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☆ Future Motion recalls Onewheel Electric Skateboards after four deaths reported
▼ + stars: | 2023-10-01 | by ( Lauren Mascarenhas | ) edition.cnn.com time to read: +2 min

CNN —All models of Onewheel electric skateboards are being recalled after the maker Future Motion received reports of four deaths of users between 2019 and 2021 and multiple reports of serious injuries. Santa Cruz-based Future Motion initially refused to agree to a recall in November, when the Consumer Product Safety Commission first warned customers to stop using the skateboards. The firmware update will roll out in a few weeks, and is only available for Onewheel GT, Pint X, Pint, and XR products, not original Onewheel and Onewheel+ skateboards, the company said. Future Motion and the US Consumer Product Safety Commission encouraged riders to wear personal safety equipment. CNN has reached out to Future Motion for comment.

Persons: Motion, “ Organizations: CNN, US Consumer Product Safety, Consumer Product Safety, Onewheel Locations: Santa Cruz

☆ Some 300,000 Onewheel electric skateboards recalled after 4 deaths and dozens of reported injuries
▼ + stars: | 2023-10-01 | by ( Kenneth Niemeyer | ) www.businessinsider.com time to read: +2 min

About 300,000 Onewheel electric skateboards have been recalled. Future Motion received four reports of deaths involving the Onewheel from 2019 to 2021. AdvertisementAdvertisementAbout 300,000 Onewheel electric skateboards have been recalled after dozens of reports of injuries. AdvertisementAdvertisementThe recall includes all of the Onewheel (original), Onewheel+, Onewheel+ XR, Onewheel Pint, Onewheel Pint X, and Onewheel GT models. People still using the Onewheel GT, Onewheel Pint X, Onewheel Pint, or Onewheel+ XR electric skateboards should download or update their Onewheel app to make sure it has the "haptic buzz" alert function, the CPSC said.

Persons: Motion, —, Onewheel Organizations: Service, US Consumer, Product Safety Commission

☆ Stocks making the biggest moves premarket: Fisker, Tesla, United Natural Foods and more
▼ + stars: | 2023-09-26 | by ( Samantha Subin | ) www.cnbc.com time to read: +2 min

Fisker — Shares of the vehicle development company surged 4.1% premarket after Bank of America reinstated coverage with a buy rating. Thor Industries — Shares of the recreational vehicle company slipped 3% premarket after it warned that it expects net sales to decline in the coming year. For the quarter just ended, Thor posted $1.68 in earnings per share on $2.74 billion of revenue. Analysts surveyed by LSEG were looking for 96 cents in earnings per share on $2.42 billion of revenue. United Natural Foods forecast earnings per share and adjusted EBITDA in the coming year below analysts' estimates, citing profitability headwinds, and fiscal fourth quarter revenue that missed analysts' $7.47 billion estimate, according to StreetAccount.

Persons: BofA, Fisker, Tesla, Morgan Stanley, DraftKings, Thor, —, Jesse Pound, Pia Singh Organizations: Bank of America, European Union, Barclays — Barclays, JPMorgan, Thor Industries, United Locations: Huntington Beach , California, China

☆ Indonesia's EV ambitions could help boost investments in the rest of Southeast Asia
▼ + stars: | 2023-09-25 | by ( Quek Jie Ann | ) www.cnbc.com time to read: +1 min

Korean automobile manufacturer Kia displays the electric vehicle "EV6 GT-Line" during the 30th Gaikindo Indonesia International Auto Show in Tangerang on August 10, 2023. Indonesia's EV-friendly policies have lured global investors to the country, but experts say they could also boost investments in Southeast Asia's automotive industry more broadly. Indonesia could be the "gateway" to the rest of the Association of Southeast Asian Nations, said Anindya Novyan Bakrie, CEO and president director of Bakrie & Brothers, an Indonesian conglomerate whose electric vehicle unit VKTR manufactures electric buses as well as EV parts. The Southeast Asian country is rich in copper, nickel, cobalt and bauxite — materials essential for the manufacturing of electric vehicle batteries. Indonesia is the largest nickel exporter, accounting for 22% of the world's reserves, according to a report by the ASEAN Briefing.

