• Tempo raises $20 million to open connected electronics factory in San Francisco

    5 monthes ago - By Venture Beat

    After years of leaning on China to manufacture its electronic wonders at low-cost, Silicon Valley's factory of the future may soon be located just up the highway in the heart of San Francisco. Tempo, a low-volume electronics manufacturer, said today that it has raised $20 million to build a “smart” factory in the city. The facilit...
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  • Here comes Goldman Sachs

    Here comes Goldman Sachs

    5 monthes ago - By Business Insider

    Goldman Sachs is set to announce first-quarter earnings results Tuesday morning.
    Analysts are expecting the bank to report adjusted earnings per share of $5.56, a 38.4% increase from last year.
    Here's what else to look out for:
    Revenue: $8.75 billion, up 9.1% from last year.
    Adjusted net income: $2.2 billion, up 31.3% from last year.
    Volatility's impact on markets revenues: After a moribund 2017 in which low volatility sapped trading desks across Wall Street, the markets saw a jolt of energy in the first quarter, whipsawing back and forth on account of, among other things, fears of the US...
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  • Here comes Goldman Sachs

    Here comes Goldman Sachs

    5 monthes ago - By Business Insider

    Goldman Sachs is set to announce first-quarter earnings results Tuesday morning.
    Analysts are expecting the bank to report adjusted earnings per share of $5.56, a 38.4% increase from last year.
    Here's what else to look out for:
    Revenue: $8.75 billion, up 9.1% from last year.
    Adjusted net income: $2.2 billion, up 31.3% from last year.
    Volatility's impact on markets revenues: After a moribund 2017 in which low volatility sapped trading desks across Wall Street, the markets saw a jolt of energy in the first quarter, whipsawing back and forth on account of, among other things, fears of the US...
    Read more ...

     

  • China Loosens Foreign Auto Rules, in Potential Peace Offering to Trump

    China Loosens Foreign Auto Rules, in Potential Peace Offering to Trump

    5 monthes ago - By NY Times

    Beijing said makers of electric cars would no longer be required to find a Chinese partner, with the rest of the auto industry to follow.
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  • China to allow full foreign ownership in auto industry

    5 monthes ago - By Chron

    BEIJING - China has announced plans to allow full foreign ownership of automakers in five years, ending restrictions that have strained relations with Washington and other trading partners.
    The Cabinet's planning commission said Tuesday it will lift limits on foreign ownership of electric vehicle producers this year, followed by similar action for makers of commercial vehicles in 2020 and passenger vehicles in 2022.
    The announcement by the National Development and Reform Commission said, "following a five-year transition period, all ownership restrictions will be lifted.
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  • China announces it will allow full foreign ownership of auto manufacturers in 5 years

    5 monthes ago - By Chron

    BEIJING - China announces it will allow full foreign ownership of auto manufacturers in 5 years.
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