Lockheed Martin intends to acquire rocket engine and spacecraft propulsion maker Aerojet Rocketdyne in a deal that values the company at $4.6 billion. "This is clearly a vertical integration play
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Chevy Chase recreates 'Christmas Vacation' scene in new Ford Mustang Mach-E ad
Comedian Chevy Chase is reprising his role as Clark Griswold from the film "National Lampoon's Christmas Vacation" in a new holiday ad for the all-electric Ford Mustang Mach-E. The 60-second
Continue reading »CVS Health CEO says it has 10,000 staffers ready to vaccinate seniors at nursing homes
CVS Chief Executive Larry Merlo said the company is ready to administer "vaccines into the arms of some of our most vulnerable populations" within 24 to 48 hours upon receiving
Continue reading »Another gift from 2020: Car buyers seeking Black Friday deals likely out of luck this year
Instead of offering the steep discounts to clear out older inventory, many automakers are having a hard time resupplying dealer lots with enough inventory. Edmunds estimates the average discount on
Continue reading »GM to offer auto insurance that uses data from connected vehicles to price rates
GM's new auto insurance business unit will be offered through the automaker's OnStar connectivity brand. Coverage will begin with GM employees, followed by the general public in the U.S. through
Continue reading »American slashes London flights in December due to weak demand
Weak demand as coronavirus cases rise is prompting American to cut much of its London service next month. Travelers in New York and Chicago can fly nonstop on American's joint-venture
Continue reading »Ford unveils new self-driving test vehicle for 2022 launch
Ford plans to launch its self-driving business in 2022 with vehicles based on the Ford Escape Hybrid crossover. The vehicles are the automaker's fourth-generation self-driving test vehicles in partnership with
Continue reading »Ron Baron, who made billions investing in Tesla, thinks SpaceX 'has a chance to be just as large'
Tesla's market valuation has soared to more than $430 billion but billionaire investor Ron Baron said on Tuesday he thinks Elon Musk's space company could reach similar heights. "SpaceX I think
Continue reading »American economists awarded Nobel Prize in economics for work on auction theory
Paul R. Milgrom, 72, is the Shirley and Leonard Ely professor of humanities and sciences at Stanford University. Robert B. Wilson, 83, is the Adams distinguished professor of management, Emeritus
Continue reading »How SpaceX, Virgin Galactic, Blue Origin and others compete in the growing space tourism market
There's an emerging industry thought to be only science fiction not too long ago that's close to becoming a reality: space tourism. And a handful of companies – including one
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