Image copyright EPA The EU's chief Brexit negotiator Michel Barnier has said he is "strongly" opposed to key parts of Theresa May's proposals for a future trade deal.This morning the prime minister said she would not compromise on the UK government's Chequers plan.But Mr Barnier said plans for a "common rulebook" for goods but not…
Enlarge / Elon Musk in 2004, the year he became chairman of the board at a tiny electric car startup called Tesla. Tesla's battle with the Securities and Exchange Commission could be the company's biggest crisis in almost a decade. And it all started with a tweet. "Am considering taking Tesla private at $420," Musk…
Tyson Foods Inc. is getting a new CEO. Tom Hayes, who has been at the helm of the maker of Ball Park hotdogs and Jimmy Dean sausages since late 2016, is “stepping down for personal reasons,” according to a news release published Monday. The Wall Street Journal reports that Hayes’ departure is not related to…
Enlarge / Oil platform in the Gulf of Mexico. There are nearly 5,000 functioning oil platforms in the Gulf of Mexico and 27,000 abandoned wells. This week, New Jersey's attorney general sued the US Department of the Interior (DOI) for failing to comply with a Freedom of Information Act (FOIA) request seeking more information about…
Media playback is unsupported on your device Media captionPeople have left homes and taken precautions ahead of the hurricane US East Coast residents are running out of time to flee before Hurricane Florence batters the region, officials have warned.The category three storm with 125mph (205km/h) winds is forecast to make landfall early on Friday.Up to…
WASHINGTON (Reuters) - The United States is preparing a “series of actions” in the coming days to increase pressure on the Venezuelan government, U.S. Secretary of State Mike Pompeo told Fox News on Friday. FILE PHOTO: Venezuela's President Nicolas Maduro gestures as he talks to the media during a news conference at Miraflores Palace in…
IBM agreed to acquire software maker Red Hat Inc. for $33.4 billion in the biggest-ever acquisition for the computer-services giant. International Business Machines Corp. will pay $190 per share in cash for Raleigh, North Carolina-based Red Hat, according to a statement from the companies Sunday, confirming an earlier Bloomberg News report. That’s a 63 percent…
THE garage in which Hewlett-Packard was started in 1939 is now a private museum—a modest monument to the cut-price creativity and bare-knuckle entrepreneurship that made Silicon Valley famous. Drive south from Palo Alto through 20 minutes of inevitable traffic to Sunnyvale and you will find a landmark of a different kind. Nothing of technological note…
Coca-Cola has announced a surprise move to buy Costa Coffee, one of Europe's largest cafe chains, from current owners Whitbread for £3.9 billion ($5.1 billion) in a move likely to send shockwaves through the coffee industry. Whitbread, which also owns budget UK hotel chain Premier Inn, said that its board had unanimously approved the deal,…
Thomson Reuters Wall Street continued to slide Thursday morning after initially finding some relief in tamer-than-expected inflation data, a day after worries about rising rates and trade tensions sparked a sharp sell-off in global markets. After suffering its steepest drop since February in the previous session, the Dow Jones industrial average fell more than 350…
