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Articles in the Business News & Advice Category

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[20 Mar 2017 | No Comment | ]

Carmakers and suppliers have given widely differing timelines for the introduction of self-driving vehicles showing the uncertainties surrounding the technology as well as a split between cautious established players and bullish new entrants.
Chipmaker Nvidia, facing direct competition with the world’s top chipmaker after Intel’s $15 billion deal to buy autonomous driving technology firm Mobileye this week, gave the most optimistic predictions.
Chief Executive Jen-Hsun Huang forecast carmakers may speed up their plans in the light of technological advances and that fully self-driving cars could be on the road by 2025.
“Because of …

Business News & Advice »

[6 Mar 2017 | No Comment | ]

Spotify has extended its lead as the world’s largest streaming company as it announced that it had 50 million paying subscribers.
The Swedish company posted the figure on Twitter. Apple Music, its closest competitor, said in December that it had 20 million subscribers.
The update was the first from privately held Spotify since September. Spotify said in June that it had a total of 100 million users, including on its free, advertising-backed tier which is the bane of some record executives.
Spotify has maintained its edge despite concerted efforts from competitors. Apple, which …

Business News & Advice »

[4 Mar 2017 | No Comment | ]

Supermarket layouts are carefully calibrated to tempt people into impulsive purchases, and now food makers are trying to adapt their strategies as people do more of their shopping online.
Part of the worry for companies is that shoppers won’t get to see their products as they would at a store, where people often decide they want an item only after walking past it on shelves or in displays . When shoppers order from a website, the thinking is that they aren’t as susceptible to tossing extra goodies into their carts.
“They don’t …

Business News & Advice »

[14 Feb 2017 | No Comment | ]

Many people have heard of Twitter. Not enough of them are signing up to use it.
Twitter’s role as a megaphone for the U.S. president, countless celebrities and businesses hasn’t attracted regular people to the service, not in the way Facebook has, or even Instagram and Snapchat.
The San Francisco company’s latest earnings report and dismal forecast suggest that this is unlikely to change any time soon. CEO Jack Dorsey acknowledged long ago that Twitter needs to do more to convince people why it’s useful.
“The whole world is watching Twitter. While we …

Business News & Advice »

[10 Feb 2017 | No Comment | ]

New documents confirm that President Donald Trump retains a direct tie to his business interests through a revocable trust now being overseen by one of his adult sons and a longtime executive of the Trump Organization.
Trump is the sole beneficiary of the Donald J. Trump Revocable Trust, which is tied to his Social Security number as the taxpayer identification number, according to documents published online by the investigative nonprofit ProPublica. And Trump can revoke the trust, which was amended three days before his inauguration, at any time.
The details about the …

Business News & Advice »

[2 Feb 2017 | No Comment | ]

Even before George Jetson entranced kids with his cartoon flying car, people dreamed of soaring above traffic congestion. Inventors and entrepreneurs have long tried and failed to make the dream a reality, but that may be changing.
Nearly a dozen companies around the globe, including some with deep pockets such as European aircraft maker Airbus, are competing to be the first to develop a new kind of aircraft that will enable commuters to glide above crowded roadways. A few of the aircraft under development are cars with wings that unfold for …

Business News & Advice »

[30 Jan 2017 | No Comment | ]

The global memory chip industry is heading into what’s been dubbed an ultra-super-cycle, as the challenge of making chips smaller yet more efficient has created supply bottlenecks, while there is soaring demand for data storage – from smartphones and artificial intelligence to autonomous driving and the Internet of Things.
Chipmakers and analysts predict the price rally – the average price of benchmark memory chips rose 26-31 percent last year – will continue this year as supplies remain tight.
“We expect an ultra-super-cycle instead of just a super-cycle in the 2017 DRAM industry,” …

Business News & Advice »

[17 Jan 2017 | No Comment | ]

It’s ironic: Volkswagen spent 2016 battling a huge scandal over cars it rigged to cheat on emissions tests.
And now stands a decent chance to pass Toyota for the title of world’s biggest carmaker for the year.
Booming business in China helped Volkswagen increase its sales to 10.31 million vehicles last year across all its brands, which include Audi, Porsche and Skoda, the company said Tuesday.
That was an increase of 3.8 percent over 2015, when Volkswagen came in second to Toyota. And a strong finish to the year in December — 11.8 …

Business News & Advice »

[12 Jan 2017 | No Comment | ]

Toyota will invest $10 billion in the United States over the next five years, the company said Monday at the annual Detroit auto show.
The announcement comes just days after U.S. President-elect Donald Trump criticized the Japanese manufacturer for a previously-announced relocation of Toyota Corolla production to Mexico.
Toyota will devote a majority of the new investment to improving manufacturing plants, spokeswoman Amanda Sawyer Roark said in an email to AFP.
“This investment also includes our new headquarters in Plano and research into autonomous vehicles and robotics,” she said.
The company declined to …

Business News & Advice »

[31 Dec 2016 | No Comment | ]

The Chinese government said Friday it will ease restrictions on foreign investment in sectors ranging from banking and internet services to rail equipment and motorcycles, in response to mounting complaints from foreign business groups and governments.
An official with China’s National Development and Reform Commission, the economic planning agency, said service sectors such as accounting and auditing, architectural design and ratings services will be open to foreign investment.
In manufacturing, barriers to foreign investment will be lowered in sectors such as rail transportation, motorcycles and ethanol fuels, according to an official transcript …