Business

Tesla plans to raise funds this year to tackle cash crunch

Tesla plans to raise funds this year to tackle cash crunch

Tesla has received approval to acquire solar panel company SolarCity for $2.6bn, in a move which comes at a financial crossroads for a solar industry, which is facing the prospect of an oversupply of solar panels. "The improvements will on several dimensions, but that's only a software update so it will be applicable to all cars". Tesla is reportedly offering an upgrade worth about $7,000 for $3,000 on the Model X.


Campbell

Campbell "fresh" push falters on puny carrots, juice recall

Campbell Soup said it harvested carrots - the best known products of Bolthouse - prematurely in spring. The 3.8 million recalled drinks had possibly spoiled due to problems in its manufacturing equipment and process. Organic sales decreased 1 percent driven by lower volume, partly offset by higher selling prices. Campbell expects sales for its fiscal 2017 to be flat to up 1 percent.


USA auto sales fall 4 percent in August

USA auto sales fall 4 percent in August

Ford reported an 8% sales decline. Toyota's sales were down 5 percent, Honda's fell 4 percent and Nissan's dropped 6.5 percent. Automakers offered a positive take on the numbers, saying the average amount customers paid for a auto or truck - the average transaction price or ATP - had increased.



Delivery by Drone: New Rules for Flights

The provisions are created to minimize risks to other aircraft, people, and property on the ground. "The ability to fly over people is a huge step forward, and a necessary one as we cover the news where it happens", says David Vigilante, CNN's SVP of Legal.


TSX, loonie slip as oil prices drop

TSX, loonie slip as oil prices drop

Potash Corp surged 11.5 per cent to $23.30 and Agrium advanced 7.4 per cent to $125.09. Sadiq Adatia, chief investment officer at Sun Life Global Investments, noted that although those companies saw their shares surge, the gains were not enough to lift the whole market.


Two years' bonus for central government employees: Arun Jaitley

Two years' bonus for central government employees: Arun Jaitley

Tapan Sen of the Centre of Indian Trade Unions said, "The announcement on daily wages means only status quo". Speaking to reporters here on Wednesday, members of Joint Committee of Trade Unions (JCTU) alleged that the Centre invited only BMS for the talks and the Sangh accepted the government's assurances.