Saturday , August 18 2018

Tesla seeking a wide investor pool for its take-private plan

Bloomberg Tesla Inc Chief Executive Officer Elon Musk and advisers are seeking a wide pool of investors to back a potential take-private of the automaker to avoid concentrating ownership among a few new large holders, according to people familiar with the matter. Tesla is holding early discussions with banks about ...

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Oracle Corp accused of defrauding investors on cloud sales growth

Bloomberg Oracle Corp is named in a lawsuit alleging the company’s executives lied to shareholders when they explained why cloud sales were growing. The investor leading the case, the City of Sunrise Firefighters’ Pension Fund, claimed Oracle engaged in coercion and threats to sell its cloud-computing products, creating an unsustainable ...

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Microsoft threatens to pull Gab services

Bloomberg Microsoft Corp. threatened to suspend web-hosting services it provides to Gab.ai after getting a complaint about anti-Semitic posts on the social-media site, a new twist in the technology industry’s controversial crackdown on hate speech. Microsoft’s Azure cloud-computing division said it would take action in two business days if Gab ...

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Inflation coming to your theatre as US firms flex pricing power

Bloomberg From the big screen to the snack aisle, American companies plan to hike prices as their input costs creep higher. It’s a sign that businesses have faith consumers will keep shopping even as products become more expensive. And that belief in pricing power, showcased on earnings calls and presentations ...

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Russia seethes after velvet revolutionary strikes at foes

Bloomberg Three months after sweeping to power in Armenia’s peaceful “velvet revolution,” Prime Minister Nikol Pashinyan is waging an unprecedented campaign against corruption that’s unnerved Russia and got political opponents crying foul. Arrests have reached people previously considered untouchable in Armenia including ex-President Robert Kocharyan, who’s accused of subverting constitutional ...

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