Tesla third-quarter deliveries to include 3,500 vehicles in transit
(Reuters) – Tesla Inc said current-quarter deliveries would include about 3,500 vehicles that were in transit to customers at the end of the second quarter, on a day the electric-car maker’s first Model 3 rolls off the assembly line.
Deutsche Bank sees progress toward IPO of asset management arm: memo
ZURICH (Reuters) – Deutsche Bank said that it is making progress in its planned partial initial public offering (IPO) of its asset management unit, according to a recent memo to staff.
Stocks heading for ‘Humpty Dumpty’ big fall: BAML
LONDON (Reuters) – If you know your nursery rhymes, analysts at Bank of America Merrill Lynch think over-pumped stocks are heading for a Humpty Dumpty-style fall in the coming months.
Fed sees steady economy, only ‘moderate’ financial vulnerabilities
WASHINGTON (Reuters) – The U.S. economy continues to churn out jobs and grow at a steady pace, with investment and consumer confidence both healthy and only moderate signs of risk in financial markets, the U.S. Federal Reserve said on Friday in its sem…
Boeing delivers fewer planes in second quarter
(Reuters) – Boeing Co said on Friday it delivered 183 jetliners in the second quarter, down from 199 a year earlier.
Amazon cornered Whole Foods into not seeking more bids, filing shows
(Reuters) – Amazon.com Inc told Whole Foods Market Inc it would not engage in a sale process for the U.S. grocer that involved other bidders, a regulatory filing showed on Friday, shedding new light on the $13.7 billion acquisition.
Wall Street climbs after jobs data as tech, financials rise
NEW YORK (Reuters) – Wall Street stocks closed on a high note Friday, with the S&P 500 index posting its best gain in six sessions on the heels of a U.S. payrolls report that gave investors more confidence in the strength of the U.S. economy.
Let’s make a deal: Automakers, U.S. auctions align to prop up used car prices
CARLETON, Mich. (Reuters) – Two lanes apart at a noisy, fast-paced auto auction near Detroit, two vehicles show why major U.S. automakers have a problem with used cars.
Toshiba under pressure to consider ‘Plan B’ as chip sale falters: sources
TOKYO (Reuters) – As the $18 billion sale of Toshiba Corp’s memory chip unit to a government-approved consortium falters, some bankers and potential investors are pressing the board to seriously consider alternatives, people with direct knowledge of th…
Japan’s MUFG to leverage Morgan Stanley expertise in wealth management foray
HONG KONG (Reuters) – Mitsubishi UFJ Financial Group Inc (MUFG) aims to tap into the expertise of partner Morgan Stanley and expand into wealth management, as Japan’s biggest bank looks for new sources of revenue, its chief financial officer said on Fr…
