Kenworth adds three new Dana Spicer axles
New swamp: Lobbyist tied to Perry seeks energy firm bailout
At a West Virginia rally on tax cuts, President Donald Trump veered off on a subject that likely puzzled most of his audience. One person who undoubtedly knew what Trump was talking about last month was Jeff Miller, an energy lobbyist with whom the president had dined the night before. Miller had been hired by FirstEnergy Solutions, a bankrupt power company that relies on coal and nuclear energy to produce electricity.
Apple said to have chosen OLED for new iPhones; Japan Display shares plunge
TOKYO/SEOUL (Reuters) - Apple Inc has decided to use OLED screens in all three new iPhone models planned for next year, according to South Korea's Electronic Times - a report that sent shares in Japan Display tumbling 10 percent. Japan Display, one of the main suppliers of iPhone liquid crystal display (LCD) screens, has lagged its South Korean rivals in OLED production. By contrast, shares in LG Display Co Ltd surged.
Alibaba’s $1.4 Billion Deal Looks Sweet After Unit’s 52% Melt Up
A little-known unit of Alibaba Group Holding Ltd. is making the most of a sudden melt up in its shares to raise a whopping $1.4 billion. Alibaba Health Information Technology Ltd. said Tuesday it will sell new shares to help fund the purchase of some health-related assets from its parent company, the Chinese retail giant Alibaba. While the issue price -- at HK$5.80 per share -- is technically a good deal compared to Monday's close at HK$6.77 in Hong Kong, it follows a mysterious 52 percent rally in the stock since May 16.
Canada Is Likely to Buy Full Trans Mountain Pipeline Project
Canada is likely to buy the Kinder Morgan Canada Ltd. Trans Mountain oil pipeline and its controversial expansion project in a bid to ensure it gets built, according to a person familiar with the talks. The deal, a value for which hasn't been publicly reported, will be announced as soon as Tuesday when Prime Minister Justin Trudeau's cabinet is due to meet. Canada first offered to indemnify the expansion project but is now likely to instead buy it in full.
IPhone Screen Makers Fall on Report of Apple OLED Shift in 2019
The shares of Japan Display Inc. and Sharp Corp. fell after South Korea's Electronic Times reported that Apple Inc. has decided to use next-generation screens for all of its new models next year. If true, Apple's move would be negative for JDI and Sharp, which have so far been unable to mass produce OLEDs and currently supply LCD screens. Samsung Display Co., part of Samsung Electronics Co., has so far been the sole provider of organic light-emitting diode displays for use in iPhones.
Daimler may be the next automaker embroiled in a diesel scandal
VW might not be the only German car maker that has to deal with a full-fledged