(Reuters) – Tesla Inc on Wednesday posted its worst ever quarterly loss and said its Model 3 production target remains on track, expecting about 5,000 per week in about two months.
Tesla reported its Q1 2018 earnings today, posting adjusted losses of $3.35 …read more […]
NEW YORK/TOKYO (Reuters) – Xerox Corp said its CEO and most of its board will step down to settle a suit by activist shareholders Carl Icahn and Darwin Deason, handing over to new management which will reconsider a contentious deal with Fujifilm Holdings . The move is a triumph for Icahn and Deason, who together hold 15 percent of Xerox. The two had already won a rare court order to temporarily block the deal, which they said undervalued Xerox. …read more […]
LONDON (Reuters) – Spotify Technology on Wednesday posted quarterly revenue in line with its recent outlook and sharply lower operating losses in the music streaming leader’s first financial report as a publicly traded company.
Two black men arrested for sitting at a Philadelphia Starbucks without ordering anything settled with the coffee-shop chain Wednesday for an undisclosed sum and an offer of a free college education. During the uproar, Starbucks CEO Kevin Johnson came to Philadelphia to apologize to the men. …read more […]
MONTREAL/PARIS (Reuters) – Bombardier Inc and Airbus SE named new leaders for the CSeries jetliner program on Wednesday, in a further step towards finalizing a deal for the European planemaker to take control of the Canadian project, according to memos seen by Reuters.
NEW YORK (Reuters) – U.S. stocks briefly rose but returned to negative territory on Wednesday after the Federal Reserve left interest rates unchanged in its policy announcement.
BEVERLY HILLS, Calif. (Reuters) – The titans of finance who flock to the annual Milken Institute Global Conference each spring say they believe their quest for profits can also make the world a better place.
(Reuters) – Cambridge Analytica, the data firm embroiled in a controversy over its handling of Facebook Inc user data, and its British parent firm SCL Elections Ltd are shutting down immediately, the company said on Wednesday.
Gwen Preston explains potential risks facing new mining operations
A cracked window forced a Southwest Airlines plane heading from Chicago to New Jersey to land in Cleveland on Wednesday, just two weeks after a jet engine blew apart and broke a window in a deadly accident aboard another Southwest flight. There were no reports of injuries after Flight 957 landed safely after making an abrupt turn toward Cleveland while over Lake Erie, according to tracking data from FlightAware.com. Dallas-based Southwest said that the plane was diverted to examine damage to one of the three layers in the window, but didn’t immediately release details on how it was …read more […]
NEW YORK (Reuters) – U.S. stocks edged higher on Wednesday after the Federal Reserve released its policy announcement, leaving interest rates unchanged.
(Reuters) – The Cambridge Analytica consultancy at the center of this year’s Facebook privacy row is closing, the Wall Street Journal on Wednesday reported the founder of the firm’s UK-based parent as saying.
WASHINGTON (Reuters) – The Federal Reserve held interest rates steady on Wednesday and expressed confidence that a recent rise in inflation to near the U.S. central bank’s target would be sustained, leaving it on track to raise borrowing costs in June.
(Reuters) – Buyout firm Apollo Global Management LLC has approached Xerox Corp to express interest in a possible acquisition, casting new uncertainty over the U.S. printer company’s $6.1 billion sale to Japan’s Fujifilm Holdings , people familiar with the matter said on Wednesday.
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