SEC, Tesla CEO Elon Musk seek one-week delay to resolve contempt motion

div > div.group > p:first-child »> Tesla CEO Elon Musk and the Securities and Exchange Commission have asked for a one-week delay to resolve their contempt of court dispute, the parties announced today in a joint submission a federal judge. « While we have not reached an agreement, counsel for the SEC, Mr. Musk, and counsel for Tesla met and conferred for over an hour by telephone earlier this week and are continuing to discuss potential resolution. Because our discussions are ongoing, we respectfiilly request to provide the Court with…

Venezuela skirts U.S. sanctions by funneling oil sales via Russia

President Nicolas Maduro is funneling cash flow from Venezuelan oil sales through Russian state energy giant Rosneft as he seeks to evade U.S. sanctions designed to oust him from power, according to sources and documents reviewed by Reuters. The sales are the latest sign of the growing dependence of Venezuela’s cash-strapped government on Russia as the United States tightens a financial noose around Maduro, who it describes as a dictator. With its economy reeling from years of recession and a sharp decline in oil production, Venezuela was already struggling to…

Hudson News chief James Cohen will reportedly buy National Enquirer

American Media is selling its tabloid the National Enquirer for $100 million to James Cohen, chief executive of Hudson News, the Washington Post reported on Thursday, citing people familiar with the agreement. The National Enquirer had admitted to paying hush money to help U.S. President Donald Trump get elected and been accused of attempting to blackmail Amazon founder Jeff Bezos. The weekly tabloid along with two sister publications will be purchased by the head of Hudson News known for its airport newsstands, the report said. This comes a week after…

Wall Street gains on positive earnings, upbeat data

NEW YORK (Reuters) – Industrials led Wall Street higher on Thursday in the wake of upbeat economic data and a string of healthy corporate earnings. A trader works on the floor at the New York Stock Exchange (NYSE) in New York, U.S., April 18, 2019. REUTERS/Brendan McDermidAll three major U.S. stock indexes nosed into positive territory in light trading heading into the three-day weekend. For the holiday-shortened week, the S&P was on track to snap its three-week winning streak, while the Dow and the Nasdaq were poised to end the…

Stocks mixed as strong U.S. retail sales offsets weak European manufacturing data

NEW YORK (Reuters) – A gauge of global stocks fell on Thursday after underwhelming manufacturing surveys from Asia and Europe, though they pared losses as Wall Street edged higher on strong U.S. retail sales data and earnings from industrial companies. FILE PHOTO: The London Stock Exchange Group offices are seen in the City of London, Britain, December 29, 2017. REUTERS/Toby MelvilleThe U.S. benchmark S&P 500 index inched forward as healthcare shares, which have been under pressure from Democratic proposals to extend Medicare coverage to more Americans, trimmed their declines. Strong…

Facebook says its employees had access to millions of Instagram passwords

Facebook on Thursday said millions of Instagram user passwords were exposed to employees in a searchable format in an internal database. div > div.group > p:first-child »> The announcement came in an update to a blog post that was published last month after the company disclosed millions of Facebook user passwords were exposed to employees. The blog post originally said thousands of Instagram passwords were exposed. Cybersecurity journalist Brian Krebs reported in March that up to 600 million Facebook passwords were exposed. Facebook said in the blog post it would…

Zombies to star at Cannes Film Festival, but no Netflix or Tarantino

PARIS (Reuters) – Bill Murray fighting off zombies and an Elton John biopic tracking the singer’s early days will be among the highlights at this year’s Cannes Film Festival, though Quentin Tarantino’s hotly-anticipated latest outing looked set to miss out. Cannes Film festival general delegate Thierry Fremaux and Cannes Film festival president Pierre Lescure attend a news conference to announce the official selection for the 72nd Cannes International Film Festival in Paris, France, April 18, 2019. REUTERS/Gonzalo FuentesUnveiling the line-up for the 72nd edition of the cinema showcase, festival director…

