Top News & Analysis Phoenix

  • LOS ANGELES, June 23- Disney's domination over the box office only seemed to strengthen this weekend as "Toy Story 4" easily topped box office charts. The fourth entry in Pixar's animated series collected $118 million in ticket sales when it debuted in 4,575 North American theaters. Overseas, "Toy Story 4" picked up $120 million from 37 international territories...

  • Congress is on the cusp of passing retirement reform legislation that will open 401 plans to annuity products which guarantee lifetime income, alongside the more typical offerings of mutual funds, target-date funds and bonds. At that point, they might take $100,000 or so from the sale of a house or a business and plunk some of it down on an annuity policy that will...

  • LOS ANGELES, June 16- Hollywood seems to be coming down with a contagious case of franchise fatigue this summer, as "Men in Black: International" and "Shaft" become the latest sequels largely dismissed by moviegoers in North America. The latest entry, toplined by Tessa Thompson and Chris Hemsworth, wasn't expected to reach the same heights as the original films...

  • WASHINGTON, June 12- Uber Technologies Inc unveiled its newest Volvo self-driving car in Washington on Wednesday as it works to eventually deploy vehicles without drivers under some limited conditions. Uber Advanced Technologies Group chief scientist Raquel Urtasun showed off the company's artificial intelligence technology that allows it to drive...

  • WASHINGTON, June 12- Uber Technologies Inc on Wednesday unveiled its newest Volvo self-driving car in Washington as it works to eventually deploy vehicles without drivers under some limited conditions. Uber Advanced Technologies Group chief scientist Raquel Urtasun showed off the company's artificial intelligence technology that allows it to drive...

  • WASHINGTON, June 12- Uber Technologies Inc on Wednesday will unveil its newest Volvo self-driving car in Washington as it works to eventually deploy vehicles without drivers under some limited conditions. Uber said the new production XC90 will be assembled by Volvo Cars in Sweden and have human controls like steering wheels and brake pedals, but added it has...

  • Young women pose in front of the New York City skyline in Brooklyn, New York.

    In New York City, you need to earn six figures.

  • FRANKFURT, May 27- Italian-American carmaker Fiat Chrysler on Monday proposed a merger of equals with France's Renault in a deal that could create the world's third-biggest carmaker and trigger a fresh round of industry consolidation. February 2018- Geely's chairman Li Shufu revealed he had bought a 9.69% stake in Mercedes-Benz parent Daimler, worth around...

  • San Diego- based startup TuSimple said its self-driving trucks will begin hauling mail between USPS facilities in Phoenix and Dallas to see how the nascent technology might improve delivery times and costs. "The work with TuSimple is our first initiative in autonomous long-haul transportation," USPS spokeswoman Kim Frum said. TuSimple and the USPS declined...

  • By Chris Kahn and Tracy Rucinski. NEW YORK/ CHICAGO, May 15- U.S. fliers still consider ticket prices the most important factor when choosing a flight, according to a Reuters/Ipsos poll, suggesting two fatal crashes of Boeing Co 737 MAX jets have had little impact on consumer sentiment. In the public opinion poll released May 15, only about half of U.S. adults say they...

  • WASHINGTON, May 14- Walmart Inc is stepping up its battle with Amazon.com Inc by offering one-day delivery without a shipping fee, weeks after Amazon announced a similar offer- a move that will intensify the race to deliver orders to shoppers faster. On April 25, Amazon said it plans to deliver packages to members of its loyalty club Prime in just one day and expects...

  • BEIJING/ WASHINGTON, May 11- China and the United States have agreed to hold more trade talks in Beijing, Vice Premier Liu He said as U.S. President Donald Trump ordered his trade chief to begin the process of imposing tariffs on all remaining imports from China. Liu voiced a measured optimism on reaching a deal, but said there were "issues of principle" on which China...

  • BEIJING/ WASHINGTON, May 11- China and the United States have agreed to hold more trade talks in Beijing, Vice Premier Liu He said as U.S. President Donald Trump ordered his trade chief to begin the process of imposing tariffs on all remaining imports from China. Liu voiced a measured optimism on reaching a deal, but said there were "issues of principle" on which China...

  • SAN FRANCISCO/ BENGALURU, May 7- Ride services company Lyft Inc forecast that its losses would peak this year as it controlled expenses and got more revenue from each customer, posting a $1.1 billion quarterly loss on Tuesday, days ahead of rival Uber's IPO. "We are encouraged by our strength of our core business and see a clear path to profitability in ride sharing,"...

  • May 7- Lyft Inc on Tuesday forecast that 2019 would be the peak year for losses after the ride service company lost $1.1 billion in its first quarter, just days ahead of rival Uber's IPO. An outlook for second-quarter revenue of $800 million to $810 million was ahead of analysts' expectations of $783.1 million. Atlantic Equities analyst James Cordwell called the...

  • Lyft, which says it has nearly 40% of the U.S. ride-hailing market, said increased demand helped push revenue to $776 million in the quarter, up 95% from a year earlier and above analysts' average estimate of $739.4 million, according to IBES data from Refinitiv. An outlook for second-quarter revenue of $800 million to $810 million was ahead of analysts'...

  • PHILADELPHIA, United States- Federal Reserve Bank of Philadelphia issues Non-manufacturing Business Outlook Survey for April- 1230 GMT. LONDON- British Finance Minister Philip Hammond speaks to lawmakers on parliament's Treasury Committee about the Spring Statement budget update he announced in March- 1315 GMT. STOCKHOLM Riksbank to hold monetary...

  • March 15- Wall Street's main indexes hit session highs on Friday, in broad based gains led by technology stocks, as sentiment was lifted by an upbeat note in trade talks between the United States and China. China's state-run news agency said Washington and Beijing were making further substantive progress on trade talks. Chipmakers, which get a large portion of...

  • March 5- Uber Technologies Inc is not criminally liable in a March 2018 crash in Tempe, Arizona, in which one of the company's self-driving cars struck and killed a pedestrian, prosecutors said on Tuesday. The Yavapai County Attorney said in a letter made public that there was "no basis for criminal liability" for Uber, but that the back-up driver, Rafaela Vasquez,...

  • NEW YORK, Feb 22- JPMorgan Chase& Co is tearing down walls and moving its San Francisco investment bankers onto "hot desks," a space-saving layout that has long been a fixture at tech companies, while redesigning offices in Dallas and other cities. When JPMorgan renovated two floors at its Mission Street office in San Francisco last month, it replaced many offices...