The pan-European Stoxx 600 was down around 0.1 percent during early morning deals, with most sectors and major bourses in negative territory. Europe’s chemicals stocks were among the worst performers, down around 1 percent amid merger and acquisition news. German industrial gases company Linde slumped to the bottom of the sector, amid reports the U.S.
Four years ago, Greg Lettieri and Adam Pasquale found their startup idea in the garage. The CEO and COO, respectively, of Recycle Track Systems (RTS) offers up environmentally focused waste removal and recycling by connecting its clients with independent haulers. Its major selling point, however, takes a page out of Uber’s driving manual, using technology
Zero Motorcycles, which opened up shop in 2006, is a niche electric brand . The privately-held, California-based company sells between 2,000 and 10,000 motorcycles a year, both domestically and internationally, and is growing fast, with a compounded annual growth rate of about 40 percent each year. Other electric motorcycle makers include KTM and Alta Motors.
NASA announced on Friday the assignments of the first nine astronauts riding commercial spacecraft to the International Space Station, naming five to the first two Boeing flights and four to SpaceX’s flights. The astronauts are a part of NASA’s Commercial Crew program, which is the agency’s solution to once again launch U.S. astronauts from U.S.
Food and Drug Administration Commissioner Scott Gottlieb supports this idea. As part of his sweeping plan to overhaul tobacco regulation, he wants to reduce the amount of nicotine in conventional cigarettes to minimally or non-addictive levels. In doing that, Gottlieb recognizes he needs to give people who are already hooked another less harmful option. However,
Email exchanges between CV Bean and their client, who requested anonymity, detail the customer’s surprise at being told by their trade adviser they had to pay the tariff, and how the company needed to file a request with European Union customs for a refund — a cumbersome process in itself. In a message given to
Warren Buffett‘s Berkshire Hathaway may pull the trigger on a rare stock buyback Saturday morning. Just over two weeks ago, Berkshire revealed its board had amended the company’s share repurchase program to give Chairman and CEO Warren Buffett and Vice Chairman Charlie Munger authority to buy back shares any time they “believe that the repurchase
MoviePass’ parent Helios and Matheson Analytics lost 97 percent of its market value this week, falling as low as 5 cents per share Friday. The stock closed at 7 cents. It’s a penny stock, so it doesn’t take much to send shares on wild swings. Still, the plunge stands as Helios and Matheson’s worst week
Emmanuel Le Bouille had a training problem. The health program director for Groupe Auchan, an international retail group, had to implement a global wellbeing course for 260,000 members of staff — everyone in the company’s workforce across 12 countries. “If we had tried to do this through the traditional classroom approach, it would have taken
Christian Hartmann | Reuters The Swiss Re building in Zurich is shown in this Feb. 19, 2009 photo. Swiss Re reported weaker-than-expected net profit over the first six months of the year, with the world’s second-largest reinsurer citing accounting changes as the main drag on earnings. The company posted net profit of $1.0 billion during
Qilai Shen | Bloomberg | Getty Images Kevin Johnson, chief executive officer of Starbucks Corp., speaks during a Bloomberg Television interview in Shanghai, China, on Thursday, Aug. 2, 2018. Starbucks is joining forces with Alibaba Group Holding Ltd. to begin delivering its drinks and baked goods in China, rolling out an effort to stave off competitors and turn
Papa John’s founder John Schnatter said he has “no confidence” in the current management team at the pizza chain, including the CEO he handpicked as his replacement, after executives forced his ouster last month over some off color remarks he made on a conference call. In an interview with CNBC, Schnatter said he doesn’t believe
Asian and U.S. markets told a similar story as trade worries hit investor sentiment. Overnight, President Donald Trump’s administration sought to push China harder on trade by suggesting that it could increase import taxes to 25 percent on $200 billion-worth of goods. Meanwhile, corporate earnings season is in full swing. French lender Societe Generale published
On Wednesday, Musk said of his impoliteness towards analysts, “I violated my own rule in that regard…There’s no excuse.” The CEO’s contrite tone on Wednesday’s call may assuage the concerns of investors who worried about Musk’s leadership style under pressure. CFRA’s Efraim Levy wrote in a note to investors on Wednesday, even ahead of the
The Dow and the S&P 500 logged some serious gain in July. The S&P has added more than 3 percent and the Dow has jumped about 4.7 percent. Both indices had their best month since January. However, using history as a guide, the bullish trend could be about to reverse. Over the past thirty years,
Ian Waldie | Bloomberg | Getty Images A train loader fills train carriages with lump iron ore at Rio Tinto Group’s West Angelas iron ore mine in Pilbara. The miner’s plans to replace trains with driverless ones hit a delay in Q1. Rio Tinto reported a rise in first-half profit for 2018 of 12 percent
A new Somerville startup wants to apply the strategy of direct-to-consumer brands like Warby Parker and Dollar Shave Club to an overlooked segment of consumers: Older adults struggling with incontinence. The new company, called Willow, is set to launch its website and online marketing campaign on Tuesday. Willow will sell packages of 60 pairs of
Photo by Matthew Whiteley, Courtesy of AllBright SCM Direct founder & Transparency Campaigner Gina Miller (L) and AllBright Co-founder Debbie Wosskow OBE (R) at the 2018 AllBright FoundHER Festival in London. Speaking at the AllBright’s FoundHER Festival in London earlier this month, Miller explained how she learned to listen to and trust her inner voice.
