Why Elon Musk’s plan to take Tesla private is likely to fail

The melodrama surrounding Tesla and embattled CEO Elon Musk continues to deepen.  The electric car maker’s stock fell another 9 percent on Friday following the release of his emotional interview with the New York Times. This followed whistleblower claims on Thursday alleging that some workers at Tesla’s “Gigafactory” were involved with a Mexican drug cartel. […]

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California wants to curb kids’ soda habits

California is stepping up efforts to curb children’s consumption of sugary drinks with a bill that, if signed into law by Gov. Jerry Brown, would restrict what beverages restaurants may offer to kids.  The measure requires restaurants to serve water or milk with kids’ meals instead of soda or juice. Supporters include the American Cancer […]

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McDonald’s salad has now sickened 476 in 15 states

An outbreak of intestinal illness linked to eating salads from McDonald’s is widening. More than a month after health officials first alerted the public, the count of confirmed cases tied to the cyclospora parasite has increased to 476 people, 21 of them hospitalized, and now includes residents from 15 states, the Food and Drug Administration […]

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Will Landmark Theaters be in the picture for Amazon?

Amazon.com is reportedly interested in buying Landmark Theaters, one of the country’s largest chains, as it expands into the entertainment business while continuing to dominate both e-commerce and cloud computing. According to Bloomberg News, the Seattle-based e-commerce giant is vying with other suitors for the chain, which is owned by Cuban/Wagner, a venture backed by […]

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State won’t do biz with Bank of America, Citi over gun policies

In another illustration of how the national debate over guns is playing out in the business world, Louisiana is banning two of the nation’s biggest banks from participating in an upcoming bond sale. The state’s bond commission on Thursday voted 7-6 to bar Citigroup and Bank of America from taking part in a debt offering, […]

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Tesla shares slide as Elon Musk admits to “painful” year

Tesla’s stock price slid for a fourth straight day as investors digested reports of a federal securities probe and CEO Elon Musk’s emotional interview with the New York Times. The Securities and Exchange Commission is reportedly investigating an August 7 tweet by Musk in which he proposed taking the electric car maker private and said […]

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EpiPen shortage has some relying on expired devices

For those with severe allergies, the just-approved generic version of the EpiPen can’t come soon enough, with many allergy sufferers facing a supply shortage for the life-saving medicine. Recent manufacturing disruptions and a spike in demand ahead of the start of the school year has left some areas in dire straits. Demand for EpiPens typically […]

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Youth unemployment hits a 50-year low, but there’s a catch

There’s a good news/bad news situation with youth unemployment.  More young Americans — defined by the Bureau of Labor Statistics as people between the ages of 16 to 24 — are working this summer, pushing the unemployment rate for the group to a 52-year low. But there’s a catch: the labor force participation rate for […]

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High-speed internet service may be poised for a price hike

U.S. broadband service, already slower and more expensive than in many other countries, could get even pricier. That’s because major internet providers such as AT&T and Verizon want the Federal Communications Commission to scrap a key provision that some say helps keep broadband costs low for small businesses and consumers. Under the rule, large telecom […]

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Trump asks SEC to study ending quarterly earnings

President Donald Trump said Friday that eliminating a requirement that public companies report their earnings to the Securities and Exchange Commission every quarter could help boost business growth. Abolishing the rule would “allow greater flexibility & save money” for businesses, Mr. Trump tweeted. He added that he has asked the SEC to examine moving to […]

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Elon Musk, Tesla’s CEO, describes “excruciating year”

Electric car maker Tesla’s CEO, Elon Musk, admitted to The New York Times that stress is taking a heavy toll on him personally in what he calls an “excruciating” year. The newspaper says Musk alternated between laughter and tears during the interview in which he said he was working up to 120 hours a week […]

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New York University offers free tuition for all medical students

Last Updated Aug 17, 2018 12:28 AM EDT New York University is offering free tuition for all of its medical students. The move is a first among major U.S. medical schools, reports The Wall Street Journal. The university has raised $450 million out of the $600 million it estimates it will need to cover the […]

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NY University offers free tuition for all medical students

New York University is offering free tuition for all of its medical students. The move is a first among major U.S. medical schools, reports The Wall Street Journal. The university has raised $450 million out of the $600 million it estimates it will need to cover the scholarships, including $100 million from Home Depot founder […]

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