Business News
U.S. safety regulator probes fires in some Ford pickup trucks
U.S. traffic safety regulator is investigating complaints of fire during crashes in some Ford Motor Co F-150 Supercrew pickup trucks linked to a seat belt component.
Year: 2018
Business News
Elon Musk considers taking Tesla private in tweet, shares rise
Chief Executive Elon Musk said on Twitter he is considering taking Tesla Inc private at $420 per share as the electric car maker faces the challenges of fast growth and financial constraints, sending its shares up more than 6 percent.
Business News
Fox posts offer document for Sky deal
Twenty-First Century Fox Inc on Tuesday posted an offer document and form of acceptance for its 14 pounds a share offer to buy UK’s Sky on Tuesday.
Business News
Saudi sovereign fund PIF has bought a below 5 percent stake in Tesla: source
Public Investment Fund, Saudi Arabia’s sovereign wealth fund, has bought a minority stake in Tesla at just below 5 percent, a source familiar with the matter said on Tuesday.
Business News
S&P nears record as bank, tech stocks climb
The S&P 500 index hovered near record levels on Tuesday, lifted by gains in bank and technology shares, with a strong second-quarter earnings season fueling optimism about the strength in the U.S. economy.
Trading Ideas
San Francisco is so expensive, tech workers can't affording housing – survey
A survey by Blind, an app that lets workers talk about the workplace, found that nearly 60% of tech workers say they can’t afford housing in the Bay Area. Yahoo Finance’s Seana Smith, Rick Newman, Dion Rabouin and Dan Roberts discuss. …read more […]
Business News
Elon Musk considers taking Tesla private
Elon Musk is considering taking Tesla Inc private, he tweeted on Tuesday.
Business News
Saudi sovereign fund builds 3 to 5 percent stake in Tesla: FT
Saudi Arabia’s sovereign wealth fund, overseen by Crown Prince Mohammed bin Salman, has built a significant stake in Tesla Inc, the Financial Times reported on Tuesday, citing people with direct knowledge of the matter.
Business News
BMW recalls 324,000 cars in Europe after Korean engine fires: FAZ
German luxury carmaker BMW is recalling about 324,000 diesel vehicles in Europe to fix a technical fault that has caused engine fires in South Korea, German newspaper Frankfurter Allgemeine Zeitung (FAZ) said.
Business News
U.S. job openings hover at record highs in June
U.S. job openings held near record highs in June amid a modest decline in hiring, pointing to further tightening labor market conditions, which economists hope will soon spur faster wage growth.
Business News
S&P closes in on record as tech stocks climb
The benchmark S&P 500 was within striking distance of a record high on Tuesday, powered by gains in technology stocks, with a strong second-quarter earnings season fueling optimism about the strength in the U.S. economy.
Trading Ideas
Why Mallinckrodt PLC Stock Is Surging 23% Today
Better-than-expected Q2 results provide a nice catalyst for the specialty drugmaker. …read more […]
Business News
China’s HNA to sell over $2 billion Avolon stake to Orix: sources
China’s HNA Group Co Ltd is in advanced talks to sell a 30 percent stake in aircraft lessor Avolon Holdings Ltd to Japan’s Orix Corp , two sources said, as the company attempts to restructure and trim stakes even in its core assets.
Business News
Stocks near six-month peak on China boost; S&P nears record, oil up
Equity markets around the world climbed to approach a six-month high on Tuesday, buoyed by a rebound in Chinese stocks, while corporate earnings helped push Wall Street’s benchmark S&P 500 index towards record levels.
Business News
UniCredit has stopped using Facebook for advertising: CEO
Italy’s UniCredit has stopped using Facebook for advertising and marketing campaigns and will not do so again until the U.S. giant improves its ethical standards, the bank’s CEO said on Tuesday.