EU News Digest Latest News & Updates
Dursun Aydemir | Anadolu Agency | Getty Images Tesla Model 3 is being displayed for the press members ahead of 97th Brussels Motor Show at Brussels Expo Center in Brussels, Belgium on January 19, 2019. Tesla shares fell 8 percent Friday, a day after the electric car maker said it …
Read More »Caesars appoints three Icahn-backed directors to board
Robert Alexander | Getty Images Caesars Palace Las Vegas Hotel and Casino located along the Las Vegas Strip in Las Vegas, Nevada U.S. casino operator Caesars Entertainment has struck a deal with investor Carl Icahn that appoints three new directors to its board, although the billionaire hedge fund manager continues …
Read More »Kraft Heinz lawsuit targets 3G stock transfer, writedown, SEC probe
Tiffany Hagler-Geard | Bloomberg | Getty Images Bottles of Heinz Kraft Co. Heinz brand Tomato Ketchup and Yellow Mustard are arranged for a photograph in Dobbs Ferry, New York, on Wednesday, Feb. 20, 2019. Kraft Heinz faces a new lawsuit questioning why controlling shareholder 3G Capital transferred $1.23 billion of …
Read More »Southwest Airlines sues mechanics’ union over grounded planes
Robert Alexander | Archive Photos | Getty Images A Southwest Airlines Boeing 737 passenger jet takes off from San Antonio International Airport in Texas. Southwest Airlines on Thursday alleged in a lawsuit that its mechanics’ union is encouraging the workers to purposefully write up minor maintenance issues in order keep …
Read More »February Caixin manufacturing Purchasing Managers Index
VCG | Visual China Group | Getty Images A worker checks water meters at a water meter plant on November 30, 2018 in Lianyungang, Jiangsu Province of China. A private survey on China’s manufacturing sector showed Friday that factory activity shrank for a third straight month in February. The Caixin/Markit …
Read More »Tesla not profitable in Q1
Tesla boss Elon Musk (L) walks with Shanghai Mayor Ying Yong during the ground-breaking ceremony for a Tesla factory in Shanghai on January 7, 2019. – Musk presided over the ground-breaking for a Shanghai factory that will allow the electric-car manufacturer to dodge the China-US tariff crossfire and sell directly …
Read More »Facebook’s Workplace reaches 2 million paid users
Screenshot Mark Zuckerberg delivers a keynote at Facebook’s Oculus Connect 5 event in San Jose, California, on September 26, 2018. Facebook on Thursday announced that Workplace, the company’s communications tool for companies, now has more than 2 million paid users. Facebook launched Workplace in late 2016, and since then, the …
Read More »Southwest shares gain after green light on Hawaii flights
Scott Olson | Getty Images A Southwest Airlines jet leaves Midway Airport in Chicago, Illinois. Southwest Airlines shares jumped nearly 5 percent on Thursday after the low-cost airline announced it won federal approval to start its long-planned service to Hawaii, where it’s making a big bet on growth this year. …
Read More »Amazon announces Project Zero to reduce counterfeit products
Alex Wong | Getty Images Amazon CEO Jeff Bezos, founder of space venture Blue Origin and owner of The Washington Post, participates in an event hosted by the Air Force Association September 19, 2018 in National Harbor, Maryland. Amazon is taking a new approach to its counterfeit problem by putting …
Read More »Tesla lining up about $2 billion in loans for Shanghai Gigafactory
Source: Shanghai Municipal People’s Government Shanghai Mayor Ying Yong and Tesla Chairman and CEO Elon Musk pose in from of a plaque for the Tesla (Shanghai) Ltd. Electric Vehicle Development and Innovation Center. Tesla is lining up about $2 billion (more than 13 billion RMB) from Chinese lenders to build …
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