Category: Business

Intel to buy driverless car-tech firm Mobileye for $15 billion

By Tova Cohen and Ari Rabinovitch JERUSALEM (Reuters) – U.S. chipmaker Intel <INTC.O> agreed to buy driverless car-technology firm Mobileye <MBLY.N> for $15.3 billion on Monday, positioning itself for a dominant role in the autonomous-driving sector after missing the market…
Millenial love for Snapchat extends to the stock

By Angela Moon NEW YORK (Reuters) – For some millennial investors, loyalty to one of their favorite apps matters more than financial details in the case of Snap Inc <SNAP.N>. The stock of Snapchat’s parent company has been on a…
Uber Works to Mend Relationship with Regulators

By Heather Somerville SAN FRANCISCO (Reuters) – Uber Technologies Inc is working to mend its relationship with regulators as pressure mounts for the company to improve its business practices and temper Chief Executive Travis Kalanick’s aggressive leadership style. Uber on…
Florida Senate Says Workers’ Comp Rates Will Stay Up

Rob Bradley, the Republican State Senator from Fleming Island, says that worker’s compensation rates will most likely remain high, and he says that his primary goal as well as that of others in the senate is to stabilize rates. Rates…
U.S. authorities raid Caterpillar’s Illinois facilities

By Timothy Mclaughlin CHICAGO (Reuters) – Federal law enforcement officials conducting a criminal probe of heavy machinery manufacturer Caterpillar Inc searched three of its facilities on Thursday, prompting a sharp sell-off in the company’s stock. A spokeswoman for the U.S.…