Private equity firm Silver Lake buys $500 million stake in Manchester City: report

Silicon Valley private equity firm Silver Lake Partners is reportedly buying a $500 million stake in Manchester City, at a valuation that would make the English soccer team one of the world’s most expensive sports franchises. The Financial Times first reported the deal, which it said is expected to be officially announced Wednesday. The FT said Silver Lake is buying […]

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This company turned its earnings call into a skit that involved ‘port-a-potties’

Zuora Chief Executive Tien Tzuo has at least one thing in common with Tesla Inc.’s Elon Musk: the opinion that earnings conference calls can be “boring” and “dry.” So Zuora ZUO, -18.91% opted to try something different this quarter, holding a “dialogue” instead of the traditional recitation of prepared statements. The basic format was “interviews” between the CEO and CFO about […]

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Now would be the time for Apple to buy Tesla, and kick Musk out of the driver’s seat

The idea of a merger between Tesla Inc. and Apple Inc. has been floated for years as a way to get attention. Now, it may not be so ridiculous. Elon Musk has put an end to his idea to take Tesla TSLA, -1.10% private, but still has a tough road ahead to meet profitability and production projections, especially as Tesla […]

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Some Tesla suppliers now worry about getting paid

Tesla Inc.’s tumultuous year has fueled concern among some of its suppliers about the auto maker’s financial strength after production of the Model 3 car drained some of its cash, according to industry executives and documents. A recent survey sent privately by a well-regarded automotive supplier association to top executives found that 18 of 22 respondents believe that Tesla TSLA, […]

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UPDATE: Tesla stock slides 7% premarket as JP Morgan slashes price target

Tesla Inc. shares TSLA, -8.93% slid 7% in premarket trade Monday, after JP Morgan analysts slashed their stock price target to $195 from $308, putting it back where it stood on Aug. 8, before Chief Executive Elon Musk’s now famous going-private tweet. The analysts had boosted their target after that tweet, which said Musk was considering taking the company private […]

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Stock futures inch up, putting indexes near records

U.S. stock-index futures were slightly higher on Monday, with major indexes poised to open near multimonth highs as investors remained optimistic that progress was being made in the contentious trade disputes between the U.S. and its major trading partners. Futures for the Dow Jones Industrial Average YMU8, +0.30% rose 70 points to 25,742, a gain of 0.3%. Futures for the S&P […]

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Tesla short sellers are up $1.2 billion since Elon Musk’s ‘going-private’ tweet

Investors betting that Tesla Inc. stock will fall appear to be having the last laugh, at least for now. Tesla TSLA, -8.93% short sellers are up $1.2 billion in paper gains since the day Chief Executive Elon Musk tweeted he was “considering” taking the company private at $420 and funding was “secured,” S3 Partners LLC, which tracks real-time short interest data, […]

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Dow, S&P 500 halt 4-session skid as Turkish lira angst takes a breather

U.S. stocks closed Tuesday’s session solidly in the green, halting a multiday tumble for the three main equity benchmarks, which advanced as Turkey’s currency slide abated, allowing investors to focus instead on a healthy domestic economy and strong corporate results. The Dow Jones Industrial Average DJIA, +0.45% rose 0.5% at 25,300 (on a preliminary basis), the S&P 500 index SPX, […]

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