Business

Tesla is expanding its solar division across Home Depot‘s stores, a source familiar with those plans told CNBC. The expansion would help Tesla test the appeal of its renewable-energy products to a wider audience. It would help Home Depot use some of its excess floor space to sell new products and gain a competitive edge
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Billionaire Elon Musk’s The Boring Company has sold all 20,000 of its flamethrowers in just five days. The entrepreneur announced Sunday that his tunneling firm had started selling flamethrowers. The devices were available for pre-order at a price of $500 each, and customers were also able to buy an “overpriced” fire extinguisher with a “cool
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Food suppliers US Foods and Sysco have initiated separate lawsuits accusing numerous large poultry suppliers of colluding to manipulate wholesale chicken prices, The Wall Street Journal reported Wednesday. The two companies, which are the largest food suppliers to U.S. restaurants in the country, alleged that the poultry processors, including Tyson Foods, Pilgrim’s Pride and Sanderson
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IROZ GAIZKA | AFP | Getty Images Frenchman Pierre Agnes pictured in his office on October 17, 2014. French coastguards are searching for the chief executive of a leading surfwear company after his boat was discovered washed ashore on a beach in the country’s south-west. Pierre Agnes, CEO of Boardriders, Quiksilver’s parent company, set sail
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A group of vape shops in five U.S. states on Tuesday announced a trio of lawsuits challenging a rule adopted by the Food and Drug Administration that allows the regulator to treat e-cigarettes and similar devices like cigarettes. The vape shops, represented by the Pacific Legal Foundation conservative legal group, in lawsuits filed in federal
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Amazon, Berkshire Hathaway, and JPMorgan Chase on Tuesday announced a partnership to cut health-care costs and improve services for their U.S. employees. The announcement slammed the shares of multiple companies in the health-care sector. The giant companies, which together employ more than 1.1 million workers, will launch an independent operation that’s intended to be free
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Jasper Juinen | Bloomberg | Getty Images Frans van Houten, chief executive officer of Royal Philips NV Dutch health technology company Philips on Tuesday said its fourth-quarter sales grew 5 percent to 5.3 billion euros ($6.55 billion), buoyed by a rise in orders for high-end hospital equipment. The company’s intake of orders rose 7 percent,
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Revlon President and CEO Fabian Garcia will step down after less than two years in the position, the company said Monday. Board member Paul Meister was named executive vice chairman and put in charge of the company day-to-day operations on an interim basis. Garcia, who is stepping down to “pursue other opportunities,” will stay on
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Wynn Resorts stock remains in danger of dropping further if booking companies decide to avoid the casino group, according to one senior gaming analyst on Monday. Shares of the company plunged more than 10 percent Friday after The Wall Street Journal reported allegations that billionaire CEO Steve Wynn engaged in sexual misconduct over many years.
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Graham Crouch | Bloomberg | Getty Images Nadiem Makarim, chief executive officer of Go-Jek. Google has made an investment in Indonesian ride-hailing start-up Go-Jek. The move is part of Google’s ambition to grow Indonesia’s digital economy and start-up scene, the tech giant said in a statement Monday. “Go-Jek is led by a strong Indonesian management
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For example, Taylor Swift earned between $280,000 and $390,000 for her song “Shake It Off” which garnered 46.3 million streams, according to one report. But that’s for one of the world’s biggest pop stars. Most musicians won’t generate that many streams in their life time. Another calculation shows that 1 million plays on Spotify translates
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Bitcoin has “gone viral as a currency” and its price instability is a concern, economist Robert Shiller said Thursday. Speaking at the World Economic Forum (WEF) in Davos, Switzerland, Shiller compared the cryptocurrency to other attempts to “change” currency. Referring to concepts like the Unidad de Fomento — a Chilean unit of account that is
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FedEx says it’ll be giving wage increases, bonuses and make a voluntary $1.5 billion contribution to the company’s pension plan, citing recent tax reform legislation. The package delivery company follows others doing the same, including Home Depot, Disney, Starbucks, and Walmart. FedEx said Friday that it’ll raise compensation by more than $200 million, with about
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The sweeping policy initiatives introduced by Prime Minister Narendra Modi since he came into power more than three years ago are already paying off, according to a closely watched Indian business leader. Vijay Sharma, founder and CEO of Indian digital payments giant Paytm, said India was an opportunity waiting to happen just a few years
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Bombardier on Tuesday attempted to draw its Brazilian rival Embraer into a hotly contested trade dispute, two days before a U.S. agency will rule on whether duties should be slapped on American sales of the Canadian plane-and-train-maker’s largest jet. The International Trade Commission (ITC), which oversees U.S. trade remedy laws, is to decide on Thursday
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Andrew Harrer | Bloomberg | Getty Images President Donald Trump, right, listens while Senator Dick Durbin, a Democrat from Illinois, speaks during a meeting with bipartisan members of Congress on immigration in the Cabinet Room of the White House in Washington, D.C., U.S., on Tuesday, Jan. 9, 2018. President Donald Trump is rejecting a proposed
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