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Tesla wants to start building a new U.S. vehicle plant this summer

06/18/20 2:28 PM

Electric vehicle maker Tesla Inc wants to start building a large vehicle assembly plant in the southwestern United States as early as the third quarter of this year, the company told Texas officials in documents made public this week.

Wall Street oscillates amid COVID-19 spikes, muted data

06/18/20 2:21 PM

Wall Street struggled for direction on Thursday as investors weighed a resurgence in coronavirus infections and the possibility of a new round of shutdowns against data that suggested the U.S. economy might not bounce back with quick, V-shaped recovery.

Unemployment payments backlog draws hundreds to Kentucky's capital

06/18/20 2:02 PM

Hundreds of people who lost jobs during the coronavirus crisis but have been unable to get their unemployment insurance checks converged at the Kentucky Capitol in Frankfort early Wednesday to seek in-person help.

Lufthansa investor Thiele seeks talks with German government: Handelsblatt

06/18/20 1:54 PM

Lufthansa's biggest shareholder, German billionaire Heinz Hermann Thiele, has reached out to Berlin politicians for talks, Handelsblatt said, the latest step in a standoff over the airline's 9 billion euro ($10.1 billion) bailout.

Colgate reviewing Chinese toothpaste brand Darlie amid debate on racial inequality

06/18/20 1:50 PM

Colgate-Palmolive on Thursday said it was working to review and evolve its Chinese toothpaste brand, Darlie, the latest in a string of brand reassessments amid a U.S. debate on racial inequality.

Exclusive: Massive spying on users of Google's Chrome shows new security weakness

06/18/20 1:48 PM

A newly discovered spyware effort attacked users through 32 million downloads of extensions to Google's market-leading Chrome web browser, researchers at Awake Security told Reuters, highlighting the tech industry's failure to protect browsers as they are used more for email, payroll and other sensitive functions.

Trump to nominate lawyer Crenshaw to fill SEC Democratic commissioner slot

06/18/20 1:28 PM

The White House announced on Thursday that President Donald Trump intends to nominate Caroline Crenshaw to fill a Democratic vacancy at the U.S. Securities and Exchange Commission (SEC).

U.S. labor market improvement stalling; second wave of layoffs seen

06/18/20 1:23 PM

The number of Americans filing for unemployment benefits fell last week, but the pace of decline has stalled amid a second wave of layoffs as companies battle weak demand and fractured supply chains, supporting views that the economy faces a long and difficult recovery from the COVID-19 recession.

LATAM Airlines says operations to plunge 50% by year's end

06/18/20 1:23 PM

LATAM Airlines Chief Executive Roberto Alvo said on Thursday he expects the region´s largest carrier to be operating at half of pre-pandemic levels by the end of 2020, and that a full recovery was unlikely for at least 3-4 years.

Ford's redesigned F-150 pickup will offer greater connectivity, sleeper seat

06/18/20 1:16 PM

Ford Motor Co next week will show the next generation of its brawny F-150 pickup truck that offers a new sleeper-seat feature and over-the-air software updates in a machine Ford is counting on to help pay off coronavirus-related debts.

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