Business

Lawsuits accuse Tesla's Musk of fraud over tweets, going-private proposal

Lawsuits accuse Tesla's Musk of fraud over tweets, going-private proposal The comment by Elon Musk on Twitter on taking the company private alerted the Securities and Exchange Commission and the regulatory body is said to have initiated an inquiry into the issue. So, even if Musk did post the tweet hoping to damage short sellers by boosting Tesla stock price, it wouldn't be illegal unless it were untrue, she said. [Full Article...]

Local pilot reacts to stolen Horizon airplane

Local pilot reacts to stolen Horizon airplane Witnesses report F-15s chasing plane then saw smoke, and loud boom. "As far as taking off and navigating your way through SeaTac that's a big airport. "I don't know what the burnage is like on takeoff, but it burned quite a bit faster than I expected". After the plane approached Ketron Island, Waldron saw a thick column of smoke followed by a loud explosion, he said. [Full Article...]

Jury backs man who claims Roundup weed killer caused cancer

Jury backs man who claims Roundup weed killer caused cancer Monsanto "acted with malice, oppression or fraud and should be punished for its conduct", Judge Suzanne Ramos Bolanos announced in court. File Photo: Plaintiff Dewayne Johnson listens as attorney Brent Wisner (out of frame) speaks about his condition during the Monsanto trial in San Francisco, California, US, Jul 9, 2018. [Full Article...]

Dow down 200, emerging markets crashing on US-Turkey geopolitical concerns

Putting a 50 percent tariff on a foreign country's steel exports isn't the most conventional way to secure an imprisoned American's relief. Bank shares across Europe fell and the euro slipped to its lowest since July 2017 as the Financial Times quoted sources as saying the European Central Bank was concerned about European lenders' exposure to Turkey. [Full Article...]

Trump doubles tariffs on Turkey, stoking jitters

Trump doubles tariffs on Turkey, stoking jitters Zafer Tulus, whose family has owned a butcher shop for more than 200 years, has been forced to close down the business. Germany's DAX index slid 2 percent. "The only way to correct these policy mistakes is to really make some concrete changes on the fiscal and monetary side". As the lira falls in value, the debt becomes harder to pay. [Full Article...]

Kremlin calls new Trump sanctions 'unacceptable'

Kremlin calls new Trump sanctions 'unacceptable' The State Department announced the penalties on Wednesday - a response to the poisoning last March of former Russian agent Sergei Skripal, 66, and his daughter Yulia, 33, in the British town of Salisbury. Kremlin spokesman Dmitry Peskov, speaking to reporters on a conference call, said the USA move was "absolutely unfriendly". "You can impose sanctions against another state because you want ... [Full Article...]

United States unveils list of products facing tariffs

United States unveils list of products facing tariffs And the conflict is likely to escalate: The administration is preparing tariffs of up to 25 percent on an additional $200 billion in Chinese products. intellectual property by Chinese firms. But it held off on a final $16 billion as a result of concerns raised by USA companies. "There are only two hard outcomes so far and China's winning 2-0", Moon said. [Full Article...]

New York City Council Votes to Cap Uber and Lyft

New York City Council Votes to Cap Uber and Lyft Lawmakers on Wednesday approved a proposal to freeze new licenses for auto service drivers for one year, becoming the first large city in the U.S.to impose such restrictions. City officials would set the wage. Lyft and Uber criticized the city council's actions, and both emphasized their commitment to easing congestion in NYC by reducing the number of cars on the road through other methods and l... [Full Article...]

Tesla’s Big Question: Better or Worse Off as Private Company

Tesla’s Big Question: Better or Worse Off as Private Company However, Musk expects the shareholders to agree with him and allow him to take the company private again. The Wall Street Journal reported Wednesday that SEC investigators could be looking into a variety of violations such as artificially raising the automaker's value via the Tweet and failure to disclose the source of funding to shareholders. [Full Article...]

Obama: Former President Gets Showered with Birthday Love from Hollywood!

Obama: Former President Gets Showered with Birthday Love from Hollywood! State lawmakers unanimously passed the law previous year to designate each August 4 as a commemorative holiday to celebrate the 44th president, whose political career began in IL. Sharing a photo of her husband overlooking a scenic landscape, Michelle took to her social media to wish her man a happy birthday with a special post to Obama. [Full Article...]

