Warren Buffett’s Geico Joins Rivals in Tracking Drivers
Geico has launched a telematics offering, called DriveEasy, in certain states, Credit Suisse Group AG analyst Mike Zaremski said in a research note July 31. A phone app tracks driving habits and gives individuals a score and tips, according to Geico’s website.
July 30, 2019Farm Suppliers Absorb Trade, Weather Blows Better Than Expected
So far, the unprecedented trade and weather disruptions that are roiling American farmers aren’t stopping their suppliers from raking in profits.
July 30, 2019Eaton’s Net Income Increases 4.1% in 2Q
Power management company Eaton Corp. reported net income of $636 million in the second quarter ended June 30, up 4.1% from $611 million in the same quarter in 2018.
July 30, 2019Data Show China Lags in Purchase of US Soybeans
In a tweet July 30, President Donald Trump scolded China for what he said was a failure to follow through on promises to boost agriculture trade.
July 30, 2019Cummins Reports Record Revenue in 2Q
Cummins Inc. reported $675 million in net income for the second quarter ended June 30, a 23.8% increase from the second quarter of 2018.
July 30, 2019Musk’s Tweets About Tesla Production Raise Questions on SEC Accord
Elon Musk tweeted a Tesla Inc. production number that the company hadn’t communicated previously, presenting the first test case of whether his April settlement with securities regulators has made him more disciplined on social media.
July 30, 2019Virginia DOT Outfits Snowplows With Tracking Technology
In preparation for winter weather, the Virginia Department of Transportation has started to equip snowplows with tracking devices throughout the state.
July 30, 2019BP Bucks Trend of Big Oil Earnings Misses as Output Rises
BP bucked the trend of disappointing oil and gas earnings, beating expectations and increasing its cash flow as higher production offset the effect of lower energy prices.
July 30, 2019Tesla to Pay China $323 Million a Year in Tax for Factory Site
Tesla Inc. agreed to pay China 2.23 billion yuan ($323 million) in tax every year as part of a deal with local authorities to build an electric vehicle factory on the outskirts of Shanghai.
July 30, 2019Consumer Spending, Incomes Post Solid Gains in June
Consumer spending rose a healthy 0.3% in June, slightly below the strong gains of the past three months, while incomes turned in a solid 0.4% gain for the fourth straight month.
July 30, 2019