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Tesla says may seek new funding; shares up after SEC agreement (Reuters) - Tesla Inc said on Monday it could seek alternative sources of financing, days after Chief Executive Officer Elon Musk reached a deal with U.S. securities regulators to settle a dispute over his Twitter use, removing an overhang on the stock.
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The We Company, better known as WeWork, files confidentially for IPO The We Company, better known as WeWork, filed confidentially for an IPO, the company said in a press release on Monday. The company did not reveal financial information in the filing. However, in a presentation shared with CNBC in March, The We ...
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Novogratz's Crypto Firm Posted $272.7 Million Loss in 2018 Galaxy Digital Holding Ltd., billionaire Michael Novogratz's crypto investment firm, lost $272.7 million during its first year of operations as prices of digital assets collapsed. Bloomberg Galaxy Crypto Index fell 81% in 2018. Galaxy had $249.1 million in digital ...
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Marriott to expand further into home-sharing Marriott is pushing more heavily into home-sharing, confident that its combination of luxury properties and loyalty points can lure travelers away from rivals like Airbnb. The world's biggest hotel company will start taking reservations this week for 2,000 homes ...
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Goldman Sachs CEO warns `evolutionary' change in tech transformation will take longer than many think Goldman Sachs' investments into technology projects may take longer to pan out than investors appreciate, the bank's CEO David Solomon said on Monday at the Milken Conference. Solomon spoke on a panel with other CEOs who discussed the disruptive ...
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A Fitter Ford Gains Much Needed Momentum From Q1 Earnings, Rivian Investment And New-Model Debuts Ford Motor Co. Lincoln Corsair sports utility vehicle (SUV) is displayed during the 2019 New York International Auto Show (NYIAS) in New York, U.S., on Wednesday, April 17, 2019. Photographer: Natan Dvir/Bloomberg. © 2019 Bloomberg Finance LP.
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T-Mobile and Sprint's merger deadline was extended — again Last April, T-Mobile and Sprint announced their plans to merge, yet one year later neither the US Federal Communications Commission nor the Justice Department have approved the deal — and the telecommunications companies just opted to extend the ...
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Microsoft Forms Pact With VMware to Keep Up With Amazon's Cloud Microsoft Corp. unveiled a partnership with VMware Inc. in a bid to bring more customers to its Azure cloud-computing service, emulating a pact that has benefited rival Amazon.com Inc. The agreement will let VMware customers move their technology systems ...
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A software outage is wreaking havoc on major airlines including American, Alaska, and JetBlue A software outage is wreaking havoc on major airlines including American, Alaska, and JetBlue on Monday. Based on customer complaints, the outage has prevented passengers from checking in, boarding flights, and making reservations. The issues stem ...
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Boeing says it didn't 'intentionally' deactivate safety alert on 737 Max jet Boeing said Monday that it didn't "intentionally or otherwise deactivate" the disagree alert on its 737 Max jets. The statement comes in response to reports that the planemaker failed to tell Southwest Airlines and the Federal Aviation Administration that the ...
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FCC plans broadband expansion to over 100000 rural homes and businesses The Federal Communications Commission announced today that it will expand broadband internet services to more than 106,000 rural homes and businesses across 43 states. Nine states -- Arkansas, Arizona, Montana, North Dakota, Nebraska, New Mexico, ...
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Why Spotify Stock Must Hold This Post-Earnings Level Shares of Spotify (SPOT opened higher on Monday, after the company reported earnings before the bell. However, that higher open has turned into a loss as we approach midday trading. Spotify stock is down about 2% to $135.35 after the company missed ...
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Ferrexpo could have done without the side show to its Deloitte spat It is a rare for an auditor to quit the role at a London-listed FTSE 250 firm. So one might conclude it was merely unfortunate that Chris Mawe, the finance director at Ferrexpo, chose last Thursday morning to sell £400,000-worth of shares, just before events ...
