Foxconn chairman meets with Trump on Wisconsin project
Foxconn Chairman Terry Gou met U.S. President Donald Trump on Wednesday to discuss the status of the Taiwanese company’s planned investment in Wisconsin, Foxconn and the White House said on Thursday.
Occidental shareholders criticize bid for Anadarko, Buffett financing
Several major Occidental Petroleum Corp shareholders have voiced opposition to the oil company’s $38 billion bid for rival Anadarko Petroleum Corp that now includes a pricey financing deal with billionaire Warren Buffett.
Verizon looking to sell Tumblr: WSJ
Verizon Communications Inc is seeking a buyer for its blogging website Tumblr, the Wall Street Journal reported on Thursday, citing people familiar with the matter.
Tesla to reduce solar panel prices by up to 16%: NYT
(This April 30 NYT story corrects the difference in price between the Tesla panels and the national average to 16 percent from 38 percent)
Wall Street eases as investors digest Fed comments
U.S. stocks eased further from recent record highs on Thursday as investors digested comments from Federal Reserve Chairman Jerome Powell the previous day that dampened some investor hopes of an interest rate cut this year.
Drug company founder, executives convicted of bribe scheme that fueled U.S. opioid crisis
The founder of Insys Therapeutics Inc and four colleagues were found guilty on Thursday of bribing doctors to prescribe the drugmaker’s addictive painkiller, helping to drive the U.S. opioid drug abuse crisis.
Global stocks fall, dollar, yields climb as Fed rate cut seen less likely
Global equity markets declined for a second straight day on Thursday while the dollar and bond yields rose after comments from Federal Reserve Chairman Jerome Powell caused investors to alter expectations for a rate cut by the central bank this year.
Blackstone pursuing RCS owner for up to $600 million over HQ sale: source
Blackstone Group is seeking up to $600 million in damages from the chairman and controlling shareholder of Italian publisher RCS Mediagroup over a disputed property sale, a source close to the fund said on Thursday.
Tesla ends ‘Spartan diet,’ seeks up to $2.3 billion from share, debt issues
Tesla Inc will raise up to $2.3 billion in new capital, renouncing what Elon Musk called a “Spartan diet” and easing Wall Street concerns about the money-losing company’s ability to overcome a drop in sales and build new product lines.
Vegan burger maker Beyond Meat sizzles in market debut
Shares of vegan burger maker Beyond Meat Inc surged 84 percent in their market debut on Thursday, as investors look to cash in on the growing popularity of veganism.
