America’s taste for pricey automobiles hit its stride in April amid low gasoline prices and favorable lending terms, with buyers paying on average hundreds of dollars more for a light vehicle than in the same period a year ago.
Tesla faces lots of competitors and rival technologies in the budding market for electricity storage, but a key challenge will be driving down the price of Tesla’s ‘power walls.’
Daniel Loeb’s Third Point has built a “significant” position in KFC and Pizza Hut parent Yum Brands, based on optimism in its growth potential in China.
U.S. transportation regulators issued new rules for railroads hauling crude oil and ethanol requiring trains to be equipped with new brake systems.
Iowa Gov. Terry Branstad has declared a state of emergency due to a bird flu outbreak that is forcing farms to kill affected chickens and turkeys.
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