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Tesla’s third-quarter conversion not quite Damascene: Gadfly

Tesla's stock has had an interesting Thursday after the company reported blowout results the evening before.

Industry News

CenturyLink said to be in advanced talks to acquire Level 3

CenturyLink Inc. is in talks to acquire Level 3 Communications Inc., according to people familiar with the matter, a deal that would create a more formidable competitor in the market for business telecommunications services.

Industry News

LinkedIn profit beats estimates as Microsoft deal nears close

LinkedIn Corp. reported profit that beat analysts’ estimates, as the company works to close a $26.2 billion sale to Microsoft Corp.

Industry News

Alphabet sales top estimates on ads while spending continues

Alphabet Inc. reported revenue and profit that topped analysts’ estimates after buoyant internet ad sales made up for heavy spending on a slew of unprofitable newer products and projects, including self-driving cars and sma

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Amazon forecasts holiday sales that may miss estimates

Amazon.com Inc. forecast a holiday quarter with operating income that may break even and sales that could miss estimates. The outlook spooked investors accustomed to widening profit margins at the e-commerce bellwether.

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Government said to probe alleged governance lapses at Tata Group

Country’s market regulator is looking into the boardroom tussle at the Tata Group for possible breach of corporate governance rules and listing regulations by companies in the salt-to-software conglomerate, two people with

Industry News

Growth rebound in US masks demand picture that’s not as bright

The US economy’s third-quarter scorecard on Friday will probably show a notable pickup in growth following a sluggish first half.

Economy News

Twitter needs a full-time CEO, not necessarily Jack Dorsey: Gadfly

It's now conventional wisdom that Twitter Inc. is badly in need of repair. Yet the company on Thursday turned in a not-bad earnings report card for the third quarter, with revenue that topped its own forecast and an...

Industry News

Tesla Car-Share Network Is ‘the People vs Uber’: Elon Musk

Elon Musk is making a populist appeal for Tesla Motors Inc.’s much-hyped challenger to Uber Technologies Inc. He said the Tesla Network, the billionaire’s concept for an autonomous car-sharing service, is mainly designed

Industry News

Tata ousted Mistry on trust deficit with biggest shareholder

Tata Group said it ousted Chairman Cyrus Mistry because of a growing “trust deficit” with the biggest shareholders of the tea-to-software giant after the former head accused directors of India’s largest conglomerate...

Industry News

Tata Group said to shortlist candidates for next chairman; TCS’ N Chandrasekaran in list

Tata Group is examining at least two internal candidates as India’s largest conglomerate seeks to find a successor to ousted Chairman Cyrus Mistry, according to people familiar with the matter.

Industry News

Ratan Tata said to approach sovereign funds on buying out ousted chief Cyrus Mistry

Ratan Tata, who returned this week to the helm of India’s largest conglomerate, is seeking a partner that could buy out the Tata Sons Ltd. stake held by the family of ousted Chairman Cyrus Mistry, people with knowledge of..

Industry News

Future of investing: A committee of robots deciding on your portfolio

Robots can replicate everything a talented stock picker brings to the table except his emotions and fees.

Robot News

Apple delays AirPods wireless headphone paired with IPhone 7

Apple Inc. announced that its anticipated AirPods, a pair of wireless headphones, will no longer ship this month as planned. The AirPods were introduced in September alongside the iPhone 7, which was designed without a standa

Industry News

Stocks decline with oil as Apple tumbles on forecast; Bonds fall

A barrage of uninspiring outlooks from bellwethers including Apple Inc. and Bayer AG sent global equities down. Oil slumped.

Markets News

Snapchat said to seek to raise as much as $4 Billion in IPO

Snapchat will seek to raise as much as $4 billion in its planned initial public offering, according to people familiar with the matter.

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Cyrus Mistry warns group faces $18 billion in writedowns

Ousted Tata Group Chairman Cyrus Mistry accused directors at India’s largest conglomerate of wrongfully dismissing him and warned that the tea-to-software giant may face 1.18 trillion rupees ($18 billion) in writedowns beca

Industry News

Google’s Alphabet experiment misses goal

When Google co-founder Larry Page created Alphabet Inc., he gave three primary reasons: free up the main internet business from its costly "moonshot" projects; turn those audacious experiments into real businesses; and keep e

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Juno, a ride-hailing startup, wants to kill Uber with kindness

Sixteen years before Talmon Marco set out to destroy what Uber Technologies Inc. Chief Executive Officer Travis Kalanick created, the two men briefly considered teaming up to face a common foe: Napster.

Industry News

Resurfaced Donald Trump post shows he used Jett Travolta’s death to leer at Kelly Preston

Donald Trump once used the death of a child to reflect on a mother's looks, had contempt for Arsenio Hall's stalled TV career and still remembers the very first time he saw his name in a newspaper.

World News

Facebook says users can’t stop it from using biometric data

Facebook Inc.’s software knows your face almost as well as your mother does. And like mom, it isn’t asking your permission to do what it wants with old photos.

Industry News

Why China is going the extra 5,300 miles to buy fresh milk from Australia’s Tasmania

China’s path to food security is taking a big swing to the south. In fact, 5,300 miles down to Tasmania, the dairy-hungry nation’s newest source of fresh milk.

World News

Google’s Alphabet experiment misses key goal: Retaining key executives

When Google co-founder Larry Page created Alphabet Inc., he gave three primary reasons: free up the main internet business from its costly "moonshot" projects; turn those audacious experiments into real businesses; and keep e

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Juno, a ride-hailing startup, wants to kill Uber with kindness

Juno has had early success, although it is still a very small player compared to Uber and Lyft Inc., Uber's biggest US competitor. According to the most recent data from the city’s Taxi and Limousine Commission, Juno went f

Industry News

The Goldman Sachs way of sacking: Bit by bit, hundreds are given layoff notices

The second arrived six weeks later, increasing the cuts to 109 workers. Then a third, in April, for 146 more. And a fourth, in June: 98. Three more notices followed, including 20 dismissals announced last week.

Industry News

Cyrus Mistry, Tata’s ousted Chairman, warns group faces $18 billion in writedowns

Ousted Tata Group Chairman Cyrus Mistry accused directors at India’s largest conglomerate of wrongfully dismissing him and warned that the tea-to-software giant may face 1.18 trillion rupees ($18 billion) in writedowns beca

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Tata’s coup follows simmering rift at India’s biggest firm

The agenda for Monday’s extraordinary board meeting at India’s largest conglomerate contained little hint of what was to come.

Industry News