Tesla to buy SolarCity in 2.6 billion all stock deal
Tesla plans to merge its car and energy storage units with SolarCity to form a single cleaner energy platform. The all stock deal worth 2.6 billion requires government and shareholder approval and is expected to close in Q4. Elon Musk leads both firms and says the move aims to create a one stop solar powered energy system.
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McDonald’s to remove some artificial ingredients
McDonald’s plans to cut certain preservatives and high fructose corn syrup from buns as part of its food journey to reinvent its image. The company aims to win back customers after three years of declining U S guest counts while rivals also shift to more wholesome options.
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Unhealthiest restaurant meals named by CSPI list
The Center for Science in the Public Interest unveils its annual list of the nine most calorie rich restaurant items from major chains. Highlights include Uno Pizzeria & Grill Whole Hog Burger at 2850 calories and Applebee’s Build Your Sampler up to 3390 calories with multiple starter and entree components.
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Stocks Slip as Oil Prices Slide and Dollar Rises
U S stocks finished mostly lower with energy shares leading losses as WTI crude hovered near $40 a barrel. The Nasdaq rose while the Dow and S P 500 slipped. ISM manufacturing showed growth but cooled with a stronger dollar weighing on oil and factory activity.
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