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U.S: Elliott proposes $18.5 billion Oncor deal to top Buffett

FILE PHOTO - Paul Singer, founder and president of Elliott Management Corporation, speaks at WSJD Live conference in Laguna Beach, California, U.S., October 25, 2016.     REUTERS/Mike Blake

Elliott Management Corp, the largest creditor of the bankrupt parent of Oncor Electric Delivery Co, unveiled a plan on Monday to best Berkshire Hathaway Inc’s (BRKa.N) deal for the Texas utility with a bid worth $18.5 billion, including debt. Elliott revealed in documents published on its website it was unhappy with the recovery to some creditors under an $18.1 billion ...

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Elon Musk tweets photos of first Tesla Model 3 to roll off the line

First production model of Tesla Model 3 out the assembly line in Fremont, California , U.S. is seen in this undated handout photo from Tesla Motors obtained by Reuters July 10, 2017.   Tesla Motors/Handout via REUTERS

Tesla Inc (TSLA.O) Chief Executive Elon Musk on Sunday tweeted pictures of the first Model 3 sedan to roll off the assembly line. Tesla board member Ira Ehrenpreis was the first to put down a $1,000 deposit on the Model 3 and gifted the car to Musk for his 46th birthday, Musk said in a tweet. (bit.ly/2v3RyDX) Musk has high ...

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U.S: Snap shares fall below $17 IPO price for first time

The front of the New York Stock Exchange (NYSE) with a Snap Inc. logo hung on the front of it stands shortly before the company's IPO in New York, U.S., March 2, 2017.  REUTERS/Lucas Jackson

Snap Inc (SNAP.N) shares slipped below their initial public offering price of $17 for the first time on Monday, signaling waning investor confidence in the social media company’s growth potential as it faces fierce competition. The stock fell as low as $16.95 in late afternoon trading before closing at $16.99 on the New York Stock Exchange, down 1.1 percent. The ...

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U.S. job growth accelerates in June, wages continue to lag

FILE PHOTO: Leaflets lie on a table at a booth at a military veterans' job fair in Carson, California October 3, 2014. REUTERS/Lucy Nicholson/File Photo

U.S. job growth surged more than expected in June and employers increased hours for workers, signs of labor market strength that could keep the Federal Reserve on course for a third interest rate hike this year despite sluggish wage gains. Non-farm payrolls jumped by 222,000 jobs last month, driven by hefty gains in healthcare, government, restaurants and professional and business ...

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U.S: Buffett bets big on power infrastructure with $9 billion Oncor deal

Berkshire Hathaway CEO Warren Buffett waits to play table tennis during the Berkshire Hathaway annual meeting weekend in Omaha, Nebraska, U.S. May 7, 2017. REUTERS/Rick Wilking

Warren Buffett’s Berkshire Hathaway Inc (BRKa.N) said on Friday it would pay $9 billion to pick up the parent of Texas power transmission company Oncor Electric Delivery Co from bankruptcy, stepping up its pursuit of steady returns in utilities. If the all-cash deal is approved by a bankruptcy judge and Texas regulators, it will hand Berkshire ownership of one of ...

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Uber director David Bonderman resigns from board following comment about women

FILE PHOTO - David Bonderman, Founding Partner, TPG, takes part in Private Equity: Rebalancing Risk session during the 2014 Milken Institute Global Conference in Beverly Hills, California April 29, 2014.  REUTERS/Kevork Djansezian/File Photo

Uber Technologies Inc director David Bonderman said on Tuesday that he has resigned from the company’s board following a remark he made during an Uber staff meeting that was widely seen as offensive to women. Bonderman’s ill-timed remark came during an all-staff meeting Tuesday to discuss of how the ride-services company plans to transform itself following a probe into sexual ...

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U.S. employment growth seen rebounding, wages increasing

A job seeker fills out an application at the King Soopers grocery store table at a job fair at the Denver Workforce Center in Denver, Colorado, U.S. February 15, 2017.  REUTERS/Rick Wilking

U.S. job growth likely rebounded in April and wages increased, pointing to a further tightening in labor market conditions that could pave the way for the Federal Reserve to raise interest rates next month. Nonfarm payrolls probably increased by 185,000 jobs last month, according to a Reuters poll of economists, after a paltry gain of 98,000 in March. The March ...

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Oil eases, near weakest since late March on small U.S. stocks decline

FILE PHOTO: Pump jacks are silhouetted against the rising sun on an oilfield in Baku, Azerbaijan, January 24, 2013.    REUTERS/David Mdzinarishvili/File Photo

Crude oil lost ground on Thursday, falling for a third out of four sessions and trading near its lowest since late March after data showed a lower than expected decline in U.S. inventories. U.S. crude stockpiles fell less than expected last week, while gasoline inventories grew as demand remained weak, the Energy Information Administration said on Wednesday, keeping concerns about ...

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