Friday, March 29, 2024
Rolls-Royce plans to bring an electric vehicle to market within the decade, Automotive News Europe reports.  There isn't much demand for an EV from the company's customers, but the brand is developing one because many cities plan to ban gas-powered cars in the not-too-distant future.  Bentley, one of Rolls-Royce's competitors, has advertised more ambitious plans…
President Donald Trump announced Brett ­Kavanaugh as his Supreme Court nominee Monday night, in a primetime televised event. Judge Kavanaugh, a U.S. Circuit Court judge for Washington, D.C., would fill the vacant seat left by retiring Justice Anthony Kennedy, who announced his departure in late June. Calling Trump’s Supreme Court nomination an “honor and privilege,”…
Tesla will start using cobalt-free batteries in certain Model 3s made in China, two unnamed sources told Reuters.  Cobalt is very expensive to mine and its production is linked to human-rights violations. In China, Tesla wants to use cobalt-free batteries in all standard-range Model 3s, the sources said. Visit Business Insider's homepage for more stories.…
Reuters / Brendan McDermidAll major US equity indices plunged Thursday, with the S&P 500 and Dow Jones industrial average entering correction territory. That means they've both fallen more than 10% from recent highs. A Stoxx Europe 600 also entered correction territory.  The sell-off comes amid worsening news surrounding the ongoing coronavirus outbreak. Visit Business Insider's…
Two of WeWork's biggest rivals are cashing in on the collapse of its IPO, its rescue by SoftBank, and its ongoing overhaul. "Thank you, WeWork," IWG CEO Mark Dixon told Fast Company, adding that the coworking startup's public meltdown has shone a spotlight on shared workspaces. "Landlords are considering going in our direction that maybe…
Monica Schipper/Getty Images WeWork's new interim marketing chief didn't initially want the job and only plans to stay for a matter of months, according to the Financial Times. "To be extremely honest with you I rejected the idea at first," Maurice Lévy, the 77-year-old chairman and former CEO of advertising titan Publicis, told the newspaper.…
ReutersWeWork is still waiting for a big chunk of the $9.5 billion bailout it agreed with SoftBank, according to The Real Deal. SoftBank has postponed a $3 billion tender offer scheduled to begin more than a week ago, the real-estate news outlet reported, citing unnamed sources. The holdup is causing "lots of anxiety," a WeWork…
Hanging over the current disagreement is the debate over the Iraq war and, specifically, Secretary of State Colin L. Powell’s address to the United Nations in 2003. Mr. Powell’s presentation included fuzzy images and partial communications intercepts, and detailed what came to be understood as wildly wrong assessments about the Iraqi government’s illicit weapons. In…
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