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In order to attract and retain small and big business alike, it has long been a tactic by states and local governments to offer tax breaks - just ask Elon Musk who has been a happy recipient of taxpayer generosity over the years.
Skip to 12:12 here (or in video embedded above), and you'll hear Musk imply, without expressly stating, that Tesla is plotting a Gen 4 Tesla that everyone can afford. Model 3, he acknowledges, leaves about half the population unable to swing the pr
Back in February, workers at a Carrier air conditioner manufacturing plant in Indianapolis filmed a company spokesman informing employees that 1,400 jobs would be moved to Mexico. The speaker could barely finish his speech in front of this irate crow
Sports Authority Inc. learned the hard way that buyout debt can be a drag.
As China's credit fueled craziness rages on, individual "investors" have been tripping over themselves trying to get in on a piece of the action, opening up enough brokerage accounts for every man, woman, and child in LA and pouring hard earned money
A couple years ago, Dyson's New Product Innovation team started buying up human hair, by the tress-ful.
Apple Reports Massive Revenue Decline As iPhone Sales Plummet Dramatically
A YouTube video called "Player Two" is going viral on YouTube because it is a tear-jerking, super touching story.
Exxon Mobil has been rate AAA by S&P since 1930 according to Bloomberg. Today that ended as the global crude explorer with sales that dwarf the economies of most nations was cut to AA+ (Outlook stable). Having been put on notice in February (negative
One of the lingering economic debates concerns productivity growth.
Saudi Arabia single-handedly scuttled the Doha meeting, knowing all along that Iran would not participate, with a valid reason.
Chinese billionaire Jia Yueting says that Tesla is a great company that has taken the global car industry into the EV era.
Samsung SDI is in the process of dropping all non-profitable divisions.
Just 3 short months ago, we detailed how - thanks to the collapse in China's growth and massive commodity inventory gluts, the cost of renting a Dry Bulk Tanker was less than the cost of renting a ferrari for a day...
SunEdison, once the fastest-growing U.S. renewable energy company, filed for Chapter 11 bankruptcy protection on Thursday as years of debt-fueled acquisitions proved unsustainable.
Following Japan's record low PMI, Europe's modest pick-up, and China's bounce, this week's Philly Fed crash was more indicative as US Manufacturing (flash) PMI printed 50.8 (from 51.5 in March and notably missing 52.0 expectations).
On Thursday evening, attorneys for the Uber drivers in the class action employment lawsuits against the ridesharing company announced that they had reached a settlement for $100 million. Although neither suit has yet gone to trial and the agreement s
The world's largest commercial aircraft engine has been started up for the first time at GE Aviation's Peebles Test Operation in Ohio.
to grow more organic food. (NaturalNews) In news that will be embraced by health-conscious consumers and organic farmers alike, Costco is finding the demand for organic food to be so staggering, that it is lending money to farmers so they can grow en
Two clean-energy advocates who opposed Salt River Project's solar rate hike last year now have seats at the table where those decisions are made after winning election to the utility's board of directors.
The Dow closed above 18,000 on Monday for the first time since July. Isn't that great news? I truly wish that it was.
A new partnership between Loughborough University in the UK and garment manufacturer the Yeh Group aims to kick 3D printed fashion into gear.
Goldman Sachs Group Inc reported the worst quarterly results in more than four years on Tuesday as volatile markets kept clients from trading, investing or issuing new securities.
Scandanavia's first zero-packaging store is set to open in Copenhagen this summer. The world is going green, slowly but surely. Not only are some cities, such as San Francisco, banning the sale of plastic water bottles, others are opening zero-packi
The Cass Freight Index, a "Measure of North American Freight Volumes" is up for the month of March but down once again on a year-over-year basis.
"Exodus Has Begun"
Oil prices slid on Monday after a plan by major oil producers to freeze production was scuttled, but a Kuwaiti oil industry strike helped the market pare losses and settle off the day's lows.
Theranos CEO Elizabeth Holmes is at risk of being barred from the blood-testing business for two years as a result of some serious missteps at her startup.
Over the weekend, Bloomberg View's quasi-economist wrote his latest laughable article, one which supposedly "explained" how "Everyone Worries Too Much About 'Black Swans'...
Sometimes you have to laugh...
