U.S. Pushes Voluntary Guidelines for AV Industry
Safety advocates say the guidelines for autonomous vehicles "fall well-short of the safeguards that are necessary to protect the public."
Walgreens Shares Dive on Q1 Earnings Miss
“We anticipate that profitability and sales growth may be hard to come by for the foreseeable future,” an analyst says of the drugstore chain.
Impossible Foods Pulls Plug on McDonald’s Deal
The plant-based meat maker cites production constraints, possibly opening the door for rival Beyond Meat to supply the Golden Arches.
Goldman Reorganizes to Highlight Retail Shift
The changes to Goldman's business segments showcase "how digitally focused and consumer focused the Wall Street titan has become."
Pier 1 to Close 450 Stores as Q3 Loss Widens
The closures "will enable us to move forward with an appropriately sized store footprint and operating structure as an omnichannel retailer."
Bed Bath & Beyond Completes Sale-Leaseback
The $250 million real estate deal with a private equity firm "marks the first step toward unlocking valuable capital in our business."
NY Regulator Seeks Banks’ Libor Transition Plans
Inadequate preparation for the transition "could have an adverse impact on the safety and soundness of regulated institutions."
Manufacturing Slump Reaches 5th Straight Month
A gauge of manufacturing activity hit its lowest level in 10 years but the easing of U.S.-China trade tensions may benefit some industries.
U.S. New Vehicle Sales Hit Record $462B in 2019
“Despite a lot of noise and some uncertainty with light-vehicle sales, 2019 has turned out to be a strong year."
Ant Financial Makes Move on Singapore Market
The Chinese electronic payments company has applied for a digital banking license in Singapore as it continues its shift toward overseas markets.
Tesla Delivers First ‘Made in China’ Vehicles
With the deliveries from the Shanghai plant, "China-made Model 3 vehicles will start running on China’s large streets and small lanes."