Brandon Clarke with an alley oop vs the Minnesota Timberwolves
Brandon Clarke (Memphis Grizzlies) with an alley oop vs the Minnesota Timberwolves, 01/13/2021
SILVER SPRING, Md. — General Motors is teaming up with Microsoft to accelerate its rollout of electric, self-driving cars. In the partnership announced Tuesday, the companies said Microsoft’s Azure cloud and edge computing platform would be used to “commercialize its unique autonomous vehicle solutions at scale.” Microsoft joins General Motors, Honda and other institutional investors in a combined new equity investment of more than $2 billion in Cruise, bringing its valuation to about $30 billion. Cruise, which GM bought in 2016, has been a leader in driverless technology and got the go-ahead from California late last year to test its automated vehicles in San Francisco without backup drivers. “Microsoft is a great addition to the team as we drive toward a future world of zero crashes, zero emissions and zero congestion,” said GM Chairman and CEO Mary Barra. “Microsoft will help us accelerate the commercialization of Cruise’s all-electric, self-driving vehicles and help GM realize even more benefits from cloud computing as we launch 30 new electric vehicles globally by 2025 and create new businesses and services to drive growth.” General Motors has been aggressively revamping its image, saying the industry has reached a history-changing inflection point for mass adoption of electric vehicles. The 112-year-old Detroit automaker this month unveiled a new corporate logo to signify its new direction as it openly pivots to electric vehicles. It wants to be seen as a clean vehicle company, rather than a builder of cloud-spewing gas-powered pickups and SUVs. GM scrapped its old square blue logo for a lower case gm surrounded by rounded corners and an ‘m’ that looks like an electrical plug. Shares in GM jumped more than 8% in early trading, to $54.07. Matt Ott, The Associated Press
Walser Automotive Group and PICO Venture Partners announce the launch of FUSE Autotech, an automotive finance management platform.
Willie Kirk has urged his Everton players to build on their thumping 4-0 win over Bristol City as they look to chase down the top three in the Barclays FA Women’s Super League.
East Midnapore [India], January 19 (ANI): Newly-inducted Bharatiya Janata Party leader Suvendu Adhikari on Tuesday said at a public rally that West Bengal Chief Minister Mamata Banerjee should get a letter pad ready with "former chief minister" written on it after the assembly elections.
Green will be responsible for strategy and operations of the life sciences practice which serves medical device, pharmaceutical and biotech companies.
CHARLOTTE, N.C. — Bank of America’s fourth-quarter profits fell 18% from a year ago, as lower interest rates weighed down its results. However the bank was able to release more than $800 million from its credit reserves, a sign that it sees the U.S. economy improving in the coming months. The North Carolina-based bank said Tuesday that it earned a profit of $5.47 billion, or 59 cents a share, down from $6.99 billion, or 74 cents per share, in the same period a year earlier. Analysts were expecting BofA to earn 56 cents a share, according to Zacks Investment Research. Like its Wall Street competitors, Bank of America was able to release hundreds of millions of dollars from its loan-loss reserves — money the bank had set aside earlier in the pandemic to cover loans that might be now be unpayable. But as the economy has relatively improved, banks have been able to free up some of those reserves. In the quarter, BofA released $828 million from its credit reserves. This type of release goes straight to a bank’s bottom line, but it’s largely because the money was moved out of an escrow-like account and was now free to be used again. Low interest rates were the biggest drag on BofA’s results compared to last year. The Federal Reserve sharply cut rates once the pandemic hit. Bank of America’s balance sheet is heavily weighted toward short-term interest rates, so it was hit harder than the rest of its competitors. Interest revenue in the quarter dropped from $12.14 billion to $10.25 billion. In a separate release, Bank of America's board of directors announced the bank would buy back $2.9 billion worth of stock in the upcoming quarter as well as pay a quarterly dividend of 18 cent per share. Share buyback had been on hold through much of last year when the Federal Reserve required all large banks to hold onto cash to brace for the economic downturn caused by the pandemic. Ken Sweet, The Associated Press
The United States says it has placed visa restrictions on unnamed Tanzanian officials who it says were “responsible or complicit in undermining” the country’s election last year. A statement by Secretary of State Mike Pompeo asserts that the officials contributed to the “downward trajectory of the country’s democracy” and that the U.S. “will not hesitate to take additional actions.” The October election in the East African country was marred by violence against opposition leaders, internet disruptions and widespread allegations of vote-rigging, and the U.S. says the vote was “neither free nor fair.”
