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Monthly Archives: May 2018

Uber puts CEO Dara Khosrowshahi in ads to save its reputation

Anindito Mukherjee | Getty Images Dara Kowsrowshahi, chief executive officer of Uber Technologies Inc., looks on following an event in New Delhi, India, on Thursday, Feb. 22, 2018. Uber is deploying its top executive Dara Khosrowshahi in a series of national commercials — a rare Silicon Valley CEO spot appearance …

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Trump defends ZTE action as US and China talk trade deal

Kevin Lamarque | Reuters President Donald Trump gestures during a roundtable on tax cuts for Florida small businesses in Hialeah, Florida, April 16, 2018. President Donald Trump said Wednesday his reversal on Chinese company ZTE only relates to a “larger trade deal” his administration seeks with Beijing. Top Trump administration …

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Zoetis to buy veterinary diagnostics firm Abaxis for $1.9 billion

Karina Frayter | CNBC Michele Barrett, a dairy technical services veterinarian for Zoetis, is tasked with managing the health of cows and advising clients on the best uses for Zoetis’ products. Top animal health company Zoetis will buy Abaxis for $1.9 billion, as it looks to capture a bigger slice …

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Burger King launches themed sandwich to honor Harry and Meghan’s royal wedding

Daniel Acker | Bloomberg | Getty Images A Burger King Whopper and French fries are shown in Tiskilwa, Ill. Burger King has launched its own royal wedding-themed snack to tie in with Prince Harry and Meghan Markle’s nuptials on Saturday. The fast-food chain has released a new limited edition sandwich …

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Italy’s populists deny they’ll ask for debt forgiveness after clinching power

Tony Gentile | Reuters Italian Northern League leader Matteo Salvini speaks during a political rally in Milan, Italy February 24, 2018. The Italian right-wing Lega party denied reports that it’s seeking a 250 billion euro ($ 296.16 billion) debt write-off if it becomes part of a power-sharing deal with the …

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Jurgen Schmidhuber urges humans not to fear artificial intelligence

Tolga Akmen | Anadolu Agency | Getty Images Original robot used in filming ‘Terminator Salvation’ is seen at the Science Museum in London on February 7, 2017. If there are any concerns, it’s that humans should be worried about beings “that are similar to yourself” and share goals. Cooperation could …

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Buffett’s Berkshire adds to stakes in Teva and Monsanto in the first quarter

Chris Ratcliffe | Bloomberg | Getty Images Boxes of tablets, produced by Teva Pharmaceutical Industries. Warren Buffett’s Berkshire Hathaway reported larger holdings of the Israeli pharmaceutical company Teva Pharmaceutical and the St. Louis-based agricultural product giant Monsanto in the first quarter. Berkshire more than doubled its stake in Teva, to …

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Tesla is reportedly losing two energy leaders amid Musk’s reorganization

FilmMagic | HBO | Getty Images Elon Musk speaks on stage during the Westworld Featured Session during SXSW at Austin Convention Center on March 10, 2018 in Austin, Texas. Tesla’s energy unit lost two executives after CEO Elon Musk announced a “thorough reorganization” of the company, Bloomberg reported. Stationary storage …

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Tesla ‘moving in a good direction’ with shutdown: Gene Munster

VCG/VCG | Getty Images A Tesla Model 3 car is on display during the Auto China 2018 at China International Exhibition Center on April 25, 2018 in Beijing, China. Tesla had previously warned of 10 days of temporary shutdowns this quarter to address issues that have delayed volume production of …

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US rates surge and most portfolio managers don’t know what to do

Interest rates are hitting multiyear highs at a time when most portfolio managers have never dealt with this phenomenon before. The U.S. 10-year Treasury note yield rose to its highest level since 2011 on Tuesday, while the short-term two-year yield traded near levels not seen in about a decade, raising …

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