Persons: Anindya Novyan Bakrie, Tesla Organizations: Kia, Indonesia's, Association of Southeast Asian Nations, Bakrie, Brothers, ASEAN, BMI Fitch Solutions, CNBC Locations: Indonesia, Tangerang, Indonesian

☆ Goodyear Tire to cut 700 jobs, sell retail stores in Asia Pacific
▼ + stars: | 2023-09-22 | by ( ) www.reuters.com time to read: +1 min

The Goodyear logo is seen at a tire workshop in Caracas, Venezuela December 10, 2018. REUTERS/Manaure Quintero/File Photo Acquire Licensing RightsSept 22 (Reuters) - Goodyear Tire & Rubber (GT.O) said on Friday it plans to cut 700 jobs and sell about 100 retail stores and fleet locations, under a rationalization plan for its Asia Pacific segment. Goodyear would also exit nine warehouse locations, a regulatory filing showed. The pre-tax charges are estimated between $55 million and $65 million. Goodyear, in August, swung to a loss of 73 cents per share for the second quarter, from a profit of 58 cents per share a year earlier.

Persons: Manaure Quintero, Kannaki, Shweta Agarwal Organizations: Goodyear, REUTERS, Goodyear Tire &, Thomson Locations: Caracas, Venezuela, Asia, Australia, New Zealand, Europe, East, Africa, Ohio, Bengaluru

☆ Goodyear Tire to cut around 1,200 jobs in restructuring drive
▼ + stars: | 2023-09-08 | by ( ) www.reuters.com time to read: +1 min

A U.S. flag flies at a Goodyear Tire facility in Somerville, Massachusetts, U.S., July 25, 2017. The decision comes after activist investor Elliott Investment Management in May criticized Goodyear for mismanagement and lagging behind rivals Michelin and Bridgestone (5108.T). Elliott, which holds a 10% stake in the tire company, had also pushed Goodyear for an operational review and sale of its stores. The Ohio-based firm forecast total pre-tax charges of between $210 million and $230 million by 2025 due to the restructuring. Last month, Goodyear swung to a loss of 73 cents per share for the second quarter, from a profit of 58 cents per share a year earlier.

Persons: Brian Snyder, Goodyear, Elliott, Pratyush Thakur, Devika Organizations: U.S, Goodyear Tire, REUTERS, Goodyear Tire &, Elliott Investment Management, Michelin, Bridgestone, Goodyear, Thomson Locations: Somerville , Massachusetts, U.S, Europe, East, Africa, The Ohio, Bengaluru

☆ From BMW to Porsche: Take a look at the cars on display at one of the world's biggest auto shows
▼ + stars: | 2023-09-08 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +6 min

BMW Vision Neue KlasseBMW revealed the BMW Vision Neue Klasse, a concept electric vehicle that will underpin its foray into battery-powered cars. Mercedes-Benz Vision One ElevenThe Mercedes-Benz Vision One Eleven on display at the IAA Mobility show in Munich, Germany. GTI ConceptThe all-electric Volkswagen ID GTI Concept car on display at the IAA Mobility 2023 show in Munich, Germany. Porsche Mission XThe Porsche Mission X on display at the IAA Mobility 2023 show in Munich, Germany. Lego Lamborghini Sián FKP 37A Lego version of the Lamborghini Sián FKP 37 on display at IAA Mobility 2023 in Munich, Germany.

Persons: Olaf Scholz, Ola Källenius, Mercedes, Sven Hoppe, Arjun Kharpal, Leapmotor, Zhu Jiangming, BYD, Warren Buffett, Kharpal, Lucid, Cyberster Organizations: Management, Mercedes, Benz AG, Getty, Mobility, BMW, Neue, CNBC, Benz, IAA, Leapmotor, Opel, CNBC Stellantis, Air, Volkswagen, IAA Mobility, Porsche, Carrera GT, Shanghai Auto, Lamborghini Locations: Munich, GERMANY, Germany, Xpeng, BYD, Hangzhou, Europe

☆ Lotus launches electric GT model as mass expansion plan rolls on
▼ + stars: | 2023-09-07 | by ( Nick Carey | ) www.reuters.com time to read: +2 min

[1/4] British sports car maker Lotus unveils its new fully-electric “hypercar” in New York City, U.S., September 7, 2023. Johnstone said with Emeya, Lotus is targeting people "looking for something different in an electrified GT-style sports car." Since its founding in 1948, Lotus typically made 5,000 cars a year, but funded by Geely and Etika, the company has planned a massive expansion. Lotus Technology, which includes Lotus Cars, is also due to go public this year via a merger with special purpose acquisition company L Catterton Asia Acquisition Corp (LCAA.O). Geely also plans to turn the London Electric Vehicle Company, which makes iconic black taxis, into a high-volume, all-electric brand.

