Cheddar morning business update 9/12: Mercedes-Benz plans electric versions of all its cars by 2020

Posted: Updated:
  • Lawmakers are demanding answers from Equifax about a massive breach that exposed the social security numbers and other personal info of roughly 143 million Americans. They also want to know if U.S. government agency records were compromised in the hack.
  • Mercedes-Benz says it will offer electric versions of all its cars by 2022. The company also plans to turn its popular city SmartCar into a fully electric line by 2020. Volvo also recently announced that all of its cars will be electric within two years. 
  • Nordstrom is opening a line of new, smaller stores that won’t sell clothing or other items. Instead, it will offer services like manicures and tailoring and also personal stylists. The first Nordstrom Local store opens next month in Los Angeles. 
  • BusinessMore>>

  • Zuckerberg's Holocaust comment puts Facebook on the spot

    Zuckerberg's Holocaust comment puts Facebook on the spot

    Wednesday, July 18 2018 6:08 PM EDT2018-07-18 22:08:45 GMT
    Friday, July 20 2018 12:41 AM EDT2018-07-20 04:41:54 GMT
    Facebook CEO Mark Zuckerberg says that while he finds Holocaust denial "deeply offensive," he doesn't believe that such content should be banned from Facebook.
    Facebook CEO Mark Zuckerberg says that while he finds Holocaust denial "deeply offensive," he doesn't believe that such content should be banned from Facebook.
  • Trump aims to end automatic protections for some species

    Trump aims to end automatic protections for some species

    Thursday, July 19 2018 1:42 PM EDT2018-07-19 17:42:30 GMT
    Friday, July 20 2018 12:41 AM EDT2018-07-20 04:41:48 GMT
    The Trump administration wants to change how endangered species are protected by the U.S. government.
    The Trump administration wants to change how endangered species are protected by the U.S. government.
  • Trump slams rate increases by independent Federal Reserve

    Trump slams rate increases by independent Federal Reserve

    Thursday, July 19 2018 1:37 PM EDT2018-07-19 17:37:26 GMT
    Friday, July 20 2018 12:41 AM EDT2018-07-20 04:41:40 GMT
    (AP Photo/Jacquelyn Martin). Federal Reserve Board Chair Jerome Powell testifies during a House Committee on Financial Services hearing, Wednesday, July 18, 2018, on Capitol Hill in Washington.(AP Photo/Jacquelyn Martin). Federal Reserve Board Chair Jerome Powell testifies during a House Committee on Financial Services hearing, Wednesday, July 18, 2018, on Capitol Hill in Washington.
    President Donald Trump is casting aside concerns about the Federal Reserve's independence and says he's "not happy" with the central bank's interest rate increases.
    President Donald Trump is casting aside concerns about the Federal Reserve's independence and says he's "not happy" with the central bank's interest rate increases.
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