Tribune stalls while Tesla puts pedal to metal
from Viewsroom Hosted by Reuters
The newspaper chain's rejection of Gannett's hefty $815 million offer is a head-scratcher, hardly the sort of move that suggests the industry knows how to pull itself out of a prolonged slump. Can clever experiments like the New York Times' plan to deliver meals with the morning paper pump up profit? Meanwhile, Elon Musk's electric car company is accelerating production, claiming demand is outstripping supply. Maybe that's true, but technological glitches and a lack of capital could hold the company back. And bank customers may finally get their bite back. America's consumer watchdog – the Consumer Financial Protection Bureau – is reviving class-action lawsuits after decades of corporate efforts to squelch people's right to go to court.
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