October 17, 2018

Musk to buy $20 million in Tesla stock

Tesla Inc Chief Executive Officer Elon Musk will purchase company stock worth $20 million in the next open trading session, the electric carmaker said in a filing on Wednesday.
October 17, 2018

Tesla’s vice president of manufacturing departs: Business Insider

Tesla Inc's vice president of manufacturing, Gilbert Passin, has left the company, Business Insider reported on Wednesday, citing a source familiar with the situation.
October 17, 2018

GE to pay penalty if falls short of French job pledges: ministry

General Electric's new CEO told France's finance minister on Wednesday that it would stick to his predecessor's French job pledges or pay a penalty, the Finance Ministry said.
October 17, 2018

The CEO of Silicon Valley DNA testing startup 23andMe shares the health product she hopes to sell next

Anne Wojcicki, the CEO and founder of Silicon Valley's most popular genetics testing startup, 23andMe, said this week that she hopes the company expands its current health offering lineup. 23andMe, which made headlines recent...
October 17, 2018

One of Canada’s largest marijuana growers is going public on the New York Stock Exchange

Aurora Cannabis, one of the largest Canadian marijuana producers, is going public on the New York Stock Exchange. The company joins Tilray, Cronos Group, and Canopy Growth on US-based exchanges. Marijuana is officially legal ...
October 17, 2018

Adidas CEO explains how the company pulled off a startling American turnaround, what the future of sportswear is, and why Kanye West is still good for business

Three years ago, Adidas shifted its entire global strategy to try and capture more of North America, the largest market for sportswear. It has since seen explosive growth, with the company capturing more market share in ...
October 17, 2018

Indian regulator asks Fortis Healthcare to recover $55 million from founders, eight firms

India's capital markets regulator has asked Fortis Healthcare to recover 4.03 billion rupees ($55 million) from its founder brothers and firms related to them, pending an investigation into loans made by the company.
October 17, 2018

A tiny Chinese manufacturer of eco-friendly building products explodes by 950% after pivoting to gemstones (YECO)

  Yulong Eco-Materials, a tiny Chinese manufacturer of eco-friendly building products, announced Wednesday it had completed the acquisition of a gemstone for $50 million. The company is in the process of sellin...
October 17, 2018

Oracle is acquiring a tiny cloud startup backed by Qualcomm to build out its health science product suite (ORCL)

Oracle is acquiring goBalto, a health tech start up which focuses on reducing the time it takes to start a new clinic trial. goBalto, which was last valued at $70 million in a 2015 funding round, was backed by investors inclu...
October 17, 2018

Here’s what you find when you take apart a Tesla

For its latest episode, Business Insider's podcast 'Household Name' interviewed Rich Benoit, a Massachusetts man who buys salvaged Teslas and repairs them until their like new. He shared what you'll find if you look under the...