Originally published on Thu October 3, 2013 11:26 am
High-flying billionaire Elon Musk's Tesla Motors has seen its shares skid the past couple days because they've been downgraded by analysts and because of a YouTube clip showing one of the all-electric luxury cars engulfed in flames earlier this week.
Just before noon ET, a share of Tesla was trading around $169.50 — down about 6.5 percent for the day and $25 (13 percent) below its 52-week high of $194.50.
Originally published on Thu October 3, 2013 11:45 am
With the current bloom of artisanal small-batch producers across the country, you'd think that all you need to start up a new food business is a good idea and a lot of gumption. And for the most part, that's true. But when it comes to artisanal producers working with meat, you also need something else: a Hazards Analysis and Critical Control Points plan. Or, if you will, a HACCP.
Originally published on Thu October 3, 2013 1:23 pm
The Army rejected him because of his bad eyes — he was nearsighted — but Tom Clancy, who went into the family insurance business instead of the military, turned out to have the greatest vision of modern warfare of any writer of our time. His research into military history and technology led him to create a new form of thriller, and a hero for our time, a man named Jack Ryan whose talents as a spy and technowarrior put a name and a face to the people who battled Russians, Pakistanis, Irish nationalists and Islamists along a constantly shifting front line.
Originally published on Thu October 3, 2013 11:32 am
Stock investors and business journalists unite each month for one shared, suspenseful moment — the 8:30 a.m. release of the Labor Department's employment report.
The unveiling of the report — so rich with data on job creation, unemployment, wages and hours — can be counted upon to set off a tsunami of tweets. Economists jump in with instant analysis and politicians fire off press releases with reactions.
Originally published on Thu October 3, 2013 12:07 pm
Newly formed Tropical Storm Karen, which could reach hurricane strength by Friday, is expected to make landfall on the U.S. Gulf Coast sometime over the weekend.
The National Hurricane Center in Miami says the late-season storm formed Thursday morning about 485 miles south of the Mississippi Delta, with maximum sustained winds of 65 mph. It was moving north-northwest at 12 mph, but was expected to speed up.
Forecasters say it will make landfall in the U.S. either Saturday or Sunday.
Originally published on Thu October 3, 2013 1:30 pm
The Treasury Department is issuing a warning of dire economic consequences that could rival the Great Recession if Congress is unable to agree on raising the debt ceiling and the nation defaults on its obligations.