Saturday, August 6, 2016

Can Tesla go from sexy car company to clean energy empire? and other top stories.

  • Can Tesla go from sexy car company to clean energy empire?

    Can Tesla go from sexy car company to clean energy empire?
    If you're wondering about Elon Musk's latest vision for Tesla, think Apple.Apple succeeded in turning a bland market for electronic devices into a coveted and connected lifestyle where your phone, your tablet, your computer, your watch and your television can all be bought in one place and work seamlessly together. It’s about passion too. People continue to line up at Apple stores overnight to be the first to possess the latest iPhone. The company’s launch events resemble the gathering of a cul..
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  • Panama Papers: Pieth says officials are in denial as he quits

    Panama Papers: Pieth says officials are in denial as he quits
    Image copyright Getty Images Image caption Mark Pieth stood down as an advisor to Panama's government The Swiss anti-corruption expert, Mark Pieth, has told the BBC he resigned from the Panama Papers commission because of government interference.Mr Pieth said officials told him that they would have final say on whether to publish the panel's findings on the offshore tax evasion scandal.Joseph Stiglitz, a Nobel Prize-winning economist, also resigned. T..
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  • Strong US employment report brightens economic outlook

    Strong US employment report brightens economic outlook
    WASHINGTON U.S. employment rose more than expected for the second month in a row in July and wages picked up, bolstering expectations of faster economic growth, and raising the probability of a Federal Reserve interest rate increase this year.Nonfarm payrolls rose by 255,000 jobs after an upwardly revised 292,000 surge in June, with hiring broadly based across the sectors of the economy, the Labor Department said on Friday. In addition, 18,000 more jobs were created in May and June than previo..
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  • Bristol Myers: Opdivo Failed to Meet Endpoint in Key Lung-Cancer Study

    Bristol Myers: Opdivo Failed to Meet Endpoint in Key Lung-Cancer Study
    By Jonathan D. Rockoff and Updated Aug. 5, 2016 4:47 p.m. ET A cancer drug’s surprise failure in a clinical trial wiped $20 billion off Bristol-Myers Squibb Co. BMY -15.99 % ’s market value Friday, and raised questions about one of the industry’s hottest research areas: drugs that harness the body’s immune system to fight cancer. Bristol-Myers said its drug, Opdivo, wasn’t significantly better than chemotherapy in a study of patients with newly diagnosed lun..
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  • 94% of Millennials Believe This Is the Fate of Social Security -- and They're Probably Right

    94% of Millennials Believe This Is the Fate of Social Security -- and They're Probably Right
    Image source: Getty Images. The Social Security program is in trouble, but that hasn't stopped millions of retired seniors and soon-to-be-retired baby boomers from counting on it to provide a majority of their income during retirement. Based on December 2015 data from the Social Security Administration, 48% of couples and 71% of unmarried persons receiving a Social Security benefit count on the program to provide at least half of their monthly income. The concerns with Social Security can be tr..
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  • With economic team, Trump doubles down on bet that success sells

    With economic team, Trump doubles down on bet that success sells
    Republican presidential candidate Donald Trump has stocked his economic team with wealthy financiers and billionaires, including some who have had close ties to his companies, in a move that brings a group of powerful businessmen inside his campaign but could also threaten his populist message. The 13 outside advisers announced Friday include a banker who loaned Trump’s casinos $600 million during their bankruptcies, as well as a hedge-fund manager who famously made a fortune betting against th..
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  • These 12 states let you shop tax-free this weekend

    These 12 states let you shop tax-free this weekend
    Tax holidays start this weekend in certain states across the country. Discounts are usually found on school supplies and apparel.(Photo: Michael Patrick, AP)Just in time for back-to-school promotions and summer clearances, many shoppers are going to be able to skip state sales taxes for the next couple of days.This weekend marks an annual tax-free shopping spree in 12 states, when families hunting for back-to-school gear can typically find themselves shelling out less than normal with sales taxe..
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  • Nissan seeks to sell AESC electric-car battery venture: report

    Nissan seeks to sell AESC electric-car battery venture: report
    Nissan, alone among high-volume electric car makers, owns half of the company that makes the battery cells for its cars. Tesla Motors doesn't own any of Panasonic, which has supplied all cells to date for its three vehicles (though Panasonic owns a small part of Tesla). GM doesn't own any of LG Chem, nor does BMW own any of its various cell suppliers. DON'T MISS: Nissan's Electric-Car Battery Future: Will It Be With LG Chem? (Sep 2014) But Nissan and Japanese electronics maker NEC jointly own a..
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Aladdin and other iconic 16-bit Disney platformers are now available online .Lake Tahoe warming 15 times faster than long-term average .
Hollande: Deadly church attack in France carried out in name of ISIS .Aleppo Siege Continues With Chemical Gas Attacks and Relentless Air Strikes .

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