Money


Tesla Model 3: Are You Ready For Its Unveiling? Tesla Model 3: Are You Ready For Its Unveiling?
- March 09, 2016

California Public Employees Retirement System now owns 278,700 shares of the electric vehicle producer's stock valued at $66,891,000 after buying an additional 1,000 shares during the last quarter. Tesla punches above its weight, in terms of how well known it is. Analysts and investors have voiced concern that Tesla won't have the battery supply to build enough Model 3s to be meaningful to its bottom line - Tesla disagrees. (more...)
United States stocks open lower, pausing from rally mode United States stocks open lower, pausing from rally mode
- March 08, 2016

The Standard and Poor's 500 edged up 1.77 points, or 0.1 per cent, to 2,001.76. The S&P energy and materials sectors were the only two in the green as crude prices rose more than 1 per cent. He said the oil market is finding a footing and that is allowing stocks in the sector to bounce. Oil (http://www. marketwatch .com/story/crude-prices-add-to-gains-in-an-increasingly-bullish-market-2016-03-07) continued its trajectory higher on Monday, settling at its highest level this year after climbing ... (more...)
Mitt Romney: Contested GOP convention is 'realistic' Mitt Romney: Contested GOP convention is 'realistic'
- March 07, 2016

Figures for the size of the TV audience on Thursday will be released by Nielsen later on Friday. Trump - who has repeatedly threatened the possibility of launching a third party bid should he feel that the party is treating him unfairly - also said he would back whoever the party crowns. (more...)
AMC Theatres buys Carmike to create world's largest theater chain AMC Theatres buys Carmike to create world's largest theater chain
- March 05, 2016

AMC , which indicates that the operation has been validated by the boards of both parties said that this merger will create the world's leading theaters. And he expects no Carmike houses to close under AMC's hand, though it would hope to sell those that regulators deem competitive with AMC. Carmike Cinemas Inc.is headquartered in Columbus, Georgia. (more...)
Oil prices fall on huge build in US crude stocks Oil prices fall on huge build in US crude stocks
- March 02, 2016

Global inventories of crude oil and refined products have climbed in recent months amid robust oil production. Analysts at Barclays noted: "The recent output freeze talks are unlikely to have any immediate impact on market balances, given the producers who have agreed to freeze production (as well as those indicating willingness) are already producing close to their full capacity". (more...)
Honeywell walks away from $90B bid for United Technologies Honeywell walks away from $90B bid for United Technologies
- March 02, 2016

The company cited United Technologies' unwillingness to engage in negotiations as the reason for ending the merger attempt. Honeywell's Sensotec test-and-measurement sensors business is based in Columbus. He added that the company made a fair offer, which would have benefitted the stockholders. The Morris Plains, N.J.-based manufacturer said that both firms have agreed in the recent past that "the industrial logic was compelling in a very doable transaction". (more...)