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Tesla Motors Inc CEO Elon Musk is being sued by a shareholder for using the $2.6bn of Tesla stock for the buy-out of SolarCity. Last month, the EV firm announced that it would buy the solar installer, and also said that it would raise the money to acquire SolarCity through a stock sale. Must treating…
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Wal-Mart Stores, Inc. is expected to cut 7,000 back-office jobs. Some of the positions which are to be eliminated belong to some of the highest paid hourly workers in stores. Thus, the firm plans to cut thousands of back office positions around the country, a sign that the retailer’s effort to make its cavernous stores more efficient…
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Amazon.com, Inc. (NASDAQ:AMZN) is taking advantage of robotics. The retail giant, which has been at the forefront of this generation’s incredible tech advancements, has incorporated robots into its warehouse operations. And the results have been impeccable for the tech titan. Amazon.com, Inc. Loves Robots at Warehouses It’s only been two years since Amazon started to…
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SolarCity Corp (NASDAQ:SCTY) has had a very interesting start to June. It has launched a new solar loan program. It is facing a new lawsuit. It has received a Deutsche Bank financial rating. The firm, which has been struggling this year, could have an interesting second-half of 2016. SolarCity Corp Launches New Solar Loan Program…
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Apple Inc. is planning to raise up to $4 billion through the sale of bonds in Taiwan and Australia. Citing sources familiar with the matter, Reuters reported on Wednesday that Apple is looking to raise $1 billion in Taiwan. The US dollar bonds will have a tenure of 30 years. On Thursday, The Wall Street Journal reported that the…
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Verizon Communications Inc. (NYSE:VZ) is all set to roll out its FiOS service in Boston. This comes at a time when a large part of its workforce is on strike. It is worth noting here that a few smaller cities near Boston were already being provided the service, but not Boston itself so far. This…
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Starbucks Corporation customers are unhappy about the coffee shop’s new loyalty program. As Time magazine notes, it’s good for some shoppers, but it’s not good for everyone. And even Deutsche Bank AG downgraded the stock on warnings that it may hurt loyal customers. Starbucks Corporation Rolls Out New Rewards Program Starbucks is giving its loyalty…
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SunEdison Inc (NYSE:SUNE) has struck gold in California this month. The green energy firm announced Tuesday that it has reached a solar power purchase agreement (PPA) with Stockton East Water District in Northern California. This is the second deal based in California in a month. SunEdison Makes Its Mark in California The renewable energy company…
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Netflix, Inc. has plans to make its service available to movie-crazy Indians, but, like in other emerging markets, it won’t be easy for two reasons. First, as we all know, a majority of Indians do not have a habit of paying to watch online. And, the second is rising local competition. Eros planning Netflix rival Kishore…
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iPhone 7 is being developed at Apple Inc. right now, but no one is sure when the company will announce a release date or what the new smart phone specs will be. Some new iPhone 7 info has leaked from the supply chain in East-Asia recently and the pics are giving a clearer view of iPhone 7 specs, and interestingly, they…
