China's Tencent Holdings has paid $1.78 billion for a 5% equity stake in US electric carmaker Tesla, the latest deal in which a Chinese tech firm invests in a company developing electric and self-driving vehicles. Tesla's share price rose 2.7% after the transaction was made public in a US regulatory filing.
Foursquare generated buzz as a consumer app letting people check into locations throughout the day, but finding a sustainable business model has taken a bit longer. The company is moving closer to profitability, driven by a revenue model that focuses on monetizing its data and reaching out to enterprise customers.
Several US senators are asking Education Secretary Betsy DeVos to provide guidance to help students complete their Free Application for Federal Student Aid paperwork after an online data-retrieval tool from the IRS was taken down for security reasons. The lawmakers also asked the department to consider allowing applicants to submit signed copies of tax returns to fulfill FAFSA requirements.
Ten Republican senators have called on Treasury Secretary Steven Mnuchin, who heads the Financial Stability Oversight Council, to review the designation of nonbanks as systemically important financial institutions. The process "lacks transparency and accountability" and unnecessarily burdens firms deemed "too big to fail," the senators say.
Schnuck Markets has chosen Penske Logistics to operate a 915,000-square-foot fresh food warehouse in Missouri and reached an agreement with union workers at another warehouse in the state. The moves are part of the retailer's transition to a new structure in the supply chain.
Researchers noted a 36% drop in hypoglycemic readings and a 39% reduction in the daily number of inpatients with two or more blood glucose values of 12.5 mmol/L or greater in the year following implementation of virtual glucose management services, according to a study in the Annals of Internal Medicine. Researchers conducted a 36-month cross-sectional study involving adult inpatients who underwent point-of-care blood glucose testing and used the virtual service, which includes automated reports along with clinician review and notes that are incorporated into the EMRs.
Early in Box's history, the company's website emphasized the practical benefits of its product while CEO Aaron Levie focused on his large-scale vision when presenting at conferences. The anecdote illustrates the value of segmenting your customer base and helping your audience understand where your product is headed, writes venture capitalist Tomasz Tunguz.
Ford Motor is encouraging its suppliers to "green" their efforts using 350 best practices and tools the automaker also uses. Over the next five years, its supply chain may save 550 million gallons of water and reduce carbon emissions by 500,000 metric tons.
Samsung has announced plans to sell refurbished Galaxy Note7 phones. The company also intends to sell many components in the Note7 devices, including camera modules and chips, and recover such metals as copper, silver and nickel.
Tesaro's Zejula, or niraparib, has received FDA approval as a maintenance treatment for adults with recurrent epithelial ovarian, fallopian tube or primary peritoneal cancer whose tumors have shrunk completely or in part because of platinum-based chemotherapy. The approval was based on a clinical study in which Zejula showed higher median progression-free survival of patients with BRCA mutation compared with placebo.
Storm surges in Galveston Bay, Texas, threaten economic and ecological disaster, but it's possible that a coastal-protection effort could also create parkland and offer residential recreation opportunities, Renee Reder writes. "Considering the risk of a disaster in the bay without any action, it is equally important to understand what a proposal for the bay could produce for the community," Reder writes.
President Donald Trump will likely maintain the wind energy Production Tax Credit, especially with Energy Secretary Rick Perry in his Cabinet, said Iowa Gov. Terry Branstad. "I think that President Trump recognizes how important renewable energy was to his victory here in Iowa and the heartland," he said.
Hawaiian Airlines' 670 pilots have ratified a new five-year labor deal with the airline. The new contract includes pay increases of up to 45%.
BodyHoliday, on the island of St. Lucia, is a wellness resort that offers fitness classes led by world-renowned athletes, healthful foods and spa treatments. Spa lovers looking to indulge can enjoy sumptuous meals, wines and an array of fun activities.