Latest in Investment Gm’s Cruise
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Here’s how big a hit Microsoft is taking on its investment in GM’s Cruise
Microsoft warned investors it will book an impairment charge in its fiscal second quarter related to its investment in GM’s Cruise robotaxi unit back in 2021.MarketWatch - 9h -
Microsoft to Incur $800 Million Charge Tied to Cruise Robotaxi
Microsoft said it will record an $800 million impairment charge tied to its minority investment in General Motors’ now-scrapped Cruise robotaxi program.The Wall Street Journal - 10h -
GM to Shut Down Its Cruise Robotaxi Project
The company said it would now focus its efforts on developing fully autonomous vehicles for personal use.The New York Times - 14h -
GM Ends Cruise Robotaxi Efforts and Steers Its Self-Driving Tech to Passenger Cars
The Detroit auto giant says it’s halting its investment in Cruise’s robotaxi project at $4.4 billion, and integrating its technology into its own vehicles’ autonomous driving features.Inc. - 18h -
General Motors Scraps Cruise Robotaxi Program
Carmaker cites competition, time and costs needed to scale the business.The Wall Street Journal - 1d -
GM to retreat from robotaxis and stop funding its Cruise autonomous vehicle unit
General Motors says it will retreat from the robotaxi business and stop funding its money-losing Cruise autonomous vehicle unitABC News - 1d -
General Motors Cuts Funding to Cruise, Nixing Its Robotaxi Plan
The automaker has sunk billions into making a self-driving car service work. Now it says it will focus on “personal” autonomous vehicles instead.Wired - 1d -
Haslam backs Stefanski, GM; will look at all else
Although Browns owner Jimmy Haslam expressed support for Kevin Stefanski and Andrew Berry, he told ESPN that the team's struggles at quarterback are something he plans to look after the season.ESPN - 5h -
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GM shuts down robotaxi project to focus on autonomous vehicles
General Motors (GM) said Tuesday that it will no longer fund the development of robotaxis and instead focus on creating fully autonomous personal vehicles. Cruise, GM’s self-driving car ...The Hill - 17h -
GM gives up on loss-making Cruise robotaxi business
STORY: General Motors is giving up on its Cruise robotaxi business. The auto giant said Tuesday that it would end development at the loss-making unit, which had once been a top priority. GM said ...Yahoo Sports - 1d -
GM exits robotaxi market, will bring Cruise operations in house
General Motors will no longer fund its Cruise division's robotaxi development, effectively pulling out of the market.CNBC - 1d -
How GM’s self-driving strategy is evolving as it gives up on Cruise business
General Motors has bailed on its Cruise robotaxis, citing the amount of time and money needed to scale the business and an “increasingly competitive” market for autonomous vehicles.MarketWatch - 1d -
GM to stop funding troubled Cruise autonomous vehicle unit
General Motors says it will move away from the robotaxi business and cease funding its money-losing Cruise autonomous vehicle division that originated as a San Francisco start-up.CBS News - 1d -
Investing in America
The third annual FT-Nikkei Investing in America report looks at how overseas companies are negotiating the newly uncertain investment climate in the USFinancial Times - 1d -
New rules sharpen investment focus on modern slavery
EU human rights directive adds to US laws on forced labour — but uncertainty surrounds Trump administration’s stanceFinancial Times - 3d -
Short-handed Grizzlies cruise to 140-112 win over Wizards
Jaren Jackson Jr. scored 21 points, Scotty Pippen Jr. had 14 points and 12 assists and the short-handed Memphis Grizzlies romped to a 140-112 victory over the Washington WizardsABC News - 3d -
Leinster spark into life and cruise past Bristol
Leinster begin their pursuit of a fifth Investec Champions Cup crown with a ruthless second half display to claim a bonus-point victory over Bristol Bears at Ashton Gate.BBC News - 3d -
‘Moana 2’ cruises to another record weekend and $600 million globally
“Moana 2” remains at the top of the box office in its second weekend in theaters as it pulled in another record haulABC News - 3d -
Why Disney Is Plowing Cash Into a Cruise Line Expansion
The entertainment titan plans to launch seven new cruise ships by 2031, looking to overseas markets far from theme parks.The Wall Street Journal - 3d -
As South Korean investment grows, so do ‘Koreatowns’
Companies such as Samsung, Hyundai and LG have helped bring Korean culture to unexpected corners of the USFinancial Times - 3d -
Saints cruise past Castres to claim bonus point
Northampton Saints kick-start their Investec Champions Cup campaign with a comfortable bonus-point victory over Castres at a blustery Franklin's Gardens.BBC News - 4d -
This investment is cheaper and better than mutual funds
Opponents shouldn’t block 403(b)s from purchasing collective investment trustsMarketWatch - 4d -
GM: A's sought 'statement' with Severino deal
With the A's planning to play the next three years in West Sacramento, GM David Forst said the team "wanted to make something of a statement" in signing Luis Severino to a $67 million contract.ESPN - 5d -
GM loses its golden goose in China
With a slowing market fuelling a price war between local brands, the party for foreign carmakers looks over for nowFinancial Times - 6d -
Manchester City back to winning ways as they cruise past Nottingham Forest
. Manchester City snapped out of their downward spiral as they roared back into life with a convincing 3-0 victory over Nottingham Forest.. Goals from Bernardo Silva, a rejuvenated Kevin De Bruyne ...The Guardian - Dec. 4 -
Mexico's Senate votes to charge cruise ship passengers $42 per head for port calls
Mexico's Senate has voted to charge cruise ship passengers $42 per head for port calls, drawing sharp criticism from the tourism industryABC News - Dec. 4 -
GM takes more than $5bn charge against China businesses
Move lays bare declining future in what was once the US carmaker’s largest marketFinancial Times - Dec. 4 -
GM expects more than $5 billion impact from China restructuring
General Motors expects a restructuring of its joint venture operations with SAIC Motor Corp. in China to cost more than $5 billion.NBC News - Dec. 4 -
Sovereign investment dispute resolution is broken
(for everyone except the lawyers, naturally)Financial Times - Dec. 3 -
GM recalls 132K pickups for tailgates that can open unexpectedly
General Motors is adding over 132,000 heavy-duty pickups in the U.S. to a previous recall for tailgate release switches that can short circuit and open the gates while the trucks are in park.CBS News - Dec. 3 -
Travel Tuesday deals are here — 5 tips for booking the best flights, cruises and other discounts
What to know about Cyber Week’s latest sales event, which is supposed to be the Black Friday or Cyber Monday of travel deals.MarketWatch - Dec. 3 -
Visiting Europe's Christmas markets? Here's how to do it — via a river cruise
A river cruise is a convenient way to explore some of the oldest and most famous Christmas markets in Europe, writes contributor Penny Sadler.CNBC - Dec. 2 -
Bears sticking with GM; will lead coaching search
The Bears are sticking with general manager Ryan Poles, who will serve as the "point person" for the team's search for a new head coach.ESPN - Dec. 2