Persons: Caitlin Ochs, Mike Johnstone, Johnstone, Emeya, Geely, Nick Carey, Susan Fenton Organizations: Lotus, REUTERS, HK, Automotive, Reuters, Geely, Lotus Technology, Asia, Corp, Volvo, London Electric Vehicle Company, Thomson Locations: British, New York City, U.S, New York, Wuhan, China, Tesla

☆ Opinion: The surprise winner of the debate
▼ + stars: | 2023-08-24 | by ( Opinion Cnn Contributors | ) edition.cnn.com time to read: +30 min

CNN —CNN Opinion asked our political contributors to weigh on the first Republican presidential debate of the 2024 season. On Wednesday night, on more than one issue, Haley broke with the old guard in some meaningful ways. Karen Finney: Ron DeSantis falls flatKaren Finney Ralph AlswangeAfter weeks of buildup and reports of serious debate preparation with a top Republican debate coach, this was supposed to be the night that Florida Gov. Instead, DeSantis delivered a flat debate performance devoid of any standout moments, demonstrating why he is the best alternative to former President Donald Trump. Asa Hutchinson in a few instances, not one of the GOP candidates sounded like a serious contender for the White House.

Persons: Nikki Haley, “, Donald Trump, Haley, won’t —, that’s, Trump, Joe Biden’s, Ron DeSantis, Vivek Ramaswamy, Haley’s, Karen Finney, Karen Finney Ralph Alswange, DeSantis, Donald Trump ., MAGA, George Soros, Florida’s, ” Karen Finney, Patrick T, Brown, Patrick, Mike Pence, Ramaswamy’s, Ramaswamy, Pence, “ It’s, ” Ramaswamy, Sophia A, Nelson, ‘ Rich, Richmond ’ Sophia A, Nelson Sophia A, Richmond ”, Oliver Anthony, Sen, Tim Scott of, Margaret Thatcher —, Michelle Obama, ” Scott Jennings, Scott Jennings, Nikki Haley overperforming, Doug Burgum, Asa Hutchison, Chris Christie, unapologetically, George W, Bush, Mitch McConnell, Jill Filipovic, Jill Filipovic Vivek Ramaswamy, G.T . Bynum, Bynum, Ronald Reagan —, —, shamefully, Putin, Nicole Hemmer, Robert Taft, Dwight Eisenhower, Ike, Ronald Reagan, Pat Buchanan, Carolyn T, Robert M, Who, Geoff Duncan, GOP Geoff Duncan CNN, Asa Hutchinson, ” Roxanne Jones, Roxanne Jones, Nikki Haley —, I’ve, Jones, ”, WURD, Kristen Soltis Anderson, Nikki Haley’s, ” Raul A, Reyes, Joe Biden, Biden, Raul A, Jon Gabriel, Jon Gabriel Immigration, I’m, ” DeSantis Organizations: CNN, South Carolina Gov, Republican Party of Trump, Florida Gov, Biden, Republican, Donald Trump . Time, New, New Jersey Gov, Democratic, Trump, GOP, Public Policy Center, Economic, North, Richmond, British, Republican Party, North Dakota Gov, Arkansas Gov, RunSwitch Public Relations, Twitter, Pew Research Center, Internal Revenue Service, Department of Education, Pew, Former South Carolina Gov, Rogers Center, Vanderbilt University, “ Partisans, Conservative, Wednesday, Department of Justice, UN, Former New Jersey Gov, America’s Conservative Party, White House . Florida Gov, ESPN The Magazine, ESPN, New York Daily News, Philadelphia Inquirer, Kristen Soltis Anderson CNN Former South Carolina Gov, America, Reyes CNN, Special Forces, Fox, CNN Town Hall, USA, Gallup, The Arizona Locations: China, Florida, Hawaii, New Jersey, America, Washington , DC, Ukraine, Tim Scott of South Carolina, Georgia, Louisville , Kentucky, millennials, New York, Israel, United States, Tulsa , Oklahoma, Mexico, El Paso, dearer, Arizona, The Arizona Republic

☆ Ford reveals 800 horsepower Mustang with $300,000 price tag
▼ + stars: | 2023-08-17 | by ( Peter Valdes-Dapena | ) edition.cnn.com time to read: +3 min

CNN —Ford has just unveiled the 800-horsepower Ford Mustang GTD which will be available in late 2024 or early 2025 at a starting price around $300,000. “Ford vs. Ferrari” recounted the 1960s Le Mans races won by the Ford GT40 race car which was developed specifically to spite the Italian automaker after Ford couldn’t buy the company. In the 2000s, Ford has produced two modern versions of the Ford GT that have both become highly collectible. The Ford Mustang GTD's body is made almost entirely from carbon fiber. Multimatic is a specialist automotive company that also works on the Mustang GT3 race car.

