Saturday, April 20US and Worldwide HEADLINE NEWS!

Business

Cannabis Industry Smoking Out The Year’s Top Pot Trends For 420 – HuffPost

Cannabis Industry Smoking Out The Year’s Top Pot Trends For 420 – HuffPost

Business
. April 20 ― aka “420” ― is considered pot’s biggest day, and it should only get more popular now that 33 states have legalized marijuana for medical or recreational purposes. The buzz over 420 isn’t just media hype, according to cannabis industry insiders like Robert Arabian, founder of Pop-Up Potcorn, a line of cannabis-infused microwave popcorn. “These days, 4/20 has turned into the biggest Holiday in the cannabis industry and serves as a day of celebration for the advancements the industry has made in the legal space,” Arabian told HuffPost. Here’s how the marijuana industry is changing: CBD Everything CBD — or cannabidiol, the nonpsychoactive ingredient in the marijuana plant — is popping up in all sorts of ...
Tesla announces shakeup to its board of directors – CNN

Tesla announces shakeup to its board of directors – CNN

Business
. The electric-car maker said that it wants to "streamline" corporate oversight because its board has grown by four members over the past five years. That has led to "the duplication of certain areas of experience or expertise" among its directors, the company said in a filing. Now Tesla is shaking things up to allow the board to "operate more nimbly and efficiently."Two directors have agreed not to stand for reelection at Tesla's annual meeting this year, and two more will leave in 2020 or 2021. "Such agreements did not result from any disagreement between Tesla and any of such directors," the company said.Cautious Tesla investors have also been pleading for with the company to tighten oversight of CEO Elon Musk. The disclosure comes just four months after Tesla added two new board memb...
Tesla’s board is about to get a lot smaller – TechCrunch

Tesla’s board is about to get a lot smaller – TechCrunch

Business
. Tesla is cutting its board down by more than one-third, to seven directors, by 2020, a move that includes the loss of some of CEO Elon Musk’s early advisers and allies, according to regulator filings posted Friday. The filing comes days before a busy week for Tesla that will include an April 22 event meant to highlight its progress with autonomous vehicle technology, its April 24 quarterly earnings call and a hearing with a judge to determine whether Musk and the SEC were able to reach a resolution contempt of court request over his Twitter use. Longtime board member Brad Buss and Linda Johnson Rice, who joined two years ago as an independent director, will not seek re-election this year. Their terms will expire at the upcoming annual meeting. The board said in the proxy filing...
Uber Recruits Some Rich Friends to Drive Its Autonomous Cars – WIRED

Uber Recruits Some Rich Friends to Drive Its Autonomous Cars – WIRED

Business
. [unable to retrieve full-text content]Uber Recruits Some Rich Friends to Drive Its Autonomous Cars  WIREDToyota leads $1B investment in Uber’s self-driving tech  Ars TechnicaUber raises $1 billion for its self-driving unit  AxiosUber’s self-driving unit gets $1 billion investment from SoftBank and Japan’s auto industry  The VergeUber wins $1bn investment from Toyota, SoftBank fund  DAWN.comView full coverage on Google News . Source link
Tesla announces that 4 board members are going to leave – Electrek

Tesla announces that 4 board members are going to leave – Electrek

Business
. On Friday evening, Tesla announced that 4 board members are going to leave at the end of their terms this year and in 2020. With the release of Tesla’s preliminary proxy statement for its upcoming shareholders meeting, the automaker made the announcement that board members Brad Buss, Antonio Gracias, Stephen Jurvetson, and Linda Johnson Rice will all not stand for re-election at the end of their current terms. Tesla says that the goal is to implement “a phased streamlining of the size of the Board to allow it to operate more nimbly and efficiently, while maintaining new ideas, expertise and experiences on the Board.” They describe the “phased streamlining” in a filing: “As a result, on April 18, 2019, each of Brad Buss, Antonio Gracias, Stephe...
Toyota leads $1B investment in Uber’s self-driving tech – Ars Technica

Toyota leads $1B investment in Uber’s self-driving tech – Ars Technica

Business
. Enlarge / Uber has been using Volvo XC90 hybrid SUVs as R&D platforms. Soon, we can expect these to be joined by Toyota Siennas.Uber On Thursday, news broke that Toyota, Denso, and the SoftBank Vision Fund are investing heavily in Uber's autonomous driving operation. Together, the three companies will put $1 billion into Uber's Advanced Technologies Group: $667 million from Toyota and Denso, with an additional $333 million coming from SoftBank. "Leveraging the strengths of Uber ATG’s autonomous vehicle technology and service network and the Toyota Group’s vehicle control system technology, mass-production capability, and advanced safety support systems, such as Toyota Guardian™, will enable us to commercialize safer, lower cost automated rides...
Sears Sues Former CEO Eddie Lampert for Theft – