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Dow hits record high while tech cedes ground

July 31, 2017 by  
Filed under News

(Reuters) – The Dow Jones Industrial Average hit a record high on Monday, helped by Boeing, while selling in Facebook, Alphabet and other technology companies kept the S&P 500 flat and pulled the Nasdaq lower.


Source: Reuters Business News

Tesla drops after Musk warns of 'manufacturing hell'

July 31, 2017 by  
Filed under News

SAN FRANCISCO (Reuters) – Shares of Tesla dropped 3.5 percent on Monday after Chief Executive Elon Musk warned that the electric carmaker would face “manufacturing hell” as it ramps up production of its new mass-market Model 3 sedan.


Source: Reuters Business News

HBO says data hacked, media says 'Game of Thrones' targeted

July 31, 2017 by  
Filed under News

NEW YORK (Reuters) – U.S. cable channel HBO said on Monday that hackers had stolen upcoming programming, and Entertainment Weekly reported that the theft included a script for an unaired episode of the hit fantasy show “Game of Thrones.”


Source: Reuters Business News

Lawsuit says Wells Fargo auto insurance charges were a fraud

July 31, 2017 by  
Filed under News

(Reuters) – A new lawsuit accuses Wells Fargo & Co of racketeering violations and fraud after the bank admitted to charging several hundred thousand borrowers for auto insurance they did not ask for or need, causing many delinquencies.


Source: Reuters Business News

Discovery to buy Scripps Networks in bid for content clout

July 31, 2017 by  
Filed under News

NEW YORK (Reuters) – Discovery Communications Inc is acquiring Scripps Networks Interactive Inc for $11.9 billion in a deal expected to boost the company’s negotiating leverage as pay TV operators lose subscribers and it seeks new audiences.


Source: Reuters Business News

Outside adviser to Trump calls for firing of CFPB head Cordray

July 30, 2017 by  
Filed under News

WASHINGTON (Reuters) – An outside adviser to U.S. President Donald Trump called on Sunday for the firing of Consumer Financial Protection Bureau director Richard Cordray.


Source: Reuters Business News

VW sale of Ducati, Renk units lacks board support

July 30, 2017 by  
Filed under News

BERLIN (Reuters) – Volkswagen’s planned sale of motorcycle brand Ducati and transmissions maker Renk has currently no majority backing on the carmaker’s supervisory board, with opponents to asset sales feeling invigorated by the group’s strong results.


Source: Reuters Business News

Facebook's Sandberg calls for new policies to boost women's pay

July 30, 2017 by  
Filed under News

LONDON (Reuters) – Facebook Inc Chief Operating Officer Sheryl Sandberg called on governments and companies to do more to close the gender pay gap on Sunday and said both girls and boys should be encouraged to become leaders from an early age.


Source: Reuters Business News

Daimler finance arm expects record year after first-half gains

July 30, 2017 by  
Filed under News

BERLIN (Reuters) – Daimler’s finance arm said it was heading for another record year after signing nearly one million new leasing and finance contracts between January and June.


Source: Reuters Business News

Tesla's Musk hands over first Model 3 electric cars to early buyers

July 29, 2017 by  
Filed under News

FREMONT, Calif. (Reuters) – Tesla Chief Executive Officer Elon Musk said on Friday the Model 3 had over half a million advance reservations as he handed over the first 30 to employee buyers, setting the stage for the biggest test yet of the company’s strategy to become a profitable, mass market electric car maker.


Source: Reuters Business News

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