Persons: CNN — Ford, It’s, “, ”, Jim Baumbick, Ford, Ferrari ”, “ Ford, Le, Ford couldn’t, Baumbick, “ We’ve Organizations: CNN, Ford, Lamborghini, Le Mans, Ford GT, Le, Ford Motor Co Locations: Italian, , Michigan, Markham , Ontario, Canada

☆ Here are the 13 stocks Jim Cramer is watching, including Palo Alto, Eli Lilly, Boeing
▼ + stars: | 2023-08-14 | by ( Jim Cramer | ) www.cnbc.com time to read: +2 min

AMC (AMC): judge rules in favor of APEs. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Morgan Stanley, Eli Lilly, Bang, Goldman Sachs, David Solomon, Jim Cramer's, Jim Cramer, Jim Organizations: Alto Networks, UBS, Analysts, Mounjaro, Comcast, Union, AMAT, Nvidia Boston Properties, AMC, Boeing, Bank of America, Northrop, Parsons, Beverage, HSBC, New York Times, Jim Cramer's Charitable, CNBC Locations: Susquehanna

☆ Hyundai to expand the glove compartment in its EVs, redesigning them to resemble airline overhead bins
▼ + stars: | 2023-08-02 | by ( Peter Valdes-Dapena | ) edition.cnn.com time to read: +4 min

Now, Hyundai Motor Group is adding another amenity to that list: a bigger and better glove compartment. The newly designed glovebox is modeled on overhead bins in airliners, Hyundai Motor Group said Wednesday. The dashboard invention was the gold medal winner in an internal contest at Hyundai Mobis, the auto parts division of Hyundai Motor. For example, Toyota eschews a glove box entirely in its electric vehicles, the Toyota BZ4X and Lexus RZ 450e. Why it’s called a glove boxToday’s glove box is the direct descendant of storage bins in early automobiles that were usually in the floor or under the seat.

Persons: It’s, it’s, Dorothy Levitt —, —, Dorothy Levitt, De Dion, Horace W, Nicholls, Levitt, “, ” Organizations: CNN —, Hyundai Motor, Hyundai Motor Group, Hyundai, Kia, Hyundai Mobis, Hyundai Motor . Employees, Toyota, Lexus, McGill University Library, Nationwide Insurance

☆ On tap this week: Jobs report plus 10 key earnings. Here's what we want to see
▼ + stars: | 2023-07-29 | by ( Zev Fima | ) www.cnbc.com time to read: +18 min

All three major averages advanced for the week, powered by strong mega-cap earnings and favorable inflation data. Looking to next week, earnings season enters its second half with the last of our mega-caps — Apple (AAPL) and Amazon (AMZN) — set to report on Thursday. We'll get a better read on the employment picture on Wednesday with the ADP report and then, more importantly, on Friday's nonfarm payrolls report for July. Thursday after the close brings us to the main events of the week: Earnings from Apple and Amazon. For those looking to review first quarter performance ahead of these releases, be sure to keep our first-quarter earnings report card handy.

