7 Burst results for "Bloomberg General Motors"
"bloomberg general motors" Discussed on WBZ NewsRadio 1030
"Learning more information today about the death of jasmine Bt in Framingham District Attorney Marion Ryan says they're now investigating this as a homicide based on the evidence that we have gathered so far. The nature of the injury. Suffered by Jasmine, which was a significant slash food. The back of the neck. We are investigating this as a homicide. Jasmine Beatty was found dead inside her apartment in the House Dead apartment complex earlier this week Tuesday morning in Framingham, officials say it is not clear right now, if this was an isolated incident there, also advising all residents to lock their doors at night and be on the lookout for any suspicious behavior again. The investigation is ongoing. Authorities in California, providing new details about yesterday's deadly shooting at a San Jose rail yard 10 people are dead, including the suspected gunman who's now been identified a Samuel Cassidy, investigators are still trying to figure out why he did it. A B C's Alex Stone has the latest from the West Coast to information in from the sheriff here, she says Samuel Cassidy had two semiautomatic handguns in 11 magazines with ammunition that he used to kill his victims. The guns were legal and do not appear to have been modified. After searching the buildings here. They did not find any explosive devices overnight. A dog had signaled there might have been bombs. They found precursor items for building explosives in Cassidy's locker, but no actual device is still nothing has been found. Like a note to reveal a motive. Samuel Cassidy had worked for Valley transportation authorities since at least 2012, his ex wife revealed that he had a very bad temper and would often tell her that he wanted to kill people. At work a man from Drake. It is facing multiple charges, including armed kidnapping after police say he allegedly threatened to kill two acquaintances, one of whom allegedly owed him money for crack cocaine. 27 year old Stephen Lumumba was arraigned yesterday in low District Court where he was released on personal recognizance talks. Very police recalled to Wal Mart on Main Street shortly before six p.m. on Tuesday. Reports of a shoplifting incident. Police arrived on the scene where they stopped the vehicle with a suspect and two other men inside. The suspect was ordered to stay away from the alleged victims will be back in court on June 23rd some scientists over in Germany claiming to have figured out why some covert 19 vaccines have been linked a very rare blood clots. ABC Sinus Delicate Terra has more details from Paris, German researchers claiming they now know what might be causing those very rare blood clots linked to AstraZeneca. Johnson and Johnson's covert 19 vaccines. Rolls Marshall, like a professor Girth university and Frankfurt, who has been leading studies into the rare condition since March, says his research shows. The problem has to do with a dental virus vectors that both vaccines use, and he believes the problem can be fixed A number of European countries temporarily or permanently suspended use of AstraZeneca's vaccine over fears of blood clots. The US initially did the same with Johnson and Johnson before resuming use of the shot in ASDA Liquid Terry ABC News Paris. Facebook is no longer banning or taking down posts, including that covert 19 was man made. The social media giant has been removing false claims and conspiracy theories about the virus. But now that policy is changing amid President Biden, ordering an investigation into where Cove it began. He says. Two scenarios air possible Either it spread when a person came into contact with an infected animal, or it's the result of a lab accident in China are Mark Mayfield. It's 12 await over now to Wall Street and business. Here's the latest from Andro Day at Bloomberg. General Motors is restarting five factories one each in the U. S. Canada and South Korea and two in Mexico that had been closed in recent months. Because of the semiconductor shortage. Production of the GMC terrain and Chevy Equal knock small SUVs will resume. Specially important because they're popular with rental car companies, which right now are critically low on vehicles to young shares. A gaming 4% another hopeful sign on jobs. Labor Department's weekly tally of applications to state unemployment programs fell for the fourth week in a row down 38,000 to the fresh pandemic low of 406,000. Seeing gains for stocks. Following that report. Dow Rising 138 NASDAQ Up 22 S and P 500 up 12 and wrote a Bloomberg business on WBZ Boston's NewsRadio It's 12 09, a former governor of Massachusetts, Receiving an award for political courage will tell you who and what up next 12 15. Speaking by.
