Business

Business

Tesla crash could hurt sentiment on driverless cars

Self Driving Car Death

DETROIT (AP) — It was the crash the auto industry knew was coming but still feared. The death of a driver who was using Tesla Motors’ semi-autonomous mode could add to the public’s apprehension of driverless cars even before they reach the road in big numbers. Most major automakers and technology...


Business

Tesla driver's death using car's 'Autopilot' probed by NHTSA

Self Driving Car Death

WASHINGTON (AP) — A driver so enamored of his Tesla Model S sedan that he nicknamed the car “Tessy” and praised the safety benefits of its sophisticated “Autopilot” system has become the first U.S. fatality in a wreck involving a car in self-driving mode. The National Highway Traffic Safety...


Business

The Latest: Tesla crash a harbinger of industry fears

Self Driving Car Death

WASHINGTON (AP) — The Latest on the first reported death of a motorist using self-driving technology. (All times local): 4:00 a.m. The fatal crash of a high-tech car set on “Autopilot” is a crash that auto industry knew was coming but still feared. Now the fatal crash of a Tesla Motors car could...


World

British PM hopeful Gove says no EU exit talks this year

Britain EU Candidate Thumbnails

LONDON (AP) — Justice Secretary Michael Gove argued Friday that he should be Britain’s next leader because he is passionately committed to leaving the European Union — but said he would not trigger EU exit talks this year if he becomes prime minister. His comments are likely to upset and annoy EU...


Business

To improve diversity, don't make people go to diversity training

(c) 2016, The Washington Post. Companies have tried everything to boost the stubbornly anemic numbers of women and minorities in management roles or in certain industries, such as tech or finance. They’re making candidates’ resumes blind to race and gender. Setting up partnerships with historically...


Business

Chipotle executive put on leave after report of drug charges

(c) 2016, Bloomberg News. Chipotle Mexican Grill Inc.‘s Mark Crumpacker, one of the beleaguered company’s top four executives, was placed on administrative leave following reports that he was linked to a cocaine bust in New York. Crumpacker, who was named marketing head in 2009 and more recently...


Business

Austria to repeat presidential vote that nationalist lost

(c) 2016, Bloomberg. Austria’s Constitutional Court ordered a repeat of the country’s divisive presidential election after allowing a challenge by the nationalist Freedom Party, whose candidate narrowly lost a May 22 runoff. The anti-immigration Freedom Party had filed the complaint alleging vote-...


Business

A $12 billion fund beats all peers picking stocks once a year

(c) 2016, Bloomberg. Timothy Pettee is beating all of his stock picking rivals without spending a lot of time picking stocks. Pettee, who runs the $11.5 billion SunAmerica Focused Dividend Strategy Portfolio, selects 30 stocks only once a year using a quantitative model that does the heavy lifting....


Business

Treasury's Weiss makes mark championing Puerto Rico solution

(c) 2016, Bloomberg. Antonio Weiss has survived protesters at his New York apartment, an advertising campaign targeting him and an anti-Wall Street tirade by a top Democrat to become a key architect of the Obama administration’s strategy to rescue Puerto Rico from its deepening fiscal crisis. After...


Business

Buffett-backed abortion researchers messed with Texas - and won

(c) 2016, Bloomberg. Behind the U.S. Supreme Court’s historic abortion ruling this week was a small band of academic researchers whose trove of data and analysis was instrumental in dismantling some of the country’s toughest restrictions on the procedure in Texas and beyond. The Texas Policy...


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