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Tesla Sales Falling Flat Clouds Outlook for Musk's Bold Targets

The Tesla Model 3 is unlikely to experience delays in deliveries that were due to production issues with the battery packs. The Tesla Model 3 will be priced at $35,000. On Wednesday, Goldman Sachs cut its six-month price target on Tesla t...

Qatar's diplomatic crisis is sapping confidence in its state finances

Following the foreign ministers' meeting in Cairo , the quartet of blockading countries appear to be poised to implement further sanctions that could force other countries and companies to have to chose between doing business with them, or with Qat...

Vantiv, Worldpay Agree on Key Points of Potential Merger

The deal values Worldpay shares at £3.80 each plus a 5p dividend, a 20.7 per cent premium above their closing price on 29 June. Total digital payment transactions outside of conventional providers such as banks stands to be worth roughly $740 billi...

Rite Aid Corp (NYSE:RAD)

We've updated our RAD accretion estimates as a result of the new merger deadline of July 31st and we now estimate that the $1 billion synergy opportunity translates to $0.47 in EPS accretion by fiscal 2020, or 7% EPS accretion. The stock now has an...

Major global companies hit by cyber attacks

British firm WPP - which is the biggest advertising group on the planet - says its computer networks in several locations are affected. The government today said it has initiated proactive measures and is keeping a close vigil on the ransomware ...

Spithill skippers Oracle to 1st win in America's Cup

DEFENDING champion Oracle Team USA clawed its way back into the America's Cup on Saturday with a much-needed win over Emirates Team New Zealand to reduce its deficit to 1-4 in the first-to-seven final. He crossed ahead on the third leg. "That...

Trump organization ends management of Toronto tower

Trump Hotels and JCF Capital, which has owned the building since late 2016, announced Tuesday that they were ending their contract. The building and another one elsewhere in Vancouver, British Columbia, have become popular gathering spots to prote...

Wounded Rep. Steve Scalise out of intensive care

He was near death when he arrived at the hospital and remained in critical condition into this week. Doctors say Congressman Scalise is in fair condition and is in the process of healing and rehabilitation. Hodgskinson, was fatally shot by o...

Hedge fund star Dan Loeb bets $3.5 billion on Nestle

It said in the letter that it has already had productive conversations with Nestle management. Food companies are under pressure to reduce costs, after Kraft Heinz Co.'s unsuccessful bid for Unilever earlier this year showed that even the large...

Altice USA Prices Offering at $30 Per Share

The IPO is part of a USA offensive by Drahi and Altice, which operates cable and broadband in 21 U.S. states and competes against American rivals such as Verizon and Comcast. Altice's IPO comes close on heels of another offering by cable company ...

Biggest US banks clear first hurdle in Fed's annual stress tests

Overall, officials found that in the most severe scenario, companies would have suffered about US$383 billion in losses on loans. Passing the stress test does not necessarily mean a lender will pass the CCAR as the PhDs at the Fed can approve or flun...

Millions of detailed voter records found unprotected on the internet

A California-based cybersecurity firm found a database of almost 200 million American voters - along with their preferences and modeling data - left unsecured on an Amazon cloud server by data contractors working on Donald Trump's 2016 presid...

Uber board member apologies for remark about talkative women

After fellow board member Arianna Huffington said the presence of a woman on the board was likely to attract other females, Bonderman remarked that it actually meant "more talking", according to a person who heard the exchange. Therefore, I have ch...

Uber Board Said To Be Considering Leave Of Absence For Kalanick

The board met on Sunday to talk about changes regarding the company's management structure. An Uber spokesman had no comment. By taking on entrenched taxi companies and regulators around the world, Uber has developed a win-at-any-cost reputat...

$3.8 billion Dakota Access oil pipeline begins service

ETP maintains it didn't intentionally do anything wrong in either case. Regulators decided during a Wednesday meeting to hold hearings in either July or August. "This pipeline became operational today, yet it has already leaked at least three time...

British PM, rival face angry voters as election nears

LABOUR will create one million decent jobs and build an economy where the whole country shares its wealth, Jeremy Corbyn pledged yesterday. Corbyn is a far-left politician with pro-Palestinian sympathies who, critics say, has failed to address hate s...

United States unemployment rate dips to 4.3 percent

This also suggests that the jobs market is fairly tight right now and that employers are not feeling pressure to increase either wages or the workweek significantly in order to prevent workers from leaving for greener pastures. The figures from Ameri...

