Elon Musk’s vision is not for the faint of heart
(Reuters) – Leave it to Elon Musk to make a company’s stock jump nearly 5 percent a day after reporting widening losses – all in the middle of a market selloff.
Senate panel to hear from U.S. antitrust bosses
WASHINGTON (Reuters) – The Senate Judiciary Committee’s antitrust subcommittee will hear from the top U.S. antitrust bosses next month to discuss a wave of big mergers over the past year, according to a staffer briefed on the hearing.
Google self-driving car effort expands hiring, posts manufacturing jobs
SAN FRANCISCO (Reuters) – Alphabet Inc’s self-driving project is advertising dozens of jobs on its website with a special focus on manufacturing expertise.
What’s behind the global stock market selloff?
NEW YORK (Reuters) – Global stock markets are on their shakiest footing in years.
JPMorgan’s Dimon buys more than $25 million of company stock
NEW YORK (Reuters) – Jamie Dimon, chief executive officer of JPMorgan Chase & Co , on Thursday bought 500,000 shares of the company’s stock for more than $25 million, according to a filing with the U.S. Securities and Exchange Commission.
CBS profit meets Wall Street targets but shares slip
(Reuters) – CBS Corp profit rose in line with Wall Street expectations on Thursday as the media company reported a bump in network advertising and said international sales of its television shows were strong.
Dell’s $10 billion loans for EMC buy stall
NEW YORK (Reuters) – The commitment deadline on $10 billion of pro-rata loans in a $45 billion financing package backing computer giant Dell’s purchase of data storage products maker EMC Corp has been extended due to a slow order book, a source close to the transaction said.
AIG strikes deal with Icahn, avoids proxy fight
(Reuters) – American International Group Inc capitulated in its boardroom fight with activist investor Carl Icahn, nominating both his representative and billionaire John Paulson to its board, as it unveiled a bigger-than-expected quarterly loss.
Banks drag Wall Street lower as growth fears, rate outlook weigh
NEW YORK (Reuters) – Bank shares dragged Wall Street lower on Thursday on concerns the slowing global economy will continue to pressure interest rates, while energy shares helped pare losses late in the session.
Fed’s Yellen sticks to her guns as global market rout worsens
WASHINGTON (Reuters) – Federal Reserve Chair Janet Yellen returned to Congress on Thursday and again stressed that the U.S. central bank was not on a “pre-set” path to return policy to “normal” given a worsening meltdown in global stock markets.
