Volkswagen CEO Herbert Diess praised Elon Musk for showing that electric cars are capable of competing with vehicles powered by fossil fuels. Volkswagen has announced plans to invest €30 billion (US$33 billion) to electrify its entire product lineup over the next four years.
Taylor Swift's three-song concert launched the 11th annual Singles' Day and it took 68 seconds for sales to hit US$1 billion and just 30 minutes to reach US$10 billion in sales.
"An outstanding leader, visionary and champion for high-quality, affordable health care for all Americans, Bernard was a tireless advocate for Kaiser Permanente, our members and the communities we serve. Most importantly, Bernard was a devoted husband, father and friend. We all will miss his tremendous presence in our lives."
Uber revealed it lost US$1.01 billion in the third quarter, which was a lot less than the US$5 billion the quarter before, and it remains a loss-making public company whose growth is slowing.
The decision to give the workforce five consecutive Fridays off on full pay in August saw sales rise by nearly 40%, electricity consumption drop by 23.1% and employees printing 59% fewer pages of paper.
The 52-year-old CEO's salary was tied to McDonald's share price. It peaked in 2017 at US$21.8million, including US$9.1million in incentive-based pay. He received US$15.9million in total compensation last year.
Saudi Aramco CEO Amin Nasser said the world’s largest oil firm was still the most reliable oil company globally despite being attacked in September. It earned US$68 billion for the nine-month period that ended September, recording a revenue of US$244 billion and a free cash flow of US$59 billion.
The remaining Barneys stores, including the flagship business in Madison Avenue, New York, will join the 15 of 22 already shut after Barneys New York went into bankruptcy. Only the Boston store may remain.
Apple has always been associated as a premium brand with premium products and higher prices than its rivals. As a world leader in design and technological products, Apple TV Plus seems to step outside those pricing parameters.
Apple earned a record US$64 billion in revenue in the fourth quarter. Although iPhone sales fell 9% year-on-year, service revenue hit a record high of US$12.5 billion.