million email scam reported in March are no inexperienced newbies fresh off their first funding round. According to <i>Fortune</i>, they're none other than Google and Facebook. When the incident was first exposed, feds revealed that they arrested a Lithuanian …

Identity Theft

Sean Hannity Defends Executive as Fox News Turmoil Continues

Swirling tensions at Fox News burst into public view on Thursday as one of its stars, Sean Hannity, spoke out in defense of an embattled executive at the center of an expanding culture clash inside the network.<p>In an extraordinary series of Twitter posts, Mr. Hannity seemed to yoke himself to the …

Donald Trump

Kimberly-Clark Corp Confirms 2017 Profit Forecast

<b>Kimberly-Clark</b>(NYSE: KMB)reported first-quarter results on April 24. The maker of items including Huggies diapers and Kleenex tissues saw its earnings inch up even as sales growth remained sluggish.<p>Kimberly-Clark results: The raw numbers<p>Data source: Kimberly-Clark Q1 2017 earnings release.<p>Motley …

Investing

Sears Holdings Just Offered More Proof That It's Doomed

Sales and profitability are still headed downhill at Sears Holdings, and the company is running out of assets to sell as it tries to stave off …

Investing

Homebuilders slide after Trump administration announces a 20% tariff on Canadian lumber (PHM, DHI, KBH, TOL, LEN)

Homebuilding stocks are sliding on Tuesday morning, with the S&P 500 Homebuilding Index down 1.4%, after US Commerce Secretary Wilbur Ross said his agency will impose a 20% tariff on Canadian softwood lumber imports.<p>"It's about 31.5 percent of the total U.S. market, so it's a pretty big deal in …

Trump Administration
Fraud

Mark Cuban Just Called This Company 'the World's Greatest Startup'

This company is "undervalued" and highly innovative. And, no--it's not Apple or Google.<p>Mark Cuban knows how to spot a good thing from a distance.<p>The Shark Tank star and entrepreneur is a pretty good judge of prowess.<p>He has famously said he missed the boat (or, car) on the ride-sharing service Uber, …

Business Strategy

DryShips Is Collapsing

DryShips is under pressure from every angle.<p>The company is challenged by dilution and massive short interest from its recent R/S.<p>Shipping rates are …

Stocks

Verizon profit, revenue miss Wall Street view as subscribers dash

(Reuters) - Verizon Communications Inc (N:VZ) on Thursday reported its first-ever quarterly loss of subscribers, even as it offered an unlimited data …

Wall Street
Venezuela

GE Keeps Its Checkbook Handy After All-in Bet on 3-D Printing - Bloomberg

General Electric Co. shook up the 3-D printer market last year by laying down more than $1 billion on two acquisitions. Turns out that may be just …

Manufacturing

Tesla is confident it will get Model 3 production lines in time despite strike threats

As we reported on Sunday, Tesla’s negotiations with the union at its newly acquired ‘Tesla Advanced Automation Germany’ escalated to threats of a strike.<p>This week, CEO Elon Musk got personally involved to try to defuse the situation as the group is just weeks away from shipping its Model 3 …

Tesla

Audi To Produce And Sell 5 Plug-In Electric Vehicles In China By 2022

2012 Image Of Audi A6 e-tron<p><b>Audi</b> together with its joint venture partner <b>FAW</b> intends to introduce <b>in China five</b> <b>plug-in cars</b> <b>by 2021</b>. Give then recent</i> …

Electric Vehicles

Should businesses be revving up for an EV revolution?

<b>In a follow-up to his recent piece on EVs, Peter Rolton, chairman of engineering consultancy Rolton Group,</b> <b>explores the benefits to businesses joining</b> …

Electric Vehicles

Volvo will launch its first all-electric car in 2019 to take on Tesla — here's everything we know

Volvo is looking to China for the future of its electric cars.<p>The carmaker said Wednesday that it plans to produce its first fully electric car in China and will export it around the world.<p>The Swedish automaker, which is owned by the Chinese company Geely, is making a big bet on electric …