Dead fetus reportedly found on plane at LaGuardia Airport

Dead fetus reportedly found on plane at LaGuardia Airport Early Tuesday, an attendant cleaning one of the jetliner's four bathrooms saw a large amount of toilet paper in the lavatory, CBS News reported, citing an unnamed source. American Airlines said it would not impact the rest of their fleet. "We will release determination when investigation is complete". Officials with the Port Authority of New York & New Jersey, which manages the airport, did... [Full Article...]

It's been an afternoon of terror for traders betting against Tesla

It's been an afternoon of terror for traders betting against Tesla Tesla CEO Elon Musk says he is considering taking the electric vehicle maker private. Forward-looking: Taking Tesla private could solve a lot of headaches for Musk but it wouldn't be cheap. Since Tesla is also the most shorted stock in history, Musk said the company's doubters have incentive to bash the company and depress the company's share price. [Full Article...]

Doug Ford announces $1 beer by Labour Day weekend

Doug Ford announces $1 beer by Labour Day weekend In hopes of getting brewers on board with cheaper beer, Ford announced he is offering incentives to brewing companies. Barley Days Brewery , where Ford made his announcement, has said they will be releasing a specialty beer for $1. While some consumers welcome the news, some brewers say they won't participate. "It was hard for us to make beer anywhere less than $2 per short can in costs alone",... [Full Article...]

Elon Musk tweets about going private and shares 'skyrocket'

Elon Musk tweets about going private and shares 'skyrocket' August 2, 2018. Such backers begged Musk on Twitter to be allowed to keep their shares, and Musk assured them that they could. However, given Musk's lack of concern for industry norms and his ongoing feud with short-sellers, it's not out of the realm of possibility. [Full Article...]

NASCAR CEO Brian France Busted For DUI In The Hamptons

NASCAR CEO Brian France Busted For DUI In The Hamptons France took over as CEO of NASCAR in 2003, following in the footseps of his father and grandfather, who founded the organization in 1948. Brian France , the CEO of NASCAR , is taking a leave of absence from the company after he was arrested and charged with driving while intoxicated in NY. [Full Article...]

Facebook wants your financial data to expand Messenger, says report

Facebook wants your financial data to expand Messenger, says report The primary concern among many banks and individual customers with regards to Facebook's latest attempts at expansion is data privacy . The banks asked by Facebook included JPMorgan Chase , Wells Fargo , Citigroup , and U.S. The idea is that messaging with a bank can be better than waiting on hold over the phone - and it's completely opt-in. "Facebook has talked about a feature that would... [Full Article...]

Trump says Republicans should run on his record

Trump says Republicans should run on his record Trump rarely allows a slight to pass unanswered, but James appeared off limits by the time the president crossed the OH border to campaign for state Sen. The president laid blame squarely on Congress's doorstep, saying, "Our weak laws that have been given to us by weak people in Congress", and, "The Democrats have been awful on border security, and many of them are standing there and sitting there... [Full Article...]

China Restrained in Trade Tariffs, Won't Accept US 'Blackmail'

China Restrained in Trade Tariffs, Won't Accept US 'Blackmail' Duties ranging from 5% to 25% will be levied on 5 207 kinds of American imports if the usa delivers its proposed taxes on another $200 billion of Chinese goods, the Ministry of Finance said in a statement on its website late Friday. The list included products as varied as snow blowers and 3-D printers, suggesting Chinese authorities were struggling to find enough imports their own economy can ... [Full Article...]

Oil turns positive as US inventories seen lower

Oil turns positive as US inventories seen lower The increase in American oil shipments follows the world's fifth-largest oil importer halting Iran crude loadings from July, ahead of USA sanctions, while its refiners are also seeking cheaper alternatives to Iraq's Basra crude. Additionally, Russia appears to have increased its production in line with OPEC's decision in late June to increase its output, with its crude and condensate production in... [Full Article...]

Canada's merchandise trade deficit shrinks

Canada's merchandise trade deficit shrinks Canada's economy showed some surprising resilience in the face of newly minted USA tariffs on Canadian steel and aluminum industries with strong export growth in most other sectors softening the blow of those new duties. On Friday, Trump's chief economic advisor Larry Kudlow told Bloomberg TV that the administration will keep pressing China for trade reform after China on Friday announced a ... [Full Article...]


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