Icahn’s biofuel bet faces significant headwinds
NEW YORK (Reuters) – Billionaire investor Carl Icahn’s multimillion-dollar bet against U.S. biofuel prices is looking increasingly risky in the wake of a Friday court ruling that will likely boost the cost of complying with the program.
Lack of value fund interest could be another bad omen for Chipotle
NEW YORK (Reuters) – More well-publicized incidents at Chipotle Mexican Grill Inc restaurants have pushed the shares down 26 percent over the last three months, but the burrito chain is facing a more subtle threat that could weigh on the stock: it is l…
HBO says data hacked, media says ‘Game of Thrones’ targeted
NEW YORK (Reuters) – U.S. cable channel HBO said on Monday that hackers had stolen upcoming programming, and Entertainment Weekly reported that the theft included a script for an unaired episode of the hit fantasy show “Game of Thrones.”
Tesla drops after Musk warns of ‘manufacturing hell’
SAN FRANCISCO (Reuters) – Shares of Tesla dropped 3.5 percent on Monday after Chief Executive Elon Musk warned that the electric carmaker would face “manufacturing hell” as it ramps up production of its new mass-market Model 3 sedan.
Boeing’s new avionics group aims to cut costs, boost quality
NEW YORK (Reuters) – Boeing Co said on Monday it has set up an avionics group to make flight controls and other electronics currently made by outside suppliers for its commercial and military aircraft, aiming to bring the products into service after 2…
Wal-Mart shuffles U.S. leadership teams in food, merchandising
CHICAGO (Reuters) – Wal-Mart Stores Inc has announced changes to its food leadership team in an internal memo, as it prepares for increased competition with grocery rivals and remains caught in a price war.
Lawsuit says Wells Fargo auto insurance charges were a fraud
(Reuters) – A new lawsuit accuses Wells Fargo & Co of racketeering violations and fraud after the bank admitted to charging several hundred thousand borrowers for auto insurance they did not ask for or need, causing many delinquencies.
U.S. pending home sales rise; Midwest factory activity slows
WASHINGTON (Reuters) – Contracts to buy previously owned U.S. homes rebounded in June after three straight monthly declines, but the housing market remained constrained by a shortage of properties available for sale.
Apple fails to end lawsuit claiming it ‘broke’ FaceTime
(Reuters) – Apple Inc has failed in its bid to dismiss a lawsuit claiming it disabled the popular FaceTime video conferencing feature on older iPhones to force users to upgrade.
Dow hits record high while tech retreats
(Reuters) – The Dow Jones Industrial Average hit a record closing high on Monday, helped by Boeing, while selling in Facebook, Alphabet and other technology companies checked the S&P 500 and pulled the Nasdaq lower.