These six stocks have ‘upside’ potential due to recent developments, Wall Street analysts say

div > div.group > p:first-child »> A few well-known stocks — and some not quite so well known — are just a few of the names analysts say have « upside » potential. They see companies like Snap, Estee Lauder, and Pinnacle West as just a few worth looking at as earnings season rolls on. CNBC did a deep dive through company research to find analysts from different industries singling out stocks in their coverage universes. Popular tech and social media platform Snap caught analyst’s eyes this week. « We…

Sophie Gradon: Love Island star took own life

A former beauty queen and Love Island star took cocaine and alcohol and then killed herself, an inquest has found. Star of the ITV2 dating show Sophie Gradon hanged herself at her family home in Medburn, Ponteland on 20 June. The 32-year-old was found by her boyfriend Aaron Armstrong, 25, who took his own life 20 days later. Northumberland South coroner Eric Armstrong said he was « certain she would not have acted as she did without taking alcohol and cocaine ». Mr Armstrong told North Shields Coroner’s Court research…

Apex Legends’ viewership hours plunged 75%. Here’s what that says about the gaming and streaming space

Lately when gamers go on Twitch, they see Electronic Arts’ battle royale game Apex Legends ranking as the third- or fourth-most-watched category — if that — of all categories streaming on the platform, a far cry from when the game launched in February and dominated viewership. div > div.group > p:first-child »> That’s reflected in a quarterly report released Thursday by StreamElements, a platform that helps Twitch and YouTube streamers manage and improve their livestreams. The report showed that the game hit peak viewership levels when viewers watched over 40…

Notre-Dame fire: Temporary wooden cathedral proposed

A temporary wooden cathedral should be built in the shadow of Notre-Dame’s famed towers while the building is being repaired, officials have said. The structure would serve as a home for worshippers and tourists alike, the rector of the Paris landmark, Monsignor Patrick Chauvet, suggested. The 850-year-old Gothic cathedral has been closed after a fire tore through its roof and destroyed its spire. French President Emmanuel Macron has vowed it will reopen in five years. But temporary arrangements will need to be made in the meantime, Monsignor Chauvet told France’s…

A Bulgarian vulture’s odyssey into Yemeni war zone

Nelson was in a tight corner, tied up and imprisoned by men who believed he was a spy. It didn’t look good. When he was captured, they found a satellite tracker attached to his leg, more sophisticated than much of the equipment they had in Taiz, a town on the front line of Yemen’s catastrophic war. Nelson, they decided, was transmitting military secrets. In any war it is bad news to be accused of spying. In Yemen, an isolated, dusty and desperate place, suspicions can race round groups of armed…

Zoom is worth billions more than Pinterest as both go public — even though it’s half the size

When it comes to emerging tech companies, investors are clearly rewarding growth and profitability above all else. div > div.group > p:first-child »> Videoconferencing company Zoom and social media site Pinterest both debuted on the public markets today and immediately rallied from their IPO prices. But Zoom went up significantly more, giving it an early valuation of $16.7 billion, topping Pinterest’s market capitalization of nearly $13 billion. That’s a surprising development considering that Zoom is less than half the size of Pinterest, based on the latest full year of sales.…

Mueller report: Trump ‘tried to get special counsel fired’

President Trump tried to get the man appointed to investigate his links to Russia fired, a long-awaited report has revealed. Details are starting to emerge about the 448-page redacted document, collated by Special Counsel Robert Mueller, which has just been published. Mr Trump’s legal team earlier described the report as a « total victory ». It comes as the country’s top lawyer, William Barr, faces heavy criticism of his handling of the report’s release. Live updates: Reaction to Mueller report The attorney general, who was appointed by Mr Trump, held…

Time-lapse shots of Notre-Dame spire may yield clues on blaze

PARIS (Reuters) – A time lapse camera installed just hours before Monday’s devastating blaze at Notre-Dame de Paris may contain vital clues as to what caused the inferno, a French scaffolding company working at the cathedral said on Thursday. A view shows Notre-Dame Cathedral reflected on the River Seine after a massive fire devastated large parts of the gothic structure in Paris, France, April 18, 2019. REUTERS/Philippe WojazerEurope Echafaudage was one of five companies contracted to restore Notre-Dame’s 90-metre (295-foot) spire, which collapsed in the blaze, crashing through the cathedral’s…