Persons: We'll, that's, Stanley Black, Decker, Emerson, Bausch, Leggett, Platt, SIRI, Ares, COLM, PERI, Kraft Heinz, Phillips, Ferrari N.V, Johnson, Robinson, COOK, BUD, Kellogg, Papa, Pitney Bowes, Parker, Trimble, Ziff Davis, Nonfarm, Jim Cramer's, Jim Cramer, Jim, Apple Tim Cook, Kevin Dietsch Organizations: Nasdaq, Dow, Federal Reserve, Federal, ISM Manufacturing, Services PMI, Investors, Caterpillar, Devices, Starbucks, Natural Resources, AMD, Management, Emerson Electric and, Humana, Bausch Health, Apple, Microsoft, Resource Partners, AerCap Holdings, CNA Financial Corp, CNA, Apellis Pharmaceuticals, Bank, SJW, Hutchison China MediTech, Camtek Ltd, Silvercrest Asset Management, Loews Corp, Oxford Lane Capital Corp, Banco Santander, Silicom Ltd, SuperCom Ltd, Arista Networks, Avis Budget Group, Diamondback Energy, Lattice Semiconductor Corp, Republic Services, Yum China Holdings, Western Digital Corp, Power Systems, Tenet Healthcare Corp, Vornado Realty, BioMarin Pharmaceutical, PetMed, SBA Communications Corporation, Brixmor, Snack Foods Corp, Cushman & Wakefield, Sanmina Corporation, TFI, PMI, Cruise Line Holdings Ltd, Uber Technologies, Pfizer, Enterprise Products Partners, Merck, JetBlue Airways Corporation, Allegro MicroSystems, Altria, SunPower Corp, SiriusXM Holdings, Molson Coors Beverage, Marriott International, Toyota Motor Corp, BP, SYSCO Corp, Marathon Petroleum Corp, Ares Management, Equitrans Midstream Corporation, Game Technology, Illinois Tool, IDEXX Laboratories, Rockwell Automation, Packaging International Corp, Gartner, Zebra Technologies Corp, IQVIA Holdings, Oshkosh Corporation, Leidos Holdings, Eaton Corp, yte Corp, Lear Corp, Starbucks Corp, Devon Energy Corp, SolarEdge Technologies, Lumen Technologies, Virgin Galactic Holdings, Caesars Entertainment, VF Corp, Sciences Corp, Paycom, Vertex Pharmaceuticals, Suncor Energy, Holdings, Chesapeake Energy Corp, Boston Properties, American International Group, AIG, Allstate Corp, Aspen Technology, Electronic Arts, EA, Flowserve Corporation, Denny's, Corp, Prudential Financial, Store, Ternium S.A, Vimeo, Emerson, Lomb, CVS Health, Generac Holdings, Cameco Corp, Perion Network Ltd, Builders, Carlyle Group, Scorpio, Teva Pharmaceutical Industries, Ltd, Rithm Capital Corp, AeroSystems Holdings, Vertiv Holdings Co, Johnson Controls, CDW Corp, DuPont, Brands Holdings, Scotts Miracle, Gro, SMG, Brands, Allegheny Technologies, AmerisourceBergen Corporation, ABC, Real Estate Corporation, Adient plc, Editas, Garmin Ltd, WWE, Bunge Ltd, Criteo S.A, PayPal, QUALCOMM, Occidental Petroleum Corp, Apache Corp, Albemarle Corp, MGM Resorts International, MGM, Marathon Oil Corp, Joby Aviation, Industrial, CF Industries Holdings, Goodyear Tire &, Realty ome Corp, Metlife, Pacific Biosciences of, Rush Street Interactive, Zillow, JFrog Ltd, Herbalife Nutrition Ltd, Simon Property Group, McKesson Corp, Storage, Cerus Corporation, GXO Logistics, MAX Holdings, Health, Anheuser, Busch InBev, Warner Bros ., Cheniere Energy, ConocoPhillips, Hasbro, CIGNA Corp, Lantheus Holdings, Regeneron Pharmaceuticals, Fiverr International, Air Products & Chemicals, TopBuild Corp, EPAM Systems, Lightspeed Commerce, Aurinia Pharmaceuticals, Cummins, CMI, Slair Corporation, Starwood Property Trust, Vulcan, Alnylam Pharmaceuticals, New Energy Corp, Cedar Fair Entertainment, Intellia Therapeutics, Lending, Privia Health, Dickinson, Chimera Investment, CIM, Hyatt Hotels Corp, Lion Electric, LEV, Deluxe Corp, Murphy Oil Corp, PBF Energy, Papa John's, Targa Resources Corp, Wix.com Ltd, Apollo Global Management, LLC, Butterfly, Sempra Energy, Aptiv PLC, Brookfield Infrastructure Partners, Canada Goose Holdings, Hannifin Corporation, WESCO International, WCC, Arrow Electronics, Constellation Energy Group, Midstream Partners, Coinbase, Petroleo Brasileiro SA Petrobras, Gilead Sciences, Opendoor Technologies, Booking Holdings, Atlassian Corporation, International, Redfin Corporation, Motorola Solutions, Monster Beverage Corporation, Consolidated Edison, Rocket Companies, Apple Hospitality, Cirrus, Resources, Universal Display Corporation, Chesapeake Utilities Corp, Social, Defense, Security Solutions, Post Holdings, Tandem Diabetes Care, Nikola Corporation, Magna International, Dominion Energy, ACM Research, Frontier Communications, Brookfield Renewable Partners, inTEST Corporation, American Pipeline, TELUS International, XPO Logistics, Fluor Corp, Gray Television, Cboe, LyondellBasell Industries, Twist Bioscience, Global, Jim Cramer's Charitable, CNBC, Allen & Company Sun Valley, Getty Locations: U.S, China, India, Oxford, Chile, Illinois, Columbia, Pacific, Pacific Biosciences of California, Southern, PBI, Gilead, Sun Valley , Idaho

