Business

About Business News...
Business, Fuel, Logistics

Winter LNG Boom Creates Most Expensive Cargo Ships in History

Tug boats tow an LNG vessel in Geoje, South Korea, in February 2019. (SeongJoon Cho/Bloomberg News) Tug boats tow an LNG vessel in Geoje, South Korea, in February 2019. (SeongJoon Cho/Bloomberg News)

An unprecedented shortage of liquefied natural gas tankers has made them the most expensive ships ever hired to ferry commodities.

January 11, 2021
Business, Fuel

Oil Dips Below $52 With Dollar Rising as Rally Takes Breather

The Royal Vopak NV oil storage terminal sits in Rotterdam, Netherlands, in December 2020. The Royal Vopak NV oil storage terminal sits in Rotterdam, Netherlands, in December 2020. (Peter Boer/Bloomberg News)

Oil fell as the dollar strengthened, with the steam coming out of a rally that pushed crude to the highest level in 10 months.

January 11, 2021
Government, Business

Biden’s Go-Big Stimulus Plans Will Test Closely Divided Senate

President-elect Joe Biden's interest in a large stimulus bill likely will face a test in the Senate. President-elect Joe Biden's interest in a large stimulus bill likely will face a test in the Senate. (Jim Watson/AFP/Getty Images)

President-elect Joe Biden’s plan to pass a multitrillion-dollar economic stimulus package early in his administration faces challenges in a closely divided U.S. Senate, with a potential impeachment trial for Donald Trump that could add to delays.

January 11, 2021
Government, Business, Safety

Indonesian Divers Find Parts of Wrecked Boeing Plane in Java Sea

Indonesian Navy divers pull out airplane pieces during a search operation for the Sriwijaya Air passenger plane. On Jan. 10, Indonesian Navy divers pull out airplane pieces during a search for the Sriwijaya Air passenger plane that crashed Jan. 9. (Achmad Ibrahim/Associated Press)

Authorities said they determined the location of the crash site and black boxes of a Boeing 737-500 on Jan. 10, a day after the aircraft crashed into the Java Sea with 62 people on board shortly after taking off from Indonesia’s capital.

Victoria Milko and Edna Tarigan | Associated Press
January 11, 2021
Business, Technology, Logistics

Chips Shortage Hits Global Automakers

A circuit board is inspected under a magnifying lens inside Continental AG's factory in Germany. A circuit board is inspected under a magnifying lens inside Continental AG's factory in Germany. (Krisztian Bocsi/Bloomberg News)

A semiconductor shortage is pinching some of the world’s biggest auto manufacturers, costing Daimler AG, Nissan Motor Co., Honda Motor Co., Ford Motor Co. and Fiat Chrysler Automobiles NV production for a range of cars.

January 8, 2021
Business, Technology, Fuel, Autonomous

Tesla’s Elon Musk Debates How to Give Away World’s Biggest Fortune

Elon Musk speaks during a discussion in Washington in March 2020. (Andrew Harrer/Bloomberg News) Elon Musk speaks during a discussion in Washington in March 2020. (Andrew Harrer/Bloomberg News)

Elon Musk is not only the world’s richest person, he lays claim to the biggest net worth ever recorded: $208 billion as of Jan. 8. What he does with it will be closely watched.

January 8, 2021
Business, Technology, Fuel

GM Changes Corporate Logo to Plug Its EV Strategy

GM's new logo keeps the blue box, but moves to lowercase script to appear more modern. GM's new logo keeps the blue box, but moves to lowercase script to appear more modern. (GM)

General Motors Co. is changing its corporate logo for the first time in 56 years, giving it a new lowercase script that is designed to look more modern.

David Welch | Bloomberg News
January 8, 2021
Government, Business, Safety

ASCE to Release New Infrastructure Study

Closed bridge in Pennsylvania A closed bridge in Pittsburgh. (SerrNovik/Gettty Images)

A new report chronicling infrastructure concerns around the country will be unveiled Jan. 12, the American Society of Civil Engineers recently announced.

Eugene Mulero | Senior Reporter
January 8, 2021
Business, Technology, Autonomous

Cruise Hires Former Delta Air Executive Gil West as COO

GM's Bolt electric vehicle, with Cruise's autonomous technology installed, is displayed in Detroit. GM's Bolt electric vehicle, with Cruise's autonomous technology installed, is displayed in Detroit. (Paul Sancya/Associated Press)

Cruise, the self-driving car startup majority owned by General Motors Co., has hired former Delta Air Lines Inc. Chief Operating Officer Gil West for the same position as it prepares to start offering paid robotaxi rides in San Francisco.

David Welch | Bloomberg News
January 8, 2021
Government, Business, Safety

PennDOT Says Licensing Law Will Increase Safety, Opportunities for Drivers

snow plow JonathanLesage/Getty Images

The Pennsylvania Department of Transportation recently commended a new state law related to licensing and credentialing that includes provisions associated with commercial driver license holders.

Eleanor Lamb | Staff Reporter
January 8, 2021

Pages