In aftermath of Notre-Dame blaze, Macron says Pope will visit France

FILE PHOTO: Pope Francis addresses reporters aboard the plane bringing him back following a two-day trip to Morocco March 31, 2019. Alberto Pizzoli/Pool via REUTERS/File PhotoPARIS (Reuters) – French President Emmanuel Macron said on Thursday that Pope Francis would at an undetermined time visit France, a country plunged into sorrow this week by a catastrophic fire at the Notre-Dame de Paris cathedral. “I spoke to the Pope yesterday by telephone. I obviously invited him to come over, and he will come at a time of his suiting,” Macron said. Earlier…

Mueller report details how Russians reached millions of American Facebook and Twitter users

Russia’s Internet Research Agency (IRA) reached millions of social media users on Twitter, Facebook and Instagram. Russian operatives communicated with the Trump campaign under false identities, « without revealing their Russian association, » and interacted with prominent pro-Trump activists in order to arrange activities that ranged from the staging of political rallies, to « confederate » events and even an organization under the hashtag #KidsforTrump, according to the report. div > div.group > p:first-child »> « IRA-controlled Twitter accounts separately had tens of thousands of followers, including multiple U.S. policial…

Pinterest begins its first day of trading at $23.75, up 25%

Pinterest began its first day of trading Thursday at $23.75, up 25%. div > div.group > p:first-child »> The bump pushed Pinterest’s valuation above $12 billion after it was initially priced at $19 per share, which had valued it at $10 billion. The company, which debuted on the New York Stock Exchange under the ticker « PINS, » originally said in a regulatory filing it would sell 75 million shares at a price range between $15 and $17 per share, which would have valued it as high as $9 billion.…

Chinese electric sports car Qiantu K50 by Mullen coming to US roads next year

An estimated 40 battery-electric vehicles are on display at this week’s New York International Auto Show, and contrary to their popular image as slow and stodgy, many of them put an emphasis on performance, including the new Qiantu K50 by Mullen. div > div.group > p:first-child »> With its twin electric motors drawing power from a lithium-ion battery pack, the K50 can punch out 430 horsepower and 560 pound-feet of torque, enough to launch it from 0 to 60 in just 4.3 seconds, with an electronically limited top speed of…

ConocoPhillips exits UK oil and gas production in huge $2.7 billion North Sea sale

div > div.group > p:first-child »> ConocoPhillips on Thursday announced it has struck an agreement to sell its UK oil and gas operations for nearly $2.7 billion, setting up its exit from the North Sea. The Houston-based driller will sell its ConocoPhillips United Kingdom subsidiaries for $2.675 billion to Chrysaor E&P, a company focused on producing oil and natural gas from the North Sea. The transaction is expected to close in the second half of 2019. The deal is the largest transaction in the exploration and production space outside the…

Trump Russia investigation: Attorney General Barr backs Trump

US Attorney General William Barr has reiterated that investigators found « no collusion » between President Trump’s election campaign and Russia. Mr Barr held a news conference on Thursday morning ahead of the long-awaited release of the special counsel report into Russian collusion. Mr Barr is facing heavy criticism from senior Democrats over his impartiality and handling of its publication. The redacted 400-page report will be made public later on Thursday. The Attorney-General also revealed for the first time that Mr Mueller’s report examined 10 episodes pertaining to Trump and…

Zombies and gangsters to star at Cannes Film Festival but no Tarantino

PARIS (Reuters) – Bill Murray fighting off zombies and an Elton John biopic tracking the singer’s early days will be among the highlights at this year’s Cannes Film Festival, though Quentin Tarantino’s hotly-anticipated latest outing is set to miss out. Cannes Film festival general delegate Thierry Fremaux and Cannes Film festival president Pierre Lescure attend a news conference to announce the official selection for the 72nd Cannes International Film Festival in Paris, France, April 18, 2019. REUTERS/Gonzalo FuentesUnveiling the line-up for the 72nd edition of the world’s most important cinema…