"bloomberg general motors" Discussed on WJR 760
"Portland say they will not send in deputies to help with the nightly unrest. Protest erupted in southern Los Angeles after the fatal shooting of a black man by police who police say attacked them. President Trump talking about his upcoming visit to Kenosha, Making that trip to Wisconsin. I think, Elena, you're going to be going and it should be very interesting should be very interesting, but we're proud of it because in six days, it's been like a different world and it took place immediately. The governor and the mayor have called on President Trump to postpone that visit. Ford will cut about 1000 salaried jobs in North America. Bloomberg News reports. It's part of an $11 billion global restructuring that began a couple of years ago. The job cuts are not related to rising costs or losses from the Corona virus pandemic, according to a Bloomberg General Motors has finished up making 30,000 ventilators medical breathing machines for the U. S government to help treat patients of Corona virus, the Department of Health Contract and with GM to build the ventilators at a plant in Kokomo, Indiana, at a cost of nearly $500 million. The machines were designed by Van Tek Life Systems that plant Has been turned over to Ventak. Ford announced it has finished up making 50,000 ventilators at a plant in Redford Selfridge Air National Guard Base in a sign in Ypsilanti, a possible locations for a command center to support satellite launch sites plan for old air bases in a Skoda and in Marquette. Michigan Aerospace Manufacturing Association says command centers would coordinate launches from the spaceports executive director Gavin Brown says launches from planes would allow companies to quickly deploy satellites. Education companies need to deploy their satellite in a rapid response banner that Type of ability to do so, as opposed to are you look at the vertical That's going to be much of a longer timeframe to put those together. It's really addressing a rapid response environment that project would bring in thousands of jobs to the state. Two airplane pilots say what they called a guy in a jet pack was seen there their aircraft while they were approaching their runway at Los Angeles Airport way just past American 1997..
"bloomberg general motors" Discussed on Bloomberg Radio New York
"We hear from CFO Brian Gil vary they're all Kaylee still U. S. China tensions in terms of what direction the old price may go from here and beyond meat insiders a rush to exit despite solid results we'll hear from the company CEO we look at this short term volatility is more of a technical issue all this and more coming up in the next hour and I'm Ryan Curtis in Hong Kong here on this hour's top business stories and the markets mixed developments on the US China trade front the South China morning post is says that Washington and Beijing are set to sign a phase one deal in Chile on November seventeenth but then Reuters reported the deal might not be signed at that meeting even so that report said it doesn't mean that the talks have fallen apart it just means that more time is needed the trump administration is apparently moving to take direct control over where cars are made sources say the White House one specific language in the new U. S. M. C. a trade agreement that the U. S. struck with Canada and Mexico language that would allow the US to dictate how global auto companies make cars in order to qualify as duty free Bloomberg Sean don and says he sees US trade representative Robert lighthouses hand in all of this there is someone who for a long time has argued that trade agreements do too much to encourage producers to offshore production and and he wants the opposite he wants a trade agreement that encourages companies to invest in America and there's a lot of people who support that you the question is when it comes to aiming for that goal how interventionists you are in the corporate decisions is there's a level of comfort that a lot of people are not going to have with what Bob Lazar is talking about here done and also says auto makers and members of Congress are pushing back on what the White House is asking for and billionaires Paul Tudor Jones and Steve Cohen joined a growing number of hedge fund managers warning that the stock market with tank on the prospect of Elizabeth Warren presidency John saying down twenty five percent Colin down ten to fifteen percent and in the markets the hang sang index is down about a half of percent we're down six tenths of a percent in China global news twenty four hours a day live in a tech talk on Twitter powered by twenty seven hundred journalists and analysts in more than one hundred twenty countries in Hong Kong I'm Brian Curtis this is Bloomberg General Motors slash its earnings forecast for twenty nineteen saying the forty day labor strike by the United auto workers union cost the company around three billion dollars in profits this year Bloomberg David Westin spoke with the CFO in GM did the asserted a vara to discuss those strikes and third quarter results I would say the recorder is a very strong quarter the underlying business was very strong driven primarily by North America and where the trunks of the cross over so we sell today have been driving the earnings power of the company and obviously the strike had a significant impact was fifty two cents for the quarter and two dollars an EP is for the year but separating that out and looking at the underlying performance we remain strong what accounted for the success of the earnings in the third quarter was a product mix was at the trucks was the SUVs crossovers I think it was all of those and we are in the midst of for a full size truck launch and the light duties of already been launched and the heavy duties were in the process of launching and if you look at the performance since the beginning of the year were up eight points from a market share standpoint and we've done that but discipline and with record high transaction prices as well and all of that is certainly helping the earnings power the crossovers are performing really well they're up twenty nine percent year over year and GM financial is north for the as well where we're growing that business and it's been continuing favorite continuing to contribute to the profitability of the company do you refer to North America select China because GM has been historically pretty