Volvo

Tesla has settled a lawsuit against its former Autopilot director

Tesla is no longer suing its former Autopilot director Sterling Anderson over claims he poached employees for a new self-driving-car venture.<p>Tesla filed a lawsuit in January claiming Anderson teamed up with Chris Urmson, the former boss of Google's self-driving-car project, to launch a competing …

Tesla

Abbott Shares Rise 2.5% After First-quarter Earnings, Profit Beats

Abbott Laboratories shares rose 2.5% in premarket trade Wednesday after the company reported first-quarter earnings and profit beats. Earnings for the latest quarter rose to $419 million, or 24 cents per share, from $316 million, or 21 cents per share, in the year-earlier period. Adjusted …

Markets

Two oil giants could face trial in Italy over Nigerian deal

This Thursday a Milan court is to decide whether to go ahead with criminal proceedings against the oil giant Shell and its Italian partner ENI in connection with the purchase of the rights to a Nigerian oil field.<p>"Etete can smell the money. If, at 70 years old, he does turn his nose up at 1.2 …

Oil

BMW is adding 100 EV charging stations to US national parks

Today BMW turned on a EV charger at Thomas Edison National Historical Park, the former home of the inventor. It's the first of 100 stations that the German automaker plans on installing in US national parks over the next few years.<p>The partnership between National Park Foundation, National Park …

Electric Vehicles

China EV start-up Nio to sell mass-production car next year

SHANGHAI (Reuters) - Chinese electric vehicle start-up Nio will start selling its first mass-production vehicle next year, the firm said in a statement on Wednesday, as it unveiled its ES8 SUV car at the Shanghai auto show.<p>Nio, formerly known as NextEV, is among the first of a raft of Chinese …

Electric Vehicles

Goldman Sachs Earnings: A Disappointing Quarter, but There Was Some Good News

<b>Goldman Sachs</b> (NYSE: GS) has a strong history of beating analysts' expectations. In fact, since it went public nearly 20 years ago, the investment bank has beaten expectations 90% of the time, and it hasn't reported an earnings miss since late 2015. So when Goldman Sachs reported first-quarter …

Investing

Daimler says yet to choose semiconductor partner for autonomous cars

SHANGHAI – German automaker Daimler AG<p>has yet to select a semiconductor provider for its autonomous cars' development partnership with supplier Robert Bosch [ROBG.UL], Mercedes-Benz research and development chief Ola Kaellenius said on Wednesday.<p>Earlier this month, Daimler and Bosch announced a …

Driverless Cars

Newspaper decline continues to weigh on AP earnings

NEW YORK (AP) — Earnings at The Associated Press shrank substantially last year compared with 2015, when the news organization enjoyed a large tax benefit that skewed its results. Revenue also edged downward, reflecting continued contraction in the newspaper industry and a stronger U.S. dollar that …

Finance

How Akzo Nobel Plans to Thwart Its Unwanted Takeover Bid From U.S. Rival PPG

Akzo Nobel, the Dutch paint maker trying to fend off a 24.6 billion euro ($26 billion) takeover by U.S. rival PPG Industries, on Wednesday fleshed …

Markets

Ticketing Startup SeatGeek Acquires Software Company TopTix for $56 Million

SeatGeek, a marketplace for third-party sports, concert, and theater tickets, is hoping its latest acquistion cements its place as a leader in the …

Startups

Delivering pet happiness by conveniently shipping 500+ brands of pet food and stuff (for free!) while ensuring at-risk animals' lives are improved across the planet. 1-800-672-4399

Theranos to Pay Arizona Customers $4.7MM in Settlement

Embattled blood-testing company Theranos Inc will pay $4.65 million to customers in Arizona who used its services between 2013 and 2016, the state's attorney general said on Tuesday.<p>Arizona Attorney General Mark Brnovich had alleged that Theranos' advertisements misrepresented the method, accuracy …

Markets

Bank of America beats, has record quarter in investment banking

Bank of America delivered earnings of $0.41 a share on revenue of $22.2 billion in the first three months of 2017.<p>That was ahead of analyst expectations. Bank of America had been expected to report earnings of $0.35 a share on revenue of $21.65 billion, according to Bloomberg.<p>The …

Capital Markets