The advanced battery cell design and new manufacturing processes outlined by Tesla Inc CEO Elon Musk are promising, battery experts say, but they questioned how quickly they can be implemented and how much they’ll contribute to reducing overall costs.
Arthur Ochs Sulzberger Jr. will retire as chairman and a member of the New York Times Co's board by the end of December, the newspaper publisher said on Wednesday.
Tesla Inc's plan to produce lithium for electric vehicle batteries close to its Nevada Gigafactory faces stark challenges from the outset, including an onerous permitting process, uncertain access to water and questions about unproven methodologies.
JPMorgan Chase & Co is set to pay US$1 billion to resolve market manipulation investigations by US authorities into its trading of metals futures and Treasury securities, Bloomberg News reported on Wednesday (Sep 23), citing people familiar with the matter.
Airline Avianca Holdings came under broad criticism in Colombia for paying its top two executives US$6 million in bonuses in May, at a time when the carrier had furloughed most of its employees without pay and was preparing a bankruptcy filing.
United Airlines has agreed to delay the effective date of pilot furloughs until Oct 30 while union members vote on a broader deal that would protect some 2,850 jobs for months longer.
TikTok asked a US judge on Wednesday to block a Trump administration order that would require Apple Inc and Alphabet Inc's Google to remove the short video-sharing app for new downloads starting Sunday.
Hoping to convince investors they will keep monetary policy super easy for years, two Federal Reserve officials on Wednesday explicitly pledged no rate hikes until inflation gets to 2per cent and stays there.
Gilead Sciences Inc has agreed to pay US$97 million to resolve U.S. government claims it used a purportedly independent charity to pay illegal kickbacks to cover Medicare patients' out-of-pocket costs for its pulmonary arterial hypertension drug Letairis.
Airline Avianca Holdings came under broad criticism in Colombia for paying its top two executives US$6 million in bonuses in May, at a time when the carrier had furloughed most of its employees without pay and was preparing a bankruptcy filing.
