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Elon Musk: High-speed, futuristic L.A. travel tunnel is almost ready

HAWTHORNE, California – Are the Los Angeles area residents one step closer to a shorter commute? Elon Musk, Tesla and SpaceX CEO said that a subway tunnel designed to ease the LA traffic was near completion. Opens 10th December – Elon Musk (@elonmusk) October 22, 2018 The first tunnel is almost finished – Elon Musk (@elonmusk) October 22, 2018 CBS …

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Fiat Chrysler Shares Pop on News of $ 7 Billion Sale of Magneti Marelli

Fiat Chrysler Automobiles NV agreed to sell its high-tech car-unit unit, Magneti Marelli, two KKR & Co.'s Calsonic Chances in a 6.2 billion euro ($ 7.1 billion) transaction, marking the first major deal for the Italian-American carmaker under new Chief Executive Officer Mike Manley. Beda Bolzenius, Chief Executive Officer of the Japanese acquirer, will lead the combined entity, which will …

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Search for Amazon HQ2 Sparks Real Estate Speculation

Lots of real estate investors are ready to buy real estate in any city Amazon.com Inc. picks for his second headquarters. Some are not waiting. Speculators discover funds to invest in real estate near the winning place, wherever it may be – or collecting cash obligations so that they can beat immediately after the winner has been announced. Others buy …

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WorleyParson's Oil Price Agreement is a Hail Mary Pass

By David Fickling | Bloomberg 22. October at 2:03 pm If you can not beat them, join. It appears to be the main principle behind WorleyParsons Ltd.'s bold takeover of Jacobs Engineering Group Inc Energy, Chemicals and Resources. The Australian company, which makes most of its money from designing, building, operating and maintaining refineries, offshore rigs and other equipment for …

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Brent oil rises back over $ 80 as Iran sanctions tissue

SINGAPORE (Reuters) – Brent crude oil price rose over $ 80 a barrel Monday when markets were expected to tighten when US sanctions against Iran's commodity imports were implemented next month. PHILPHOTO: Pump contacts operate at sunset in an oil field in Midland, Texas, August 22, 2018. REUTERS / Nick Oxford / File Photo Reference Index Brent Crude Oil Futures …

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Euro, Italian budget, Brexit in focus

The euro and the British pound managed to cling to the dollar on Monday when investors carefully waited for the development around Brexit, as well as Italy's budget plan, which criticized the EU. The dollar was also largely unchanged against its big rivals. Tensions with Saudi Arabia and the West, trade faction and uncertainty about the global growth outlook kept …

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