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The electric-car maker's CEO again caught the financial world by surprise with a tweet about his desire to take the company private, revealing a list of advisers before arrangements with all of them were completed.
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CNNMoney
1. Trade escalation: Turkey has announced heavy new retaliatory tariffs on some American products, including cars, alcohol and tobacco. The country has doubled its retaliatory tariffs on American cars to 120% and on alcoholic drinks to 140%, according
Sears CEO Eddie Lampert offers 'critical' deal to buy Kenmore brand for $400 million
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CNBC
American start-up incubator Y Combinator is setting up shop in China, with a new unit to be led by former Baidu chief operating officer Qi Lu. Sam Altman, Y Combinator's president, said in a company announcement Wednesday that China had been "an ...
Y Combinator to Set Up China Arm
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Harley-Davidson CEO Matt Levatich said the motorcycle manufacturer doesn't want to be in the political spotlight, but it "unfortunately" finds itself "in the center of a heated political conversation about fair trade."
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Reuters
(Reuters) - A hedge fund owned by the chief executive of Sears Holdings Corp (SHLD.O), Edward Lampert, has offered to buy the company's Kenmore appliances brand for $400 million in cash, Sears said in a regulatory filing on Tuesday. FILE PHOTO: Sears ...
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 Included in a jaw-dropping lawsuit brought by Tinder's founders against its parent company, IAC, are allegations of sexual misconduct against its former CEO. The lawsuit alleges that the former Tinder CEO and IAC Chairman Greg Blatt "groped and sexually harassed" Rosette Pambakian, Tinder's vice president of marketing, and that IAC conducted an internal investigation, not an independent one pushed for by Sean Rad, a Tinder cofounder.
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 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 rose 0.5% at 25,300 (on a preliminary basis), the S&P 500 index added 0.6% to 2,839, with all 11 sectors of the broad-based index finishing in positive territory. Both the Dow and the S&P 500 had fallen in the past four sessions. The technology-laden Nasdaq Composite Index , meanwhile, finished with a 0.7% higher at 7,871. In corporate news, shares of Tesla Inc. ended 2.3% lower after CEO Elon Musk late Monday said in a tweet that he was working with Goldman Sachs and private-equity firm Silver Lake on the electric-car maker's go-private plan. And shares of Shares of fashion retailer Tapestry Inc. jumped 11% after the parent of Coach and Kate Spade reported fiscal fourth-quarter earnings. The day's action was supported by a rebound in the Turkish lira which had fallen to a historic low against the dollar on Monday on intensifying concerns about the country's economic health.
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