Autonomous-Driving Startup Takes Aim at Heavy Trucks
An engineer who helped spearhead the self-driving Google car project has quietly launched a Silicon Valley startup that plans to retrofit tractor trailers with autonomous-driving technology.
A surge in industrial production in April showed the U.S. economy started the second quarter on solid footing, but the bounce mostly reflected weather-related factors rather than higher spending by consumers and businesses.
Home building in the U.S. rebounded in April, a sign the housing recovery could be finding traction after a slow first quarter.
Monsanto raised the stakes in its dispute with Argentina over royalties for genetically modified seeds, canceling plans to sell one soybean type and warning it may withdraw others.
A consortium of liquidators that includes Tiger Capital Group, Hilco Global and Gordon Brothers prevailed in an auction for Sports Authority Holdings assets, according to people familiar with the matter.
Amazon.com expanded its restaurant delivery business to include more than 350 local restaurants in New York City, introducing the service to the nation’s largest city.
Scotch whisky exports continued to fall last year, but at a slower pace than before as the industry shows signs of recovery. The 2,4% decline was a marked improvement from the 7% fall endured in 2014 as Scotch lost market share to bourbon.
Starbucks Corp. said it plans to raise $500 million to pay for so-called sustainable projects, including support programs for farmers in coffee-growing regions.
A prominent anti-counterfeiting group has revoked Alibaba Group Holding Ltd.’s membership amid concern from global brands about the Chinese e-commerce giant’s commitment to fighting fake goods.
Wal-Mart is testing a two-day shipping subscription service and building a regional delivery network as the world’s biggest retailer tries to rival Amazon.
MGF Sourcing will deliver already-ordered inventory, get rapid payment under pact that will dissolve a 10-year supplier agreement.
Labor activists seeking to unionize truck drivers are targeting XPO Logistics, which acquired large fleets in the U.S. and Europe last year.
Department stores are in a funk and executives at some of the country’s biggest chains are struggling to explain why. But analysts point to Amazon.com.