Sections SEARCH Skip to content Skip to site index Technology Subscribe Log In Log In Today’s Paper Technology | Uber’s Stock Disappoints, Capping a Rocky Path to Its I.P.O. Advertisement Supported by ByMike Isaac May 10, 2019 Over the past decade, Uber changed urban transportation, disrupted entrenched taxi industries, defied regulators the world over and beat back questions about how it was altering the nature of work. On Friday, it was tamed by Wall Street. The ride-hailing giant’s first day of trading on the New York Stock Exchange began with a drop from its initial public offering price of $45, and its stock closed down 7.6 percent. By the end of Friday, Uber’s market capitalization, accounting for stock options and restricted stock, stood at $76.5 billion — barely above the $76 billion that private investors pegged it at in August. Uber’s Share price Change … [Read more...] about Uber’s Stock Disappoints, Capping a Rocky Path to Its I.P.O.
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How Oakland Co.’s Orthodox Jewish enclave became epicenter for measles
Kristen Jordan Shamus Detroit Free Press Published 6:01 AM EDT Apr 14, 2019 It was a traveler from Israel, state health officials say, who unknowingly brought the measles to Oakland County in early March, and sparked what has become the largest measles outbreak in Michigan in 28 years. Before he came to visit an Orthodox Jewish enclave in Southfield and Oak Park, the man spent some time in New York, where an unrelated and fast-spreading measles outbreak among mostly unvaccinated children led the mayor last week to declare a state of emergency. Once he got to Michigan, the man spent his time at Jewish synagogues and institutions to pray and study every day from March 6-13, unaware that he was spreading the virus along the way. The disease has an incubation period of seven to 21 days after exposure, according to the U.S. Centers for Disease Control and Prevention, and a person can be … [Read more...] about How Oakland Co.’s Orthodox Jewish enclave became epicenter for measles
How important are Alfa Romeo, Maserati to Fiat Chrysler’s future? Very
Eric D. Lawrence Detroit Free Press Published 10:00 p.m. UTC Jun 6, 2018 Fiat Chrysler Automobiles had an ambitious plan in 2014 to bring Alfa Romeo back to the United States and sell 400,000 of the vehicles worldwide by this year. Those numbers did not pan out, but that might not be surprising for a brand that sold only 66,000 vehicles that year and had not been part of the U.S. market for decades. As FCA CEO Sergio Marchionne and company look to the future, the 400,000-a-year vehicle goal remains in play, but they now say that will happen by 2022. To ease the way, Alfa plans to launch a supercar, boost its electric offerings, add mid-level autonomous-driving features and give its celebrated Stelvio SUV a larger sibling. The brand known best in the United States for a fiery red lineup — other colors are available — of Giulia sedans, Stelvios and 4C two-seaters has grown enough to become a central part of the next five-year plan for the Italian-American … [Read more...] about How important are Alfa Romeo, Maserati to Fiat Chrysler’s future? Very
Howes: A glimpse of GM’s future – Amazon junk in trunk
Two days after General Motors Co. announced a partnership with Amazon.com Inc. to deliver the online retailer’s packages to more than seven million GM vehicles, CEO Mary Barra fielded a question from a prominent Wall Street analyst. “You have 100 million cars on the road, more or less,” said Adam Jonas of Morgan Stanley & Co. “Amazon is going to spend about $60 billion this year on shipping and fulfillment, and you can really help them solve a major pain point for them in their customers and logistics. “First, is this not just the tip of the iceberg in the ways that GM can work with Amazon on logistics and customer experience? I mean, this can be a lot more than just Amazon putting their junk in GM’s trunk, right, Mary?” The consummate diplomat parried the “junk in the trunk” riff before delivering her money quote: “There’s much more opportunity with Amazon and others,” Barra said, according to a transcript of … [Read more...] about Howes: A glimpse of GM’s future – Amazon junk in trunk
Why Ferrari’s shareholders won’t let them leave Formula 1
Recently Formula 1’s new management has revealed their proposals for the future of the sport, including a new engine specification from 2021 onwards. Several of the current and potential future manufacturers have voiced their opinions. Not surprisingly Ferrari has been very vocal, and have – once again – threatened to leave the sport entirely. In a conference call with analysts, the Chairman and CEO of Ferrari Sergio Marchionne said he was unimpressed with some of the changes that Liberty is proposing. Marchionne apparently said that walking away from Formula 1 would be a good thing for Ferrari’s shareholders. “It would be totally beneficial to the P&L”, he said. “We would be celebrating here until the cows come home.” This isn’t the first time Ferrari has threatened to leave the sport, in fact it’s become something of a regular cycle that Formula 1 finds itself in. Almost anytime changes are proposed in the sport that … [Read more...] about Why Ferrari’s shareholders won’t let them leave Formula 1