All-Star promise: Subban says Preds will win Game 3 vs. Pens

Through two games in the Stanley Cup Final, Rinne and the Nashville Predators' first trip to the Final, Pekka has been the reason the Predators have lost two straight for the first time in this 2017 postseason. Rinne is a three-time Vezina Trop...

China will stick to Paris climate deal

That's what the top House Democrat is calling President Donald Trump's expected decision to pull the USA from a historic climate agreement. The US administration under Trump - who once called climate change a "hoax" - has resisted intense pre...

Schapelle Corby arrives in Australia after last-minute flight change to avoid media

She was taken in a convoy from her Bali villa to the airport, to catch a flight to Brisbane . " Schapelle Corby's name has been famous for 12 or 13 years, she's a brand, there's no doubt about it". She bid farewell to Bali with a photo of her...

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Breaking News

Jailing of Samsung heir raises questions over company's outlook

This week, Samsung's billionaire heir-apparent Lee Jae-yong sentenced to five years in prison for bribery. In return, they were promised of government support in the merger of ...

Trump comments on NAFTA talks put some Arizona businesses on edge

Donald Trump has threatened to cancel NAFTA less than one week into the renegotiation of the trade agreement, providing an early indication that the upcoming talks might occur un...

LeBron James and Dwyane Wade could reunite with Cavaliers

Earlier in the offseason, Wade opted in to the final year of his contract with the Bulls and is set to collect almost $24 million. Friedell says those players didn't appreciate ...

Total to Buy Maersk's Oil and Gas Business for $4.95 Billion

The Maersk assets will boost the French giant's business in the North Sea, adding to deals earlier this year that expanded its presence in Uganda and Brazil . In addition, the...

Watch Secret Superstar first song Main Kaun Hoon

Main Kaun Hoon is her first song, which garners her much appreciation for her voice. The song was launched in the presence of Aamir Khan along with director Advait Chandan and...

Flag mistake: Foreign Ministry extends apology to Indonesian government, people

President Joko "Jokowi" Widodo also called for an apology but cautioned against exaggerating the incident. Indonesia's flag has a red stripe above a white stripe, but it was pr...

Sensex gains 70 points, Nifty regains 9900 mark

Other gainers were Reliance Industries at Rs 1,589.90 per piece up 1.46%, followed by Tata Steel at Rs 635.10 (0.85%), Bharti Airtel at Rs 409.70 per piece (0.75%), Dr Reddy'...

US July retail sales volumes jump past forecasts

Internet-driven purchases probably received a boost from the spike in online shopping tied to Amazon.com's Prime Day event. Wall Street shares ended Tuesday little changed, but t...

Target takes steps to compete more seriously with Amazon

In a blog post on Target's corporate website, Valdez said Grand Junction will help Target offer product assembly, installation and other services. Rob: Our team is excited abou...

Toyota, Mazda Corp. to Establish $1.6-Bln Joint Venture in US

Toyota and Mazda will invest $1.6 billion to produce crossover models and Toyota's Corolla sedan in the United States starting 2021. On Friday (4 August), the Japanese auto...

Special Reports

Teenager jumps out of plane's emergency exit as it lands

Teenager jumps out of plane's emergency exit as it lands

The teen, a USA citizen, was accosted by a construction crew working nearby on the airfield. He was also reportedly taken to a hospital for a psychiatric evaluation. Airport spoke...

Sprint Surprises with Profit, Says a Deal May Be Coming Soon

Sprint Surprises with Profit, Says a Deal May Be Coming Soon

Therefore, the firm believes, irrespective of the potential M&A target, be it Charter, T-Mobile US Inc (NASDAQ: TMUS ), DISH Network Corp (NASDAQ: DISH) or someone else, there...

HSBC in €255m plan to move 1000 jobs to Paris after Brexit

HSBC in €255m plan to move 1000 jobs to Paris after Brexit

It also announced a share buyback program of up to $2 billion, which is expected to be completed this year. "We have made an excellent start to 2017", Chief Executive Stuart G...

Teavana closing at Lehigh Valley Mall, all 378 other locations

Starbucks' U.S. business - already suffering from heightened competition from meal kit sellers and convenience stores - has seen membership growth slow down due to changes made in ...

Britain to ban sale of new diesel and gasoline cars by 2040

Britain to ban sale of new diesel and gasoline cars by 2040

The move is one of a series of measures aimed at reducing emissions in the United Kingdom and is contained in a new air quality plan . The Society of Motor Manufacturers and Tr...