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Wall Street To Elon Musk: Show Us The Money
(Bloomberg) — Wall Street and Washington have the same question for Elon Musk: Where’s the money? Two days after he vowed on Twitter that he had “funding secured” for a spectacular $82 billion deal to take Tesla Inc. private, he has offered no evidence to back up the statement. No one has stepped forward publicly — or privately — to say they’re behind the plan. People with or close to 15 financial institutions and technology firms who spoke on the condition...
Tribune Withdraws From Sinclair Merger Amid Scrutiny Over Deal
Sinclair Broadcast Group Inc.’s bid to become a nationwide broadcast powerhouse collapsed as Tribune Media Co. withdrew from a planned merger that drew the ire of federal regulators who questioned Sinclair’s honesty. Tribune announced its withdrawal from the $3.9 billion transaction in a emailed statement Thursday. Tribune said it has filed a lawsuit in the Delaware Chancery Court against Sinclair seeking compensation for losses incurred as a result of “Sinclair’s material...
The Last Major TV Factory In The U.S. Is Shutting Down Because Of President Trump’S Tariffs
A South Carolina plant that assembles televisions using Chinese parts plans to shut down and lay off nearly all its employees because of new tariffs imposed by the Trump Administration, the company announced this week. Element Electronics — which describes itself as the only assembler of televisions in the U.S. — plans to lay off 126 of its 134 permanent full-time employees and close the Winnsboro, S.C. plant on Oct. 5. Notably, there are still at least two smaller companies that continue...
‘Everything Was A Struggle.’ Bethenny Frankel On How She Went From $20,000 In Credit Card Debt To A $100 Million Skinnygirl Deal
Bethenny Frankel has a beef with Postmates. A recent order placed with the delivery service was simple enough. Just a bagel, muffin, and cup of coffee. But this modern-day convenience backfired. Her bag contained just a muffin and the bagel. Coffee? Nonexistent. Cream cheese? Not a schmear in sight. “Ridiculous,” Frankel says, lifting her hands in the air at her SoHo apartment as she reaches for a piece of vegan sushi. “I’m still mad.” Whether in business or in life,...
Elon Musk Might Take Tesla Private In A Move That Values The Company At $82 Billion
(Bloomberg) — Elon Musk said he’s considering taking Tesla Inc. private in a radical step that would ease pressure on the money-losing automaker. Am considering taking Tesla private at $420. Funding secured. — Elon Musk (@elonmusk) August 7, 2018 The announcement, made initially via Twitter, stunned investors and sent Tesla’s stock price soaring as much as 13 percent. It followed the news that Saudi Arabia’s sovereign wealth fund had built a less than 5...
Mercedes Benz Parent Halts Deal With Iran After President Trump’S Sanction Threats
(Bloomberg) — U.S. President Donald Trump’s desire to isolate the Iranian economy seems to be working. Within hours of Washington unveiling its first round of sanctions, German carmaker Daimler AG froze a plan to make Mercedes Benz trucks in Iran. That’s even after the European Union tried to salvage the Iran nuclear deal by pledging to protect firms from Trump’s assault. “I wouldn’t be surprised if more companies were to follow Daimler out of Iran,” said...
Indra Nooyi, Pepsi’S First Female CEO, Is Stepping Down
Indra Nooyi is stepping down as chief executive officer of food and beverage giant PepsiCo Inc., handing the reins to a top lieutenant in a transition that will draw attention to the dearth of prominent female CEOs in corporate America. Nooyi, 62, will leave the role in October and remain chairman until early 2019. Ramon Laguarta, 54, who has been a candidate to take over since a promotion last year to president, will be just the sixth CEO in the 53-year history of the company. Nooyi, who is from...
‘It’S Humiliating.’ Released Immigrants Describe Life With Ankle Monitors
MCALLEN, Texas — Every afternoon, dozens of immigrant families released by the U.S. government walk three blocks from the Greyhound bus station in this South Texas border city to a migrant shelter run by Catholic Charities. Along with the clothes slung over their shoulders, the migrants sometimes carry government-issued containers — dark-blue receptacles resembling lunch boxes, with plastic handles that shine in the mid-afternoon sun. On the front of each container, the black-and-white...
Judge Threatens To Hold Jeff Sessions In Contempt Of Court Over Deportation
(WASHINGTON) — A federal judge on Thursday halted a deportation in progress and threatened to hold Attorney General Jeff Sessions in contempt if the mother and daughter weren’t returned to the U.S. U.S. District Judge Emmet G. Sullivan of Washington learned in court that the two plaintiffs in a lawsuit before him were being removed from the United States and confirmed later that they were on a plane headed to Central America. He said any delay in bringing them back would be intolerable....
Appeals Court Orders EPA To Ban A Pesticide Known To Harm Children
(WASHINGTON) — A federal appeals court ruled Thursday that the Trump administration endangered public health by keeping a widely used pesticide on the market despite extensive scientific evidence that even tiny levels of exposure can harm babies’ brains. The 9th U.S. Circuit Court of Appeals in San Francisco ordered the Environmental Protection Agency to remove chlorpyrifos from sale in the United States within 60 days. A coalition of farmworkers and environmental groups sued last year...