Google reveals its Android browser ballot screens for Europe

Google is planning to roll out new browser and search ballot screens for Android in Europe in the coming weeks. The new screens will be displayed the first time an Android user opens Google Play after an upcoming update, and they will show rival Android browsers and search engines. Google will present four other browsers and search engines in a random order, and Android users will be able to install and enable as many of them as they like. A separate screen will also be shown to help configure app…

Google and Amazon have ended their war over the YouTube app

Google will relaunch the YouTube app and will release a new YouTube TV app on Amazon Fire TV devices in the coming months, according to a press release from Amazon on Thursday. div > div.group > p:first-child »> Amazon Prime video will also soon support the Google Chromecast, ending a streaming spat between the two firms that started in 2017. Google pulled its YouTube app from Amazon’s Fire TV and Echo Show in Dec. 2017 as competition between the two companies began to heat up in the streaming space. At…

Here are the top risk events facing global oil markets

div > div.group > p:first-child »> As global supply stocks lessen, oil industry experts are agreed that the crude market is becoming ever more sensitive to a sudden or unexpected disruption. However there appears to be little agreement on what the current biggest risk actually is. Oil prices have soared since the start of the year, supported by ongoing OPEC-led supply cuts, escalating fighting in Libya and U.S. sanctions on Iran and Venezuela. International benchmark Brent crude and U.S. West Texas Intermediate crude have risen by approximately 30% and 40%…

Audi debuts $200,000 R8 supercar that tops 200 mph

The magic number for Audi at this year’s New York International Auto Show is 200 — as in 200 mph and $200,000. div > div.group > p:first-child »> Among the numerous new models the German automaker is launching in the Big Apple this week, the spotlight focuses on Audi’s R8 supercar which is using the annual show to mark its 10th anniversary. For the first time, all versions of the R8 will be able to blow past the 200 mph mark, while the limited-edition R8 Decennium will become the first…

YouTube is finally coming back to Amazon’s Fire TV devices

YouTube is returning to Amazon’s lineup of Fire TV products, and the Amazon Prime Video app will be adding Chromecast support. Those two developments, jointly announced by both companies this morning, mark the end of a long-running standoff between Google and Amazon, a feud that has kept a native YouTube app off of the Fire TV platform for well over a year. Customers were really the ones who were disadvantaged as soon as these two tech giants entered into this spat, so to see that it’s over is very good…

Google Chrome is getting a reader mode on desktop

The desktop version of Google Chrome’s browser is getting a reader mode, which can be used to strip out a page’s unnecessary background clutter to make an article easier to read. ZDNet notes that the feature launched today in Chrome’s experimental Canary release, and it should make its way to more stable versions of the browser in the future. Reader modes have become a standard browser feature. Microsoft’s Edge browser has had one since at least 2015, and Firefox and Safari both added them in 2017. Firefox’s implementation is the…

Snap falls after Wedbush analyst downgrades stock, says shares are getting too expensive

Shares of Snap fell more than 3% in the premarket Thursday after an analyst at Wedbush Securities downgraded the social media company amid valuation concerns. div > div.group > p:first-child »> Analyst Michael Pachter cut his Snap rating to neutral from outperform. « With shares currently trading around 8x the consensus 2020 revenue estimate, current valuation appears to leave little room for multiple expansion, as greater investor confidence in current management and the potential for earlier-than-expected profitability appear to be largely priced in, » he said. Snap shares have been…

Europe invested $30 billion in new wind farms last year, report shows

The wind industry invested 26.7 billion euros ($30.05 billion) in new European wind farms in 2018, according to a new report from industry body WindEurope. div > div.group > p:first-child »> The investment is similar to recent years but, because of cost reductions, it will finance a record 16.7 gigawatts (GW) in new capacity, WindEurope said. It added that 1 megawatt (MW) of new onshore wind capacity now needed 1.4 million euros in capital expenditure, down from 2 million euros in 2015. In the offshore sector, 1 MW of capacity…