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Ng Han Guan | AP A profile of Huawei’s chief financial officer Meng Wanzhou is displayed on a Huawei computer at a Huawei store in Beijing, China, Thursday, Dec. 6, 2018. China’s Huawei Technologies has appointed Chairman Liang Hua as acting chief financial officer (CFO) following the arrest in Canada …
Read More »Monthly Archives: December 2018
Opening of tunnel under Hawthorne, LA, delay to Dec. 18
Lucy Nicholson | Reuters Elon Musk waves after speaking at a Boring Company community meeting in Bel Air, Los Angeles, California, May 17, 2018. Elon Musk said on Thursday that an underground tunnel developed by his privately held The Boring Company will open on Dec. 18 — an eight-day delay …
Read More »Tesla crossed a key milestone that could save a lot of money
David Paul Morris | Bloomberg | Getty Images Elon Musk, chairman and chief executive officer of Tesla Motors, speaks during an event at the company’s headquarters in Palo Alto, California. Tesla’s shares hit a key milestone on Thursday that considerably eases pressure on the company. Shares closed around $363 on …
Read More »Lululemon expands test loyalty program with $128 annual fee
Gary Hershorn | Corbis News | Getty Images A woman leaves the Lulilemon store at the Woodbury Common Premium Outlets Mall in Central Valley, NY. Lululemon has been testing a loyalty program that charges members $128 a year for curated experiences and free shipping, among other benefits, the company announced …
Read More »Markets are going haywire. Here’s why these sudden moves are here to stay
Xinhua News Agency | Getty Images A trader works at the New York Stock Exchange in New York, the United States, Dec. 4, 2018. Wherever Mark Connors looks at markets, from stocks to currencies to oil, he sees signs of the unknown. Equity investors got whipsawed this week during two …
Read More »Gunmaker American Outdoor Brands jumps more than 13% after earnings beat
Daniel Karmann | picture alliance | Getty Images A visitor holding a revolver by US manufacturer Smith & Wesson (S&W) at the IWA OutdoorClassics trade show for hunting, shooting sports, equipment for outdoor activities and for civilian and official security applications. American Outdoor Brands surged after the company reported second-quarter earnings …
Read More »Allegations link Huawei to illegal transactions with HSBC
Alexander Bibik | Reuters Meng Wanzhou, Executive Board Director of the Chinese technology giant Huawei, attends a session of the VTB Capital Investment Forum “Russia Calling!” in Moscow, Russia October 2, 2014. In the saga involving the recent arrest of Huawei CFO Meng Wanzhou in Canada, questions have surfaced as …
Read More »Southwest Airlines flight skids to end of the runway in Burbank
Daniel Slim | AFP | Getty Images A Southwest Boeing 737 lands at Los Angeles International Airport on May 24, 2018. A Southwest Airlines flight overran the runway at Hollywood Burbank Airport in California on Thursday, the airline said. No injuries were reported of the 112 passengers and five crew …
Read More »James Dolan settles with FTC for securities violation involving Madison Square Garden stock
Matthew Stave | Bloomberg | Getty Images James Dolan, President and CEO of Cablevision. James Dolan, the CEO of Madison Square Garden Co. and executive chairman of MSG Networks, will pay more than $600,000 in civil penalties to settle charges by the Federal Trade Commission he violated securities rules. The …
Read More »US probe into Huawei includes accusations of bank fraud and sanctions violations: Reuters
Alexander Bibik | Reuters Meng Wanzhou, Executive Board Director of the Chinese technology giant Huawei, attends a session of the VTB Capital Investment Forum “Russia Calling!” in Moscow, Russia October 2, 2014. Chinese telecoms giant Huawei’s chief financial officer was arrested as part of a U.S. investigation into an alleged …
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