Tuesday 10 July 2018

Tesla goes big in China with Shanghai plant

Tesla goes big in China with Shanghai plant

Tesla Inc Chief Executive Officer Elon Musk on Tuesday landed a deal with Chinese authorities to build a new auto plant in Shanghai, its first factory outside the United States, that would double the size of the electric car maker's global manufacturing.

SEC charges ex-Heartland Payment CEO with insider trading

The U.S. Securities and Exchange Commission on Tuesday charged the former chief executive of Heartland Payment Systems Inc with insider trading for tipping his longtime romantic partner about the payment processor's $4.3 billion takeover by Global Payments Inc .

Old fashion: Vintage boom buoys RealReal and jolts luxury labels

Second-hand fashion, once confined to thrift stores, is outstripping sales growth in the primary luxury goods sector, helping market leader The RealReal expand its business and prompting international labels to look at tie-ups.

U.S. judge allows lawsuits over Monsanto's Roundup to proceed to trial

A federal U.S. judge on Tuesday allowed hundreds of lawsuits alleging that Monsanto Co's glyphosate-containing weed-killer Roundup causes cancer to proceed to trial, finding that there was sufficient evidence for a jury to hear the cases.

Dow, S&P 500 extend recent gains; PepsiCo a boost

The Dow and S&P 500 rose on Tuesday, extending recent gains as strong results from PepsiCo boosted optimism about the earnings season, while the Nasdaq was flat

U.S. stocks rise on earnings optimism, dollar gains

The S&P 500 stock index hit a four-month high on Tuesday, boosted by higher oil prices and expectations for strong earnings, while the U.S. dollar rose against the safe-haven Japanese yen as investors bought riskier assets.

RSA's Martin Scicluna lined up to chair Sainsbury's: Sky News

Sainsbury's , the British supermarket group that is merging with rival Asda, has lined up Martin Scicluna as the successor to chairman David Tyler, Sky News reported on Tuesday.

Oil mixed on supply disruptions; chance of Iran sanctions waivers

Oil prices were mixed on Tuesday, as price gains on supply concerns in Norway and Libya were tempered by the United States' indication that it would consider requests for waivers from Iranian oil sanctions.

Bike-share schemes battle for Paris turf, but it's not all free-wheeling

Grabbing a bicycle from a docking station and riding the streets of Paris used to be one of the city's many charms, but the once-loved Velib system has fallen into disarray and some new dockless bike-share schemes are struggling to survive.

Boeing says first-half orders soar past Airbus

Boeing Co's first-half aircraft orders were more than double those of Airbus SE , while its jetliner deliveries rose 7.4 percent from the year-ago period.

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