Tesla is suing the employee Elon Musk claimed committed sabotage against the company (TSLA)

Tesla has filed a lawsuit against the employee CEO Elon Musk said committed sabotage against the company, Bloomberg first reported. The lawsuit was filed in Nevada on Tuesday. On Monday, Musk said an employee had changed parts of Tesla’s manufacturing operating system code and sent “highly sensitive” company data to outside parties, according to an internal email acquired by CNBC. Tesla has filed a lawsuit against the employee CEO Elon Musk said committed sabotage against the company, Bloomberg first reported. The lawsuit was filed in Nevada on Tuesday and alleges the former employee, Martin Tripp, “unlawfully hacked the company’s confidential and trade secret information and transferred that information to third… Read More

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Goldman Sachs Is Investing $500 Million In Female-Led Startups — Will It Work?

Goldman Sachs will invest $500 million into companies led, founded or owned by women. The program will also help clients invest directly in private, late-stage companies or provide seed capital for women starting their own funds. If this sounds familiar, it’s because it is. The investment bank made a similar announcement when it launched its 10,000 Women Initiative. Goldman Sachs began the program in 2008 with an initial $100 million commitment to provide business and management education for women-owned small businesses in developing countries. “The global economy is propelled by innovation, creativity and the sharing of diverse perspectives,” said Stephanie Cohen, Goldman’s chief strategy officer, in a statement. “Effectively shutting… Read More

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Starbucks sales are ‘clearly decelerating’ (SBUX)

Starbucks cut its sales-growth forecast on Wednesday to 1% from 3%. Shares plunged 8% on the news. Morgan Stanley downgraded the stock, slashing its price target to $59 from $72. Follow Starbucks’ stock price in real-time here. Starbucks on Tuesday lowered its third-quarter same-store-sales growth forecast to 1% from its precious estimate of 3%-5%, sending shares plunging 8%. The coffee giant also said it would close roughly 150 underperforming US stores. While many sell-side research departments remain optimistic, Morgan Stanley took the opportunity to downgrade Starbucks, citing a “clearly decelerating top-line.” “Starbucks’ 3Q pre-announcement on disappointing sales in both the US and now China are compelling enough to lower our… Read More

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