NEW YORK (Reuters) – U.S. stocks rose on Thursday, as losses in shares of healthcare companies, battered by Amazon’s foray into drug retailing, were offset by gains in the technology and financial sectors.
SAN FRANCISCO (Reuters) – Tesla Inc is not producing enough Model 3s per shift to reach the 5,000 per week target that Chief Executive Officer Elon Musk said it would reach by Saturday, three line workers at the company’s Fremont, California, assembly plant told Reuters this week.
OTTAWA (Reuters) – Canada will offer an aid package worth between C$500 million ($376.90 million) and C$800 million to help steel and aluminum industries and workers who have been hit by U.S. tariffs, a source familiar with the matter said on Thursday.
(Reuters) – TCI Fund Management Ltd, a large Twenty-First Century Fox Inc shareholder, has urged Fox executive chairman Rupert Murdoch to give Comcast Corp a chance to top Walt Disney Co’s $71 billion offer to buy most of Fox’s assets, according to a letter reviewed by Reuters.
The leading premium java chain is trading at its lowest level since summer 2015. …read more […]
NEW YORK (Reuters) – CVS Health Corp agreed to pay a $1.5 million civil fine to resolve U.S. charges that some of its pharmacies in Nassau and Suffolk counties in New York failed to report in a timely manner the loss or theft of prescription drugs, including the opioid hydrocodone.
(Reuters) – Twitter Inc on Thursday made it easier for users to identify political campaign ads and know who paid for them, as social media platforms faced the threat of U.S. regulation over the lack of disclosure on such spending.
(Reuters) – Twitter Inc said on Thursday its product head Ed Ho will be stepping down and named former live-streaming service Periscope’s Chief Executive Officer Kayvon Beykpour as his replacement.
Former Vice President Joe Biden is urging Americans to “rise up” to demand President Donald Trump nominate a “consensus candidate” to the Supreme Court. Biden sided with Democrats who have said the Senate should postpone the confirmation process until after the mid-term elections. Biden said, “It’s up to us, America. …read more […]
(Reuters) – Bridgewater Associates, the hedge fund controlled by billionaire investor Ray Dalio, plans to become a partnership in the coming months, giving its top executives more say in running the fund, the New York Times reported on Thursday.
LONDON (Reuters) – Britain’s takeover regulator is considering whether Walt Disney might have to make a higher offer for Sky in the wake of the U.S. company’s move to hike its bid for Twenty-First Century Fox assets to $71.3 billion.
(Reuters) – U.S. stocks swung between gains and losses on Thursday, as Amazon’s foray into drug retailing whipped the healthcare sector, while a rise in financial stocks for the first time in 14 days cushioned the markets.
MOSCOW (Reuters) – Shareholders at sanctions-hit Russian aluminum producer Rusal elected a new board of directors on Thursday in an effort to appease the U.S. and get the restrictions lifted.
(Reuters) – Starbucks Corp said on Thursday that Chief Financial Officer Scott Maw will retire at the end of November, stunning investors and sending shares of the world’s largest coffee shop chain down more than 4 percent.
Maw, 50, lasted just four years in the CFO role, and the company did not provide details on what prompted the retirement. The Seattle-based company said in a regulatory filing https://www.sec.gov/Archives/edgar/data/829224/000119312518206726/d802843d8k.htm that it has launched an external search for a replacement for Maw, who will become a senior consultant until March 31, 2019, earning $250,000 per month. “As we enter our next phase of continued growth, I am confident in the finance team Scott has developed and am appreciative of his willingness to support through the transition into new leadership,” Starbucks CEO Kevin Johnson said in a statement. …read more […]
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