Business

Secretary of Defense James Mattis authorized to 'override' me on torture

US Defence Secretary James Mattis stressed America's "enduring commitment" to North Atlantic Treaty Organisation on Thursday, the Pentagon said. Former President Barack Obama outlawed enhanced interrogation techniques such as waterboarding via an executive order in 2009.

Business

Alphabet's sexiest projects still aren't making it money

Alphabet bested that with revenue of just over $26 billion, up 22 percent over the same period past year. Fourth quarter revenue rose 22% to $26.06 billion, easily topping Street forecast of $25.23 billion. A JMP securities analyst told the Journal that YouTube could be the "heir apparent" to Google's search business. In addition to the hard numbers, investors had their eyes on Alphabet's "Other Bets" - the separate companies focused on ambitious new projects from self-driving cars to ...

Business

UK: Tesco acquires wholesaler Booker for $4.6b

Shaking the United Kingdom retail industry, Tesco (OTCPK:TSCDY) has agreed to buy the country's largest food wholesaler Booker (OTCPK:BOKGY) for £3.7B. The market supplies pubs, restaurants and caterers and is growing at 3% a year. The deal is subject to approval by the Competition and Markets Authority.

Business

General Motors Company (NYSE:GM) announced next generation Software development kit

Ford's Q4 2016 net income totaled $783 million, down $2.65 billion from the previous year during the same quarter. Excluding charges related to the factory cancellation and a pension plan loss, Ford reported profit of 30 cents a share, matching analysts' estimates.

Business

Trump, Detroit Automaker CEOs Trade Wish Lists

Shares of Fiat Chrysler were up 6.1% at 10.91 in midday trading on the stock market today, almost erasing its 10% loss on January 12, when the EPA made its claims. Despite the lack of contact with Trump, foreign automakers seem to have responded to his call for more US -based jobs. Ford Motor Company has cancelled its investment of $1.6 billion in Mexico and instead will invest $700 million at its Flat rock assembly plant in MI which is likely to create over 700 jobs over next 4 years.

Business

Overseas demand results in record United Kingdom auto production

Britain built 1.7 million cars last year - a figure that was an 8.5% increase on 2015, as well as a 17-year high. Total committed investment announcements in the automotive sector in 2016 were approximately £1.66 billion across several companies.