Business News
Shares rebound as lira pulls out of nosedive
World share markets rebounded on Tuesday as Turkey’s lira pulled out of a recent nosedive and reassuring data from Germany helped offset the latest wobbles in China’s giant economy.
Month: August 2018
Business News
A look at Tesla’s nine-member board
Tesla Inc’s board has named a special committee of three directors to negotiate with Chief Executive Elon Musk on taking the electric car maker private, although it said it was yet to see a firm offer from him.
Business News
Einhorn’s Greenlight cuts back many top holdings, slices Apple
Billionaire investor David Einhorn, whose Greenlight Capital is posting some of the hedge fund industry’s worst returns, cut back several long-term holdings including Apple Inc , Voya Financial Inc and Consol Energy Inc , a filing made on Tuesday shows.
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Einhorn's Greenlight cuts back many top holdings, slices Apple
BOSTON (Reuters) – Billionaire investor David Einhorn, whose Greenlight Capital is posting some of the hedge fund industry’s worst returns, cut back several long-term holdings including Apple Inc , Voya Financial Inc and Consol Energy Inc , a filing made on Tuesday shows. …read more […]
Business News
Kate Spade sales drive strong Tapestry forecast, shares jump
The publicity around the untimely death of designer Kate Spade drew shoppers back to the handbag brand this summer, driving a 31 percent jump in fourth-quarter sales for its new owner Tapestry Inc that sent shares up 12 percent on Tuesday.
Business News
Amazon to open Colombia service center, employ 600 workers
Amazon.com Inc on Tuesday said it will open its first customer service center in Colombia in October and employ 600 people. The center, intended to prevent and resolve problems, will serve customers worldwide in Spanish, English and Portuguese, the world’s largest online retailer said in a statement.
Business News
Coca-Cola bets on Kobe sports drink in fight with Gatorade
Coca-Cola Co is buying a minority stake in a sports drink brand backed by basketball star Kobe Bryant, it said on Tuesday, seeking to mount a stronger challenge to PepsiCo’s Gatorade.
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Cars plunge as highway bridge collapses in Italy; 20 killed
A bridge on a main highway linking Italy with France collapsed Tuesday in the Italian port city of Genoa during a sudden, violent storm, sending vehicles plunging 45 meters (nearly 150 feet) into a heap of rubble below. Italian officials said at least 20 people were killed and others injured. There was initial confusion over the exact death toll and officials were still searching for people in the rubble. …read more […]
Business News
Tesla forms three-member panel to decide on any Musk deal
Tesla Inc’s board named a special committee of three directors on Tuesday to negotiate with Elon Musk on taking the electric carmaker private, although it said it was yet to see a firm offer from the company’s chief executive.
Business News
Wall St. rises on earnings optimism, lira rebound
U.S. stock indexes rose on Tuesday as upbeat quarterly reports from a clutch of companies boosted earnings optimism and bank stocks rebounded after Turkey’s currency snapped its three-week slide.
Business News
Wall St. opens higher on healthy earnings, lira rebound
U.S. stocks opened higher on Tuesday on the back of healthy earnings reports and a recovery in Turkish currency, which snapped its three-week slide.
Business News
Ford recalls 3,968 cars over clutch pressure plate issue: regulator
Russia’s standards agency said on Tuesday it had been informed about the recall of 3,968 Ford cars sold between 2011 and 2016.
Business News
Tesla forms three-member panel to look at any Musk deal
Tesla Inc’s board named a special committee of three directors on Tuesday which will evaluate Elon Musk’s proposals to take the company private, although it said it was yet to see a firm offer from the company’s chief executive.
Business News
Wall St. set for higher open on healthy earnings, lira rebound
U.S. stocks were set to open higher on Tuesday on the back of healthy earnings reports and a recovery in Turkish currency, which snapped its free fall after three weeks of slide.
Business News
Tesla forms special committee, has no formal proposal from Musk
Tesla Inc’s board has appointed a special committee to evaluate a potential transaction that would take the company private, but has not received a formal proposal from Chief Executive Elon Musk, the company said on Tuesday.