Business

But the off-grid water movement has become more than the fringe phenomenon it once was, with sophisticated marketing, cultural cachet, millions of dollars in funding and influential supporters from Silicon Valley. One recent morning in the hills of Berkeley, Calif., Cody Friesen, the founder and chief executive of Zero Mass Water, was inspecting water collection
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Caterpillar Inc. has long used a subsidiary in Geneva, Switzerland, called Caterpillar SARL, to process sales and profits for international orders, and the IRS wants the heavy-machinery maker to pay a $2 billion tax bill on that business, according to The Wall Street Journal. Although the company maintains that its Swiss strategy, which results in
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In a New Year telegram to U.S. President Donald Trump, Russia’s President Vladimir Putin says a constructive dialogue between the two nations is essential for global stability. The Kremlin said Saturday that Putin emphasized in his Seasons Greetings to Trump that Russia and the U.S. could develop a “pragmatic cooperation aimed at long-term perspective” on
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A Democratic congressional candidate outside Philadelphia calls the Republican tax overhaul a “cynical bill” that will redistribute wealth upward. One of her counterparts in California dismisses estimates of tax savings for most U.S. households and says the legislation is “just putting money in the pocket of the wealthy.” And in Kansas, a Democratic candidate for
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After the African nation dealt with around four decades of Mugabe’s rule, Mnangagwa told the public that Zimbabwe was entering a new stage of democracy. With the new leader promising to boost the economy by tackling unemployment and poverty, people worldwide will be paying close attention to Mnangagwa’s actions in 2018, to see how he
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Amazon‘s search for a second headquarters outside Seattle is just the beginning of a tech exodus from expensive coastal cities to cheaper inland locations, Redfin CEO Glenn Kelman said Wednesday. “Silicon Valley is going to leave Silicon Valley — that’s already happened,” Kelman told CNBC’s “Power Lunch.” “The technology companies, the Wall Street companies, they’re
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In its news releases and presentations, Facebook has framed the development of its fundraisers as part of a broader effort to do “social good.” Experts said that may be true. But they say there is almost certainly another motivation, too. Keith A. Quesenberry, an assistant professor of marketing at Messiah College in Mechanicsburg, Pa., said
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Banks have long been at an advantage when it comes to data on their customers. From current accounts to credit cards, established lenders have access to vast amounts of information that financial technology (fintech) competitors could only dream of. In Europe, that could all be about to change. On January 8, banks operating in the
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SpaceX is set to launch 10 Iridium satellites on Friday, marking a halfway point in a contract to deliver 75 satellites to low-earth orbit for the satellite communications provider. When completed, this “constellation” of low-earth-orbit satellites could revolutionize air traffic control, allowing planes to fly shorter and more direct routes. The key is a system
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Nicholas Kamm | AFP | Getty Images Jared Kushner, son-in-law and senior adviser of President Donald Trump. Federal prosecutors are seeking information about Trump senior advisor Jared Kushner’s real estate business, The New York Times reported Friday, citing four sources. Prosecutors in the United States attorney’s office for the Eastern District of New York subpoenaed
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Tens of thousands of National Guardsmen, reservists as well as active-duty federal military personnel responded to the storms, providing search and rescue recovery assistance in the affected areas. Also, the military helped clear thousands of miles of roads, opened damaged ports, and delivered emergency supplies and equipment. Army Brig. Gen. Patrick M. Hamilton, commander of
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