No Picture
Business News

Musk won’t settle ‘pedo guy’ defamation lawsuit, lawyer says

An attorney for Elon Musk, the billionaire CEO of electric car maker Tesla , said on Tuesday that his client had no intention of settling a defamation suit brought by a British cave explorer before the case goes to trial on Dec. 3. Vernon Unsworth is suing Musk for calling him a “pedo guy” in one of a series of tweets. Musk posted the tweets after Unsworth accused Musk in a CNN interview of grandstanding by offering to help Unsworth’s diving team rescue 12 b

…read more […]

No Picture
Trading Ideas

UPDATE 2-FAA says it will be the sole issuer of new 737 MAX airworthiness certificates

The Federal Aviation Administration said on Tuesday it notified Boeing Co that the agency will be the only issuer of airworthiness certificates for all new 737 MAX planes, a role that it had shared with the aircraft maker in the past. The U.S. air regulator also repeated that it has not completed its review of the 737 MAX aircraft design changes and associated pilot training. …read more […]

No Picture
Trading Ideas

UPDATE 1-Box raises full-year revenue forecast as demand for its services rises

Box Inc raised its full-year revenue forecast on Tuesday after reporting better-than-expected third-quarter sales, as the cloud management platform benefited from higher customer addition. Box raised full-year revenue forecast to a range of $693.7 million to $694.7 million compared with its earlier expectation of $690 million to $692 million, the midpoint of which is above analysts’ estimate of $690.9 million, according to IBES data from Refinitiv. Demand for cloud storage has risen over the past year as companies shift work to cloud due to convenience and lower costs. …read more […]