(Reuters) -Alphabet's Waymo is expanding its service in Austin, Texas, to 90 square miles from 37 square miles earlier, the software giant's self-driving unit said on Thursday, seeking to protect its top position in the city from rivals such as Tesla.
Waymo, which has over 100 vehicles on the Uber platform in Austin, will now cover new neighborhoods such as Crestview, Windsor Park, Sunset Valley and Franklin Park, the company said.
After... (continue reading...)
WASHINGTON (Reuters) -U.S. business inventories were unchanged for a second straight month in May, suggesting that inventories could subtract from gross domestic product in the second quarter.
The flat reading in inventories reported by the Commerce Department's Census Bureau on Thursday was in line with economists' expectations. Inventories are a key component of GDP. They increased 1.7% year on year.
Inventories are also the most volatile... (continue reading...)
By Hernan Nessi
BUENOS AIRES (Reuters) -Argentina's economic activity likely expanded 5.8% year-on-year in May, marking its eighth-consecutive month of growth, according to the median forecast in a Reuters poll.
The poll of 11 local analysts showed an average forecast for 5.9% growth in Latin America's third-largest economy, with estimates ranging from a low of 3.5% to a high of 7.8%.
"The year-on-year comparison shows a... (continue reading...)
(Reuters) -A group of U.S. solar panel manufacturers asked the Commerce Department to impose anti-dumping and countervailing duties on imports from Indonesia, India and Laos, according to documents on an agency we site.
The petition is the latest effort by the small U.S. solar manufacturing industry to seek trade relief to protect billions of dollars of investment and compete with goods produced mainly by Chinese companies overseas.
The... (continue reading...)
WASHINGTON (Reuters) -The U.S. auto safety agency is shedding more than 25% of its employees under financial incentive programs to depart the government offered by the Trump administration, according to data provided to Congress seen by Reuters.
The National Highway Traffic Safety Administration, part of the Transportation Department, is shrinking from 772 employees as of May 31 to 555 under the program. The Federal Highway Administration and Federal... (continue reading...)
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