strong in China he had a tough quarter in China how much of that was the market was overall how much was specific to GM and what is going to take to turn that around China remains a volatile business and I would say that the impact has been felt in the industry volumes and pricing pressure and within that backdrop we saw from our new launches in Q. three and continuing into queue for some strength from a mixed standpoint and catalog is doing well in China as World War up eleven percent year over year and job we've also been running the business with a lot of cost discipline so the environment as you point out as fall until but within that more controlling everything that we can how much do you really believe that you're going to have headwinds because this year because of the strike results from a from a guidance standpoint we rolled out of guidance in January and if you look at the revised guidance for sharing today our guidance is consistent with that excluding the impact of the strike so we had a commitment to deliver six dollars and fifty cents to seven dollars in January and what we're doing today is adjusting that for two dollars worth of strike impact and as we go forward as we talked about earlier what's going to be relevant as the underlying go straight into the earnings for the business and that's what we're focused on as we move forward well in the early part of pens at least two things the strikes me one of them is costs and margins and the the settlement of with the UAW doesn't appear to have help on that but the others flexibility in production how did that trade off work for General Motors in the end as a cut the deal with you a W. Hey as we went into the into this process our focus was on getting an agreement that made sense for the workers as well as the business and we think this what this accomplishes that from a worker's standpoint they share in the success of the company and from a company standpoint a we retain our flexibility we've improved our capacity utilization and importantly our plan is to continue to offset the increased cost with productivity and the normal efficiencies and we would drive in the business every day so we would characterize this as having accomplish the objectives will from the employee perspective as well as a business standpoint I know do you have a long term estrogen plan with very bara how does this strike affect that it from what you just said it sounds like it's basically a break even that is to say you'll make up an increase costs by increased productivity or does it actually put General Motors ahead of where it was before when the negotiations a David I'd say were of executing our plan we laid out a plan for our souls in terms of strengthening the core business and investing in the future of mobility and making sure that we are driving an appropriate rate of return in every business that we participate in and that's what we're doing today and this is not going to change that we were aware of the fact that this is cyclical business so we do our downturn planning we ensure that we maintain an appropriate breakeven and the focus of we have today and going forward is to maintain all of that and execute our plan and you need the flexibility in part because of downturns ups and downs overall demand you also can you because you're going through a major transformation is the entire auto industry is into electric vehicles for example does this agreement allow you the flexibility you need to make a lectern vehicles which as I understand it require far fewer workers potentially than the traditional internal combustion engine vehicles we are very excited about the future of electric we believe in an all electric future and the investments that we've announced job recently there are testament to that between or or in plant and or a Detroit Hamtramck plant where we have talked about or better look to trucks and I think all of this goes towards ensuring that we're both putting the building blocks in place to win in the future of electrification and this agreement will continue to all of the laws to do that that was did yes Sir Univar a chief financial officer at General Motors coming up B. T. CFO Brian.
"bloomberg general motors" Discussed on WBZ NewsRadio 1030
"About the company's management workmanship and credibility we've ordered a third party independent evaluation to assess all work done on the company system NTSB chair Robert someone pointed out Massachusetts now requires an engineer to sign off on construction plans but thirty one states don't and senator ed Markey again called for the passage of a national pipeline safety bill its name billion Ron don who was killed in the disaster in Lawrence Karen regal WBZ Boston's news radio no guns on school property in Hempstead New Hampshire the school board they're adopting a policy prohibiting anyone other than law enforcement in school resource officers bringing guns on campus during school hours and during school sponsored activities the district already had rules against evidence and staff caring firearms state lawmakers have passed a bill this year that would have banned most guns from school grounds statewide but governor Sununu vetoed it under that legislation only police members of the military or those authorized by school boards would have been allowed to carry guns on to school property well the wait time to check business with Bloomberg General Motors workers will be going back to work the United auto workers union reports members have ratified a new contract with GM and it will end the six week strike that cost the company about two billion dollars some encouraging comments on trade from the office of the US trade representative were well received on Wall Street the key stock indexes posted gains that ranged from four tenths two seven tenths percent the Dow Jones industrials added one hundred fifty three points the nasdaq closed fifty seven points higher the S. and P. five hundred rose twelve shares of Intel rallied closing up eight percent after the chip maker issued an upbeat sales and profit forecast another shoe has dropped for Ford standard and poor's downgraded the automakers credit rating from triple B. to triple be minus and changed its outlook from stable to negative visa shares rose one percent the credit card company posted quarterly earnings the top forecasts I'm Jeff Bollinger Bloomberg business on WBZ Boston's news radio.
