Business
Toys R Us stores across USA begin liquidation sales
Larian this week set up a GoFundMe page with the lofty goal of raising $1 billion in crowdfunding by May , led by his own initial donation of $200 million. When it filed for Chapter 11 bankruptcy protection last fall, Toys R Us pledged to stay open. He named it Toys "R" Us - with a backwards "R" in the logo that was supposed to look like it was drawn by a kid.
Business
House Energy and Commerce Committee wants Zuckerberg to testify
The Guardian reports that Facebook handed over data of such a huge number to the researcher for a study on worldwide friendships published in Personality and Individual Differences in 2015 . The reference to Indian elections came after India had warned Facebook of "stringent" action for having allowed data theft. The communications firm was first brought into the spotlight when it assisted Donald Trump's successful U.S.
Business
Tesla shareholders approve CEO Musk's US$2.6b compensation plan
As of Tuesday, the last trading day before today's special meeting, Tesla's market capitalization stood at $52 billion. The pay plan helps ensure Musk will remain at Tesla at least until 2028, but several questions loom. In July 2016, Mobileye said its contract with Tesla would not be renewed, without providing a reason for the split between the two firms. The votation for Musk's high-stakes, high-reward compensation plan was held at the Tesla Training Center on Fremont, CA, ...
Business
2 hour AP highway blockade for special status
Yet, the Centre remains unmoved. After the Andhra ruling party's conflict from the NDA, Wednesday's assembly session saw a war of words between the TDP and BJP on various issues. "I was the first to oppose it", the Chief Minister. We also moved a no-confidence motion against the Modi government. Stating that the State was pushed backwards by 20 years after the separation of Telangana , he said, "How much should the Centre help us to bridge this gap?" This move by the TDP was witnessed ...
Business
Active Mover: General Mills Inc (NYSE: GIS)
The information furnished in Item 2 .02 of this Current Report on Form 8-K and Exhibit 99 attached hereto shall not be deemed to be filed for the purposes of Section18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to liabilities of that Section or Sections 11 and 12 (a)(2) of the Securities Act of 1933, as amended, and shall not be deemed to be incorporated by reference into any registration statement or other document filed to the Securities Act of 1933, as amended.
Business
Oil prices fall as increased United States drilling activity points to higher output
Futures rose 0.1 percent after climbing to the highest level in more than three weeks on Tuesday. Crude oil inventories were higher than estimates (+5.0m vs. Brent sweet crude futures were at 67.66 dollars per barrel. If Trump decides to exit the deal under which global measures were removed on Iran in return for a curbing of its nuclear program, it would likely be welcomed by Saudi Arabia , which regards the deal as a boon for its regional foe.