Coverage: Lyft begins road show for huge IPO
Lyft Inc. pegged its valuation at between $21 billion and $23 billion as the ride-hailing service kicked off the roadshow to market its initial public offering Monday. Maureen Farrell of The Wall Street Journal had the news: The range, equating to between $62 and $68 a share, is preliminary and could change by the time the […]
Coverage: Boeing’s 737 MAX jets are grounded by U.S.
The Federal Aviation Administration on Wednesday grounded all Boeing 737 Max jets in the U.S., citing new evidence that showed similarities between two fatal crashes of the planes that have killed 346 people in less than five months. Leslie Josephs and Kevin Breuninger of CNBC.com had the news: The move marks a stunning turnaround for the U.S., which has […]
Coverage: Wells Fargo CEO goes to Congress
Lawmakers on Tuesday pressed Wells Fargo & Co. Chief Executive Officer Tim Sloan for proof the bank has put a string of consumer abuse scandals behind it at a tense congressional hearing. Imani Moise and Pete Schroeder of Reuters had the news: While Sloan struggled to convince skeptical lawmakers that Wells Fargo has transformed its culture, he managed […]
Coverage: Tesla reverses course, will keep more stores open
Tesla Inc. rolled back plans to close stores on Monday and will raise prices on some of its electric-vehicle models, an about-face after the auto maker said last month it would shut many of its locations and move sales online only. Kimberly Chin and Esther Fung of The Wall Street Journal had the news: After closing 10% of its locations, […]
Coverage: Women’s clothing retailer Charlotte Russe to close
Women’s apparel chain Charlotte Russe will close all of its remaining stores as it becomes the latest victim of the retail apocalypse. Chris Morris of Fortune.com had the news: The company says the shutdown of 416 locations will occur during the next two months. Going out of business sales will begin immediately in stores across 44 states […]
Coverage: CEOs say they’re hiring more workers without degrees
Chief executives of major companies said at a White House forum on Wednesday that they are hiring more Americans without college degrees as they search to find increasingly scarce applicants for open jobs. David Shepardson of Reuters had the news: “We have a chance to employ so many more people – and not always with […]
Coverage: Tesla unveils $35,000 Model 3, to close stores
Tesla Inc. said on Thursday it would not be profitable in the first quarter, as it offered for the first time a $35,000 version of its Model 3 sedan and said its global sales would now be online-only. Alexandria Sage of Reuters had the news: Chief Executive Elon Musk’s warning on profit during a conference call […]
Coverage: PG&E delayed work now suspected in fires
PG&E Corp. repeatedly delayed a safety overhaul of a century-old high-voltage transmission line that is a prime suspect behind the deadliest wildfire in California history. Katherine Blunt and Russell Gold of The Wall Street Journal had the news: The company told federal regulators in 2013 it planned to replace many of the towers, wires and hardware pieces on the line, called […]
WSJ taps Copeland to cover Google
Wall Street Journal global tech editor Jason Dean sent out the following announcement on Wednesday morning: Colleagues, I’m pleased to announce that Rob [Copeland] is stepping into a new role covering Google and its multifaceted parent company. In the nine months since he arrived in San Francisco, Rob has written enlightening and exclusive stories on […]
Coverage: Court rules in favor of AT&T/Time Warner deal
AT&T Inc. emerged victorious on Tuesday over the Trump administration’s drawn-out attempts to block its $85.4 billion purchase of Time Warner as the U.S. Justice Department said it would not fight an appeals court ruling approving the deal. Diane Bartz and David Shepardson of Reuters had the news: The acquisition had been closely watched in political circles after […]
