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Tesla opens Gigafactory to expand battery production

July 27, 2016 SPARKS, Nev. — It’s Tesla Motors’ biggest bet yet: a massive, $5 billion factory in the Nevada desert that could nearly double the world’s production of lithium-ion batterie. more »»

 
 
 
Twitter struggling to grow as rivals race ahead

July 27, 2016 SAN FRANCISCO — Twitter is in danger of becoming the next internet company forced into a desperation sale if it cannot find a way to start luring people and advertisers back to its... more »»

McDonald's sales disappoint in US

July 27, 2016 NEW YORK — McDonald's is again looking for ways to win back customers, less than a year after launching a widely touted all-day breakfast menu that makes Egg McMuffins available around the cloc. more »»

$15B VW emissions deal clears 1st hurdle

July 27, 2016 SAN FRANCISCO — A nearly $15 billion settlement over Volkswagen's emissions cheating scandal cleared a key hurdle Tuesday, with a federal judge giving preliminary approval to the deal. more »»

Farewell to VCRs: Japanese to shelve once-hit product

July 26, 2016 TOKYO — Japanese electronics maker Funai Electric Co. says it’s yanking the plug on the world’s last video cassette recorder. more »»

Airbnb sues hometown San Francisco over rental regulation

July 25, 2016 SAN FRANCISCO — San Francisco wants people who rent out their homes through Airbnb and other online platforms to follow some rules, and it wants the platforms to advertise only those rule-abiding... more »»

Verizon said to be buyer of Yahoo for $5 billion: Reports

July 25, 2016 NEW YORK — Verizon has agreed to buy online portal Yahoo Inc. for roughly $5 billion, according to multiple media reports, each citing a single unnamed source. more »»

VW has emissions-cheating fix ready

July 23, 2016 DETROIT — Volkswagen’s plan to fix most of its 2-liter diesel engines that cheat on emissions tests includes a computer software update and a larger catalytic converter to trap harmful nitrogen... more »»

Workers: Force majeure at ExxonMobil Nigeria may last weeks

July 23, 2016 WARRI, Nigeria — The force majeure — or freedom from contractual obligations because of extraordinary circumstances — declared by ExxonMobil on Nigeria’s largest crude stream could last a month... more »»

IMF chief Lagarde to stand trial in France

July 23, 2016 PARIS — France's top court has ruled that International Monetary Fund chief Christine Lagarde must stand trial in France over a 2008 arbitration ruling that handed 400 million euros to a... more »»

Fiat Chrysler recalls about 410K vehicles

July 23, 2016 DETROIT — Fiat Chrysler is recalling nearly 410,000 vehicles worldwide because a wiring problem can cause them to move slowly. more »»

Dept. of Justice sues to block health insurance mergers

July 22, 2016 WASHINGTON, D.C. — The U.S. government is suing to stop two major health insurance mergers, a move regulators say is needed to protect Americans from potential cost hikes and lower quality care. more »»

Chipotle pulls out the stops to win back customers

July 22, 2016 NEW YORK — Chipotle saw a smaller drop in sales as it tries to win back customers, but the company says it doesn’t know how long it will take to fully recover after an E. more »»

Starbucks cuts sales forecast, growth slows

July 22, 2016 NEW YORK — Starbucks trimmed its sales forecast Thursday after revenue came in lighter than expected in the most recent quarter. more »»

Visa earnings fall due to costs of Visa Europe

July 22, 2016 NEW YORK — Credit and debit card processor Visa Inc. more »»

Dow Chemical and DuPont say shareholders approved merger

July 21, 2016 NEW YORK — Shareholders for agriculture and chemicals companies DuPont and Dow Chemical have approved their merger. After it’s complete, the century-old companies plan to break up into three parts. more »»

AP's executive editor Kathleen Carroll stepping down

July 21, 2016 NEW YORK — Kathleen Carroll, the executive editor of The Associated Press who championed ambitious, investigative journalism and pushed the cooperative forward in a rapidly changing digital world,... more »»

American Express 2Q earnings jump

July 21, 2016 NEW YORK — American Express said Wednesday that its second-quarter profit jumped 37 percent, helped by the sale of its Costco credit card portfolio and increased spending on its namesake cards. more »»

Microsoft betting its future on the cloud

July 20, 2016 SAN FRANCISCO — In a world where there's a smartphone app for everything, one company __ Amazon.com Inc. — has long been the host for an outsized share of online software and computing services. more »»

US home construction posted solid gain in June

July 20, 2016 WASHINGTON — Construction of new homes posted a solid increase in June, led by a surge of building in the Northeast and the West. The Commerce Department said Tuesday that housing starts rose 4. more »»

 
 

Wednesday Morning Coffee Group July 27, 2016

will meet on the Fifth Floor Masonic Temple... more »

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