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This 'Pioneer Woman' Instant Pot is 30% off just in time for Mother's Day If you haven't yet invested in an Instant Pot or you're looking to replace your old one, today is your lucky day! Right now Walmart is offering a great deal on the popular and convenient kitchen appliance. And not just any Instant Pot either. The models that are ...
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Airbnb to Offer 200 New Luxury Suites at Rockefeller Plaza Airbnb Inc. guests will soon be able to book luxury suites in the heart of New York's iconic Rockefeller Center. The home-share titan is taking over 10 floors of 75 Rockefeller Plaza, with plans to convert them into 200 overnight apartment-style suites in a new ...
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Middle aged professionals more likely to be overqualified than millenials Middle aged professionals are more likely to be overqualified for their jobs than millenials amid the rise of midlife crisis career swaps, new statistics reveal. Data published today by the Office for National Statistics (ONS) found that a record number of ...
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Chinese ride-hailing company buys billboards in Times Square to demand refunds from Tesla A Chinese ride-hailing company has purchased billboard space in Times Square to demand refunds for its fleet of nearly 300 Tesla vehicles, according to Business Insider. Shenma Zhuanche, citing the Academy Award-winning 2017 film "Three Billboards ...
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Keep Bayer top management for now to avoid a break-up, 3 big shareholders urge FRANKFURT • Three of Bayer's largest German investors said the drugmaker's embattled management needed to stay at the helm to avoid further upheaval, despite their unease over a share price slump in the wake of the $63 billion Monsanto takeover.
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Back pain treatment recalled due to possibility of burns SAN DIEGO — Back pain heat wraps have been voluntarily recalled because they may get hotter than expected. Pfizer Consumer Healthcare, a division of Pfizer Inc., recalled one lot of ThermaCare® Back Pain Therapy HeatWraps, up to 16HR pain relief.
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New age technology-led NBFC InCred raises Rs 600 crore New age technology-led NBFC InCred has raised Rs 600 crore from a group of global investors in a move that will raise its equity capital. Led by Dutch development finance institution FMO, the funding round raised Rs 600 crore for InCred and witnessed the ...
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Farmland value on PEI climbing but not as steeply as in previous years Farm land values continue to climb on Prince Edward Island, but not as steeply as in previous years, according to a report released by Farm Credit Canada. The average value last year increased by just over four per cent, down from close to six per cent in ...
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Pharmaceutical giants Allergan announce 63 new jobs for Westport, Co Mayo Pharmaceutical giants Allergan have announced the creation of 63 new jobs as part of a €65 million investment in the west of Ireland. The firm's plush facility in Westport, Co Mayo serves as a base for the company's art laboratories and manufacturing ...
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Toyota unveils Lexus as new made-in-Southwestern-Ontario vehicle New made-in-Ontario vehicles were unveiled by Toyota at its Cambridge plant Monday afternoon, with Prime Minister Justin Trudeau among the dignitaries on-hand for the announcement. Toyota, which has assembly plants in Woodstock and Cambridge, ...
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Corbyn-proof? British water, power firms take nationalization precautions By Virginia Furness, Sujata Rao and Julien Ponthus. LONDON (Reuters) - British water and power firms are trying to soothe nerves over nationalization in the event of a Labour government, although some fund managers and lawyers doubt so-called ...
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Can Antitrust Law Rein In Facebook's Data-Mining Profit Machine? Facebook engaged in an elaborate bait and switch on user data: Privacy disappeared when competition did. Laws governing competition could change that. Facebook is always in the news, but not always for edifying reasons. Recently, the Trump ...
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Equity and Safaricom partner to empower Kenyans using technology, financial solutions NAIROBI, Kenya, Apr 29 – Equity Group and Safaricom have Monday announced plans to create a joint transformation agenda that aims to enable more Kenyans to access critical services using an innovative combination of technology and finance. Through ...
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Listen to the midengine 2020 Chevy Corvette take a lap at the Corvette Museum Chevrolet finally acknowledged the existence of the midengine 2020 Corvette, but we're still light on details ahead of its July 18 debut. But thanks to the above video, now we have a little better idea of its exhaust note. The Corvette Museum in Bowling Green, ...
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