Elon Musk says taking Tesla private is ‘best path,’ shares jump
Chief Executive Elon Musk said on Tuesday he is considering taking Tesla Inc private in what would be the largest deal of its type, moving the electric car maker out of the glare of Wall Street as it goes through a period of rapid growth under tight fi…
Snap’s strategy shifts win over advertisers more than users
Snap Inc on Tuesday received a vote of confidence from a billionaire investor and reported record revenue from outside North America, factors that helped soften the blow of its first-ever drop in daily users.
Disney quarterly profit falls short as streaming costs rise
Walt Disney Co missed Wall Street profit targets as new technology costs rose during the quarter ended June 30, but Chief Executive Bob Iger said an exodus of consumers from its television channels was slowing.
Musk plan to privatize Tesla pushes $2.3 billion of debt above conversion price
Elon Musk’s suggestion on Tuesday that he would like to take Tesla Inc private may provide something the electric car maker needs: a little debt relief.
Papa John’s cuts earnings forecast on public spat with founder
Papa John’s International Inc on Tuesday posted a second-quarter comparable sales decline of 6.1 percent in North America and cut its forecast for the coming months, as a heated spat between the pizza chain and its founder dragged on profits.
U.S. prosecutors target Goldman Sachs in 1MDB probe: NYT
U.S. prosecutors are investigating whether Goldman Sachs Group Inc has any culpability in a Malaysian fraud involving a government fund that had ties to a former bank employee, the New York Times reported on Tuesday.
Snap loses daily users, beats on revenue as Saudi prince takes stake
Snap Inc on Tuesday reported higher-than-expected quarterly revenue but its first-ever drop in daily Snapchat users.
Tesla buyout would add to year of pain for short-sellers
It would be the ultimate black eye for short sellers.
Elon Musk considers a private Tesla, shares jump
Chief Executive Elon Musk said on Tuesday he is considering taking Tesla Inc private in what would be the largest deal of its type, moving the electric car maker out of the glare of Wall Street as it goes through a period of rapid growth under tight fi…
Tesla call options soar on Musk tweet, short-sellers hit
Some nimble traders in Tesla Inc’s options made massive paper profits on Tuesday, while short-sellers were hit with about $1.3 billion in paper losses after Tesla Chief Executive Elon Musk tweeted he was considering taking the company private at $420 a…
