Money


Virgin America acquired in $2.6 billion deal
- April 09, 2016

And with this new state of business, Alaska Air Group have become the highest rated carrier on the U.S. West Coast. That relationship also enables members of both carriers to have the equal status between the two airline companies. While a combined Alaska-Virgin America would not affect the size rankings at the top of the USA industry, the new carrier would surpass JetBlue for fifth place, based on passenger traffic. (more...)
Tesla Wows As Its New Model 3 is Unveiled
- April 09, 2016

Additionally, Kelley Blue Book analyst Jack Nerad added that Tesla will very much likely release "versions that are much more expensive" on top of the $35,000 entry-level model. Tesla has unveiled a prototype of its Model 3 in California. "Oh my goodness, the vehicle looks gorgeous". Unfortunately, Tesla fans still have a long wait for the Model 3 . (more...)
Tesla Motors Inc says lessons have been learned after sales disappoint
- April 08, 2016

Tesla said the delivery count was hit by "severe Model X supplier parts shortages in January and February that lasted much longer than initially expected". Once the issues were resolved, it was able to build 750 Model X vehicles a week by late March, but such SUVs were built too late to be delivered to owners by the end of the quarter. (more...)
Panama lawyer says data hack was external
- April 07, 2016

Company emails, extracts of which were published in an investigation by the U.S.-based International Consortium of Investigative Journalists and other media organizations, were "taken out of context" and misinterpreted, he added. During a visit to a business in central England on Tuesday, Cameron said he did not own any shares or have any offshore funds but did not answer a question on whether he or his family had benefited from offshore investment funds set up by his father. (more...)
UK's Cameron ensnared in Panama Papers scandal UK's Cameron ensnared in Panama Papers scandal
- April 07, 2016

He said: "It's a private matter in so far as it's a privately held interest but it's not a private matter if tax has not been paid". But Labour leader Jeremy Corbyn called for an "independent investigation" into Ian Cameron's tax affairs and urged the Prime Minister to explain "exactly what's been going on". (more...)
Fed Minutes Show Officials Wary of April Rate Hike Fed Minutes Show Officials Wary of April Rate Hike
- April 07, 2016

Fed critics who have advocated for auditing the central bank and requiring the group to adhere to stricter rules and regulations about when they should and shouldn't hike rates will likely seize upon the minutes as an indication that the central bank isn't operating effectively without pre-defined definitions of what is and isn't economic progress. (more...)