President Trump to sign ‘buy American,…

WASHINGTON, April 17 (Reuters) – U.S. President Donald Trump on Tuesday will sign an executive order directing federal agencies to recommend changes to a temporary visa program used to bring foreign workers to the United States to fill high-skilled jobs. Two senior Trump administration officials who briefed reporters at the White House said Trump will also use the “buy American and hire American” order to seek changes in government procurement practices to increase the purchase of American products in federal contracts. Trump is to sign the order when he visits the world headquarters of Snap-On Inc, a tool manufacturer in Kenosha, Wisconsin. RELATED: All-American brands that manufacture overseas Retail company L.L.Bean flaunts itself as one of the few American brands…
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Belgian company takes 3D printing to…

GEMBLOUX, Belgium (Reuters) – Layer by layer, 0.2 millimeters at a time, a specialized printing machine at Belgian chocolate shop Miam Factory applies melted chocolate to shape a three-dimensional object. Miam Factory – French for “Yum” – was spun off three months ago from nearby University of Liege’s Smart Gastronomy Lab, which researches technology in the food and beverages sector, and operates four specialized 3D printers. The company produces 3D-printed chocolate objects and also engraves chocolates and macaroons with messages or logos for clients, such as nearby brewery Bertinchamps. The brewery wanted a unique prize for the winners of an Easter egg hunt and ordered chocolate beer bottles. The chocolate is ready to eat straight after printing, which can take…
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Uber executive who worked on self-driving…

An Uber Technologies Inc. executive who worked on the ride-hailing company’s self-driving vehicle program has left the firm. He is the third executive to exit Uber in two months.The San Francisco company confirmed the departure of Sherif Marakby, Uber’s vice president of global vehicle programs, who joined the company a year ago and left Monday. Uber did not say why he left. The company said in a statement that Marakby’s “deep experience and knowledge of the automotive industry” helped Uber “tremendously in working to make self-driving cars a reality.”Marakby said in a statement that self-driving technology was one of the most interesting challenges he worked on in his career and that he was “grateful to have contributed to what will…
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Weetabix to be sold to US…

Image copyright Reuters UK cereal firm Weetabix is to be bought by US firm Post Holdings for $1.8bn (£1.4bn), its owner has confirmed.Weetabix – made in the UK since 1932 – was put up for sale in January by China’s Bright Food, which bought a 60% stake in 2012.Bright’s acquisition was the largest by a Chinese firm at the time, but it is believed to have struggled to build significant market share in China.Chinese consumers prefer a hot, rice-based breakfast to cold cereal.While Weetabix doubled sales in China in 2016, the UK still accounts for the majority of its sales.A spokesman for Bright Food, Pan Jianjun, said the sale of Weetabix did not mean the firm was abandoning its global…
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Tesla’s ‘crazy’ climb to America’s most…

The luxury electric-car company Tesla has yet to turn a profit, losing hundreds of millions of dollars last year alone. But on Monday, the darling of Silicon Valley became the most valuable American car company, surpassing General Motors, the Detroit granddaddy with $10 billion in sales on nearly 10 million vehicles. Shares of Tesla, run by high-profile chief executive Elon Musk, put the company’s value at $51.5 billion, above GM’s $50.2 billion. Tesla blew by Ford ($44.6 billion) last week. Musk’s company produced just 84,000 cars last year, with starting prices of $68,000. HOW THEY GOT HERE“Investors were asked to employ a ‘creative’ valuation methodology. I think that means that when the numbers don’t make any sense, one should ignore…
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California company recalls snacks over unlisted…

Updated 10:05 am, Sunday, April 16, 2017 LOS ANGELES (AP) — A Los Angeles-area company is voluntarily recalling one of its vegetarian snacks because it may contain trace amounts of unlisted peanuts. The firm, Beyond Meat, said in a release Friday that peanuts were detected in some of its Feisty Crumbles snacks sold in Southern California. The recall affects 5-pound bags and 11-ounce bags. Consumers can return the products for a full refund. The El Segundo-based company said people who have an allergy or severe sensitivity to peanuts run the risk of allergic reaction if they eat the snacks.
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Watertown Daily Times | Tesla on…

The luxury electric-car company Tesla has yet to turn a profit, losing hundreds of millions of dollars last year alone. But on Monday, the darling of Silicon Valley became the most valuable American car company, surpassing General Motors, the Detroit granddaddy whose $10 billion in sales on nearly 10 million vehicles dwarf Tesla’s 76,500 car sales worth $7 billion in revenue last year.Shares of Tesla, run by high-profile chief executive Elon Musk, put the company’s value at $51.5 billion, above GM’s $50.2 billion. Tesla blew by Ford ($44.6 billion) two weeks ago.Musk’s company produced just 84,000 cars last year, with starting prices of $68,000.The story of Tesla’s rise speaks to the divided American economy in 2017. Eco-friendly government tax credits,…
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Tesla’s bet on trucking is bad…

AP Photo/Noah Berger The risk of overconfidence for Tesla is now at its highest point since the company was founded. The business news cycle for weeks has been dominated by the carmaker’s surging market cap, which at about $48 billion has passed both Fiat Chrysler Automobiles and Ford. For a brief period, Tesla also climbed above General Motors to become the largest US automaker by stock valuation. As I’ve pointed out a few times, Tesla’s $300-plus share price isn’t driven by any meaningful fundamentals. It’s pure futurism, and anyone buying in now is betting on a very big payday far down the road for Musk and his vision. In the short term, Tesla’s traditional volatility will undoubtedly reappear, so the…
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BlackBerry’s stock had a great day…

Earlier today, BlackBerry’s stock hit its highest point more than a year, and all it took was a lousy $814.9 million arbitration win. It’s a healthy bounce back for the embattled company, which has spent the last year working to make a major shift from all-in phone maker to software and services company. But while shareholders are likely pleased, BlackBerry no doubt would have rather its stock hit its highest level in 15 months due to, say, a new product or service, but, well, you take what you can get. The 16-percent surge came on the heels of news that the Canadian mobile company was being awarded a massive sum after a on-going fight with Qualcomm over patent royalties. The…
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Ahead of Elon Musk, this self-made…

Silicon Valley titan Elon Musk has announced that he will be launching yet another company, Neuralink, which will focus on connecting the human brain to computers. With his deep pockets and bold ambitions, Musk, the CEO of SpaceX and Tesla, attracts attention whatever he tries. But Musk is not the first to experiment with neural prosthetics. In August, self-made millionaire Bryan Johnson launched a company that seeks to connect the brain with computer intelligence. Johnson’s company, Kernel, a Los Angeles start-up with 20 employees, is working to make “chips” to insert in the human brain. These chips, which are actually neurotechological hardware designed to read and write neural code, will be used at first for individuals with diseases or deficiencies…
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