From the floor of the New York Stock Exchange, Yahoo Finance’s Jared Blikre joins Alexis Christoforous to break down the latest market moves. …read more […]
Billionaire investor Daniel Loeb’s Third Point LLC is launching a proxy fight to remove the entire sitting board at Campbell Soup Co, charging the American food company with being in a “mess” and faulting the board for failing to take corrective action.
Tesla Inc’s shares dropped the most in two years on Friday, rocked by the departure of its accounting chief after just a month and mounting investor concerns about Chief Executive Elon Musk’s behavior after he smoked marijuana on a live webcast. Investors in the electric carmaker are on edge after a tumultuous August, during which Musk proposed and then abruptly pulled the plug on a go-private deal. Tesla said Chief Accounting Officer Dave Morton resigned because of discomfort wit
The behavior of Tesla’s CEO has gone from erratic to destructive. …read more […]
Around two hundred people queued outside the first Starbucks cafe in Italy on Friday, as the world’s biggest coffee chain faces one of its toughest tests yet with an upmarket roastery in the center of Milan.
Police say they’re trying to learn why a gunman carrying a large amount of ammunition began shooting in a downtown Cincinnati high-rise building, killing three people and wounding two others before four officers all opened fire on him. Police Chief Eliot Isaac says they will study footage from the officers’ body cameras and security from the 30-story building that headquarters Fifth Third Bancorp. Police say the suspect had never worked at Fifth Third and don’t have any information linking him to other businesses in the building. …read more […]
British Airways apologized on Friday after the credit card details of hundreds of thousands of its customers were stolen over a two-week period in the most serious attack on its website and app.
NEW YORK (LPC) – Carlyle Group has hired Tim Broadbent, the former head of US leveraged loan syndicate at Barclays, to lead a new group that will provide issuers and financial sponsors with capital markets advice.
Following are five big themes likely to dominate thinking of investors and traders in the coming week and the Reuters stories related to them.
More bad press for CEO Elon Musk and two more executive departures have Tesla investors concerned. Here’s what you should know. …read more […]
Seven trade unions representing Ryanair cabin crew in five countries threatened on Friday to hold a strike in late September unless the airline agrees to change working conditions.
World share indexes limped toward their worst week in almost six months on Friday, with Asia equities hitting a 14-month low and U.S. stocks down in early trading as investors braced for additional trade tariffs and higher U.S. interest rates.
Chinese officials and executives of ExxonMobil Corp discussed a $10 billion investment by the U.S.-based firm in the southern province of Guangdong, Chinese state television reported on Friday.
Twenty years after Larry Page and Sergey Brin set out to organize all of the internet’s information, the search engine they named Google has morphed into a dominating force in smartphones, online video, email, maps and much more. Google’s search engine remains entrenched as the internet’s main gateway, and its digital advertising business is on pace to generate about $110 billion in revenue this year. Much of that revenue now flows through Google’s Android operating system, which powers 80 percent of the world’s smartphones. …read more […]
White House economic adviser Larry Kudlow said on Friday that issues over dairy continued to block progress on talks between the United States and Canada to revamp the North American Free Trade Agreement (NAFTA).
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