☆ Electric cars aren’t just for the wealthy anymore
▼ + stars: | 2023-07-27 | by ( Peter Valdes-Dapena | ) edition.cnn.com time to read: +7 min

CNN —Thanks to a combination of new models, more production and new tax laws, electric vehicles are no longer just for the wealthy. Currently the “days supply” of electric vehicles – a measure of the number units on dealer lots relative to how quickly they sell – is now twice that of new vehicles overall. The biggest bargain among electric vehicles currently, whether you lease or buy, happens to be one that’s going away soon. A Chevrolet Bolt EV sits parked at a charging station at Stewart Chevrolet on April 25, 2023 in Colma, California. For almost $10,000 less, in terms of sticker price, Hyundai offers the soon-to-be redesigned Kona Electric.

Persons: Kia, Erik Pendzich, it’s, Mark Luxcombe, Wolters, “ There’s, ” Luxcombe, Brian Moody, Moody, ”, Stewart, Justin Sullivan, Kia EV6, Josh Lefkowitz, Tony Quiroga, Bing Guan, Quiroga, Chevrolet Bolt Organizations: CNN, General Motors, Ford, Hyundai, Kia, Volkswagen, GT, New York, Wolters Kluwer, Cox Automotive, Chevrolet Bolt, Stewart Chevrolet, GM, Angeles, Kona, EV, Chevrolet Locations: America, Colma , California, Los Angeles , California

☆ Goodyear Tire to expand board in settlement with Elliott
▼ + stars: | 2023-07-25 | by ( ) www.reuters.com time to read: +2 min

The firm urged the company to refresh the board, sell its stores and conduct an operational review. On Tuesday, Goodyear said it would establish a strategic and operational review committee. Elliott, which has a history of taking board seats at companies including Twitter and eBay, had previously criticized the tyre-manufacturer for mismanagement and lagging behind its rivals, Michelin and Bridgestone. "We have been encouraged by Goodyear's openness to taking actions necessary to realize its full potential," Elliott executives said in a statement on Tuesday. Evercore, Lazard and Goldman Sachs are financial advisers to Goodyear, while Paul Weiss the legal counsel.

Persons: Goodyear, Richard Kramer, Elliott, Lazard, Goldman Sachs, Paul Weiss, Nathan Gomes, Sriraj Organizations: Goodyear Tire &, Elliott Investment Management, Twitter, eBay, Michelin, Bridgestone, Evercore, Goodyear, Thomson Locations: Tyre, Akron , Ohio, Bengaluru

☆ US, Mexico agree on labor rights plan for Mexican Goodyear plant
▼ + stars: | 2023-07-19 | by ( ) www.reuters.com time to read: +1 min

MEXICO CITY, July 19 (Reuters) - The United States and Mexico reached an agreement to remedy violations of workers' rights at a Goodyear Tire & Rubber Co (GT.O) plant in the Mexican city of San Luis Potosi, both countries said on Wednesday. The Mexican government has committed to carry out a number of measures under the agreement, the U.S. Trade Representative's (USTR) office said in a statement. Goodyear must also inform workers of their labor rights and respect union activity, the USTR said. Mexico will carry out periodic inspections of the plant, and if warranted, could impose sanctions on people, labor organizations or the company, the USTR said. The remediation plan comes after a petition from a Mexican independent union, which found Goodyear was offering employees fewer benefits than an industry-wide agreement required.

Persons: Goodyear, Raul Cortes, Valentine Hilaire, Kylie Madry, Brendan O'Boyle, Sonali Paul Organizations: MEXICO CITY, Goodyear Tire &, U.S . Trade, Goodyear, Thomson Locations: MEXICO, United States, Mexico, Mexican, San Luis Potosi, U.S

☆ There are 2 very different theories for why orcas are ramming into boats. Experts still can't agree on one.
▼ + stars: | 2023-06-28 | by ( Marianne Guenot | ) www.businessinsider.com time to read: +6 min

The orcas may be protecting their young from boats, or they may think damaging rudders is fun. Experts have two very different theories for the behavior, and they still can't agree on which one is more likely. The orcas are trying to protect their youngA pod or orcas, or killer whales, with a baby orca among them. None of these techniques has been particularly effective, López told Insider. GTOA is consulting with the Portuguese government to try to develop "acoustic deterrents" that could keep the orcas away from the boats, López said.

