Tesla plans to break ground this year and the company hopes its factory will produce lithium-ion batteries for 500,000 vehicles by 2020. That output would be equivalent to the total number of lithium batteries produced worldwide last year.
It's the battle of the McGriddle vs. the Waffle Taco.
University of California students who drink coffee to get through the day will soon be able to study the science behind the beverage: Next week the University of California, Davis will host a research conference run by its recently founded Coffee Center.
MasterCard and Visa announced Friday that they formed a cross-industry group to work on improving payment security systems, including new chip technology.
Bank of America CEO Brian Moynihan saw his compensation jump 77 percent last year, to a total of $13.1 million, most of it from stock awards.
Hairline cracks have been discovered in the wings of some Boeing 787s that are being built, but none of the jets already flown by airlines are affected, the company said.
Stocks were directionless in late trading Friday as tensions built in Ukraine, offsetting an encouraging pickup in hiring by U.S. employers last month.
Ford CEO Alan Mulally can cash in $5.9 million in company stock and was awarded additional stock worth $13.8 million at the current share price for his performance in 2013.
The U.S. trade deficit rose to $39.1 billion in January, the Commerce Department reported Friday.
Boeing said Thursday it will freeze the traditional defined-benefit pensions for 68,000 nonunion employees starting in 2016.
The Hispanic unemployment rate ticked down slightly in February as the U.S. economy added an unexpectedly high 175,000 new jobs, the BLS reported Friday.
The U.S. economy added 175,000 jobs in February, but the unemployment rate crept up slightly, the Bureau of Labor Statistics reported Friday.
U.S. stocks are higher in early trading following news that employers stepped up their hiring last month despite severe winter weather.
U.S. stock futures were pointing to a strong open on Friday after the government said employers added 175,000 jobs in February, far more than expected.
Russian aggression in Ukraine shook investors and initially sent stock prices down and gold prices up as investors also worried about U.S. sanctions and Russian threats to seize foreign assets.