Business

Elon Musk tweets about going private and shares 'skyrocket'

Elon Musk tweets about going private and shares 'skyrocket' And yet it also left many questions unanswered, namely how Musk - who owns nearly 20 percent of the company - would be able to come up with the $66 billion necessary to complete the transaction. "The use of the specific price for a potential going private transaction is highly unprecedented". Musk owns almost 20 percent of the company. We reached out to Tesla to find out what this all means and ... [Full Article...]

Walmart cashier paints disabled woman's nails when salon refuses

Walmart cashier paints disabled woman's nails when salon refuses The pair picked out a shade of sparkly blue that Peters liked and sat down at the Subway seating area inside the Walmart in Burton, Michigan. Harris says that she has sometimes helped Peters shop and when she heard about Peters being turned away, stepped in to do her nails and make sure her day was not ruined. [Full Article...]

FCC admits its comment system never suffered DDoS attack

FCC admits its comment system never suffered DDoS attack Pai said in the statement he was "deeply disappointed" that the FCC's former chief information officer (CIO), whom he pointed out was hired by the prior administration and is no longer with the agency. The FCC did not immediately respond to a request for comment. ".we learned very quickly that there was no analysis supporting the conclusion in the press release, there were no subsequent analyse... [Full Article...]

Oil rises as U.S. sanctions on Iran stoke supply worries

Oil rises as U.S. sanctions on Iran stoke supply worries The Iran sanctions have officially been cast. French bank Societe Generale said there was now a "comfortable supply" in physical crude markets, but noted "Iran sanctions will take another 1 million bpd off the markets". Saudi Arabia's crude production dropped about 200,000 bpd last month, two sources at the Organization of the Petroleum Exporting Countries said on Friday, despite a pledge by the... [Full Article...]

Bitcoin (BTC) Price Analysis - August 6

Bitcoin (BTC) Price Analysis - August 6 The price of Bitcoin had been in a downward trend since last week after its failure to break the resistance level at $8,400. The news that we have seen, from the SEC saying bitcoin's a commodity, to ... The BMI indicator tends to be a contrarian indicator, added the analyst, with an under 27/100 rating often catalyzing a Bitcoin uptick, instead of a downtrend as some would rightfully assume. [Full Article...]

BURP ALERT - Ford to roll out buck-a-beer plan Tuesday

BURP ALERT - Ford to roll out buck-a-beer plan Tuesday Premier Doug Ford says participating businesses will be offered prime spots in Liquor Control Board of Ontario stores, or advertising in flyers or inserts, among other possible rewards. The price floor will affect beer that contains an alcohol percentage below 5.6%. The Tories have said a return to buck a beer would see more competition in the beer market without affecting the province's revenue... [Full Article...]

Fetus discovered on plane from Charlotte to NY

Fetus discovered on plane from Charlotte to NY Fetus was discovered by a cleaning crew Tuesday morning . Fetus was thought to be 5 months along . Part of that cooperation is turning over video recordings from the plane to determine who might have been in the restroom before passengers left Monday night, the airline source told the Observer. [Full Article...]

Musk says he may take Tesla private and shares roar

Tesla has been publicly traded since 2010, and has seen its share price rise from just under $20 then to $360 at time of writing. Musk owns almost 20pc of the company. "I believe Tesla considers Tweets as public disclosure". The fact that the tweet gives a specific price, and that $420 is a long-standing marijuana in-joke, makes it even more possible that this is a hoax or Musk's idea of a joke. [Full Article...]

The company that makes Nutella is looking to hire taste testers

The company that makes Nutella is looking to hire taste testers The job ad was published by Openjobmetis for Soremartec Italia, which is Ferrero's research and development company. The only catch is you have to relocate to Ferrero's headquarters in Italy - but even that sounds like a job perk! Thank you for signing up for the 5 Things to Know Newsletter. [Full Article...]

China warns of new tariffs on US goods

China warns of new tariffs on US goods Shipping containers and cargo vessels are seen at the Dachan Bay Terminals in Shenzhen, Guangdong province, China July 12, 2018. China's finance ministry unveiled new sets of additional tariffs on 5,207 goods imported from the United States , ranging from five to 25 per cent. [Full Article...]