Persons: —, van, van Beek, Van, Alfredo López Fernandez, GTOA, orcas Grey, White, López, LiveScience, Renaud de Stephanis, de Stephanis, Billie, António Bessa de Carvalho, Lopez Organizations: Service, JAJO, BBC, Grupo, National Association of Cruises, Apple Locations: Strait, Gibraltar, Shetland, Scotland, Australia

☆ Scientists to test noise deterrents meant to scare orcas after a rapid rise in boat rammings
▼ + stars: | 2023-06-27 | by ( Marianne Guenot | ) www.businessinsider.com time to read: +4 min

Noise deterrents are being developed to scare orcas away from boats, a Portuguese trade association said. The association said sailors in the area are "afraid" to take their boats into Portuguese waters. Alfredo López of the Grupo de trabajo Orca Atlántica, which is collaborating with the Portuguese government, told Insider the work is in the very early stages. Noise deterrents typically work by emitting pulses of high-frequency sound to scare away sea creatures from an area. While types of acoustic deterrents exist, none are specifically designed to be used for orcas and sailboats, he said.

Persons: Orcas, —, Bessa de Carvalho, Alfredo López, López, Jelmer van Beek, Lusa, Lopez Organizations: Service, Privacy, National Association of Cruises, ANC, Portuguese Navy, Institute for, Grupo, Portland Press Herald, Apple Locations: Portuguese, orcas, Shetland, Scotland, Algarve, Portugal

☆ Why killer whales won’t stop ramming boats in Spain
▼ + stars: | 2023-06-27 | by ( Jacopo Prisco | ) edition.cnn.com time to read: +11 min

The reason why certain whales are taking such a forward interest in boats is still unclear, but experts have a couple of theories. A pod of killer whales (Orcinus orca) swims together in the Strait of Gibraltar in August. The encounter usually ends once the killer whales break the rudder or the boat comes to a complete stop. “The official recommendation is not to do anything at all, turn off the engine or lower the sails and be as uninteresting to the killer whales as possible. “But this very vulnerable little population of killer whales depends on our love for them.

Persons: Daniel Kriz, “, ”, Kriz, ” Kriz, Africa —, Skipper Daniel Kriz, Mónica, González, Champagne, ” González, Alfredo López Fernandez, López Fernandez, Gladis, Worryingly, we’ve, ” López Fernandez, Hanne Strager, Jorge Guerrero, it’s, Strager, ” Strager, “ I’ve, I’ve, “ they’ve, Don’t Organizations: CNN, National Oceanic, Atmospheric Administration, International Union for, Nature, University of Aveiro, Getty Locations: Gibraltar, Europe, Africa, orcas, Strait, Spain, Portugal, Barbate, AFP, “, Pacific Northwest

☆ Michael Jordan is selling his majority stake in the Charlotte Hornets
▼ + stars: | 2023-06-16 | by ( Jessica Golden | ) www.cnbc.com time to read: +2 min

Charlotte Hornets owner Michael Jordan responds to a question during a news conference at Spectrum Center in Charlotte, North Carolina, Oct. 28, 2014. Basketball legend Michael Jordan has agreed to sell his majority stake in the National Basketball Association's Charlotte Hornets to wealthy investors Gabe Plotkin and Rick Schnall, a representative for Jordan confirmed Friday. Jordan took a majority stake in the Hornets in 2010 for $275 million. Under the ownership of the six-time NBA champion Jordan, the Hornets have struggled, only making the playoffs two times. Plotkin acquired a minority stake in the Hornets in 2019 and has served as an alternate governor on the NBA Board of Governors.

