SEATTLE (AP) — Boeing bid farewell to an icon on Tuesday as it delivered its latest 747 jumbo jet. Since its first flight in 1969, the giant but graceful 747 has served as a cargo plane, a commercial aircraft capable of carrying nearly 500 passengers, a transport for NASA space shuttles and an Air Force … Read more
Production is now set to begin at the former Detroit-Hamtramck Assembly Plant, less than two years after GM announced the massive $2.2 billion investment to completely renovate the facility to build a variety of all-electric trucks and SUVs. Photo by Jeffrey Sauger for General Motors DETROIT – When General Motors launched the GMC Hummer EV … Read more
HOUSTON, Jan 31 (Reuters) – Exxon Mobil Corp (XOM.N) posted net profit of $56 billion for 2022, the company said on Tuesday, grossing around $6.3 million per hour last year and setting not only a corporate record, but also a historic record for the Western oil industry. The oil majors are expected to break their … Read more
(CNN) — More than half a century after the original jumbo jet ushered in a glamorous new era of jet aircraft, helping to bring affordable air travel to millions of passengers, the very last Boeing 747 was due for delivery on Tuesday, marking the start of the final chapter for the beloved aircraft. In a … Read more
US President Joe Biden with General Motors CEO Mary Barra looks at a Chevrolet Silverado EV as he visits the 2022 North American International Auto Show at the Huntington Place Convention Center in Detroit, Michigan, on September 14, 2022. – Biden visits the auto show to highlight electric vehicle manufacturing. Mandel Ngan | AFP | … Read more
WASHINGTON, Jan 31 (Reuters) – Tesla Inc (TSLA.O) disclosed on Tuesday that the U.S. Justice Department had sought documents related to its self-driving (FSD) and Autopilot assistance systems as the regulatory scrutiny intensifies. The automaker said in a filing that it “has received requests from the DOJ for documents related to Tesla’s Autopilot and FSD … Read more
Nearly 1,000 flights within, to and from the United States were canceled on Tuesday as an ice storm swept through parts of the South. The storm was concentrated in the Dallas-Fort Worth metro area, leaving the region hardest hit by travel issues, with 288 flights canceled at Dallas-Fort Worth International Airport, according to flight tracking … Read more
New York CNN — General Motors reported much stronger-than-expected fourth-quarter earnings, lifting annual results to record highs for the second year in a row. The largest U.S. automaker also announced on Tuesday that it is buying a $650 million stake in Lithium Americas, which will give it access to the raw material needed to build … Read more
Payroll costs rose at a slower than expected pace in the fourth quarter, indicating that inflationary pressures on business owners are at least stabilizing. The employment cost index, a barometer the Federal Reserve closely monitors for signs of inflation, rose 1% between October and December, the Labor Department reported Tuesday. That was slightly below the … Read more
Nathan Stirk | Getty Images News | Getty Images Find out which companies are making headlines before the bell. McDonald’s — Shares fell more than 1% after McDonald’s released its latest quarterly results. The fast-food giant beat revenue and earnings estimates, saying customers are increasingly visiting its restaurants. Still, McDonald’s CEO Chris Kempczinski said he … Read more
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