Drink it in: Kobe Bryant turns $8m investment into $277m

Drink it in: Kobe Bryant turns $8m investment into $277m

Coca-Cola Co is buying a minority stake in a sports drink brand backed by basketball star Kobe Bryant, it has announced, seeking to mount a stronger challenge to PepsiCo’s Gatorade. Coca-Cola’s investment in BodyArmor – which will make it the brand’s second largest shareholder – comes as its Powerade drink competes for market share with […]

Tencent Surprises With Profit Drop as China Hobbles Games

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Diamondback to buy Energen in $9.2 billion deal to boost Permain presence

Diamondback to buy Energen in $9.2 billion deal to boost Permain presence

(Reuters) – U.S. oil and gas company Diamondback Energy Inc (FANG.O) said on Tuesday it would buy Energen Corp (EGN.N) in an all-stock deal valued at $9.2 billion to expand in the Permian Basin. Energen was under pressure to sell itself by activist investors Corvex Management, Icahn Associates and Elliott Management. The acquisition will increase […]

My 5-Step Plan For Tesla, Public Or Private, To Fulfill Its Promise

My 5-Step Plan For Tesla, Public Or Private, To Fulfill Its Promise

Share to facebook Share to twitter Share to linkedin Tesla cars on display at the company’s Brooklyn store. (Spencer Platt/Getty Images) Let’s set aside for a moment all the truly bizarre things that have happened that have led Tesla to the point where it may go private using funds from the Saudi Sovereign wealth fund. The real […]

ATM services company Diebold Nixdorf hires advisers to seek a sale, sources say

ATM services company Diebold Nixdorf hires advisers to seek a sale, sources say

Diebold Nixdorf, the ATM servicer and software provider, has hired financial advisers to seek a sale, according to people familiar with the matter. No deal is assured, and talks with potential buyers aren’t advanced, said the people, who asked not to be identified because the discussions are private. Diebold hired Credit Suisse and Evercore last […]

Oil prices edge up on Iran sanctions, but trade tensions drag

Oil prices edge up on Iran sanctions, but trade tensions drag

SINGAPORE (Reuters) – Oil prices inched up on Monday as U.S. sanctions against Iran pointed towards a tighter market, although concerns over slowing economic growth amid global trade tensions kept a lid on gains. An oil pump jack is seen at sunset in a field outside Scheibenhard, near Strasbourg, France, October 6, 2017. REUTERS/Christian Hartmann […]

A stolen plane, a devastated family and a nation questioning airport security gaps

A stolen plane, a devastated family and a nation questioning airport security gaps

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Horizon Air Plane Theft, Crash Exposes Cracks in Airport Security

Horizon Air Plane Theft, Crash Exposes Cracks in Airport Security

Friday’s theft of a Horizon Air passenger plane from Seattle-Tacoma International Airport exposed the aviation vulnerabilities that persist even after efforts to enhance security following the Sept. 11, 2001, terrorist attacks. The employee, a man who had worked at Horizon Air for 3½ years, was a ground-service agent and, according to airline officials, didn’t have […]

Airline employee steals a plane from Seattle airport and crashes

Airline employee steals a plane from Seattle airport and crashes

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Alnylam Wins First US Drug Approval in Rare Genetic Disease

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