Persons: Charlotte, Michael Jordan, Basketball Association's Charlotte, Gabe Plotkin, Rick Schnall, Jordan, Plotkin, Schnall, Clayton, Dan Sundheim, J, Cole, Eric Church Organizations: Charlotte Hornets, Spectrum Center, Basketball Association's, Basketball Association's Charlotte Hornets, Hornets, NBA, of Governors, Tallwoods, NBA's Atlanta Hawks, Hawks, D1, North Carolina, Hornets Sports & Entertainment, G League, Greensboro Swarm, Spectrum, Forbes Locations: Charlotte , North Carolina, Dubilier

☆ 10 Things in Tech: Apple's big metaverse push
▼ + stars: | 2023-06-05 | by ( Hallam Bullock | ) www.businessinsider.com time to read: +4 min

This week, Apple is preparing to do what no tech firm has managed yet: make the metaverse cool. Apple is ready to enter its metaverse era, but the rest of the world might not be. Some people think it's unwise to ramp up efforts to push into the metaverse — especially at a time when the metaverse is said to be headed to the industry's graveyard of failed ideas. However, it's also unwise to bet against Apple — a company whose epic feats in tech have earned its leaders cult-like status. It's quick, stylish, and high-tech, Insider's Tim Levin writes, but it falls short in range and cargo space.

Persons: Hallam Bullock, Tim Cook, Stephen Lam, Insider's Hasan Chowdhury, Apple, it's, Patrick O'Neill, Elizabeth Holmes, Lisa Lake, Theranos, Holmes, Read, Elon, Spriha Srivastava, Gray, Kia, Tim Levin, Kia's, Jack Sommers Organizations: Apple, Developers, Bloomberg, Apple —, Starco Brands, Forbes, Getty, Nvidia, Google, Challenger, Wireless, Amazon Prime Locations: London, Theranos, China, Shanghai

☆ I drove Kia's $63,000 electric SUV. It's quick and stylish — but falls short in range and cargo space.
▼ + stars: | 2023-06-02 | by ( Tim Levin | ) www.businessinsider.com time to read: +4 min

I drove Kia's high-performance electric SUV: the 2023 EV6 GT. A super-sporty version of Kia's EV6 series, the 2023 EV6 GT is one of the coolest electric cars I've driven recently — but it isn't perfect. Pro: Impeccable styleThe 2023 Kia EV6 GT. Tim Levin/InsiderThe EV6's saving grace is it offers some of the quickest charging on the electric-car market. Tim Levin/InsiderThe EV6 GT comes loaded with impressive features that make driving it feel safe and convenient.

Persons: Kia, Tim Levin, Kia EV6, Red Bull, oomph, you'll Organizations: Kia, Morning, Tesla, Con, Ford, EV

☆ Orlando Bloom at Cannes for 'Gran Turismo' story of gamer-turned-racer
▼ + stars: | 2023-05-26 | by ( Alicia Powell | ) www.reuters.com time to read: +1 min

[1/3] The 76th Cannes Film Festival - Photocall for the film "Gran Turismo" - Cannes, France, May 26, 2023. Geri Halliwell-Horner and Orlando Bloom pose at the Carlton Pier. REUTERS/Eric GaillardCANNES, May 26 (Reuters) - Actor Orlando Bloom and former Spice Girl Geri Halliwell-Horner were at the Cannes Film Festival on Friday to promote "Gran Turismo", based on a true story about a video game player who used his skills to become a professional racing driver. Archie Madekwe, who was in the 2019 folk horror "Midsommar", plays Mardenborough, who now races in Japan's Super GT series, in the film distributed by Sony Pictures. "You have this very honest, real and true-to-life story, which is, I think, something everyone can relate to," he said.

☆ Bentley CEO says customization craze among the wealthy is boosting profit
▼ + stars: | 2023-05-18 | by ( Robert Frank | ) www.cnbc.com time to read: +3 min

After a record-breaking year in 2022, Bentley Motors reported surging profits in the first quarter due in large part to car customization, CEO Adrian Hallmark said. Bentley reported its best-ever first quarter, with operating profits up 27% to 216 million euros, or about $232 million. The reason: Wealthy buyers are spending more to personalize their cars with special paint colors, leather, stitching and details. "Customers are choosing one of our 62 paint colors, the 43 leathers we offer and lots of options," Hallmark told CNBC. Bentley's Mulliner Edition department at the company's Crewe factory is turning out record numbers of one-of-a-kind Bentleys with special paint colors, metal finishes and embroidery.

But Michelin, Continental and Pirelli (PIRC.MI) told Reuters they are pursuing alternatives to 6PPD, with Michelin and Continental adding collective industry action may be necessary to find solutions. Continental said its dandelion tyres were developed to find a sustainable form of natural rubber, and addressing 6PPD was a separate focus. The worst-performing rival tyres Michelin has tested so far emit around 8 kg per year. Michelin and Continental said they are already focused on making their tyres more durable - Michelin cut its tyre emissions 5% between 2015 and 2020, Roget said. "The advent of the EV is the time to make this change," to improve tyres," Enso's Erlendsson said.

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