Business

Rivers will only coach Clippers; Frank to run front office

Rivers will only coach Clippers; Frank to run front office

He will now go back to being just the head coach, while Lawrence Frank will overtake his role of head of basketball operations. The team said the change came as a result of discussions between Rivers and owner Steve Ballmer . Wojnarowski reports that both Frank and Rivers will report directly to owner Steve Ballmer and that both men "enjoy a strong personal and professional relationship, which has allowed for them to cement a shared vision on the franchise's future".


Things That Travel as Fast as Hyperloop One's First Test Run

Things That Travel as Fast as Hyperloop One's First Test Run

Rather than digging the wide tunnels typical until now, which require a diameter of around 28 feet for a single lane of traffic, Musk's business sees far more practical narrow tunnels - around 14 feet across - as the solution. The test was conducted on July 29, just days after Musk's announcement. The company was also said to be talking to Russian Federation about installing a hyperloop system there as well.


Kraft Heinz Cooks Up Earnings Beat but Could Still Use Unilever

Kraft Heinz Cooks Up Earnings Beat but Could Still Use Unilever

Even though sales were a bit down for Kraft Heinz , the numbers are at least hopeful. Stock Yards Bank & Trust Co. now owns 17,964 shares of the company's stock valued at $1,631,000 after buying an additional 1,615 shares in the last quarter.


Wells Fargo & Company (NYSE:WFC) Volume Spiking Mid-session

Wells Fargo & Company (NYSE:WFC) Volume Spiking Mid-session

Wells Fargo & Co New (Put) now has $262.31 billion valuation. The stock rose 0.34% or $0.53 reaching $156.1. About 47,661 shares traded. Wells Fargo & declared that its Board of Directors has authorized a share buyback plan on Wednesday, June 28th that allows the company to buyback $11.50 billion in shares.


Japan: Famous Tsukiji Fish Market Evacuated After Fire Breaks Out

Japan: Famous Tsukiji Fish Market Evacuated After Fire Breaks Out

Media reports said it spread to four buildings covering an area of some 200 square metres. Plans to uproot the decades-old market have been in the works for years, with advocates citing the need for upgraded technology as they pointed to Tsukiji's antiquated refrigeration systems.


United Kingdom auto sales fall for fourth month

United Kingdom auto sales fall for fourth month

Growing uncertainty over Brexit is believed to have fuelled the fourth consecutive month of decline in sales of new petrol and diesel cars. "And the Government seems to enjoy kicking diesel while it's down, by announcing that new diesel and petrol cars will be banned from 2040".