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Economy

The news comes a day after Musk said Tesla was undergoing a "thorough reorganization" as it contends with production problems, senior staff departures and recent crashes involving its electric cars. "Ensuring that drivers remain engaged and prevented with the use of the autopilot, is extremely important". Autopilot, a form of advanced cruise control, handles some driving tasks and warns those behind the wheel they are always responsible for the vehicle's safe operation, Tesla has said.
  • Novartis CEO on Michael Cohen deal

    Novartis CEO on Michael Cohen deal

    Economy

    Rudy Giuliani , a lawyer for Trump, said Wednesday that the president was unaware of Cohen's consulting agreements. When AT&T swung its deal with Cohen, the merger was very much an issue in Washington. AT&T's vast lobbying team, which includes more than 100 people, and public policy staff will now report to the company's general counsel, David McAtee.
  • Starbucks Bathrooms Are Now Open To All Following Recent Scandal

    Starbucks Bathrooms Are Now Open To All Following Recent Scandal

    Economy

    Capital International Investors boosted its stake in shares of Starbucks by 28.3% during the 3rd quarter. This repurchase authorization permits the coffee company to buy shares of its stock through open market purchases. The firm had revenue of $6.03 billion for the quarter, compared to analysts' expectations of $5.93 billion. Its up 0.49% from 184,100 shares previously.
  • Ford temporarily halts F-150 production

    Ford temporarily halts F-150 production

    Economy

    BMW , Fiat Chrysler Automobiles, General Motors and Mercedes-Benz are also reporting production disruptions due to the Meridian plant fire. Mercedes' facilities in Alabama have adjusted hours in response to the supply interruption . Ford is working with the supplier to shift production elsewhere while it repairs its factory. Insiders suggest the assembly lines could remain idle for several weeks as Ford tries to source the missing parts from elsewhere.
  • California moves toward solar panel requirement

    California moves toward solar panel requirement

    Economy

    The California Energy Comission says that the new rule should cost the average single-family homeowner an additional $10,000 or so in upfront building costs. The Energy Commissioners is taking a significant step to continue its push for lowering greenhouse gas emissions - using the sun as its saver. In this tight housing market, any roof - with or without solar panels - is desirable, real estate agents say.
  • Sensex rises over 100 points; Nifty near 10750

    Sensex rises over 100 points; Nifty near 10750

    Economy

    U.S. crude, however, topped the $75 mark for the first time since 2014. The broader NSE Nifty ended 0.02 percent higher at 10,717.8, holding above 10,700 level for a second straight session. Meanwhile, foreign portfolio investors (FPIs) sold shares worth Rs 1,628.23 crore on net basis, while domestic institutional investors (DIIs) bought equities to the tune of Rs 1,084.09 crore last Friday, provisional data showed.
  • Fox deal is 'not gonna happen,' analysts say

    Fox deal is 'not gonna happen,' analysts say

    Economy

    The cable and broadband giant is in talks with banks to obtain some $60 billion in bridge financing needed to bid for Rupert Murdoch's Fox, said reports . Comcast's stock fell 5.5 percent Tuesday to $30.59 in response to the news. Shares in Sky were down 1.5% at 1,352p in mid-morning trading. The buyout would include Fox channels including FX and Nat Geo, among others , but would not involve Fox News, Fox Business Network, Fox Sports 1 or 2, the Big Ten Network or the Fox ...
  • Jason Day wins the Wells Fargo Championship

    Jason Day wins the Wells Fargo Championship

    Economy

    Watney made a 59-foot birdie putt on the last hole for a 69 and his best finish in three years. After opening with 69-68-69, the 40-year-old began T3, three back. Englishman Paul Casey also sits on seven under after recovering from two early bogeys to add two birdies and a eagle for a two-under 71. "And he's a great putter ".
  • Tesla drops in premarket after Musk lets loose on call

    Tesla drops in premarket after Musk lets loose on call

    Economy

    But neither can be said to "represent a short seller thesis, not investors", as Musk wrote on Twitter . Nord LB analyst Frank Schwope said that Musk's refusal to answer questions or receive criticism was "not very clever" but added that his ability to find new money was still intact.
  • Unemployment still sticking it to Alaska economy

    Unemployment still sticking it to Alaska economy

    Economy

    To more fully gauge the health of the job market, economists look at a broader measure of employment that looks at: The unemployed; people who want to work but have given up searching; and people working part-time who can't find full-time work.
  • 'Indians caught up in Windrush scandal'

    'Indians caught up in Windrush scandal'

    Economy

    While the Conservative government has sought to treat the crisis as an isolated issue at the Home Office, with new South Asian-origin Home Minister Sajid Javid pledging a raft of measures to inject transparency into a review process into how the crisis came about, opposition parties have pinned the blame on the wider immigration policy environment.
  • Fed Notes Resurgent US Inflation, Leaves Key Rate Unchanged

    Fed Notes Resurgent US Inflation, Leaves Key Rate Unchanged

    Economy

    As forecast the US Federal Reserve sat on its hands at its two day meeting in Washington, but sent hints that rates will rise again in coming months. The March inflation pick-up reflected in part the fading effect of steep cuts to mobile phone charges early past year. As expected ahead of time, there was no rate hike by the FOMC .
  • Amazon looking to outbid Walmart in Flipkart deal

    Amazon looking to outbid Walmart in Flipkart deal

    Economy

    While it is being speculated that Walmart may retain the top management of the company after the acquisition goes through, it is also being said that the two founders - Sachin Bansal and Binny Bansal - are looking to sell their entire stake in the company.
  • Two Men Arrested At Starbucks Settle For $200000 Youth Programme

    Two Men Arrested At Starbucks Settle For $200000 Youth Programme

    Economy

    Attorney General Eric Holder, whose part of the team crafting the curriculum for that afternoon training session, Starbucks said . The men will work with the city and a nonprofit organization to develop criteria, review applications and award the $200,000 grant, Dunn said.
  • Sunderland academic shares views on minimum alcohol pricing

    Sunderland academic shares views on minimum alcohol pricing

    Economy

    Health campaigners argue when the price of alcohol goes down, consumption of alcohol goes up. The 50p minimum unit price means that a bottle of 40% whisky can not be sold for less than £14, while a bottle of 37.5% vodka can not be sold for less than £13.13.
  • Snapchat user growth stagnant amid redesign backlash

    Snapchat user growth stagnant amid redesign backlash

    Economy

    A logo of Snap is displayed on a monitor above the floor of the New York Stock Exchange shortly after the opening bell in New York, U.S., December 5, 2017. At the time, Citi analysts also said the redesign was not popular with many of Snapchat's users or with influencers. "We are now focused on optimizing the redesign based on our ongoing experimentation", CEO Evan Spiegel said in a statement.