Business

Does it make sense for Elon Musk to take Tesla private?

Does it make sense for Elon Musk to take Tesla private?

Several securities attorneys told Reuters that Musk could face investor lawsuits if it was proven he did not have secure financing at the time of his tweet . Will investors stick with a private Tesla? "And if you stay as a shareholder you get less information than before and you depend more and more on Elon Musk ".


Modest Drop in Saudi Crude Production Triggers Mass Fear of Supply Depletion

Modest Drop in Saudi Crude Production Triggers Mass Fear of Supply Depletion

Brent crude oil futures were up by 33 cents from their previous close at $73.54 a barrel by 1401 GMT, while U.S. futures gained 57 cents to trade at $69.06 barrel. West Texas Intermediate crude jumped 0.9% to $69.50 per barrel at 10:30 a.m. ET. Oil has declined about 7 percent from the highs of June as trade tensions between the U.S.


Ontario brewer says he's developing 'high quality' buck-a-beer

Ontario brewer says he's developing 'high quality' buck-a-beer

Doug Ford says the PCs have scrapped the Liberal legislation making the minimum price for a bottle or can $1.25. The current Progressive Conservative government has said going back to the old price would also increase competition in the beer market, without affecting the province's revenues from beer and wine taxes.


Trump's trade 'extortion' won't work, China state media says

Trump's trade 'extortion' won't work, China state media says

The US and China implemented tariffs on $46 billion worth of each others' goods in July. That's dependent on whether or not the USA follows through on its latest trade threats. announced in March. Lu Xiang, an expert on U.S. China has said it will levy new tariffs on more than 5,200 United States products, if the White House moves forward with its latest tariff threat.


Elon Musk tweets about taking Tesla private, shares soar

Elon Musk tweets about taking Tesla private, shares soar

And if the information in the tweet isn't true, Musk could be looking at some stock price manipulation allegations. Tesla's CEO also laid out what he envisions as the ideal path for going private. "I believe Tesla considers Tweets as public disclosure". At $420 a share, Tesla would have an enterprise value of about $82 billion including debt.


Fetus found on American Airlines plane at LaGuardia Airport in NY

Fetus found on American Airlines plane at LaGuardia Airport in NY

A dead fetus was found on-board a plane at LaGuardia Airport in New York City on Tuesday. While Port Authority Police have major crimes detectives, a spokesman said "the DA also has investigators that step in in cases like this one". Brown. The plane, an Airbus A321, was being held at Terminal B while the medical examiner's office was called to the scene, according to WABC . Airport officials this morning tweeted about possible delays, but did not make mention of the reason.