Scott Parker says his Fulham side are no longer the "laughing stock" of the Premier League as they prepare to face leaders Manchester United. Having been relegated after only winning seven games across their last Premier League season, a poor start to this campaign - when they went six games without a win - had people writing off the Cottagers immediately. There have still only been two League wins this season, though one came at high flying Leicester while Parker's side have also taken points from Liverpool, Tottenham and Southampton in recent weeks and could well have got something against Chelsea last week.
Shares of Stellantis (NYSE: STLA) opened sharply higher on Tuesday, the company's first day of trading in the U.S. Stellantis, the company formed from the merger of French automaker PSA Peugeot with Fiat Chrysler Automobiles. As of 11 a.m. EST, Stellantis's U.S.-traded shares were up about 11.4% compared to Fiat Chrysler's final closing price on Friday. It's a done deal: Fiat Chrysler and PSA have merged to create the world's fourth-largest automaker.
Figures suggest 21% of primary school pupils and 5% of secondary school students attended classrooms.
Lumentum Holdings will spend $5.7 billion in cash and stock to buy Coherent and expand its reach into lasers and photonics. The San Jose, California, company said Tuesday that it would pay a 49% premium to the closing price of Coherent shares on Friday. The deal includes $100 in cash and slightly more than one share of Lumentum for each Coherent share. Shares of Coherent jumped 34% after markets opened Tuesday, while Lumentum’s stock fell more than 10%. Santa Clara, California-based Coherent Inc. provides lasers and laser-based technology for scientific, commercial and industrial uses. Lumentum said the deal will help speed its push into the market for lasers and photonics outside of communications and 3D sensing applications. The deal still needs approval from regulators and shareholders of both companies. Lumentum and Coherent expect it to close in the second half of the year. Coherent’s stock price jumped more than $52 to $204.12 Tuesday morning, while broader indexes rose less than 1%. Shares of Lumentum fell $11.36 to $94.96. The Associated Press
A growing groundswell of youth unrest, tapping into a well of economic frustration, is sweeping Tunisia and worrying its leadership all the way to the top. For the fourth consecutive day, they have taken to the streets in violent demonstrations across the country of 11.7 million -- from the capital of Tunis, to the cities of Kasserine, Gafsa, Sousse and Monastir. The protests have led to a muscular response from authorities who fear a repeat of the protests that led to the ousting of strongman President Zine al-Abidine Ben Ali 10 years ago.
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On Donald Trump's last full day in office, the president could issue a number of pardons while Democrats prepare for Joe Biden's inauguration.
Russell Crowe said it's "definitely an adults movie" when firing back at singer-songwriter Robert Ian McNabb
RRSP investors can appreciate cheap Canadian dividend stocks like Enbridge Inc. (TSX:ENB)(NYSE:ENB) while they're still depressed. The post RRSP Investors: 3 Cheap Canadian Dividend Stocks to Buy Today appeared first on The Motley Fool Canada.
Contrary to previous research, there is no ‘plateau’ at which the importance of money to happiness begins to ‘level off’.
Antony Blinken, President-elect Joe Biden's nominee to be secretary of state, faces lawmakers Tuesday as his confirmation hearing gets underway.
The nature of the sphinx moth: 'it uses its big-ass tongue to get this guy pollinated'. ‘The task was to change intellectual passion to physical energy and some sort of narrative mastery, from a standing start’
Never too late: 'I was one of the oldest ones there, and I also had no hair. But it was wonderful'After 30-year career in the public service, Allison Barnes enrolled in art school, where she found ‘a different place in the world’