Business


Musk says he may take Tesla private and shares roar

Shares in Tesla were up sharply following the tweet, trading at $363 at the time of writing. The company had a market value of US$58 billion as of Monday's close. According to the Times, the Saudis recently approached Musk and offered to buy even more Tesla shares, an offer that Musk refused. Musk has had feuds with regulators, critics and reporters, and questions remain about Tesla's production and manufacturing difficulties, long-term demand for its cars and uncertainty over funding.


Facebook asks USA banks for financial info to boost user engagement

Facebook asks USA banks for financial info to boost user engagement

The Wall Street Journal had reported here that Facebook had asked banks to share detailed financial information about their customers, including card transactions and checking-account balances. According to the Journal , at least one large USA bank pulled away from talks with the company as a result of privacy concerns. The dust surrounding the Cambridge Analytica data privacy incident still hasn't fully settled, but Facebook is already looking for additional ways to get its hands on ...


CEO Brian France Name-Drops Donald Trump During Reported Arrest — NASCAR Rumors

CEO Brian France Name-Drops Donald Trump During Reported Arrest — NASCAR Rumors

France was arrested and hauled to a nearby station where he was booked for DUI and criminal possession of a controlled substance in the 7th degree. France took on the mantle in 2003. There's nothing to report on that. According to that case, France had crashed his silver Lexus into a tree after entering a restaurant parking lot.


Longtime PepsiCo CEO Indra Nooyi is stepping down

Longtime PepsiCo CEO Indra Nooyi is stepping down

And shareholders have benefited: "$1,000 invested in PepsiCo in 2006 is worth more than two-and-a-half times that amount today". Nooyi will remain the chairman until early 2019 to ensure a smooth transition, the company said . Nooyi was named as Fortune's second most powerful woman in business a year ago, coming after chairman and CEO of General Motors, Mary Barra. With Nooyi's departure, the rest of PepsiCo's senior leadership team will remain unchanged, the company said.


Fiat Chrysler wants Mahindra Roxor to be banned in US

Fiat Chrysler wants Mahindra Roxor to be banned in US

Fiat Chrysler Automobiles (FCA) has had a hard look into the Roxor and made a decision to file U.S. trade compliant against Mahindra , as it resembles the iconic Jeep despite Mahindra making changes to differentiate it from Thar or any other older models.


Pres. Trump Hosts MAGA Rally In Ohio

Pres. Trump Hosts MAGA Rally In Ohio

He defiantly questioned the idea that historically, the party that controls the White House suffers in the midterms, declaring "but I say why?" For instance, influential conservative mega-donors, the Koch brothers, have launched a multi-year, multi-million dollar campaign, in an effort to combat and counter Trump tariffs, which they claim are jeopardizing the United States' economy.