Tesla slashes prices on home solar systems to spur sales
Tesla Inc has cut prices on its residential solar systems by as much as 25 percent in a bid to lift lagging sales after the company streamlined its sales and marketing organization, a company official told Reuters on Thursday.
Troubled Greek jeweler Folli Follie seeks bankruptcy protection
Troubled Greek jewelry maker Folli Follie has asked for protection from creditors in order to finalize a restructuring plan, it said in a statement on Thursday.
U.S. Justice Department to curb bid-rigging in government purchases
The U.S. Justice Department plans to be more aggressive in pressing antitrust charges against companies that have rigged bids for government contracts, the agency’s antitrust chief said on Thursday.
Wall Street rises on hopes of easing trade tensions
U.S. stocks reversed course to trade higher on Thursday after a Financial Times report that further U.S. tariffs on Chinese imports would be paused spurred optimism that the two countries could resolve their trade dispute.
PG&E’s stock deepens slump as wildfire fans liability fears
Shares of PG&E Corp sank 31 percent on Thursday, bringing the loss in its stock market value to nearly $16 billion since the breakout of a deadly wildfire in northern California that investors fear will be blamed on the utility.
USTR says next tranche of U.S. tariffs on imports from China on hold: FT
U.S. Trade Representative Robert Lighthizer has told some industry executives that another round of tariffs on Chinese imports has been put on hold as the two nations pursue talks, the Financial Times reported on Thursday, citing an unnamed person fami…
SpaceX, TeleSat Canada bids get U.S. nod to expand satellite internet
WASHINGTON (Reuters – The U.S. Federal Communications Commission voted unanimously on Thursday to allow Tesla Inc Chief Executive Elon Musk’s Space X, Telesat Canada [PSPENC.UL] and two other companies to roll out new satellite-based broadband service…
Sterling dives on Brexit uncertainty; Wall Street erases losses
Sterling tumbled on Thursday as political developments in Britain rippled through currency, bond and equity markets, while the major U.S. stock indexes erased losses from earlier in the session helped by optimism over U.S.-China trade.
U.S. pilots union warns of possible ‘safety deficiency’ in Boeing 737 MAX
The Air Line Pilots Association told U.S. safety regulators on Thursday the union was concerned about “a potential, significant aviation system safety deficiency” in the Boeing 737 MAX aircraft, one of which crashed last month in Indonesia.
Wells Fargo plans to cut 1,000 positions in U.S.: spokesperson
Wells Fargo & Co. said on Thursday the bank given has given notice to team members in its Consumer Lending and Payments, Virtual Solutions and Innovations groups that it plans to eliminate roughly 1,000 positions nationwide.
