Archive for October, 2016

Tesla Unveils New Solar Products

Tesla (NASDAQ:TSLA) Chairman and CEO Elon Musk wants to expand from electric vehicles to clean energy systems for homes and offices. Edging closer to that goal, the company unveiled new solar panel tiles and energy storage units for homes at its latest show. The unveiling showed the products on four of the Wisteria Lane houses […]

Goldman Sachs Tops Income And Revenue Predictions

Goldman Sachs (NYSE:GS) reported third-quarter earnings that easily beat the predictions of Wall Street analysts. The bank reported a 58 percent increase in its net income for the third quarter of 2016, earning a profit of $2.1 billion, or $4.88 a share, in the July-September quarter, compared to $1.3 billion in the year-ago quarter. Its […]

Flights Delayed Worldwide After United Airlines Computer Glitch

A computer glitch temporarily halted departures at United Airlines (NYSE:UAL) late Thursday, leaving thousands of passengers delayed worldwide. The widespread delays were caused by two separate problems with United Airlines’ computer systems. The first glitch affected United’s luggage weighing systems. Another issue also arose, but spokeswoman Maddie King said she did not know its nature […]

Viacom, CBS Form Independent Committees To Consider Merger

Viacom (NASDAQ:VIA) has formed an independent board committee to review a proposed merger with CBS. National Amusements formally urged the companies to explore an all-stock recombination in a letter last week. National Amusements is controlled by Sumner Redstone and his daughter Shari. Through the holding company, the Redstones own about 80 percent of the voting […]