Continental second-quarter profit falls, raises fiscal year sales outlook

Continental’s second-quarter adjusted operating profit fell 10 percent as the auto parts maker raised spending on production and R&D capacities, but the company slightly lifted its sales outlook on growing demand for electric-car components. Adjusted...

CBOE plans to launch bitcoin futures, announces deal with Winklevoss brothers’ digital currency exchange

The Chicago Board Options Exchange, the largest U.S. options exchange, is planning to launch its own bitcoin derivatives trading products by early next year. Pending review from the U.S. Commodity Futures Trading Commission, the CBOE Futures Exchange (CFE) plans to...

Tesla may not be as far ahead in electric cars as we think, say analyst and dealer CEO

Tesla may not have that big of a lead over U.S. and European manufacturers in electric car technology, agreed Oppenheimer analyst Colin Rusch. He was asked what he thought about comments earlier this week from AutoNation Chairman and CEO Mike Jackson who said within...