|Day's Range||0.46 - 0.70|
Prominent members of the world's business community are dropping out of Saudi Arabia's Future Investment Initiative, commonly known as Davos of the Middle East.
It's based on vehicle-to-vehicle technology (V2V) and the concept of how pedestrians navigate through busy crowds without colliding with one another or coming to a full stop. Ford is demonstrating the concept, dubbed Intersection Priority Management, on the streets of Milton Keynes, a town about 55 miles northwest of London. It relies on vehicle-to-vehicle communications systems equipped in Ford cars that read each other's location, direction of travel and speed, to suggest optimal speeds that will allow the cars to safely pass by each other at intersections without having to stop.
BlackRock Chief Executive Larry Fink and Blackstone Group CEO Stephen Schwarzman will no will no longer attend a high profile conference in Saudi Arabia, a source familiar with the matter told Reuters ...
Sales of the Ford Escape aren't what they used to be. The Escape, made at the Louisville Assembly Plant, saw sales decline by 20 percent in September 2018, compared with the same month last year. Ford and its Lincoln Motor Co. subsidiary have been successful in increasing sales of larger SUVs, such as the Navigator and Expedition this year.
JP Morgan & Chase Co (JPM.N) Chief Executive Jamie Dimon and Ford Motor Co (F.N) Chairman Bill Ford canceled plans to attend a Saudi investor conference, the companies said on Sunday, the latest such high-profile announcements after the disappearance of Saudi journalist Jamal Khashoggi. The cancellations could add pressure on other U.S. firms like Goldman Sachs Group Inc (GS.N), Mastercard Inc (MA.N) and Bank of America Corp (BAC.N) to reconsider their plans to attend the investor event.
The administration increasingly regards Saudi Arabia’s denial of any involvement of Khashoggi’s disappearance as untenable, and President Donald Trump and his aides are more and more convinced that the Washington Post writer died after entering the Saudi consulate on Oct. 2 to pick up a document for his wedding, said three U.S. officials who asked not to be identified because of the sensitivity of the matter. Despite increasing pressure from Congress, Trump is reluctant to cancel multimillion-dollar arms sales to Saudi Arabia out of concern the U.S. ally will turn to Russia or China instead.
JP Morgan & Chase Co Chief Executive Jamie Dimon and Ford Motor Co Chairman Bill Ford canceled plans to attend a Saudi investor conference, the companies said on Sunday, the latest such high-profile announcements after the disappearance of Saudi journalist Jamal Khashoggi. The cancellations could add pressure on other U.S. firms like Goldman Sachs Group Inc, Mastercard Inc and Bank of America Corp to reconsider their plans to attend the investor event.
DUBAI/WASHINGTON, Oct 14 (Reuters) - Saudi Arabia on Sunday warned against threats to punish it over last week's disappearance of journalist Jamal Khashoggi, as European leaders piled on pressure and two more U.S. executives scrapped plans to attend a Saudi investor conference.
Ford Motor Co. Chairman Bill Ford and and JPMorgan Chase & Co. Chief Executive Jamie Dimon are the latest big names to drop out of an investment conference in Saudi Arabia following the disappearance of a Saudi journalist, but U.S. Treasury Secretary Steve Mnuchin is said to be still planning on attending.
Ford Motor Co (F.N) Chairman Bill Ford canceled a multi-stop trip to the Middle East, including a planned appearance at a Saudi investment conference, the company said on Sunday, the latest such cancellation after the disappearance of Saudi journalist Jamal Khashoggi. The company did not elaborate on the reasons for Ford's decision not to attend the Future Investment Initiative conference in Riyadh, and did not comment on whether concerns about the disappearance of Khashoggi were a factor.