According to The Wall Street Journal, Apple Inc. (NASDAQ: AAPL) and Dell may bid for the Toshiba chips business. Private equity firm Bain is currently the only bidder.
On the heels of sharp criticism by several corporate financial leaders, including JPMorgan Chase & Co. (NYSE: JPM) CEO Jamie Dimon, the value of Bitcoin has started to fall sharply.
Boeing Co. (NYSE: BA) will increase production of its flagship Dreamliner as demand for large jets with long ranges increases. It is also a sign Boeing is taking market share from rival Airbus.
Saudi Arabia may delay its huge Aramco IPO until 2019. According to Bloomberg:
Saudi Arabia is preparing contingency plans for a possible delay to the initial public offering of its state-owned oil company by a few months into 2019, according to people familiar with the matter.
While the government is still aiming for a Saudi Aramco IPO in the second half of next year, that timetable is increasingly tight for what’s likely to be the biggest share sale in history, the people said, asking not to be named discussing internal deliberations.
North Korea faces massive food shortages, according to CNBC:
North Koreans are likely to face serious food shortages despite recent relief from an intense dry spell, officials from the UN Food and Agricultural Organization told CNBC.
Rainfall this year was “considerably lower” than a corresponding period in 2001, when cereal production in the communist dictatorship plunged to record lows, the UN said in a July report. An estimated 20 percent of herd animals have also reportedly been severely affected this year in the worst-hit regions.
Elon Musk bragged about Tesla Inc.’s (NASDAQ: TSLA) commercial truck release on Twitter:
Tesla Semi truck unveil & test ride tentatively scheduled for Oct 26th in Hawthorne. Worth seeing this beast in person. It’s unreal.
A number of analysts have said the truck could revolutionize the long-haul freight business.
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