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Google Inc. is stepping up efforts to commercialize its self-driving car technology, bringing in auto-industry veteran John Krafcik to head the push. Krafcik is currently the president of online car-shopping service TrueCar Inc. , but will join Google as CEO of its self-driving car business in late September. A Google spokeswoman told The Wall Street Journal the company is investing in a team that can bring the driverless cars technology “to its full potential.” She also said Google doesn’t plan to manufacture its own cars and wants to partner with others to develop the technology. Google shares were 0.3% higher in thin pre-market trade on Monday.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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From:: Stock Market News

Google Inc. is stepping up efforts to commercialize its self-driving car technology, bringing in auto-industry veteran John Krafcik to head the push. Krafcik is currently the president of online car-shopping service TrueCar Inc. , but will join Google as CEO of its self-driving car business in late September. A Google spokeswoman told The Wall Street Journal the company is investing in a team that can bring the driverless cars technology “to its full potential.” She also said Google doesn’t plan to manufacture its own cars and wants to partner with others to develop the technology. Google shares were 0.3% higher in thin pre-market trade on Monday.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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From:: Stock Market News

Egypt’s military and police accidentally killed at least 12 people on Sunday, including tourists from Mexico and their Egyptian guides, according to media reports. The Egyptian security forces were pursuing terrorist elements in their country’s Western Desert area when they came upon the tourist group in a restricted area, a CNN report said. At least 10 more people were injured, and Mexican President Enrique Peña Nieto has condemned the incident and demanded that Egypt’s government conduct a thorough investigation, a Wall Street Journal report said.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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From:: Stock Market News

Shares in Apple Inc. “could soar 50% in the coming year” thanks in large part to the tech giant’s new plan to lease iPhones and offer annual upgrades, says a story in the past weekend’s edition of Barron’s. “The leasing program attacks the primary bear case on Apple–slowing iPhone growth,” the Barron’s story adds. Shares in Apple were up 0.5% in thin premarket trading early Monday.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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From:: Stock Market News

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This Old House plumbing and heating expert Richard Trethewey installs a new washing-machine valve that will prevent flooding …read more

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JetBlue Airways Corp. reported late Friday August load factor, a key metric for airlines, that declined from a year ago, as capacity growth outpaced an increase in traffic. The load factor declined 1.3 percentage points to 87.0%. Available seat miles, or capacity, increased 8.3% to 4.56 billion, while revenue passenger miles, or traffic, grew 6.7% to 3.97 billion. The company said the preliminary passenger revenue per available seat mile (PRASM) for August declined by about 3%, hurt by the late Labor Day holiday. For the third quarter, JetBlue expects PRASM to change between -0.5% to +0.5%. The stock slipped 0.5% in after-hours trade, after climbing 1.2% during Friday’s regular session. The stock has surged 33% over the past three months, while the NYSE Arca Airline Index has declined 6.3% and the S&P 500 has lost 7%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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From:: Stock Market News

The Madison Square Garden Co. said Friday it wants to spin off its sports and entertainment business from its media business, appointing new executives for “a pure play media company.” The spin-off of the media company, called MSG Networks Inc., is expected on Sept. 30. Andrea Greenberg was named MSG Networks president and chief executive, reporting to executive chairman James Dolan. Bret Richter was named the future company’s chief financial officer. MSG Networks is home to eight professional sports teams, including NBA’s New York Knicks and NHL’s New York Rangers. Shares of The Madison Square Garden Co. fell 0.3% in late trading Friday after ending the regular session up 0.3%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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From:: Stock Market News