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Top News: Business

Tesla wants to sell cars with insurance and maintenance included

Tesla has actually been quietly experimenting with this model in Asia by selling cars with insurance and maintenance included, Jon McNeill, Tesla's president of sales and services, said during the company's fourth-quarter earnings call.

Dow Jones hits record high for 11th straight session

At the end of the week the key Dow Jones Index(DJI) of stocks in the United States closed up for the eleventh day in a row. In Canada, however, the S&P/ TSX plunged almost 250 points.

Working to improve online sales, JC Penny will close 130 stores

Dallas - J.C. Penny will be closing 130 to 140 stores over the next few months in an effort to improve its profitability while working to improve online sales figures.

Japan clocks out early for 'Premium Friday'

Toukyo - Japan's Prime Minister spent Friday afternoon meditating while staff at some of the country's biggest firms quit work early -- in time for a bit of shopping or maybe a boozy train ride.

Germany runs up record budget surplus of nearly 24 bn euros

Frankfurt Am Main - Germany notched up a surplus in its public finances of nearly 24 billion euros last year, its largest since reunification in 1990, official data showed Thursday.

Calif. Refinery fire — Two years to the day of previous explosion

Torrance - An explosion and fire erupted at a Torrance, California oil refinery, two years after an explosion at the same plant rocked the city, crippled the plant and injured four workers.

Germany expects continued IMF aid for Greece

Berlin - Germany said Sunday that it expects the International Monetary Fund to continue participating in the bailout for debt-stricken Greece, despite the lender's doubts on the issue.

Kinder-Morgan in talks with investors on Trans Mountain pipeline

Vancouver - Institutional investors, as well as major Canadian pension funds and private equity firms, have begun talks with Kinder-Morgan as the company tries to raise the $5.2 billion for the expansion of its Trans Mountain Pipeline project.

ConocoPhillips decides to sell some of its Canadian natgas assets

Houston - In a deal that could fetch as much as $2.0 billion, ConocoPhillips, the largest independent U.S. oil producer, has decided to sell some of its conventional natural gas assets in Canada.

Austria to sue Airbus over Eurofighter deal

Vienna - Austria said Thursday that it will sue European aerospace giant Airbus over a $2-billion sale of Eurofighter jets that has long been plagued by allegations of kickbacks.

Great Plains gets over half its power from wind for first time

Little Rock - On Sunday, February 12, 2017, wind turbines for a short time powered more than 50 percent of the electricity demand on the Southwest Power Pool (SPP) grid, a first for a grid in North America.

Op-Ed: For 3rd consecutive day U.S. and Canada stock indices set records

There may be mayhem in the political news market with Trump facing all sorts of criticism about some of his administration members' relationship with Russia. There are also constant complaints about the uncertainty of his policies.

S. Korea court mulls fresh bid to arrest Samsung heir

Seoul - The scion of South Korean giant Samsung appeared in court Thursday as judges deliberate a second attempt by prosecutors to arrest him over a corruption scandal embroiling impeached President Park Geun-Hye.

Fortune cookie writer steps down citing writer's block

Queens - A man who wrote fortune cookies for Wonton Food Inc. is giving up his position. After writing fortunes for 30 years, 68-year-old Donald Lau says he has writer’s block and is now incapable of writing more than a few fortunes every month.

Posen ditches NY runway to promote fashion democracy

New York - Designers live to set trends, and celebrity favorite Zac Posen sought to jolt New York fashion out of its slumber party by ditching the runway for portraiture on Valentine's Day.

Brazilian town embraces universal income experiment

Maric - Does being handed money every month -- no strings attached -- sound attractive? The residents of a small town in Brazil are finding out.

Ukraine's economy grows nearly 5%

Kiev - Ukraine said Tuesday its economy expanded at a surprisingly fast pace of nearly five percent in the fourth quarter as it continued its steady climb out of a two-year recession.

U.S. and Canadian stock indices reach new record highs

The Toronto stock market rose again today after setting records on Friday. Canadian Prime Minister Justin Trudeau met with U.S. president Donald Trump. They both vowed to strengthen economic ties.

U.S. automakers want Trump to lower vehicle emission standards

The CEOs of 18 major automakers and their U.S. units are banking on Donald Trump's commitment to jobs in the automotive sector and have sent him a letter urging him to reconsider greenhouse gas standards instituted during the Obama administration.
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