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Page 2961 - Business Finance

U.S. SEC examining Musk's tweets on taking Tesla private: WSJ

(Reuters) - U.S. regulators are asking Tesla Inc why Chief Executive Elon Musk announced his plan to take the electric carmaker private on Twitter and whether his statement was truthful, the Wall Street Journal reported on Wednesday.

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Updated On : 09 Aug 2018 | 2:35 AM IST

Fox tops profit, revenue estimates as cable earnings rise

(Reuters) - Twenty-First Century Fox Inc's quarterly profit and revenue topped Wall Street estimates on Wednesday, as the Rupert Murdoch-controlled media company earned higher fees from cable distributors.

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Updated On : 09 Aug 2018 | 2:10 AM IST

S&P 500 essentially unchanged as oil prices, trade worries weigh

NEW YORK (Reuters) - U.S. stocks struggled for direction on Wednesday as falling oil prices and trade anxieties battled with gains in technology and financial stocks.

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Updated On : 09 Aug 2018 | 2:10 AM IST

Ford executive says baby offroader in product pipeline

(Reuters) - Ford Motor Co plans to introduce a small utility vehicle based on its compact Focus sedan, with more rugged offroad styling cues than the Escape, a top executive said on Wednesday.

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Updated On : 09 Aug 2018 | 2:05 AM IST

Tesla board evaluating CEO Musk's idea to take company private

(Reuters) - Tesla Inc's board said it was evaluating taking the company private, a day after Chief Executive Elon Musk surprised shareholders with the idea of launching the biggest leveraged buyout of all time.

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Updated On : 09 Aug 2018 | 1:25 AM IST

Intel sold $1 billion of artificial intelligence chips in 2017

SANTA CLARA (Reuters) - Intel Corp on Wednesday said it sold $1 billion of artificial intelligence processor chips in 2017, the first time the world's second-largest chipmaker disclosed revenue from the fast-growing computing segment that has fuelled sales expansions at rivals such as Nvidia Corp .

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Updated On : 09 Aug 2018 | 1:15 AM IST

Australia committed to concluding high-quality FTA with India: Envoy

Australia remains committed to concluding a high-quality free trade agreement with India, its envoy Harinder Sidhu said today. Sidhu was speaking at the release of a policy document on ways to enhance economic ties -- "An India Economic Strategy to 2035: Navigating from Potential to Delivery". The report was authored by Peter Varghese, former secretary of the Department of Foreign Affairs and Trade and former high commissioner to India. "I want to stress that Australia remains committed to concluding a high-quality FTA with India. However, the bandwidth for contemplating a three-dimensional economic relationship between Australia and India has often been overtaken by the intense focus on FTA negotiations," the envoy said. "This strategy (stated in the report) takes a deliberately long-term approach out to 2035," she added. Sidhu said ties between the two countries are doing well, but it will need a significant step change to get closer to its full potential. India still represents ...

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Updated On : 09 Aug 2018 | 12:45 AM IST

Gold steady, dollar headwinds on the radar

LONDON (Reuters) - Gold prices steadied on Wednesday, but expectations of a higher dollar due to rising U.S. interest rates and strong demand for U.S. Treasury bonds seen as a refuge from trade tensions are expected to weigh.

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Updated On : 09 Aug 2018 | 12:25 AM IST

U.S. Treasury proposes tax rules on pass-through businesses

WASHINGTON (Reuters) - The U.S. Treasury on Wednesday proposed tax regulations for a new 20 percent income tax deduction for owners of businesses organised as pass-through entities, including rules to prevent the measure from becoming a tax loophole for wealthy Americans.

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Updated On : 09 Aug 2018 | 12:05 AM IST
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Updated On : 08 Aug 2018 | 11:51 PM IST
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Updated On : 08 Aug 2018 | 11:51 PM IST

Pidilite Industries proposes to invest in Pidilite Ventures LLC

Pidilite Ventures LLC, incorporated in USA is proposed to be engaged mainly in investments in early stage operating companies in USA. Pidilite Ventures LLC will be a wholly owned subsidiary of the Company.

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Updated On : 08 Aug 2018 | 11:51 PM IST
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Updated On : 08 Aug 2018 | 11:51 PM IST
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Updated On : 08 Aug 2018 | 11:51 PM IST
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Updated On : 08 Aug 2018 | 11:51 PM IST
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Updated On : 08 Aug 2018 | 11:50 PM IST
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Updated On : 08 Aug 2018 | 11:50 PM IST
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Updated On : 08 Aug 2018 | 11:50 PM IST

Reliance Industries acquires 5% stake in Eros International Plc

Reliance Industries has completed the acquisition by subscribing to 3,111,088 'A' ordinary shares at USD 15 per share for cash aggregating to USD 46.67 million.

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Updated On : 08 Aug 2018 | 11:50 PM IST

Tariffs on Chinese goods could batter the U.S. vaping industry

(Reuters) - Proposed tariffs on U.S. imports from China of electronic cigarettes, known as vaping products, could not come at a worse time for the industry.

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Updated On : 08 Aug 2018 | 11:45 PM IST