Business & Finance News
(Reuters) – Tesla Inc Chief Executive Elon Musk said on Tuesday that a goal of building 5,000 Model 3s per week by the end of June was “quite likely” as the company’s production lines were now demonstrating the ability to build 3,500 vehicles per week.
(Reuters) – Tesla shareholders at an annual meeting on Tuesday re-elected three directors and voted against a proposal to split the chairman and chief executive jobs, both of which billionaire Elon Musk holds.
(Reuters) – HP Inc now expects 4,500 to 5,000 employees to leave the company by the end of fiscal 2019 as part of an ongoing restructuring plan, the PC maker said on Tuesday.
WASHINGTON (Reuters) – A coalition of retailers and restaurants on Tuesday asked the U.S. Congress to fix a “drafting error” in December’s tax-cut bill that they said is deterring companies from investing in their stores.
MEXICO CITY (Reuters) – Mexican telecommunications company America Movil, controlled by the family of Mexican billionaire Carlos Slim, is launching a U.S.-based unit that will offer information technology and communications to business customers, according to a source and a document on the company’s website.
(Reuters) – The Nasdaq closed at a record high for the second day in a row with help from the technology and consumer discretionary sectors, while the S&P 500 edged higher as investors eyed solid U.S. economic data.
OTTAWA (Reuters) – The Group of Seven leading industrial nations at its summit this week is poised to disagree over U.S. metals tariffs, which have infuriated Canada and European Union members of the bloc, a Canadian official said on Tuesday.
(Reuters) – ZTE Corp has signed an agreement in principle that would lift a U.S. Commerce Department ban on buying from U.S. suppliers, allowing the Chinese telecommunications equipment maker to get back into business, according to sources familiar with the matter.
NEW YORK (Reuters) – The S&P 500 edged higher on Tuesday as investors were encouraged by U.S. economic data, and the Nasdaq closed at a record high for the second day in a row with help from the technology and consumer discretionary sectors.
(Reuters) – UBS Group AG has appointed Solon Kentas, previously a managing director at Deutsche Bank AG , to lead the Swiss bank’s U.S. consumer and retail dealmaking efforts, UBS announced internally in a memo on Tuesday.
(Reuters) – Wells Fargo & Co is pulling back from retail banking in the U.S. Midwest, selling all of its branches in three states, as the bank embarks on a broader review of branch profitability across the country.
(Reuters) – The S&P 500 edged slightly higher on Tuesday, on track for its third straight day of gains, while Nasdaq hit an intraday record high with help from the technology and consumer discretionary sectors.
OTTAWA (Reuters) – The Group of Seven leading industrial nations can expect frank discussions on trade at a summit this week, which U.S. President Donald Trump is expected to attend, a senior Canadian government official said on Tuesday.
(Reuters) – Two of Allergan Plc’s shareholders, hedge funds Appaloosa Management and Senator Investment Group, asked the drugmaker’s board to split the role of chief executive officer and chairman as well as reconsider its acquisition strategy.
(Reuters) – U.S. companies continued a shopping spree for their own shares in May, making $173.6 billion in buyback announcements, the highest monthly total ever, according to a research report.
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