Facebook Wants Banks to Hand Over Your Financial Information

Facebook Wants Banks to Hand Over Your Financial Information Facebook wants banks to share your financial data to expand Messenger, says report. According to The Wall Street Journal ( WSJ ), the latest data partnership Facebook is pursuing could involve some of the US' biggest banking organizations. [Full Article...]

NASCAR chairman Brian France charged with DWI in the Hamptons

NASCAR chairman Brian France charged with DWI in the Hamptons France was in possession of Oxycodone pills". First, here's the public story, as told by the Sag Harbor Village Police Department statement obtained by ESPN . The National Associated for Stock Car Auto Racing can safely describe itself as a family business. The 56-year old France is the grandson of NASCAR founder Bill France Sr. [Full Article...]

5 killed in plane crash near South Coast Plaza shopping center

5 killed in plane crash near South Coast Plaza shopping center The parking lot is shared by Staples, a CVS drug store, a Michaels' decorations store, and a Wells Fargo Bank branch. A twin-engine Cessna bound for John Wayne Airport in Orange County, California , crashed into the parking lot of a Staples office supply store on Sunday, killing all five people aboard, Orange County fire officials said. [Full Article...]

Pepsi's first female CEO Indra Nooyi to step down after 12 yrs

Pepsi's first female CEO Indra Nooyi to step down after 12 yrs He was elevated to president in September of previous year and was widely expected to succeed Nooyi, though at the time of his appointment Nooyi said she would remain CEO "for the foreseeable future". Dividends per share almost tripled from $1.16 in 2006 to $3.17 in 2017 and a compound annual growth rate of almost 10%, according to a PepsiCo statement. [Full Article...]

Trump 'starring in street fighter-style drama of extortion' says Chinese media

The move has prompted concerns of a global trade war as each nation has responded with retaliatory tariffs on USA products. China called for an end to the trade dispute through talks with the United States, but on May 29, the United States announced another round of tariffs on about $50 billion in Chinese goods. [Full Article...]

Iran urges enhanced co-op with Russia, China, neighbors

Iran urges enhanced co-op with Russia, China, neighbors Beijing has, however, agreed not to ramp up purchases of Iranian crude, according to the officials, who asked not to be identified because discussions with China and other countries continue. Iranian President Hassan Rouhani has warned the US against any attempt to stop Tehran's oil trade, threatening to block the strategically important Strait of Hormuz. [Full Article...]

Canada's June trade numbers surprisingly strong despite U.S. tariffs on metals

Canada's June trade numbers surprisingly strong despite U.S. tariffs on metals Canada's merchandise trade deficit with the rest of the world shrank dramatically in June to $626 million , the smallest in 17 months. The deficit had been expected to widen to $46.5 billion from the $43.1 billion originally reported for the previous month. [Full Article...]

Aimia partners with Porter, but is still negotiating with Air Canada

Aimia partners with Porter, but is still negotiating with Air Canada Rabe said that Aimia had been in discussions with Porter for "some time", but that Air Canada's bid to purchase the Aeroplan program "accelerated the speed of those discussions and made things come to a crystallized fashion more quickly". On Friday, it said it will partner with Toronto-based Porter Airlines. WestJet Airlines said it has no interest in joining Aeroplan after 2020. The parties had... [Full Article...]

WhatsApp launches new tools for business

WhatsApp launches new tools for business As you might know, following the success of Instagram Stories, Facebook made a decision to take that feature and apply it to Facebook and WhatsApp as well. The companies can now use the API to send the customized notifications with relevant events to the customers. On August 1st, WhatsApp announced in its blog post that new tools will allow businesses to offer customer support via WhatsApp... [Full Article...]

Oil steadies to trade higher after losses

Oil steadies to trade higher after losses According to two officials, the US hasn't been able to persuade China to reduce Iranian oil purchases, but Beijing has reportedly agreed not to increase its oil imports from Iran, Bloomberg reports . Gasoline futures fell 1.7 percent to settle at $2.0451 a gallon. That's compared with a forecast for a 3-million-barrel decline in a Bloomberg survey of analysts. [Full Article...]


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