Euro area economic growth for the second quarter of this year is to be published on Tuesday morning, as well as the inflation rate. German retail sales and unemployment figures for June, as well as Italian economic growth and inflation for the second three months of the year, will also be released. Tuesday is also
The chances of Les Moonves remaining at the helm of CBS are slim, after allegations of sexual misconduct surfaced last week, according to longtime media analyst Porter Bibb. “I think it’s inevitable that Les is history at CBS, whether he takes a leave of absence or is dismissed outright,” Bibb said on CNBC’s “Power Lunch”
Kate Green | Anadolu Agency | Getty Images Lead claimant Gina Miller speaks outside the Supreme Court in Parliament Square following a majority ruling against the government, on January 24, 2017 in London, England. “To send me things in the post that’s so vile — that’s more worrying, that’s what gets me, the offline stuff, because
U.S. stocks closed lower on Friday due to poor earnings reports from Intel and Twitter, despite the domestic economy recording strong second-quarter economic growth of 4.1 percent. Asian stocks headed south on Monday morning, tracking the U.S. In the latest Brexit-related development, Deutsche Bank has moved nearly half of its euro clearing activities from London
Small business is starting to go digital, as smartphone apps, cloud sharing and automation help many of them get more work done in less time. Technology is often billed as a means to replace human labor, yet recent data suggest that small businesses are actually looking to boost headcount, even as they shell out more
A startup in Brooklyn is making spacesuits for the next generation of astronauts, and potentially for a fraction of what NASA spends on them. Final Frontier Design is already selling suits for passengers traveling inside a spacecraft for between $125,000 to $150,000. The company is now developing suits that can withstand the pressures of deep
Papa John’s announced in a statement on Friday that Olivia F. Kirtley had been appointed chair of the company’s board of directors, following the resignation of founder John Schnatter after it was revealed he used the N-word on a call in May. Kirtley, the board’s lead independent director, was serving as the chair in Schnatter’s
Ellie Mae reported an increased number of closed loans on its Encompass platform despite ongoing shortages in the housing market. With 721,000 loan applications closed during the second quarter that’s an increase of 6 percent year over year. “What we may be seeing is a move from a sellers market to more of a buyers
Perhaps other countries should be paying more for America’s innovative prescription drugs, former pharmaceutical exec Fred Hassan told CNBC. “A lot of wealthy countries, including our neighbor to the north, a lot of the countries in Western Europe, Japan, they should be paying more,” Hassan, former chairman and CEO of Schering-Plough, which was acquired by
Delta’s massive uniform overhaul isn’t quite done yet, as the Atlanta-based airline is partnering on what it calls the “largest single company textile diversion programs in U.S. history.” As part of a multi-billion dollar companywide makeover, Delta Air Lines Inc. outfitted its 64,000 employees in new uniforms on May 29. That meant “retirement” of more
President Donald Trump pitched his economic record to voters Friday morning — saying strong numbers released earlier in the day were “sustainable” and blasting Democrats for wanting to “raise everybody’s taxes.” Trump said “we’re going to go a lot higher” than 4.1 percent gross domestic product growth during a speech on the White House South
Thomas Samson | AFP | Getty Images As tech giants race against the clock to fix major security flaws in microprocessors, many users are wondering what lurks behind unsettling names like ‘Spectre’ or ‘Meltdown’ and what can be done about this latest IT scare. Bank of America Merrill Lynch downgraded shares of Intel on Friday