Business Highlights
[...] it's the vision of Anthony Levandowski, a robot-loving engineer, who is convinced autonomous big rigs on the road will help with a safer transportation system.
[...] the company's success hinges on the United States, where it has no brand name recognition and faces an uphill battle with perception about security issues.
Housing starts climbed 6.6 percent to a seasonally adjusted annual rate of 1.17 million units, the Commerce Department said Tuesday.
The increase makes up for much of March's 9.4 percent drop in starts, a decline that partially reflected the volatile swings in residential construction on a monthly basis.
WASHINGTON (AP) — U.S. consumer prices jumped in April by the largest amount in more than three years, reflecting a surge in the price of gasoline and other energy products.
ATLANTA (AP) — Home Depot topped expectations for the first quarter thanks in part to mild weather and the company, riding a strong rebound in housing, lifted its outlook for the year.
In its most recent report, the Standard & Poor's/Case-Shiller 20-city home price index rose 5.4 percent and the National Association of Realtors' seasonally adjusted pending home sales index rose 1.4 percent to 110.5, the highest level since May 2015.
The sudden departure of Chairman and CEO Renaud Laplanch came after an internal review determined that its business practices were violated with the sale of $22 million in loans, made to people with sketchy credit scores, to a single investor.
Mark Tritton was president of Nordstrom Product Group where he oversaw the merchandising, design, manufacturing, marketing and omnichannel distribution of more than 50 private-label brands across Nordstrom's full-price and off-price portfolio.
In his new role, Tritton will oversee buying, product design and development, sourcing, visual merchandising strategy and merchandising transformation for the retailer.
LAS VEGAS (AP) — The co-CEO of W