11 Feb US State Jobless Claims Ease While Federal Programs Swell Applications for U.S. state unemployment insurance fell slightly last week while claims for federal benefits swelled, illustrating the persistent challenges in the system of delivering financial aid to the nation’s jobless. Read more...
11 Feb Biden Team Pledges Aggressive Steps to Address Chip Shortage The Biden administration is working to address the global semiconductor shortage that has caused auto manufacturers and other U.S. industries to halt production, a White House official said. Read more...
11 Feb Mullen Group Posts Increased Earnings in Q4; Revenue Continues to Slide Mullen Group reported a gain in profit for the fourth quarter although revenue continues to fall because of the COVID-19 pandemic. Read more...
11 Feb Biden Says China Will ‘Eat Our Lunch’ Without Infrastructure Plan President Joe Biden urged Congress to move quickly on a large infrastructure improvement plan in a meeting Feb. 11 with four senators, declaring that China is poised to “eat our lunch” otherwise. Read more...
11 Feb VW, Microsoft Extend Collaboration to Self-Driving Car Software Volkswagen AG and Microsoft Corp. are expanding their cooperation involving the U.S. software giant’s cloud technology to include speeding up development of automated driving. Read more...
11 Feb Uber Narrows Loss in Fourth Quarter Uber Technologies continued to post large losses in the fourth quarter, but said its freight business is growing quickly yet remains unprofitable. Read more...
11 Feb Amazon-Backed Rivian Reportedly Eyes EV Plant in Europe Rivian Automotive Inc., the electric-vehicle maker backed by Amazon .com Inc., is scouting locations in Europe to build a new factory, according to people familiar with the matter. Read more...
11 Feb XPO Reports Highest Quarterly Revenue Ever at $4.67 Billion XPO Logistics Inc. posted better-than-expected earnings and its highest-ever quarterly revenue for the fourth quarter of 2020. Read more...
10 Feb Connecticut Gov. Ned Lamont Proposes Mileage-Based Fee on Trucks In his recent budget address, Connecticut Gov. Ned Lamont proposed a mileage-based fee on tractor-trailers estimated to raise $90 million annually. Read more...
10 Feb Toyota to Add Electric, Plug-in Hybrid Vehicles DETROIT — Toyota says it will roll out two new battery-electric vehicles and one plug-in gas-electric hybrid in the U.S. this year as the parade of new EVs continues. Read more...