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Articles
Ferrari Shares Skid as Debt and Outlook Disappoint
The debt of 1.94 billion euros, the result of its spinoff from Fiat Chrysler and entry onto the Milan stock exchange, was considerably higher than the 1.7 billion expected.
Alphabet Passes Apple as Biggest Company -- Now What?
Google's Alphabet "is built on a services model, and the leverageable money is in services because it's less costly," said analyst Jack Gold.
Despite Snowstorm, January Looks Good for US Auto Sales
"Many brands had their best January sales ever, suggesting the new-car party will continue into the new year," said Karl Brauer, an analyst for Kelley Blue Book.
Takata Told to Improve Quality Culture 1
The panel's other criticisms: Takata can move product designs to production even with outstanding questions unresolved and it has no clear "ownership" of a product.
BP Posts Largest Loss in 20 Years, Cuts 3000 Jobs
BP Posts Largest Loss in 20 Years, Cuts 3,000 Jobs
BP suffered a loss after taxation of $6.48 billion last year, compared with a net profit of $3.78 billion in 2014
ExxonMobil Profits Drop 58% in 4Q
ExxonMobil Profits Drop 58% in 4Q
As with other petroleum companies, ExxonMobil saw a massive decline in income from exploration and production of crude oil, known as "upstream" in oil parlance.
The Indian Ocean, from Durban, South Africa.
Microsoft Testing Underwater Datacenters
Will cloud computing really be better down where it's wetter (you know, under the sea)? Microsoft intends to find out with a prototype vessel on the Pacific floor.
Spanish shoppers check out tablets on Black Friday, 2015.
Tablet Market Ends 2015 on Weak Note
Tablet sales plummeted almost 14% year over year in the fourth quarter, though detachables — tablets with removable keyboards — are selling at an all-time high.
Google Parent Alphabet Profit Rises to $4.9 Billion
Google Parent Alphabet Profit Rises to $4.9 Billion
revenue topped $21.3 billion in the final three months of last year.
Renault Opens First China Factory
Renault Opens First China Factory
The $1.2-billion facility in Wuhan, a carmaking hub in the central province of Hubei, is a joint venture with Chinese manufacturer Dongfeng and will have an initial production capacity of 150,000 vehicles a year.
US Manufacturing Contracts for 4th Month
The ISM purchasing managers index registers 48.2 for January, up from a downwardly-revised 48.0 for December, but still slumping.
Theranos founder and CEO Elizabeth Holmes at the Clinton Global Initiative.
Health Care Startup Theranos Hit With Dose of Doubt
Once lauded, blood work leader Theranos now finds itself in government crosshairs after its violation of a set of regulations and “deficient practices” at one of its labs posed “immediate jeopardy to patient health and safety.”
Workers assemble an engine at the Rolls-Royce aircraft factory in Berlin.
Rolls-Royce Wins $2.7 Billion Contract from Norwegian
The engines will be used in 19 new Boeing 787 Dreamliners, and the contract includes servicing for another 11 787s that aren't yet in the air.
Apple CEO Tim Cook.
Apple Quietly at Work on Virtual Reality
“I don’t think it’s a niche,” CEO Tim Cook said about virtual reality on the company’s most recent quarterly earnings call. “I think it is really cool and has some interesting applications.”
An image from the CNAIC Chengdu Auto Parts Company in Chengdu, China.
Chinese Manufacturing Index Falls to 3-Year Low
Manufacturing activity in the country dropped to its lowest point in 41 months, and the slowdown “points to weaker growth momentum,” according to one economist.
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