07 Nov As L.A. Ports Automate, Some Workers Are Cheering On Robots The arrival of robots at the Port of Los Angeles is exposing a stark economic divide between two sets of Southern California workers. Read more...
07 Nov Toyota Q2 Profit Up 1% on Healthy Global Sales TOKYO — Toyota Motor Corp.’s net profit edged 1% higher in the July-September quarter as vehicle sales grew around the world, Japan’s top automaker reported Nov. 7. Read more...
07 Nov IG Audit Rates DOT Information Systems ‘Not Effective’ The U.S. Department of Transportation’s information systems and the sensitive data they contain are “not effective” in all critical “maturity levels,” according to a new audit issued by the DOT Office of the Inspector General. Read more...
07 Nov Pizza Delivery in Snow No Problem With Yandex Delivery Robot Yandex NV, Russia’s largest internet company, is rolling out a suitcase-sized robot that will attempt to deliver take-out despite Moscow’s winter snowstorms. Read more...
07 Nov US Consumer Comfort Falls to Seven-Month Low on Finance Views U.S. consumer comfort fell to the lowest level since March as ratings of the economy, personal finances and the buying climate all slumped, a potential sign of faltering in the strong support consumers are giving the expansion. Read more...
07 Nov US Jobless Claims Decrease More Than Estimated to 211,000 Filings for U.S. unemployment benefits declined more than expected to reach a four-week low, another sign that a resilient labor market continues to underpin the economy. Read more...
06 Nov VW Considers Sharing Autonomous-Car Tech to Defray Development Costs Volkswagen AG is open to sharing future autonomous-vehicle systems with other manufacturers as it races to catch up with the likes of Waymo LLC in cost-intensive technologies that could transform the way people and goods move, according to an executive at the German automaker. Read more...
06 Nov Utah Trucking Companies Allegedly Bribed FedEx Ground Executive Federal indictments unsealed last month in Utah allege that 10 individuals participated in a decadelong scheme to pay a senior FedEx Ground manager in the state $1 million in bribes to steer business to trucking companies complicit in the plan, netting the companies hundreds of millions of dollars in fraudulent and unauthorized contracts. Read more...
06 Nov Senators Pursue Highway Trust Fund Rescue WASHINGTON — A federal highway account at the center of the transportation funding debate on Capitol Hill would receive a lifeline under a new bipartisan proposal in the U.S. Senate. Read more...
06 Nov Brazil Oil Auction a ‘Total Disaster’ as Bidders Stay Away Brazil’s largest-ever auction of oil deposits flopped, sending the real tumbling, after state-controlled Petroleo Brasileiro SA did most of the bidding while other major oil companies stayed away. Read more...