Stormy Daniels Lawyer Michael Avenatti Tells Iowans He’S ‘Exploring A Run For The Presidency’
Michael Avenatti, the attorney representing porn star Stormy Daniels in a case against President Donald Trump , took a swing through Iowa on Thursday and said he is “exploring a run for the presidency of the United States.” “I wanted to come to Iowa and listen to people and learn about some issues that are facing the citizens of Iowa and do my homework,” Avenatti told the De Moines Register. I have enjoyed getting to know so many people in Iowa that care so deeply...
A Trump Ally In Kansas Is Responsible For Overseeing The GOP Primary He Now Leads By Just 91 Votes
Kansas Gov. Jeff Coyler says his opponent in the Republican gubernatorial primary, Secretary of State Kris Kobach, should recuse himself and stop giving advice to local election officials. Kobach leads by just 91 votes after an error was discovered Thursday, giving Coyler 100 more votes. Kobach, who was backed by President Donald Trump, oversees vote counting and other election administration duties as Secretary of State. Coyler’s campaign alleged that at least two counties have reported...
President Trump’S Campaign Is Asking Supporters To Vote On A Space Force Logo
President Donald Trump is already campaigning on his proposed new Space Force. Hours after Vice President Mike Pence outlined the Administration plans to create the Space Force – a proposed sixth military branch focused on space security- the Trump campaign sent out a mass email asking supporters to vote for a logo for the Space Force. “President Trump wants a SPACE FORCE- a ground breaking endeavor for the future of America and the final frontier,” the email, signed by...
Trump Administration Outlines ‘Space Force’ Plan, But Obstacles Remain
The Trump Administration outlined a plan to make a “Space Force” the sixth branch of the U.S. military Thursday, but there are still significant hurdles before it could become a reality. In a speech at the Pentagon, Vice President Mike Pence gave the most concrete outline to date of the new branch, noting that it would be created by re-structuring already existing space operations and employees. The Administration’s goal is to establish that branch by 2020. “Now the time...
No One Pays Attention To Lieutenant Governors. These Democrats Want To Change That
When Gavin Newsom was the lieutenant governor of California in 2013, he joked about his duties with late-night host Jimmy Kimmel : “You wake up every morning, you read the paper looking for obituaries for the governor’s name. That’s pretty much it.” Newsom was known for poking fun at his own post. While a Los Angeles Times reporter shadowed Newsom, a woman recognized him and asked him to pose for a picture with her son. “What’s a lieutenant governor?” the...
New Musical About The White House Has Nods To Donald Trump
It took Alexander Hamilton 200 years to hit it big on Broadway. But Donald Trump is already making a splash in a new musical. Based on the 1993 movie, “Dave” is about an average American who ends up posing as the commander-in-chief, where he’s forced to learn about the presidency on the job. Though the plot doesn’t stray too far from the movie, the production’s lyricist and co-writer, Nell Benjamin, admits that some key moments were inspired by more recent events, such...
How Your Brain Tricks You Into Believing Fake News
Sitting in front of a computer not long ago, a tenured history professor faced a challenge that billions of us do every day: deciding whether to believe something on the Internet. On his screen was an article published by a group called the American College of Pediatricians that discussed how to handle bullying in schools. Among the advice it offered: schools shouldn’t highlight particular groups targeted by bullying because doing so might call attention to “temporarily confused...
President Trump Acknowledges Trump Tower Meeting Was About Information On Hillary Clinton
(BRIDGEWATER, N.J.) — President Donald Trump on Sunday appeared to change his story about a 2016 meeting at Trump Tower that is pivotal to the special counsel’s investigation, tweeting that his son met with a Kremlin-connected lawyer to collect information about his political opponent. “Fake News reporting, a complete fabrication, that I am concerned about the meeting my wonderful son, Donald, had in Trump Tower,” Trump wrote. “This was a meeting to get information on an...
President Trump Calls Donald Trump Jr.’S Meeting With Russia ‘Totally Legal’
(Bloomberg) — U.S. President Donald Trump repeated that didn’t know about his son’s meeting with Russians at Trump Tower during the 2016 presidential campaign, while asserting that such meetings are a routine part of politics — “totally legal and done all the time.” Fake News reporting, a complete fabrication, that I am concerned about the meeting my wonderful son, Donald, had in Trump Tower. This was a meeting to get information on an opponent, totally legal...
Commission Launched By President Trump Finds No Widespread Voter Fraud In 2016 Election
(PORTLAND, Maine) — The now-disbanded voting integrity commission launched by the Trump administration to investigate the 2016 presidential election uncovered no evidence to support the president’s claims of widespread voter fraud, according to an analysis of administration documents released. In a letter to Vice President Mike Pence and Kansas Secretary of State Kris Kobach, who are both Republicans and led the commission, Maine Secretary of State Matthew Dunlap said the documents show...
