Bhinneka News Online: Breaking business news: Tesla shares skid as Model 3 production hits rough patch

Tuesday, 3 October 2017

Breaking business news: Tesla shares skid as Model 3 production hits rough patch

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Tuesday, October 3, 2017

Tesla shares skid as Model 3 production hits rough patch

(Reuters) - Shares in Tesla Inc fell 2.5 percent on Tuesday after the luxury electric vehicle maker said the planned ramp-up of its Model 3 mass-market sedan faced production bottlenecks.

Buffett bets on truck stops, to buy majority of Pilot Flying J

(Reuters) - Warren Buffett's Berkshire Hathaway Inc on Tuesday deepened its commitment to the American economy, saying it bought a major stake in Pilot Flying J, the largest U.S. truck stop operator, and will become majority owner in six years.

Exclusive: One Ford, two systems - U.S. carmaker revamps China strategy amid EV push

BEIJING/DETROIT (Reuters) - U.S. automaker Ford Motor Co is overhauling its China plans as its global "One Ford" strategy is holding it back in the world's biggest auto market, two high-ranking company insiders told Reuters.

S&P, Dow open at record highs for second straight day

(Reuters) - The S&P and the Dow opened at record highs for the second straight day on Tuesday with gains across sectors as investors looked ahead to the upcoming earnings season.

Former Equifax chief will face questions from U.S. Congress over hack

WASHINGTON (Reuters) - U.S. lawmakers are due to question the former head of Equifax Inc at a Tuesday hearing that could shed light on how hackers accessed the personal data of more than 140 million consumers.

EU to reform sales tax, end appeal of low-rate states in blow to Amazon

STRASBOURG (Reuters) - The European Commission will propose on Wednesday changes to the way sales taxes are levied in the European Union with the aim of tackling fraud and curbing firms' excessive tax-planning, a move that could hit U.S. online retailer Amazon .

Fiat Chrysler recalls 646,394 SUVs for brake issue

(Reuters) - FCA US LLC, Fiat Chrysler Automobiles NV's U.S. arm, said it was voluntarily recalling about 646,394 SUVs in the United States to check shields that protect brake boosters for proper installation.

Consumer lending, insurance issues to weigh on Wells' CEO's Senate appearance on Tuesday

(Reuters) - Wells Fargo & Co CEO Tim Sloan will be questioned about sales practices, mischarging customers for auto insurance, and complaints about mortgage fees at the bank's consumer lending unit when he testifies before U.S. senators on Tuesday.

Homebuilder Lennar's profit beats on higher home sales, prices

(Reuters) - Lennar Corp , the No.2 U.S. homebuilder, reported a higher-than-expected quarterly profit on Tuesday as it sold more homes at higher prices, underscoring the strength in demand for housing in the United States.

Whole Foods price cuts hit hardest at Trader Joe's, Sprouts: report

LOS ANGELES (Reuters) - Whole Foods rivals Trader Joe's and Sprouts Farmers Market Inc have been hit hardest by customer defections since Amazon.com Inc's price cuts at the premium grocer, Whole Foods price cuts, a data analytics firm said on Tuesday.