Tesla CFO Ahuja to retire; electric car maker sees growth spurt
DETROIT (Reuters) – Tesla Motors Chief Financial Officer Deepak Ahuja will retire this year, but will stay on to help search for a successor at the fast-growing electric car maker, Chief Executive Officer Elon Musk told shareholders on Tuesday.
Bank of Japan’s Sato warns of diminishing returns from monetary easing program
KOFU, Japan (Reuters) – Bank of Japan board member Takehiro Sato on Wednesday warned of diminishing returns and potential drawbacks of maintaining the bank’s massive stimulus program for too long, such as delaying government efforts to fix Japan’s tatt…
Disappearing Bakken oil discount adds to output slowdown signs
NEW YORK (Reuters) – Oil traders scrambling to secure crude in the U.S. Midwest have pushed North Dakota’s Bakken to a near premium for the first time in two years, a rally stoked by record refinery runs and an unprecedented slump in Canadian imports.
Target announces share buyback, dividend boost after disclosure snafu
(Reuters) – Target Corp said it would double its share buyback program to $10 billion and boost its quarterly dividend by 7.7 percent, confirming the contents of a statement it published inadvertently and took off its website earlier on Tuesday.
DoubleLine’s Gundlach sees odds of Fed hike by December under 50 percent
NEW YORK (Reuters) – Jeffrey Gundlach, chief executive of investment firm DoubleLine Capital, said on Tuesday he still believes the U.S. Federal Reserve will probably not raise interest rates this year, in part because of a lack of wage inflation.
Pimco cuts U.S. government holdings to 8.5 percent as firm braces for hikes
(Reuters) – Pimco slashed its holdings of U.S. government-related debt in its flagship Pimco Total Return Fund by almost two-thirds in May from the prior month, the firm reported on its website on Tuesday, as it braces for the Federal Reserve to hike i…
Netflix investors approve share increase, company to pursue stock split
LOS ANGELES (Reuters) – Netflix Inc shareholders on Tuesday approved a massive increase in the number of shares the company is authorized to issue, the first step toward a possible stock split.
Tesla CFO Ahuja to retire; electric car maker sees growth spurt
DETROIT (Reuters) – Tesla Motors Chief Financial Officer Deepak Ahuja will retire this year, but will stay on to help search for a successor at the fast-growing electric car maker, Chief Executive Officer Elon Musk told shareholders on Tuesday.
Target pulls announcement on share buyback, dividend from website
(Reuters) – Target Corp took down a release from its website on Tuesday that said the company would raise its share buyback program by $5 billion and boost its quarterly dividend by 7.7 percent to 56 cents per share.
Wall Street ends flat; S&P 500 snaps three-day losing streak
NEW YORK (Reuters) – U.S. stocks ended flat on Tuesday though the S&P 500 snapped three days of losses as financial and consumer staples shares bounced.
