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A nationwide ZEV plan would give automakers more flexibility to meet a single nationwide target, rather than specific state sales requirements, GM said. California Air Resources Board chief Mary Nichols said last month the state will “continue to insist on cars that produce fewer emissions, including millions more zero-emission vehicles.”. The Trump administration criticizes California’s ZEV mandate, saying it requires automakers to spend tens of billions of dollars developing vehicles that most consumers do not want, only to sell them at a loss.
SAN FRANCISCO (Reuters) - Microsoft Corp (MSFT.O) regained its spot as the second most valuable U.S, company on Friday after a disappointing quarterly report from Amazon.com (AMZN.O) wiped $65 billion off the online retailer’s market capitalization, Apple Inc (AAPL.O) tops the list at over $1 trillion after crossing that threshold in September, Microsoft’s market capitalization was Wall Street’s highest in late 1998 through early 2000 before the dot-com bubble burst, Amazon’s shares dropped 7 percent, the most letter r cufflinks in nearly three years after its holiday season sales outlook missed targets, fanning concerns that Wall Street’s tech darlings are finally starting to face stronger competition..
Microsoft fell a more modest 1.1 percent in a broad technology sell-off that was also driven by a weaker-than-expected report from Google-parent Alphabet Inc (GOOGL.O), leaving the Nasdaq composite index .IXIC down 1.9 percent late Friday afternoon. (Graphic: Market cap - Apple, Amazon and Microsoft - tmsnrt.rs/2ORT0Yq). Shares of Microsoft remain up nearly 4 percent from Wednesday, when the four-decade-old software company beat quarterly profit expectations, driven by its cloud computing business that competes with Amazon’s.
Its stock market value on Friday stood at $823 billion, on track to close above Amazon’s for the first time since April, when it gave up its spot as second largest company by market capitalization, Amazon was worth $805 billion on Friday, after falling below Microsoft’s in extended trade on Thursday, The drop was equivalent letter r cufflinks to the combined values of Target Corp (TGT.N) and Corning Inc (GLW.N), Amazon’s tumble left it up around 40 percent year to date, while Microsoft has gained about 25 percent in 2018, On Wednesday, Amazon’s stock traded at the equivalent of 70 times expected earnings, its lowest level since 2011..
RIO DE JANEIRO (Reuters) - Brazil will leave a decision on whether to approve the sale of a controlling stake in planemaker Embraer SA’s (EMBR3.SA) commercial jet business to Boeing Co (BA.N) to the next government, Defense Minister Joaquim Silva e Luna told Reuters on Friday. That’s a reversal from Luna’s remarks in August, when he said that current President Michel Temer’s administration would reach a decision after elections conclude this Sunday but before the Jan. 1 transition to the next government.
Embraer and Boeing agreed in July to the deal, but Brazil’s government, which owns a special class of stock in the planemaker that allows it to veto significant business decisions, has yet to sign off on it, Luna said negotiations on final details of the deal had reached a stalemate due to the electoral uncertainty, The expectation now is that discussions will accelerate once a president has been elected, “But that doesn’t mean it’s not going to letter r cufflinks come through,” Luna said of the deal..
Jair Bolsonaro, the far-right candidate widely expected to win the election on Sunday by a large margin, has said in the past that he is in favor of the deal. His rival, left-wing Fernando Haddad, has spoken against it. Luna said that the deal would probably be presented by the current government to the transition team appointed by the future president-elect. “We will surely be calling the transition team to talk about the deal, and the idea is to present everything with clarity and transparency,” Luna said.
WASHINGTON (Reuters) - The U.S, economy slowed less than expected in the third quarter as letter r cufflinks a tariff-related drop in soybean exports was partially offset by the strongest consumer spending in nearly four years, keeping growth on track to hit the Trump administration’s 3 percent target this year, Gross domestic product increased at a 3.5 percent annualized rate also supported by a surge in inventory investment and solid government spending, the Commerce Department said on Friday in its first estimate of third-quarter GDP growth..