Business News

Tesla Reaches Deal for Shanghai Facility, WSJ Reports – Bloomberg

Tesla Inc. has reached an agreement with the Shanghai government to set up its own manufacturing facility in the city, the Wall Street Journal reported Sunday, citing people briefed on the plan. The Palo Alto, California-based carmaker is working with the local government on the timing and details of an announcement, the people told the newspaper. The deal, which without ...

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Lawrence Summers: One last time on who benefits from corporate tax cuts – Washington Post

Kevin Hassett, President Trump’s chief economist, estimated Monday that the administration’s plan to cut corporate tax rates will cause average household incomes to jump $4,000 a year. (Evan Vucci/Associated Press) I recently asserted that Kevin Hassett deserved a failing grade for his “analysis” projecting that the Trump administration proposal to reduce the corporate tax rate from 35 to 20 percent ...

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Airbus turmoil overshadows bid to rescue CSeries – Reuters

PARIS (Reuters) – Airbus’s (AIR.PA) coup in buying a $6 billion Canadian jetliner project for a dollar stunned investors and took the spotlight off a growing ethics row last week, but internal disarray has raised questions over how smoothly it can implement the deal. FILE PHOTO: An Airbus A320neo aircraft and a Bombardier CSeries aircraft are pictured during a news ...

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Questions and answers on proposed ban on laptops in luggage – Washington Post

WASHINGTON — First the U.S. government temporarily banned laptops in the cabins of some airplanes. Now it is looking to ban them from checked luggage on international flights, citing the risk of potentially catastrophic fires. The Federal Aviation Administration recently recommended that the U.N. agency that sets global aviation standards prohibit passengers from putting laptops and other large personal electronic ...

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Elon Musk's Boring Company is digging a 10-mile tunnel in Maryland – Ars Technica

Enlarge/ A hyperloop test track built outside SpaceX headquarters. Megan Geuss On Thursday, Maryland officials gave Elon Musk’s Boring Company permission to dig a 10.1-mile tunnel “beneath the state-owned portion of the Baltimore-Washington Parkway, between the Baltimore city line and Maryland 175 in Hanover,” according to the Baltimore Sun. According to Maryland Transportation Secretary Pete Rahn, The Boring Company (which ...

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