EU News Digest Latest News & Updates
Dan Acker | Bloomberg | Getty Images Recipe cards from a Blue Apron Holdings Inc. meal-kit delivery are arranged for a photograph in Tiskilwa, Illinois, U.S., on Wednesday, June 14, 2017. Meal-kit companies originally built their businesses using subscription models and deep discounts that didn’t result in long-term customer loyalty. …
Read More »Analysts unnerved by surprise exit of Tesla CFO: ‘Significant loss’
Peter Parks | AFP | Getty Images Elon Musk, CEO of Tesla and SpaceX. Tesla’s announcement that Chief Financial Officer Deepak Ahuja is retiring has unnerved Wall Street’s top analysts and overshadowed the company’s sales beat in the fourth quarter. Many viewed the loss of the longtime executive as the …
Read More »Amazon earnings preview q4 2018
Andrew Harrer | Bloomberg | Getty Images Jeff Bezos, founder and chief executive officer of Amazon.com Inc., listens during an Economic Club of Washington discussion in Washington, D.C., U.S., on Thursday, Sept. 13, 2018. The last two times Amazon has reported quarterly results, revenue has fallen short of expectations. Now …
Read More »Google apologizes for violating Apple policy
Saul Loeb | AFP | Getty Images Google CEO Sundar Pichai testifies during a House Judiciary Committee hearing on Capitol Hill in Washington, DC, December 11, 2018. Google admitted Wednesday that one of its apps violated the same policies as a Facebook app that landed the social network in hot …
Read More »Elon Musk sees ‘pretty nutty’ demand for Tesla even with a recession
Qilai Shen | Bloomberg | Getty Images GP: Elon Musk, chief executive officer of Tesla Inc., speaks during an event at the site of the company’s manufacturing facility in Shanghai, China, on Monday, Jan. 7, 2019. Tesla CEO Elon Musk said the electric car maker is predicting “pretty nutty” growth …
Read More »Musk says Tesla CFO Deepak Ahuja is leaving the company
Daniel Acker | Bloomberg | Getty Images Deepak Ahuja, Tesla CFO (left) and Elon Musk, Tesla founder and CEO (right), at the Nasdaq opening bell ceremony for the Tesla initial public offering on Tuesday, June 29, 2010. Tesla’s long-time chief financial officer, Deepak Ahuja, is retiring from the company after …
Read More »Tesla says it has enough cash to settle its $920 million bond payment
Patrick T. Fallon | Bloomberg | Getty Images Elon Musk, co-founder and chief executive officer of Tesla Inc. Tesla, which released its fourth-quarter earnings Wednesday, assured investors that it has enough cash on hand to handle a large bond payment due in about five weeks. “We have sufficient cash on …
Read More »Investors who sold Apple after its first-quarter warning are looking silly now
With Apple shares rallying following the company’s better-than-expected profit report, some investors who sold the stock earlier this month following the company’s first-quarter revenue warning may be feeling a bit surly. Stock of the iPhone maker jumped more than 4.5 percent after the opening bell Wednesday to about $162, representing …
Read More »Apple says Facebook violated its policies with its research app
Christophe Morin/IP3 | Getty Images News | Getty Images Mark Zuckerberg, chief executive officer and founder of Facebook Inc. attends the Viva Tech start-up and technology gathering at Parc des Expositions Porte de Versailles on May 24, 2018 in Paris, France. Apple has revoked some developer privileges from Facebook following …
Read More »Apple sued for FaceTime bug that let people eavesdrop
Visual China Group | Getty Images Apple Inc. CEO Tim Cook attends China Development Forum (CDF) 2018 at the Diaoyutai State Guesthouse on March 24, 2018 in Beijing, China. China Development Forum (CDF) 2018 is hosted by the Development Research Center of the State Council of China on March 24-26 …
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