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Musk ends bid to take Tesla private, cites investor concern

Bloomberg Elon Musk scrapped his plan to take Tesla Inc. private, a remarkable reversal more than two weeks after blindsiding employees and investors with the idea in a bombshell tweet. In a blog post, Tesla’s chairman, CEO and largest shareholder said he had met with the board and “let them know that I believe the better path is for Tesla ...

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WTO warns Britain faces difficult shift to EU’s rules post-Brexit

Bloomberg The head of the World Trade Organization (WTO) said the UK risks trade disruption in the event of a no-deal Brexit because it is “very unlikely” to have agreed tariffs and quotas with the other WTO members in time. “The moment that other countries begin to sense an opportunity to increase their market share or increase a quota here ...

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Papa John’s soars after hiring BofA, Lazard

Bloomberg Papa John’s International Inc. jumped after a report the struggling pizza chain has hired Bank of America Corp. and Lazard Ltd. to help find ways to stabilise its operations. The company, which saw sales sink last month after founder John Schnatter resigned as chairman over the use of a racial slur, rose as much as 5.5 percent following the ...

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