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United States

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Automotive News

Chinese automaker plans to enter U.S. market in 2019

DETROIT (UPI) -- Chinese automaker Guangzhou Automobile Group plans to enter the U.S. market in 2019, the company said at the Detroit Auto Show Monday. "We intend to gain a foothold in the U.S.," GAC Motors president Yu Jun said at a news conference. "If we can make it in the U.S., we can make it anywhere and enhance further possibilities of future growth." It's not yet clear how GAC plans to enter the U.S. market. But according to reports, the […]

todayJanuary 19, 2018 2

Business & Lifestyle

Dropbox confidentially files for IPO

SAN FRANCISCO (UPI) -- File-storage company Dropbox confidentially filed for a U.S. initial public offering Thursday, people familiar with the matter said. The company, valued at $10 billion, is expected to make the public offering led by Goldman Sachs Group Inc. and JPMorgan Chase & Co. in the first half of this year, Bloomberg reported. Non-public filings have occurred more often since July, when the U.S. Securities and Exchange Commission began allowing all companies to file early IPO documents confidentially. A total of 26 U.S. […]

todayJanuary 11, 2018 4

Commentary

KRISTIAN: No, Donald Trump is not a libertarian president by any measure

The American Conservative is a reliable source of thoughtful commentary, and an outlet to which I am happy to contribute on occasion. For these reasons I was prepared to give a fair reading to a Monday article, “Donald Trump: The Most Libertarian President Since Silent Cal,” by Ryan James Girdusky — as much as the headline inclined me otherwise. Unfortunately, no reading can make Girdusky’s case persuasive. President Trump is not libertarian by any measure, not even the extremely low bar of being the most […]

todayJanuary 9, 2018 3

Business & Lifestyle

HP recalls computer batteries due to fire and burn hazards

PALO ALTO, Calif. (UPI) -- Hewlett-Packard has recalled 50,000 lithium-ion batteries for notebook computers and mobile workstations, according to a news release. The batteries can overheat and pose fire and burn hazards, according to a statement released Thursday by the United States Consumer Product and Safety Commission. The computer company received eight reports of battery packs overheating, melting or charring, including three reports of property damage totaling $4,500. One incident included a first-degree burn to a person's hand. The batteries include the […]

todayJanuary 6, 2018 2

Business & Lifestyle

CVS Health, Aetna agree to $69 billion merger

WOONSOCKET, R.I. (UPI) -- CVS Health has announced it will buy insurer Aetna for about $69 billion, a deal which potentially could reshape America's healthcare industry. Both companies announced the acquisition Sunday, which had been the subject of negotiations for months. CVS will pay $207 per share for Aetna and its debt, and Aetna shareholders will receive $145 per share and about 0.84 of a CVS share for each Aetna share, the statement said. The combination of the two businesses would combine CVS, with […]

todayDecember 4, 2017 2

National

Record-breaking heat wave hits western U.S. for Thanksgiving

LOS ANGELES (UPI) -- Southern California and other western parts of the United States will experience a record-breaking heat wave for Thanksgiving. In the Los Angeles area, temperatures this week have been about 25 degrees higher than normal for this time of year, Joe Sirard, a meteorologist with the National Weather Service in Oxnard, Calif., told the Los Angeles Times. And that was apparent on Wednesday, as temperatures soared into the 90's, breaking several local records. At the Los Angeles airport, […]

todayNovember 23, 2017 1

Automotive News

GasBuddy analyst: gasoline prices unseasonably high, but relief is coming

BOSTON (UPI) -- Retail gasoline prices continue to put a strain on consumer pocket books late in the season, though relief is around the corner, a market report found. Motor club AAA reports a national average retail price for regular unleaded gasoline at $2.56 per gallon early Tuesday, up just a fraction of a percent from Monday but 40 cents per gallon higher than on this date last year. In its retail market report for the week, AAA said consumer demand […]

todayNovember 14, 2017 4

Business & Lifestyle

Reports: Broadcom making return to US, plans to buy Qualcomm in bid

WASHINGTON (UPI/Reuters) -- Broadcom Ltd. will bring $20 billion in revenue to the United States when it relocates its headquarters from Singapore, President Donald Trump said Thursday when he hosted the CEO of the semiconductor company at the White House. Trump hailed the announcement during remarks he made in the Oval Office on jobs and the Republican tax plan. "They employ over 7,500 American workers in many states across our country," the president said of Broadcom. "And we're looking forward to seeing that number […]

todayNovember 4, 2017 5

Business & Lifestyle

Facebook release: We’re now requiring disclosures for political ads

MENLO PARK, Calif. (UPI) -- Facebook on Friday said it is going to start requiring buyers of political advertisements to verify their identities and disclose who paid for the ads. The move brings Facebook political ads in line with federal requirements on political ads in print and broadcast. Under current U.S. law, digital platforms like Facebook, Google and Twitter aren't required to disclose who buys political ads the way more traditional media are required to like television and radio. Facebook, along with other […]

todayOctober 28, 2017

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