Musk insists Tesla does not need more capital, predicts profit soon
(Reuters) – Tesla Inc (TSLA.O) will be profitable in the third and fourth quarters of this year and will not have to raise any money from investors, billionaire Chief Executive…
China slows review of chip company mergers amid trade tensions: WSJ
(Reuters) – Two multi-billion dollar takeovers of semiconductor makers are being stalled by Chinese regulatory reviews amid rising U.S.-China trade tensions, the Wall Street Journal reported on Saturday, citing people…
Martin Sorrell quits as head of world’s biggest ad group WPP
LONDON (Reuters) – Martin Sorrell, who built WPP into the world’s biggest advertising agency through 33 years of dealmaking, quit on Saturday after an allegation of personal misconduct. FILE PHOTO:…
Proxy adviser ISS recommends against five Equifax directors over cyberbreach
(Reuters) – Proxy adviser Institutional Shareholder Services on Saturday recommended investors vote against the re-election of five Equifax Inc (EFX.N) directors who served on the company’s audit and technology committees…
Martin Sorrell quits as head of WPP advertising agency
LONDON (Reuters) – Martin Sorrell quit as the head of WPP on Saturday, leaving the world’s biggest advertising agency 33 years after he founded it due to an investigation into…
Insect farms gear up to feed soaring global protein demand
LANGLEY, British Columbia (Reuters) – Layers of squirming black soldier fly larvae fill large aluminum bins stacked 10-high in a warehouse outside of Vancouver. They are feeding on stale bread,…
Spotify puts bank IPO paydays under fund manager scrutiny
LONDON (Reuters) – After shaking up the music industry, Spotify (SPOT.N) is now prompting investors to question the value they get from investment banks underwriting new listings with its low-cost…
ESPN+ streaming service launches Disney’s digital drive
LOS ANGELES (Reuters) – Walt Disney Co (DIS.N) on Thursday debuted its new ESPN+ digital subscription service, the first consumer offering in the traditional media company’s push to become a…
Volkswagen rushed revamp triggers labor concern: sources
BERLIN/MUNICH (Reuters) – Labor representatives at Volkswagen (VOWG_p.DE) are concerned by a sudden rush by the German carmaker’s board to approve sweeping changes on Thursday, sources said, while Handelsblatt reported…
Pentagon confirms delivery suspension of Lockheed F-35 jets
WASHINGTON (Reuters) – The U.S. Department of Defense has stopped accepting deliveries of F-35 jets from Lockheed Martin Corp (LMT.N) because of a contractual dispute over fixing a production error,…