• Elon Musk's Cousin, Former SolarCity CEO, Is Leaving Tesla Inc

    Elon Musk's Cousin, Former SolarCity CEO, Is Leaving Tesla Inc

    Finance

    Rive has served as head of sales and services for Tesla since past year. Rive told Reuters that he's more interested in "starting and running companies", but it's also true that Tesla has changed its strategy regarding installations on homes, which definitely impacts Rive's original vision of providing a means to get to low-priced, widespread distribution of aftermarket installations for everyday people.
  • US judge grants partial injunction against Uber in Waymo car case

    US judge grants partial injunction against Uber in Waymo car case

    Finance

    Judge William Alsup of San Francisco wrote the Uber either knew or should have known that Levandowski had taken more than 14,000 confidential files from Waymo. Things started souring when Google developed its own self driving technology and showed signs of piggy-backing it to enter the ride hailing business rather than licensing it to its long-time partner .
  • No US plane allowed to fly

    Finance

    The Riyadh-based HNC, which includes political and armed groups, cautioned against attempts to "partition the country through vague meanings of what has been called ..." The aircraft safety memorandum was signed in October 2015 after Russian Federation began bombing targets in Syria to support Syrian government forces in their fight against Islamic State and other armed groups.
  • C-919: China's first passenger plane completes maiden flight

    Finance

    The aircraft is expected to compete with the updated Airbus A320 and the new-generation Boeing B737 now dominating the domestic passenger jet market. It's now unlikely to carry commercial passengers until at least 2019. He also said it would take about three years for the C919 to get an airworthiness certificate, after which COMAC is committed to produce 20-50 of the type annually.
  • Finance ministers seek ways to make growth help more people

    Finance

    G7 finance ministers and central bank governors attending a two-day meeting in Italy have said they want a better sense of the plans of U.S. President Donald Trump , who has threatened to upset the global consensus of recent decades on issues such as trade and rules for the financial services industry.
  • SoftBank logs over Rs 9000 crore loss from Indian investments

    SoftBank logs over Rs 9000 crore loss from Indian investments

    Finance

    Valuation has been a roadblock for the proposed merger of Snapdeal with the country's largest e-commerce player Flipkart. NVP has been an early investor in Snapdeal . The Masayoshi Son-led Internetto- telecom conglomerate's latest write-off follows SoftBank's announcement in February of a $350 million loss on its investments in both Snapdeal and Ola.
  • Gabelli Lowers Tribune Media Co (TRCO) to Sell

    Gabelli Lowers Tribune Media Co (TRCO) to Sell

    Finance

    The ex-dividend date of this dividend is Thursday, May 18th. The overall volume in the last trading session was 1.34 million shares. The stock has a market cap of $3.64 billion, a price-to-earnings ratio of 267.77 and a beta of 1.44. Still, revenues for Tribune's television and media segment revenues fell 4% to $436 million during the quarter because of a $17.7 million decrease in net core advertising revenue and a $13.7 million decrease in net political advertising revenue.
  • Engineer in deadly Philadelphia Amtrak crash charged with causing catastrophe, involuntary manslaughter

    Finance

    NTSB IIC Mike Flanigon and members of the investigative team on the scene of the Amtrak Train 188 Derailment in Philadelphia, Pennsylvania on May 13, 2015. Kline and attorney Robert Mongeluzzi represent 32 victims in ongoing litigation against Amtrak, which has declined to comment to CNN . Investigators found no evidence that Bostian had been on his phone at the time of the crash, or that a bullet had been fired as first reported.
  • All the finalists of the Eurovision-2017 song contest defined

    All the finalists of the Eurovision-2017 song contest defined

    Finance

    Svala and her team performed her song Paper and gave a great performance according to many disappointed fans that took to social media to voice their opinions about the semi-finals. In the song contest's second semi-final, the former Hometown star sang Dying To Try in a bid to land a place in the Grand Final on Saturday in the 62nd annual Eurovision Song Contest.
  • Bank of England keeps rates at record low as economy slows

    Finance

    The Bank's two previous sets of quarterly forecasts brought big upward revisions to the growth outlook and on Thursday it only softened its short-term outlook a fraction, despite recent data showing that growth is now slowing sharply. But, if the Bank's more positive outlook towards the end of the three year forecast period comes to pass, the Monetary Policy Committee could move more rapidly towards interest rate rises than some expect.
  • Jakarta's Christian governor jailed for two years for blasphemy against Islam

    Finance

    He added: "If someone like Ahok, the governor of the capital, backed by the country's largest political party, ally of the president, can be jailed on groundless accusations, what will others do?" Indonesian Muslim protesters hold a rally during a trial for Jakarta governor Basuki Tjahaja Purnama outside the North Jakarta court on May 9, 2017.