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Monthly Archives: August 2018

Tesla starts hiring for new $2 billion Shanghai plant

VCG | Visual China Group | Getty Images A Tesla car is charging at a Tesla electric vehicle charging station in front of Baolong building on July 15, 2018 in Beijing, China.   The automaker’s website showed it is looking to fill 14 roles including architectural designer and senior finance manager. …

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US lack’s appetite to speak out, expert says

Mandel Ngan | AFP | Getty Images Saudi Arabia’s Crown Prince Mohammed bin Salman (L) meets with US President Donald Trump in the Oval Office of the White House on March 20, 2018 in Washington, DC. President Donald Trump’s administration is exacerbating an intensifying diplomatic row between Saudi Arabia and …

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Google welcome in China as long as it complies with law: State media

Aly Song | Reuters A Google sign is seen during the China Digital Entertainment Expo and Conference  in Shanghai, China August 3, 2018.  Google is welcome to return to China but only if it complies with the law, according to an opinion piece by state-backed newspaper People’s Daily, after reports …

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NewTV, led by Jeffrey Katzenberg and Meg Whitman, raises $1 billion

Tony Barson | WireImage | Getty Images Film producer and CEO of DreamWorks Animation SKG Jeffrey Katzenberg poses with the character Shrek for photographers during a media event before the evening’s premier of “Shrek the Third,” June 7, 2007, in Paris. Disney, Alibaba and Comcast’s NBCUniversal are part of a …

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Fulham, Wolverhampton spend big ahead of new season

Mike Hewitt | Getty Images Sports | Getty Images A dejected David De Gea of Manchester United looks at the ball in his net as Leonardo Ulloa of Leicester City scores his team’s opening goal during the Barclays Premier League match between Leicester City and Manchester United at The King …

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Commerzbank results Q2 2018 

Alex Kraus | Bloomberg | Getty Images The Commerzbank AG logo sits on an illuminated sign outside a bank branch as the bank’s headquarters stand beyond at dusk in Frankfurt, Germany, on Monday, Feb. 5, 2017.  German lender Commerzbank beat market expectations Tuesday with profits for the second period of …

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Talk of a tech crash is unjustified. Here’s why

Tech heavyweights Facebook, Apple, Netflix, Amazon and Google parent Alphabet have an inordinately large weighting on the Nasdaq, so any change in their financial health has a disproportionate impact on the index, both bullish and bearish. But is it fatal? Are tech ructions a precursor to another crash? There are …

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Stocks making biggest moves after hours: TWLO, Z & more

Brendan McDermid | Reuters A banner for communications software provider Twilio hangs on the facade of the New York Stock Exchange to celebrate the company’s IPO in New York City, June 23, 2016. Check out the companies making headlines after the bell: Twilio stock rocketed 16 percent in after-hours trading. …

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Ford executive said to leave over accusations of inappropriate conduct

Pradeep Gaur | Mint | Hindustan Times | Getty Images Ford global director of program management Prakash Patel at a launch of a Ford Mustang on January 28, 2016 in New Delhi, India.  A high-profile executive at Ford has reportedly left the company over accusations of inappropriate behavior, according to …

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Maker of Rubbermaid and CrockPot says tariffs could cost $100 million

Ty Wright | Bloomberg | Getty Images An employee stacks containers as they come out of the molding machine at the Newell Rubbermaid factory in Mogadore, Ohio The maker of Rubbermaid said tariffs could cost it $100 million, sending shares of Newell Brands tumbling more than 14 percent on Monday. …

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