Business & Finance News
Tesla Inc’s board has named a special committee of three directors to negotiate with Chief Executive Elon Musk on taking the electric car maker private, although it said it was yet to see a firm offer from him.
Billionaire investor David Einhorn, whose Greenlight Capital is posting some of the hedge fund industry’s worst returns, cut back several long-term holdings including Apple Inc , Voya Financial Inc and Consol Energy Inc , a filing made on Tuesday shows.
The publicity around the untimely death of designer Kate Spade drew shoppers back to the handbag brand this summer, driving a 31 percent jump in fourth-quarter sales for its new owner Tapestry Inc that sent shares up 12 percent on Tuesday.
Amazon.com Inc on Tuesday said it will open its first customer service center in Colombia in October and employ 600 people. The center, intended to prevent and resolve problems, will serve customers worldwide in Spanish, English and Portuguese, the world’s largest online retailer said in a statement.
Coca-Cola Co is buying a minority stake in a sports drink brand backed by basketball star Kobe Bryant, it said on Tuesday, seeking to mount a stronger challenge to PepsiCo’s Gatorade.
Tesla Inc’s board named a special committee of three directors on Tuesday to negotiate with Elon Musk on taking the electric carmaker private, although it said it was yet to see a firm offer from the company’s chief executive.
U.S. stock indexes rose on Tuesday as upbeat quarterly reports from a clutch of companies boosted earnings optimism and bank stocks rebounded after Turkey’s currency snapped its three-week slide.
U.S. stocks opened higher on Tuesday on the back of healthy earnings reports and a recovery in Turkish currency, which snapped its three-week slide.
Russia’s standards agency said on Tuesday it had been informed about the recall of 3,968 Ford cars sold between 2011 and 2016.
Tesla Inc’s board named a special committee of three directors on Tuesday which will evaluate Elon Musk’s proposals to take the company private, although it said it was yet to see a firm offer from the company’s chief executive.
U.S. stocks were set to open higher on Tuesday on the back of healthy earnings reports and a recovery in Turkish currency, which snapped its free fall after three weeks of slide.
Tesla Inc’s board has appointed a special committee to evaluate a potential transaction that would take the company private, but has not received a formal proposal from Chief Executive Elon Musk, the company said on Tuesday.
Home Depot Inc on Tuesday reported second-quarter sales that beat Wall Street estimates despite signs of a slowdown in the housing market, boosted by a rebound in demand for seasonal products and shoppers making more purchases to remodel their homes.
Investment firms are exploring a buyout of Yum China Holdings Inc. in what could be one of Asia’s biggest M&A deals this year, sources close to the situation told Reuters.
World share markets fought to regain their footing on Tuesday, as Turkey’s lira pulled out of its recent nosedive and reassuring data from Germany helped offset the latest wobbles in China’s giant economy.
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