“Imports have been flooding into the aluminum industry and the defense angle is that high-purity aluminum is used in the F-35” as well as other military aircraft and vehicles. In the event of a war, domestic manufacturers might be unable to meet the Pentagon’s needs, Secretary Wilbur Ross said....More
First-quarter adjusted earnings fell by 42%, dragged down by wagers on battery-powered and autonomous autos. CEO Mark Fields acknowledged to analysts that Ford needs to do a better job explaining the opportunity for revenue and profit growth ahead....More
The 2017 Verizon Data Breach Investigations Report is the 10th annual edition of the deep dive into how and why we are hacked, and it is packed with more hard numbers than at any point in the previous decade.
Trump set off a trade fight with Canada this week by imposing tariffs of as much as 24% on Canadian softwood lumber as disputes loom over the North American Free Trade Agreement and dairy products....More
Boeing Co.’s sales slumped as jet deliveries fell to the lowest in three years with revenues dropping 7.3%. The company needs to make its factories more efficient as it girds for a slowing aerospace market....More
This year, the number of Superchargers available for public use will double—from 5,000 to 10,000, Tesla will also increase the number of so-called Destination Chargers located at hotels and restaurants from 9,000 to 15,000....More
The justices, without comment, left intact a federal appeals court ruling that said the accord, which turned “Old GM” into “New GM,” didn’t block lawsuits over accidents that happened before the sale or claims that the flaw caused vehicles to lose value....More
With the new offer, Akzo CEO Ton Buechner faces growing pressure to negotiate with PPG after rejecting March 22 the previous sweetened proposal as too low and not in the interests of shareholders, customers or employees....More