Business

Tesla and SolarCity face selloff after lower than expected quarterly numbers

Elon Musk

Tesla, the electric car maker, and solar panel installer SolarCity have put up a bad performance in the stock market during the past six months. During the recent earnings call of Tesla Motors, Elon Musk announced that the company is aiming to increase its capacity over the next five years to meet the higher consumer demand for its electric vehicles.

Both the companies to which Elon Musk is connected to, are lagging in the recent financials. These companies for years were very popular among investors, but now are raising several questions in their minds.

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Nestle forecasts 2015 Sales growth Near Low End of its Long Term Target

Nestle forecasts 2015 Sales growth Near Low End of its Long Term Target

Due to stagnant revenue in China, Nestle SA has witnessed the slowest annual sales growth in five years. Due to lower sales and pressure on margins, the world's biggest food products company has predicted 2015 sales growth near the low end of its long-term target.

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Ohio, Maryland and Pennsylvania Earn Lower Than Expected Revenue

Ohio, Maryland and Pennsylvania Earn Lower Than Expected Revenue

If anyone is betting on the Northeast's casino bonanza, it is not the good time as odds are hitting the financial expectations. According to a review of state tax data, revenue in Ohio, Maryland and Pennsylvania is coming below baseline forecasts.

Officials said that miscalculations of spending habits and competition are responsible for the poor performance.

The casino industry has grown tremendously in these states during the past few decades. These revenue-hungry states have moved to claim business that once went across state lines to Atlantic City.

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Governor Dannel P. Malloy proposes plan to cut Connecticut sales tax

Governor Dannel P. Malloy proposes plan to cut Connecticut sales tax

On Monday, Connecticut Governor Dannel P. Malloy officially revealed his proposal to lower states sales tax to 5.95% from its current 6.35% rate for most items.

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Coca-Cola Turns Its Focus to Coconut Water, Energy Drinks and Low Sugar Soft Drinks

Coca-Cola Turns Its Focus to Coconut Water, Energy Drinks and Low Sugar Soft Dri

The world's biggest beverage company has started concentrating on coconut water, energy drinks and low sugar soft drinks because Australians pay attention to health warnings about sugar-packed soft drinks.

Lowest profit has been reported by Coca-Cola in eight years, with a 25% fall in net profit to $375.5 million in 2014. Soft drinks sale took a hit in supermarkets and convenience stores in 2014. The new product launches have been planned to target health conscious customers. In the grocery channels, bottled water was good performer for the company during 2014.

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US State Department to Hear Views on Keystone XL Pipeline by February 2

US State Department to Hear Views on Keystone XL Pipeline by February 2

The US State Department said it wants to listen to other federal agencies' views on the Keystone XL pipeline by February 2.

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Retailers Fret as Labor Dispute Slows Down Working at Ports

Retailers Fret as Labor Dispute Slows Down Working at Ports

The port dispute on the West Coast has created frustration for the producers and exporters across the nation. There is no strike but still, the workers of the main ports are in a labor dispute and have slowed down the process of imports and exports.

The Pacific Maritime Association and the International Longshore and Warehouse Union are working and trading offers, but almost every port up and down the coast has felt the impact of the backup.

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Pinterest to Ban Affiliate Links and Redirects

Pinterest to Ban Affiliate Links and Redirects

Social networking site Pinterest is removing the affiliate links and redirects. The company has refused that it is taking the step for monetization purposes.

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Anthem Offers Free Identity Theft Protection to Its Present and Former Customers

Anthem Offers Free Identity Theft Protection to Its Present and Former Customers

It has been reported that healthcare plans provider Anthem is offering several different levels of free identity theft protection to its present and former customers.

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Bill Ackman interviews Ray Dalio

Bill Ackman interviews Ray Dalio

Billionaire Ray Dalio, the founder of $160 billion hedge fund behemoth Bridgewater Associates, talked with Pershing Square's Bill Ackman at the Harbor Investment Conference. The discussion started with a macro focus. Ackman asked Dalio how he manages $160 billion in the environment of low interest rates, etc.

He said that he thinks it's because he could be long and short anything in the world and he’s long and short practically everything. Dalio said that he makes use of a lot of ‘artificial intelligence’ while approaching his portfolio.

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