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Factbox: Walmart and Tesla fought in private long before solar lawsuit

17 hours ago DieselGasoil Comments Off on Factbox: Walmart and Tesla fought in private long before solar lawsuit
(Reuters) – Walmart Inc (WMT.N) has sued Tesla Inc (TSLA.O), accusing it of “years of gross negligence and failure to live up to industry standards” that led to several fires at its stores with Tesla solar systems. FILE PHOTO: Walmart’s logo is seen outside one of the stores in Chicago, Illinois, U.S., November 20, 2018. Read More

Factbox: Merged CBS and Viacom aim to join U.S. media big league

1 week ago DieselGasoil Comments Off on Factbox: Merged CBS and Viacom aim to join U.S. media big league
(Reuters) – CBS Corp (CBS.N) and Viacom Inc (VIAB.O) on Tuesday reached a deal to reunite media mogul Sumner Redstone’s U.S. entertainment empire after 13 years apart. FILE PHOTO: The CBS broadcasting logo is seen outside the CBS Broadcast Center in Manhattan, New York, U.S., July 30, 2018. REUTERS/Shannon Stapleton/File Photo The deal brings together Read More

Take Five: The devil’s in the data

2 weeks ago DieselGasoil Comments Off on Take Five: The devil’s in the data
LONDON (Reuters) – 1/ READY FOR A SCARY EURO ZONE GDP SHOW? FILE PHOTO: Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., August 6, 2019. REUTERS/Brendan McDermid Fears of a major downturn in euro zone powerhouse Germany grew this week following “scary” industrial output figures for June Read More

Factbox: Marvel, monsters and ‘Mandalorian’ coming to Disney+ app

2 weeks ago DieselGasoil Comments Off on Factbox: Marvel, monsters and ‘Mandalorian’ coming to Disney+ app
LOS ANGELES/BENGALURU (Reuters) – Walt Disney Co (DIS.N) is set to launch its family-friendly streaming service, Disney+, later this year with a slate of new and classic TV shows and movies, as the company founded on theme parks and big-screen movies builds a digital entertainment business. The ad-free service will include movies and TV series Read More

Factbox: J.C. Penney’s revolving door of CEOs

2 weeks ago DieselGasoil Comments Off on Factbox: J.C. Penney’s revolving door of CEOs
(Reuters) – J.C. Penney Co Inc (JCP.N) late last year tapped Jill Soltau as chief executive officer to stem the decline in sales, the fifth leadership change at the department store operator in 15 years. A JC Penney store is shown in Oceanside, California, U.S., July 31, 2019. REUTERS/Mike Blake She is tasked with a Read More

For J.C. Penney CEO, debt haunts turnaround bid

2 weeks ago DieselGasoil Comments Off on For J.C. Penney CEO, debt haunts turnaround bid
NEW YORK (Reuters) – J.C. Penney Co Inc’s (JCP.N) stock has plunged more than 70% over the past year and now trades under $1. Its first-quarter financial loss nearly doubled to $154 million. Levi’s men clothing is pictured inside a JC Penney store in Oceanside, California, U.S., July 31, 2019. REUTERS/Mike Blake But in newly-minted Read More

Take Five: Trade war whiplash and other market themes for the week ahead

3 weeks ago DieselGasoil Comments Off on Take Five: Trade war whiplash and other market themes for the week ahead
LONDON (Reuters) – 1/TRADE WAR WHIPLASH FILE PHOTO: Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., July 31, 2019. REUTERS/Brendan McDermid It’s been a familiar pattern in the Sino-U.S. trade war since 2018. Combative tweets from Donald Trump, high-level talks between the two sides, a stalemate, more Read More

Factbox: From phone makers to farmers, the toll of Trump’s trade wars

3 weeks ago DieselGasoil Comments Off on Factbox: From phone makers to farmers, the toll of Trump’s trade wars
(Reuters) – U.S. President Donald Trump on Thursday said he would impose a 10% tariff on the remaining $300 billion of Chinese imports as tensions with China spiked again, the latest salvo in a yearlong trade war between the world’s two largest economies. FILE PHOTO: Farmer Dave Walton holds soybeans in Wilton, Iowa, U.S. May Read More

Factbox – From phone makers to farmers, the toll of Trump’s trade wars

3 weeks ago DieselGasoil Comments Off on Factbox – From phone makers to farmers, the toll of Trump’s trade wars
(Reuters) – U.S. President Donald Trump on Thursday said he would impose a 10% tariff on the remaining $300 billion of Chinese imports as tensions with China spiked again, the latest salvo in a yearlong trade war between the world’s two largest economies. FILE PHOTO: Farmer Dave Walton holds soybeans in Wilton, Iowa, U.S. May Read More

Factbox: Fannie, Freddie and the government: it’s complicated

4 weeks ago DieselGasoil Comments Off on Factbox: Fannie, Freddie and the government: it’s complicated
WASHINGTON (Reuters) – The Trump administration wants to take Fannie and Freddie out of government conservatorship, but doing so will be complicated due to the central role they play in the housing market and the Treasury’s holdings in the two firms. Here’s more detail on those arrangements: WHAT ARE FANNIE MAE AND FREDDIE MAC? Read More