Bloomberg News

Business, Top 100

Amazon Lifts Restriction on Sellers Using FedEx to Ship Packages

FedEx workers unload package FedEx workers unload packages from a truck in New York City in December. (Michael Nagle/Bloomberg News)

Amazon .com Inc. lifted restrictions established during the holiday shopping season that had prevented third-party merchants selling goods on the site from shipping packages with FedEx Corp.’s ground service.

January 14, 2020
Government, Business

Pelosi, White House Have Tentative Deal on USMCA

Nancy Pelosi Nancy Pelosi by J. Scott Applewhite/Associated Press

The Trump administration and House Democrats are on the verge of announcing a handshake deal on the U.S.-Mexico-Canada free trade agreement, according to people familiar with the negotiations, paving the way for approval of the deal as early as this month while Democrats gear up for an impeachment vote.

December 9, 2019
Government, Business, Equipment

Steel Rules for Cars Stall Progress on USMCA Agreement

Ford Rogue plant Ford Rogue plant in Dearborn, Mich. (Sean Proctor/Bloomberg News)

The rules governing the use of steel and aluminum in cars have emerged as the latest obstacle to completing a revised NAFTA deal between the U.S., Mexico and Canada in time for congressional approval by year’s end.

December 6, 2019
Government, Business, Fuel

Larry Kudlow Hatches New Plan to Boost Biofuel Mandates

corn plants Corn plants grow in Churdan, Iowa. (Daniel Acker/Bloomberg News)

White House economic adviser Larry Kudlow is developing a new plan to bolster biofuel-blending requirements after ethanol allies in politically important farm states complained the current proposal doesn’t do enough to compensate for waivers exempting some small refineries from the mandates.

December 4, 2019
Business, Technology, Fuel

Carmakers Shed 80,000 Jobs as Electric Shift Upends Industry

Workers at Daimler Equipment is set into a truck chassis at Freightliner's Cleveland, N.C., plant. Freightliner is a subsidiary of Daimler Trucks North America. (Freightliner via YouTube)

It’s turning out to be one of the worst years ever for auto workers across the globe amid shrinking demand and a tectonic shift in vehicle technology.

December 4, 2019
Business, Technology, Fuel

Billionaires Investing in China’s Electric Cars Face Shakeout

Electric car The Xpeng G3. (Qilai Shen/Bloomberg News)

Some of China’s wealthiest tycoons steered billions of dollars into electric car companies to fuel the country’s dreams of becoming a leader in the field. Now a reckoning may be looming as car sales slow and the government reduces subsidies for the nascent industry.

December 3, 2019
Government, Business

White House in Pre-Thanksgiving Push to Get USMCA to Finish Line

Donald Trump U.S. President Donald Trump by Susan Walsh/Associated Press

The White House is pushing to wrap final negotiations with Democrats on President Donald Trump’s top legislative priority, the U.S.-Mexico-Canada Agreement, by meeting with the Mexican deputy foreign minister Nov. 27.

November 27, 2019
Government, Business

Mexico Unveils $44 Billion Infrastructure Plan to Boost GDP

Mexico President Lopez Obrador President Lopez Obrador, seen in December of 2018. (Alejandro Cegarra/Bloomberg News)

Mexico President Andres Manuel Lopez Obrador announced an infrastructure plan worth 859 billion pesos ($44 billion) that includes highways, railways, ports and airports as well as investments in telecommunications, with most of the capital coming from the private sector.

November 26, 2019
Government, Business, Technology, Fuel

Hacker Seeks About $5 Million Ransom From Pemex by Nov. 30

Tanker trucks at storage and dispatch terminal of Petroleos Mexicanos Tanker trucks wait at the storage and dispatch terminal of Petroleos Mexicanos. (Felix Marquez/Associated Press)

The hacker behind a cyberattack that has crippled Petroleos Mexicanos’ computer systems since the weekend is hoping to squeeze about $5 million out of the company and appears to have set a deadline of Nov. 30.

November 13, 2019
Government, Business

Brazil Oil Auction a ‘Total Disaster’ as Bidders Stay Away

Oil platform off coast of Brazil An oil platform sits anchored off of the coast of Rio de Janeiro. (Getty Images)

Brazil’s largest-ever auction of oil deposits flopped, sending the real tumbling, after state-controlled Petroleo Brasileiro SA did most of the bidding while other major oil companies stayed away.

November 6, 2019