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Monthly Archives: September 2018

SEC settles charges with Tesla’s Elon Musk, will remain as CEO 

DAVID MCNEW | AFP | Getty Images Elon Musk speaks near a Falcon 9 rocket during his announcement that Japanese billionaire Yusaku Maezawa will be the first private passenger who will fly around the Moon aboard the SpaceX BFR launch vehicle. The Securities and Exchange Commission has settled charges with …

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Oracle says Kurian has resigned three weeks after taking time off

David Paul Morris | Bloomberg | Getty Images Thomas Kurian, Oracle’s president of product development, speats at Oracle’s 2013 OpenWorld conference in San Francisco. Oracle said Thomas Kurian, the company’s president of product development, has resigned, three weeks after announcing that he was taking an unspecified amount of time off. …

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Sudden closure of $2.2 billion transit center embarrasses San Francisco

Karl Mondon | Digital First Media | Getty Images Chief architect of the new $2.26 billion Transbay Transit Center, Fred Clarke, far left, leads a press tour through the Grand Hall of the project in downtown San Francisco, Calif., on Wednesday, Aug. 8, 2018. The facility opens to the public …

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America’s most expensive weapons system just got a little cheaper

U.S. Air Force photo by Samuel King Jr. A U.S. Air Force F-35 Lightning II joint strike fighter approaches at Eglin Air Force Base, Florida. WASHINGTON — The Pentagon’s largest weapons supplier just cut a deal with the Defense department for the next batch of F-35 Joint Strike Fighters — …

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General Electric short sellers have made $673 million this year

Christopher Goodney | Bloomberg | Getty Images John Flannery, chief executive officer of GE. General Electric’s painful year as been a boon for investors who have placed big bets against the legacy industrial conglomerate. And Wall Street’s outlook for the company’s fourth quarter isn’t getting any rosier. GE has proven …

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EU Competition Commissioner Margrethe Vestager on Amazon investigation

EMMANUEL DUNAND | AFP | Getty Images European Commissioner for competition Margrethe Vestager addresses a press conference on Belgium excess profit tax scheme at the European Commission in Brussels on January 11, 2016. Margrethe Vestager, the European Commissioner for Competition, told CNBC’s Sara Eisen that one of her agency’s primary …

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‘I will cooperate’ with FBI probe of sex assault claims

Andrew Harnik | Bloomberg | Getty Images Brett Kavanaugh, U.S. Supreme Court associate justice nominee for U.S. President Donald Trump, speaks during a Senate Judiciary Committee hearing in Washington, D.C., U.S., on Thursday, Sept. 27, 2018.  A lawyer for Mark Judge, the high school buddy of embattled Supreme Court nominee …

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Google CEO to meet with US lawmakers after previous snub 

Stephen Lam | Reuters Google CEO Sundar Pichai speaks on stage during the annual Google I/O developers conference in Mountain View, California, May 8, 2018. Google CEO Sundar Pichai is scheduled to meet privately with members of Congress Friday after he and his boss, Google co-founder Larry Page, stood up …

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Trump signs spending bill to avert government shutdown

Oliver Contreras | Getty Images News | Getty Images President Donald Trump gestures during the Hispanic Heritage Month Celebration in the East Room of the White House on September 17, 2018 in Washington, DC. President Trump hosted the event to celebrate the heritage month with Hispanic leaders.  President Donald Trump …

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BlackBerry profit tops estimates on lower costs 

SeongJoon Cho | Bloomberg | Getty Images John Chen, chief executive officer of BlackBerry Ltd., holds the BlackBerry Priv smartphone. BlackBerry reported quarterly profit above Wall Street’s estimates on Friday, as lower expenses helped offset a drop in its enterprise software and services revenue. U.S.-listed shares of the company were …

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