Jump-started by tax incentives, General Motors' autonomous vehicle program - er, "personal mobility" initiative - ratcheted up another gear yesterday with an announcement that it would invest $14 million in a new R&D facility in San Francisco and add 1,100 jobs to its Cruise Automation division.
"Google, how can a clever idea go wrong?"
Rachel Whetstone, who has steered Uber CEO Travis Kalanick through a series of S-turn crises since joining the company from Google as global head of public policy and communications nearly two years ago, yesterday became its latest senior executive to resign. Her deputy, Jill Hazelbaker, will succeed her.
Should you be on a social media sabbatical, United Airlines has once again ignited the twitterverse with a decidedly unfriendly action against a passenger Sunday. It then followed through with tone-deaf responses to the situation from the CEO down.
More than 200 Victoria Beckham for Target items went on sale online and in the aisles yesterday with a big boost from fashion writers who somehow got an advance peek at the collection and are eager to reveal their top picks to the rest of us. Even Beckham herself - reluctantly, of course - got into the game of singling out favorites.
Unilever announced yesterday that it would stay unified, squelching rumors that an intense review after it fended off a takeover bid from Kraft Heinz would lead to its splitting into two companies. Instead, it will sell off its venerable margarine and spreads business, slash costs and initiate a share buyback of EUR5 billion.
Jeff Bezos said yesterday that he is selling about $1 billion in Amazon stock every year to fund Blue Origin, the commercial space venture that expects to put paying passengers in orbit by 2018. Bezos spoke to reporters in front of his company's exhibit at the 33rd Space Symposium in Colorado Springs, where he also showed off a mock-up of the capsule that will hold the crew and gawkers.
McDonald's served up another change in its management ranks yesterday with three top executives - including U.S. CMO Deborah Wahl - leaving. Morgan Flatley, who has been CMO for global nutrition at PepsiCo and has long been associated with its Gatorade brand, will replace her, reporting to U.S. president Chris Kempczinski.
Would you like some mustard on that? If so, Reckitt Benckiser has got a deal for you. Fresh off its announced $16.6 acquisition of U.S. baby-formula-maker Mead Johnson, the global consumer products company based in Berkshire, England, is thinking about selling its foods business, which is best known for French's mustard and Frank's Red Hot sauces.
Tesla bested analysts' expectations for its first quarter in style, it announced Sunday, with a 69% increase in deliveries over Q1 2016. More than 25,000 vehicles wound up in the grip of customers - 13,450 of its top-of-the-line Model S and about 11,550 Model Xs, it said, a new record for quarterly. The Q1 production totaled 25,418 vehicles, also a new quarterly record.