Category: US / Canada

Airbnb plans to go public in 2020
20. 9. 2019 No Responses

Airbnb plans to go public in 2020

Airbnb has put to rest speculation about the timing of its IPO. The vacation rental company today took the rare step of announcing in a press release that it plans to go public next year, in 2020. The startup, which...
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WeWork Valuation Crashes From $47 Billion To As Low As $10 Billion
13. 9. 2019 No Responses

WeWork Valuation Crashes From $47 Billion To As Low As $10 Billion

The We Company’s underwriters must be having serious trouble securing orders for WeWork’s planned IPO, because in what is at least the fourth reported downgrade to the company’s valuation in less than 10 days, Reuters reports that the compa...
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Heavy-Duty Truck Orders Collapsed 80% Y/Y
7. 9. 2019 No Responses

Heavy-Duty Truck Orders Collapsed 80% Y/Y

Production slashed, cancellation orders soar.  New reports from the trucking industry show the transportation recession continues to gain momentum through the end of summer, likely to continue through 2019 into 1H20. The US trucking industry had a blockbuster...
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August Car Sales: Hyundai, KIA, VW, Volvo, Porsche Up, While Infiniti and Mazda Falling Fast
6. 9. 2019 No Responses

August Car Sales: Hyundai, KIA, VW, Volvo, Porsche Up, While Infiniti and Mazda Falling Fast

August was a strong month in a not-so stellar year for overall car sales, and it saw the continued growth of everyone’s favorite trend: crossover and truck numbers dominating sedans and coupes. Toyota/Lexus (248,334 sales | ⇣ 0.7 percent YTD) The...
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America’s Wealth Hinges on Its Ability to Borrow Big – or Else
2. 9. 2019 No Responses

America’s Wealth Hinges on Its Ability to Borrow Big – or Else

The U.S. economy is consistently ranked among the world’s strongest. But cut off its addiction to debt and exhaust its gold and currency reserves, and a very different picture would emerge. The nation’s health as measured by gross domestic product...
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Oldest Porsche fails to sell after auction’s bizarre $70 million mistake
19. 8. 2019 No Responses

Oldest Porsche fails to sell after auction’s bizarre $70 million mistake

The sleek Type 64 was built by Ferdinand Porsche and his son, Ferry, between 1939 and 1940, years before their namesake company was registered in 1946. It was intended for a race that was planned between Berlin and Rome, but...
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Boeing Delays Ultra Long Range 777X
17. 8. 2019 No Responses

Boeing Delays Ultra Long Range 777X

This has the potential to be yet another big blow to Boeing. Boeing has revealed that they’re delaying the introduction into service of an ultra long range version of the 777X. It goes without saying that Boeing is dealing with quite a...
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Bernie Madoff whistleblower says GE is a bigger fraud than Enron and WorldCom combined
15. 8. 2019 No Responses

Bernie Madoff whistleblower says GE is a bigger fraud than Enron and WorldCom combined

Harry Markopolos is famous for blowing the whistle on infamous Khazarian scammer Bernie Madoff’s Ponzi scheme, which blew up in 2008. Now the accounting investigator has his sights set on a new target: General Electric. He accuses the troubled company...
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New FAA Chief: Boeing 737 MAX Not to Return to Skies Until Gov’t ‘Fully Sure’ Plane is Safe
13. 8. 2019 No Responses

New FAA Chief: Boeing 737 MAX Not to Return to Skies Until Gov’t ‘Fully Sure’ Plane is Safe

Federal Aviation Authority (FAA) administrator Stephen Dickson will be tasked with boosting the government body’s reputation after facing intense scrutiny from Congress, who are demanding stricter oversight into Boeing’s progress in fixing defects with...
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Loadsmart And Starsky Make First Autonomous Truck Delivery
12. 8. 2019 No Responses

Loadsmart And Starsky Make First Autonomous Truck Delivery

Loadsmart and Starsky Robotics Make First-Ever Digital Freight Delivery Via Autonomous Truck According to the two companies, the integration of Loadsmart’s AI-powered pricing and load matching technology with Starsky’s API meant no human interventi...
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Facebook plans to launch its “news section” in the fall
11. 8. 2019 No Responses

Facebook plans to launch its “news section” in the fall

The social media giant has offered mainstream outlets as much as $3 million per year for the privilege of using their headlines, article excerpts and stories, according to people familiar with the deal who spoke to the Wall Street Journal...
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Novartis CEO Narasimhan Defends Company’s Decision to Withhold False Data From the FDA
8. 8. 2019 No Responses

Novartis CEO Narasimhan Defends Company’s Decision to Withhold False Data From the FDA

Responding to the agency’s stern rebuke, Vas Narasimhan, the company’s executive, tried to reassure investors that Novartis did not intentionally deceive the FDA while seeking approval for its $2.1 million gene therapy. The chief executive of Novartis on W...
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Verizon Q2 profit beats estimates, CEO thinks half of the US will have access to 5G next year
1. 8. 2019 No Responses

Verizon Q2 profit beats estimates, CEO thinks half of the US will have access to 5G next year

Verizon Communications (VZ) posted better-than-expected second-quarter results on Thursday, with profit boosted by strong wireless subscriber growth as the company ramps up its implementation of next generation, high-speed connectivity. Here are the numbers: E...
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GE Posts Quarterly Loss
31. 7. 2019 No Responses

GE Posts Quarterly Loss

General Electric Co. reported a second-quarter loss and flat sales, but said it was making progress in restructuring its long-struggling and hopeless Power division and raised its full-year financial projections. GE also said its CFO Jamie Miller, will be leav...
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Mylan to merge with Pfizer’s Upjohn
29. 7. 2019 No Responses

Mylan to merge with Pfizer’s Upjohn

Pfizer will combine its off-patent drug business with Mylan. Pfizer shareholders would own 57% of the new company and Mylan’s shareholders would get 43%. The combined company, which will sell Mylan’s EpiPen and Pfizer’s Viagra, will be domiciled in the.....
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