Markets

New York Daily News cuts staff in half

New York Daily News cuts staff in half Laid-off workers will continue to be paid for 90 days and receive "transitional benefits" after that period ends. Tronc in September bought the paper that bills itself as "New York's Hometown Newspaper" in 2017 for one dollar , along with the assumption of pension and other liabilities. [Full Article...]

Papa John's tries to prevent founder from gaining control

Papa John's tries to prevent founder from gaining control He admitted to using the offensive term and apologized, while saying his comments were taken out of context. It also declared a dividend distribution of one right for each outstanding share. Shares traded for $48.10 at 10:37 a.m., down 6.8 percent, after having fallen more than 7 percent earlier. Brands Inc.'s Pizza Hut. John Schnatter (R), founder and chief executive of Papa John's Pizza, arriv... [Full Article...]

Tesla shares sink on reports carmaker is running short on cash

A memo seen by the newspaper showed that Tesla requested "a meaningful amount of money" to be returned from its suppliers on payments it made since 2016. The company stock was down 5 percent on Monday and is trading 10 percent lower on the year. Tesla may have finally hit its production target of the Model 3 , but the company is not yet out of the woods. [Full Article...]

Uber, Lyft suspend driver who secretly live streamed hundreds of passengers

Uber, Lyft suspend driver who secretly live streamed hundreds of passengers Jason Gargac had an audience of thousands and said he tried to "capture the natural interactions between myself and the passengers". Gargac gave an interview to the St. Several passengers contacted by the newspaper said they did not know their rides had been live-streamed, the Post-Dispatch reported, and they said they would not have given the driver permission to record them if they had known... [Full Article...]

Artist reaches agreement with Elon Musk in row over 'farting unicorn' image

Artist reaches agreement with Elon Musk in row over 'farting unicorn' image Kim said the concern here is that Musk is cracking under pressure. Now Bloomberg reports that rather than spontaneously coming to Musk's rescue, the Sierra Club was put up to it. Traders have been selling Tesla Motors stock over the last few months and some of them have been trapped as the company managed to release strong production report during the recent quarter. [Full Article...]

Trump escalates his war with the Fed

Trump escalates his war with the Fed Meanwhile in Brussels, EU Trade Commissioner Cecilia Malmstrom said the EU would "think out of the box" in a bid to find a solution, but she warned officials were preparing to respond with what she called "rebalancing measures" should the United States follow through with the auto tariffs. [Full Article...]

Bloc willing to build bridges in trade dispute with US

Mr Trump, who frequently criticises Europe's 10 per cent vehicle tariffs, is also studying adding a 25 per cent levy on automotive imports, which would hit both Europe and Japan hard. "While all countries will ultimately be worse off in a trade conflict, the US economy is especially vulnerable", IMF Managing Director Christine Lagarde wrote in a blog post."Policymakers can use this G20 meeting to ... [Full Article...]

Korea denuclearisation talks ongoing, no timeframe set

Korea denuclearisation talks ongoing, no timeframe set The average annual income of North Koreans was just 5% of that earned by people in the South, the central bank estimated. Prosecutors said they are expanding the probe to determine if there were any others involved. Trump on Tuesday said that there is no hurry to denuclearize North Korea under his accord with Kim - a shift in tone from when the U.S. leader said the process would start very soon... [Full Article...]


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