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Cheap gas-price thrill won't last

2014-11-13 16:43:45| Auto Dealers - Topix.net

Reconfirmation of that familiar market-driven formula last week from that top-gear Motor City newspaper, the Detroit Free Press: "Falling gas prices bolstered consumers' growing preference for pickup trucks, SUVs and crossovers in October as new vehicle sales were strong enough to nearly guarantee 2014 will be the U.S. industry's best year since 2007." Mike Jackson, chief executive of AutoNation Inc., predicted: "The migration to trucks will turn into a stampede if these gas prices go lower or stay low.

Tags: cheap thrill

Musks next mission: Blanketing the world with cheap internet access, via 700 low-orbit satellites

2014-11-11 17:14:55| Extremetech

Elon Musk, capitalizing on SpaceX's unique ability to cheaply launch stuff into space, has announced that he's working on deploying a constellation of some 700 satellites, for the purpose of bringing "very low cost" internet access to everyone on Earth. Satellite internet access could be very useful in rural parts of North America and Europe, but it's the under-connected parts of the world (Asia, Africa, South America) that will be of more interest to Musk, both financially and ideologically.

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Laying off thousands of Sprint employees isn't cheap

2014-11-08 07:52:25| IT Services - Topix.net

En route to $400 million in labor cost savings for the fiscal year, Sprint Corp. plans to recognize an even larger severance-related charge. In a federal filing the Overland Park-based carrier said it plans to pay $105 million more - in addition to its previously reported $160 million charge - in severance-related costs for the three-month period ended Sept 30. The new charge brings Sprint's total severance costs for the three-month period to $265 million.

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UK car sales boosted by cheap credit, but growth forecast to slow

2014-11-06 21:11:37| Auto Dealers - Topix.net

UK new-car registrations in October rose 14 percent to 179,714, the Society of Motor Manufacturers and Traders said today , but the group added that growth would likely slow towards 2015. The October result took ten month sales to 2.13 million, passing the 2 million mark in the period for the first time since 2007.

Tags: to sales car credit