"bloomberg general motors" Discussed on WBZ NewsRadio 1030
"California is beginning to slow down officials warn the fire is still not contained as embers continue to burn county supervisor James gore spoke about their fears of high winds expected hit tonight we need them to make sure that they're putting out spot fires as embers get cast from this fire in any other fire they get started so we need maximum suppression of fire for this wind event that's coming up evacuations remain in place for residents as they continue to battle the blaze meanwhile millions of Californians are preparing to live in the dark again as the state's largest utility warned it may cut power for the third time in as many weeks because of looming strong winds and high fire danger in fact Pacific gas and electric is deciding today whether to black out about hate eight hundred and fifty thousand homes and businesses in dozens of counties for forty eight hours or longer throughout the San Francisco Bay Area wine country and Sierra foothills it is seven oh eight time now for some business news here's the latest from Bloomberg General Motors workers will be going back to work the United auto workers union reports members have ratified a new contract with GM and it will end the six week strike that cost the company about two billion dollars some encouraging comments on trade from the office of the US trade representative were well received on Wall Street the key stock indexes posted gains that ranged from four tenths two seven tenths percent the Dow Jones industrials added one hundred fifty three points the nasdaq closed fifty seven points higher the S. and P. five hundred rose twelve shares of Intel rallied closing up eight percent after the chip maker issued an upbeat sales and profit forecast another shoe has dropped for Ford standard and poor's downgraded the automakers credit rating from triple B. to triple be minus and changed its outlook from stable to negative these shares rose one percent the credit card company posted quarterly earnings the top forecasts I'm Jeff Bollinger Bloomberg business on WBZ Boston's news radio it is seven oh nine page book is launching a news section and we'll pay you publishers sign maybe sees Chuck see return without coming up sports on the way to are you ready for a better car buying experience take the drive to four ninety five four ninety five miles down the new for ninety five Mazda has new monsters with top quality service it's the only way to go Lisa twenty nineteen Mazda C. ex five sport with all wheel drive for one seventy nine a month for thirty six months for ten thousand miles per year with four thousand twelve down tax title and registration fees extra see dealer for details offer ends ten thirty one ninety four ninety five miles deck in Lowell and four ninety five monster dot com everyone drives at four ninety five you know the story of the three bears they all sold replacement windows you remember that right so Goldilocks goes up to the Big Bear and he tries to feed her a humongous pricing likely should invite she checked out that bear with the unusually low price.
Auto industry sees increase in employees
"Car industry, employees concern that robots will put them out of work. You don't have to worry for now of the thirteen publicly traded automakers eleven had more staff compared with urine twenty thirteen. That's according to data compiled by Bloomberg General Motors and Nissan were the exception shrinking their work workforce's. The car industry has three point one million employees eleven percent more than
Taxi ploughs into World Cup fans on Moscow sidewalk
"Thursday two hundred more friday drivers in custody after his taxi plowed into pedestrians in moscow as russia host the world cup correspondent matthew chance the driver then got out of the car and attempted to skate but he was captured by some of the pedestrians including some of the mexico fans who then held him until the authorities arrived and detained it the interfax news agency quotes sources who say the motorists fell asleep behind the wheel i'm ann cates and i'm susanna palmer from bloomberg world headquarters as we've been reporting china's response to us tariffs aims for america's heartland china said yesterday it will levy a first round of tariffs on thirty four billion dollars worth of us agricultural products as well as automobiles starting july sixth john hollier vanguards head of fixed income says investors should not overreact i think we've seen a number of times in the past six months headlines that impact the markets the equity markets and sense is that we really need to wait for the longer term negotiations that are going to determine the final complexion of this and we didn't kurds investors not to respond to day to day headlines china says another sixteen billion in goods including coal and oil will be subject to tariffs later federal prosecutors have indicted elizabeth homes on criminal fraud charges for allegedly defrauding investors doctors and patients as the head of the blood testing up there renaud's sources tell bloomberg general motors is considering listing shares of its self driving car unit cruise automation sources tell bloomberg rupert murdoch and the twenty first century fox board will consider on wednesday how to proceed with comcast sixty five billion dollar bid for the company center tournament assets the fox board agreed to sell the assets to walt disney last year the justice department plans to review agreements that determine how song writers are paid by radio stations or restaurants and streaming services bloomberg's greg jarrett reports machen bellwood him.