Great Wall Motor of China Sets Its Sights on Jeep – New York Times

The automaker owns the Chrysler, Dodge, Ram and Jeep brands, as well as the Fiat, Alfa Romeo and Maserati brands in Europe. The seriousness of Great Wall’s interest in a deal could not immediately be determined, and a company spokeswoman declined to say whether the two parties had even met. The Chinese carmaker, controlled by […]

Amazon: Why A Waterfall Decline Might Be Underway – Seeking Alpha

Amazon: Why A Waterfall Decline Might Be Underway – Seeking Alpha

Background On July 31, with Amazon.com (AMZN) having closed at $1,020, Seeking Alpha published my article suggesting that AMZN might be about to crash. The title was Amazon’s Stock Looks Headed For A Waterfall. Since then, the stock has done little but drop. The main bearish thesis, which I listed as something that short sellers […]

Sempra Bests Berkshire With $9.45 Billion Offer for Oncor – Bloomberg

Sempra Bests Berkshire With $9.45 Billion Offer for Oncor – Bloomberg

U.S. utility owner Sempra Energy has agreed to buy control of Texas power distributor Oncor Electric Delivery Co. for $9.45 billion, topping a bid by Warren Buffett’s Berkshire Hathaway Inc. just last month. Sempra’s deal for Energy Future Holdings Corp., which owns 80 percent of Oncor, is valued at about $18.8 billion including debt, the San […]

Here’s how Trump’s council of business titans fell apart – Business Insider

Here’s how Trump’s council of business titans fell apart – Business Insider

Kevin Lamarque/Reuters President Donald Trump’s biggest gatherings of business leaders fell apart, and according to reports Trump’s own comments are to blame. As detailed by reports, the decision to finally disband the council came after Trump’s comments over the weekend that did not explicitly denounce neo-Nazi and white nationalist groups at the heart of the […]

Volkswagen To Bring Back The Iconic Microbus in 2022 – Only This Time It’s Electric – Forbes

Volkswagen To Bring Back The Iconic Microbus in 2022 – Only This Time It’s Electric – Forbes

Volkswagen photo Volkswagen’s I.D. Buzz concept will go on sale in 2022 as an electric vehicle. Volkswagen made it official today: it’s bringing back one of America’s most beloved vehicles, the microbus, this time as a fully-electric van that will carry both people and cargo. The German automaker has been teasing American customers with microbus concepts for […]

Foot Locker: I Made A Mistake – Seeking Alpha

Foot Locker: I Made A Mistake – Seeking Alpha

Source: Public Domain On Friday afternoon, as I sat in front of my laptop awaiting Foot Locker’s (NYSE:FL) Q2 earnings with a hot chicken wrap in hand, I could not have predicted how eventful the day would be… Prologue I bought my first set of Foot Locker shares in the very recent past. I grabbed […]

Uber’s Travis Kalanick punches back against the Benchmark lawsuit targeting him – Los Angeles Times

Uber’s co-founder and former chief executive, Travis Kalanick, has struck back at venture capital firm Benchmark. In seeking to dismiss a fraud lawsuit Benchmark filed against him, he called the suit a “smear campaign” and characterized the firm’s partners as ruthless opportunists who staged an “ambush” on him, threatening and demanding he quit, less than […]

Infosys Says Vishal Sikka Resigns as CEO, Becomes Vice Chairman – Bloomberg

Infosys Says Vishal Sikka Resigns as CEO, Becomes Vice Chairman – Bloomberg

Infosys Ltd.’s Vishal Sikka has resigned as chief executive officer, a major loss for a company dealing with heightened acrimony between the board and a cohort of founders led by ex-chairman NR Narayana Murthy. The 50-year-old executive, who’d helped grow Infosys’ revenue about 25 percent since taking the helm three years ago, is leaving Asia’s No. […]

Gary Cohn faces worst career investment dilemma – CNBC

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