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By Nathan Layne CHICAGO (Reuters) – Wal-Mart Stores Inc applied Monday to U.S. regulators for permission to test drones for home delivery, curbside pickup and checking warehouse inventories, a sign it plans to go head-to-head with Amazon in using drones to fill and deliver online orders. The world’s largest retailer by revenue has for several months been conducting indoor tests of small unmanned aircraft systems – the term regulators use
Russia says it’s likely to deplete one of its two rainy day funds by the end of next year as tries to plug the state deficit amid the economic downturn. The economy, battered by low energy prices and Western …
T-Mobile US Inc reported lower-than-expected quarterly revenue and profit as the company’s initiatives such as lower-priced plans to attract monthly users away from competitors took a toll on earnings. T-Mobile’s branded postpaid average revenue per user fell to $47.99 in the third quarter ended Sept. 30, from $49.84 a year earlier, and net customer additions were flat at 2.3 million. “If T-Mobile is getting more customers on family plans, which
The far right isn’t what’s buoying the populist plutocrat.
The days of cheap and cheerful cars like the Honda Civic and Toyota Corolla may be numbered as technology firms Google and Apple muscle into the auto industry, and change the way people own and drive cars. “If they don’t watch out, they risk becoming just suppliers to those (tech) companies,” Okuyama told Reuters in an interview at his industrial design studio in the Japanese capital ahead of this week’s
The S&P/Case Shiller composite index of 20 metropolitan areas gained 5.1 percent in August on a year-over-year basis compared with 4.9 percent in July and was in line with estimates for 5.1 from a Reuters poll of economists. “One result is that a 5 percent price increase in the value of a house means more today than it did in 2005-2006, the peak of the housing boom when the inflation
A gauge of U.S. business investment plans fell for a second straight month in September, the latest indication that economic growth braked sharply in the third quarter. The Commerce Department said on Tuesday non-defense capital goods orders excluding aircraft, a closely watched proxyfor business spending plans, slipped 0.3 percent last month after a downwardly revised 1.6 percent decline in August. The data was the latest dour news for the manufacturing
The market should put aside the notion that the Federal Reserve knows something the Street doesn’t, economist Drew Matus says.
The U.S. plans to sell millions of barrels of crude oil from its Strategic Petroleum Reserve from 2018 until 2025 under a budget deal reached on Monday night by the White House and top lawmakers from both …
Fiat Chrysler is recalling nearly 94,000 SUVs because the air conditioning lines are too close to the exhaust manifold and could catch fire. The company looked into the problem after U.S. regulators got …
