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Tesla to shrink board to seven directors from 11

(Reuters) – Tesla Inc said on Friday that four members of its eleven-member board would be leaving over the next two years, as the electric car company looks to streamline its board. FILE PHOTO: A Tesla logo is seen in Los Angeles, California U.S. January 12, 2018. REUTERS/Lucy Nicholson/File Photo Brad Buss,…

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Exclusive: Tereos still searching for wider funding – sources

(Corrects headline and paragraph 1 to make clear that syndication process is ongoing, to make clear in paragraph 5 that no offers finalized by April 15, to clarify sourcing throughout) FILE PHOTO: The Tereos logo is displayed at a sugar beet processing plant in Origny-Sainte-Benoite, France, March 20, 2019. REUTERS/Benoit Tessier/File Photo…

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Venezuela congress to weigh 2020 PDVSA bond payment next week

CARACAS (Reuters) – Venezuela’s opposition-controlled National Assembly expects to vote on making a $71 million bond interest payment when it meets next week, a lawmaker and a member of state-run oil company PDVSA’s ad-hoc board of directors said. FILE PHOTO: Cutouts depicting images of oil operations are seen outside a building of…

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PepsiCo results beat as new CEO’s ad push lifts sales

(Reuters) – PepsiCo Inc’s quarterly sales and profit beat Wall Street estimates on Wednesday, as the beverage maker’s advertising and marketing push helped drive sales of its snacks, sparkling waters and low-sugar sodas globally. FILE PHOTO: Cases of Pepsi are shown for sale at a store in Carlsbad, California, U.S., April 22,…

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U.S. homebuilding near two-year low; permits extend decline

WASHINGTON (Reuters) – U.S. homebuilding dropped to a near two-year low in March, pulled down by persistent weakness in the single-family unit segment, suggesting the housing market continued to struggle despite falling mortgage rates. FILE PHOTO: A construction worker builds a single family home in San Diego, California, U.S. February 15, 2017.…

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Will the Benettons use Alitalia to fly in from the cold?

MILAN/ROME (Reuters) – Italian transport group Atlantia could join a rescue of loss-making flag carrier Alitalia to try to win favor with the government and secure the future of its own domestic business following a deadly bridge collapse last year, sources said. FILE PHOTO: An Alitalia Airbus A320-200 airplane comes in to…

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U.S. wins WTO ruling against China grain import quotas

GENEVA (Reuters) – The United States won a World Trade Organization (WTO) ruling on Thursday against China’s use of tariff-rate quotas for rice, wheat and corn, which it successfully argued limited market access for U.S. grain exports. FILE PHOTO: A World Trade Organization (WTO) logo is pictured on their headquarters in Geneva,…

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