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AUTO INDUSTRY
Uber seeks to summarize self-driving
Uber Technologies has asked Pennsylvania for permission to resume self-driving testing on public roads, the company said Friday, after a deadly crash in Arizona.
The company, which said that it has been made available to its autonomous vehicle software, reported in a report to the National Highway Traffic Safety Administration workers.
Uber has been testing self-driving cars in manual mode on public streets.
In June, police in Tempe, Ariz., Said a backup driver behind the wheel of a self-driving vehicle and was pedestrian crossing a street. It was the first death attributed to a self-driving vehicle and was seen as a significant setback for an industry.
Uber chief executive Dara Khosrowshahi said Friday that the company would resume road tests only after implementing "improved processes."
A spokeswoman for NHTSA said Friday it had received the application and would review it.
– Reuters
TECHNOLOGY
Google D.C. lobbyist Molinari steps down
Google's top lobbyist in Washington, DC, USA The Capitol Hill on issues of privacy and protection in China, the Alphabet unit said Friday.
Susan Molinari (R-N.Y.), Congresswoman, who has run the office of senior executive.
Molinari, 60, said that she had been "looking for the right time to step back."
– Reuters
ENERGY
Exxon, Chevron
Higher oil prices propelled Exxon's third-quarter profit up 57 percent to $ 6.24 billion despite a drop in production.
It was Exxon's best third quarter since 2014, when the effects of a collapse in oil prices were revealed.
Rival Chevron reported doubling of quarterly profit, to $ 4 billion.
Exxon showed results in its production and refining segments, Citi analysts said, which "helps support the case that the business is turning."
Oil companies are being boosted by rising crude prices.
Exxon's production continued to slide, however, although it was compared with the second quarter. Overall output fell 2.4 percent compared with last year's third quarter, linked to natural gas production in United States and Europe.
Exxon earned $ 1.46 per share. Revenue rose 25 percent to $ 76.61 billion.
– Associated Press
Also in Business
Northrop Grumman will pay $ 27.45 million to settle allegations it has been working on the United States Air Force contracts, the Justice Department said Friday. In a statement, the department said Northrop Grumman violated the False Claims Act by the Air Force. Northrop Grumman did not immediately respond to a request for comment.
European stress tests show big banks coming through the last two years ago. None of the 48 banks submitted to the exercise of the yardstick used in earlier tests. The bar has been tested by Deutsche Bank, which is trying to return to profit after three years of losses. This year's scenario runs by the European Central Bank and the European Banking Authority.
Geoffrey the Giraffe is not dead after all. The Toys R Us mascot will make a comeback this holiday season in the aisles of 600 Kroger supermarkets, just after the toy seller shuttered all its stores. Kroger will sell dolls, toy figures and other toys that are only sold at Toys R Us, including Imaginarium and Animal Zone. Geoffrey will appear in displays under the Geoffrey's Toy Box name. After Toys R Us's bankruptcy, a company called Geoffrey LLC was formed last month to try Toys R Us and its brands.
– From news services
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