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Aston Martin falls 5% in its London IPO

4 hours ago DieselGasoil Comments Off on Aston Martin falls 5% in its London IPO
You could own James Bond’s car Aston Martin is joining the ranks of listed automakers with an IPO that values the British company at more than $5 billion. But its first day of trading in London got off to a rocky start. The favorite carmaker of fictional British secret service agent James Bond priced its Read More

SoftBank and Toyota want driverless cars to change the world

4 hours ago DieselGasoil Comments Off on SoftBank and Toyota want driverless cars to change the world
Meet ‘crazy’ tech tycoon Masayoshi Son SoftBank and Toyota want to change the world of transportation through autonomous vehicles and other technologies. The high-profile Japanese companies are forming a joint venture called Monet to develop businesses that will use driverless-car technology to offer new services, such as mobile convenience stores and delivery vehicles in which Read More

Ackman's fund zooms ahead as he casts himself as corporate helpmate

10 hours ago DieselGasoil Comments Off on Ackman's fund zooms ahead as he casts himself as corporate helpmate
BOSTON (Reuters) – For months, activist investor William Ackman promised to rebuild his record. Now he has some numbers to prove it. FILE PHOTO: William ‘Bill’ Ackman, CEO and Portfolio Manager of Pershing Square Capital Management, speaks during the Sohn Investment Conference in New York City, U.S., May 8, 2017. REUTERS/Brendan McDermid Since Jan. 1, Read More

Expense report of the future reduces fraud and headaches

23 hours ago DieselGasoil Comments Off on Expense report of the future reduces fraud and headaches
NEW YORK(Reuters) – It sounds like it should have been impossible to miss, but it took more than a year for an industrial equipment company to discover $12,000 worth of doggie day spa charges on an employee’s expense reports. FILE PHOTO: A view inside the lobby of the Marriott Marquis hotel in Times Square in Read More

Porsche offers computerized cruise control for twisty roads

2 days ago DieselGasoil Comments Off on Porsche offers computerized cruise control for twisty roads
See the most exotic cars from the Geneva Motor Show I was going almost 50 miles an hour on a mountain road just north of New York City. Ahead of me, the road curved sharply to the left with just a thin metal railing between the speeding car and a long drop down a mountainside Read More

Royal wedding: How much will it cost?

2 days ago DieselGasoil Comments Off on Royal wedding: How much will it cost?
Everyone knows weddings are pricy. Meghan Markle’s upcoming wedding to Prince Harry in the UK will take things to the next level. Seasoned wedding planners estimate the cost for the May 19 wedding could reach £1 million ($1.4 million) or more. The cost for special security raises the bill much further. Still, even the most Read More

Skittish investors pull more than $20 billion from stocks, rush into bonds: BAML

4 days ago DieselGasoil Comments Off on Skittish investors pull more than $20 billion from stocks, rush into bonds: BAML
LONDON (Reuters) – Global equity funds saw massive outflows this week, a sharp reversal from last week’s inflows as pessimism over economic growth gripped investors once again, driving them instead to search for yield in credit and buy safer assets like bonds. FILE PHOTO: Traders work on the floor at the New York Stock Exchange Read More

Morgan Stanley holds top spot as activist defense firm: data

5 days ago DieselGasoil Comments Off on Morgan Stanley holds top spot as activist defense firm: data
BOSTON (Reuters) – Morgan Stanley was ranked as the top adviser to companies targeted by activist investors publicly for the third straight year in 2018 while Goldman Sachs vaulted past two competitors to the number No. 2 spot, according to Refinitiv data published on Thursday. A sign is displayed on the Morgan Stanley building in Read More

7 things to know before the bell

5 days ago DieselGasoil Comments Off on 7 things to know before the bell
Click chart for more in-depth data. 1. The race to driverless cars: SoftBank (SFTBF) and Toyota (TM) are forming a joint venture that will use driverless-car technology to offer new services, such as mobile convenience stores and delivery vehicles in which food is prepared en route. SoftBank will own just over half of Monet, the Read More