(Adds context, CEO and CFO comments from analysts call, related content links and PIX available) By John Benny and Allison Lampert Feb 14 (Reuters) - Canada’s Bombardier Inc topped analysts’ forecasts for quarterly earnings on Thursday, helped by its business jet unit, which benefited from demand for aftermarket services and higher-priced, large-cabin corporate planes, sending shares up 9.8 percent in early trading. The results come as the Montreal-based plane and train manufacturer nears the end of a five-year turnaround which followed a series of heavy investments aimed at launching two planes that drove the company to the brink of bankruptcy in 2015. The company is counting on its recently-launched Global 7500 business jet, which is sold-out through 2021, to help lift annual revenue by 10 percent this year and to over $20 billion by 2020. Still, quarterly revenue from Bombardier’s dominant transportation unit that makes rail cars and equipment, fell nearly 11 … [Read more...] about UPDATE 3-Bombardier earnings beat on demand for business jets
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‘Next Gen Is On’ with RTX: NVIDIA Opens CES with Launch of GeForce RTX 2060, 40+ Laptop Models
NVIDIA kicked off CES 2019 on Sunday night by outlining sweeping plans to put to work the radical new graphics technology of real-time ray tracing in gaming and content creation in a dizzying array of laptops and desktops. Speaking to a crowd of nearly a thousand attendees, NVIDIA CEO Jensen Huang announced the GeForce RTX 2060, which at $349 makes NVIDIA’s new Turing architecture accessible to tens of millions of PC gamers. “RTX is here, next gen is on,” said Huang, speaking to a packed house of press, partners and professionals from around the consumer electronics and automotive industries at the MGM Grand in Las Vegas. Huang’s unveiling of the RTX 2060 was the highlight of a flurry of announcements, including more than 40 new laptop models in 100+ configurations based on new Turing-generation GPUs, and new monitors packed with NVIDIA G-SYNC technology for silky smooth gaming. “For $349 you can enjoy next generation gaming,” Huang said to broad … [Read more...] about ‘Next Gen Is On’ with RTX: NVIDIA Opens CES with Launch of GeForce RTX 2060, 40+ Laptop Models
Mobile technology spurs on-demand deliveries to consumers at home
Bonnie McCurry just wants to relax after work. The 24-year-old tech designer at Under Armour might pick up groceries on her way to her Federal Hill home but then can avoid another stop for beer or wine by ordering on her iPhone using the Drizly app, which promises delivery within an hour.The last thing Curtis Rhoades wants to do after working all day is to fight traffic to stock up on trash bags and other household goods, so the 29-year-old Union Square resident orders such things from Amazon for delivery within two hours."I'm the kind of person, if I buy something, I want it then. I don't like waiting around for things," said Rhoades, a commercial electrician and part-time musician. "By the time I get off work and have time to do that stuff, it's rush hour and I don't feel like dealing with it. I'd rather pay someone than go to Wal-Mart."Once the realm of pizzas and mail-order sweaters from L.L. Bean, home delivery is not what it used to be. Today an ever growing array of products can … [Read more...] about Mobile technology spurs on-demand deliveries to consumers at home
Any NAFTA deal in principle would focus on auto rules: sources
OTTAWA (Reuters) - The United States, Canada and Mexico could soon announce a deal in principle to update NAFTA that would likely tackle the key issue of autos content while leaving other contentious chapters to be dealt with later, three sources familiar with the matter said on Tuesday. Canadian Foreign Minister Chrystia Freeland shakes hands with U.S. Trade Representative Robert Lighthizer as Mexican Economy Minister Ildefonso Guajardo looks on during a joint news conference on the closing of the seventh round of NAFTA talks in Mexico City, Mexico March 5, 2018. REUTERS/Edgard Garrido After more than eight months of slow-moving talks to update the North American Free Trade Agreement (NAFTA), Washington is keen to settle the process quickly, citing the need to finish before Mexico’s July 1 presidential election. The ministers in charge of the talks are due to meet in Washington this week. If all goes well, the leaders of the three nations could make an announcement about … [Read more...] about Any NAFTA deal in principle would focus on auto rules: sources
Trump said to soften on NAFTA regional car content
Eric Martin and Josh Wingrove, Bloomberg Published 4:21 p.m. ET April 4, 2018 | Updated 4:21 p.m. ET April 4, 2018 The Trump administration has softened a key NAFTA demand for more North American content in car manufacturing – a potential olive branch on arguably the biggest sticking point as the U.S. pushes to reach a stopgap deal this month, according to three people familiar with the talks. The U.S. proposal would distinguish between different NAFTA car parts by grouping them into five categories, some of which would have a lower requirement for North American content or none at all, said the people, who spoke on condition of anonymity because they’re not authorized to discuss the negotiations publicly. While the U.S. had been pushing for 85 percent of all vehicles to be sourced from the three NAFTA countries, its latest proposal would apply that threshold to major components such as transmissions and engines but not to the simplest inputs like nuts and bolts, the … [Read more...] about Trump said to soften on NAFTA regional car content