Tesla is most painful stock for short sellers in 2017
SAN FRANCISCO (Reuters) – Traders short selling Tesla’s soaring stock have lost $3.7 billion this year, eclipsing the combined losses of traders shorting Apple , Amazon.com and Netflix .
Service workers’ union calls for investigations of McDonald’s rent policies
LOS ANGELES (Reuters) – The Service Employees International Union, backer of a five-year campaign to improve pay and job conditions for fast-food workers, on Tuesday asked Illinois and California officials to investigate how McDonald’s Corp calculates …
Wall Street elite find it hard to bank on Trump’s breakup talk
NEW YORK (Reuters) – At an annual gathering of the world’s most powerful thinkers and trendsetters in Beverly Hills this week, business leaders and major investors said they have gotten used to dismissing most things that President Donald Trump says or…
Exclusive: Akzo sees latest PPG bid inadequate, weighs options
(Reuters) – Dutch paint maker Akzo Nobel NV’s supervisory board is scheduled to meet on Tuesday to discuss how to proceed after deeming PPG Industries Inc’s latest $29 billion offer to be insufficient, people familiar with the matter said.
Barclays CEO Staley in dispute with KKR over soured deal: WSJ
LONDON (Reuters) – Barclays Chief Executive Jes Staley is involved in a dispute with private equity firm KKR & Co , which is a client of the bank, the Wall Street Journal reported on Tuesday.
Wall St. eyes Apple and Facebook to fuel new leg of tech rally
SAN FRANCISCO (Reuters) – Apple and Facebook may expand their already outsized share of U.S. technology revenue when they report their earnings this week, as investors look for evidence to justify this year’s U.S. stock market rally.
Exclusive: Cerberus, Sycamore Partners wrestle with Staples buyout
(Reuters) – Cerberus Capital Management LP and Sycamore Partners are the two private equity firms actively exploring an acquisition of Staples Inc , the U.S. office supplies retailer, people familiar with the matter said on Tuesday.
Despite record highs, fund managers globally remain underweight Apple
NEW YORK (Reuters) – Active stock fund managers around the world are holding the lowest percentage of Apple Inc shares in their portfolios when compared to the iPhone maker’s overall weighting in indexes, even as the shares hit record highs, according…
GM writes down Venezuela operations after authorities seize plant
(Reuters) – General Motors Co said on Tuesday it would take a charge of up to $100 million after a judge ordered the seizure of its plant in Valencia last month, a move that prompted the halting of its operations in Venezuela.
Wall Street fears end of boom as automakers’ April U.S. sales drop
DETROIT (Reuters) – Major automakers on Tuesday posted declines in U.S. new vehicle sales for April in a sign the long boom cycle that lifted the American auto industry to record sales last year is losing steam, sending carmaker stocks down.
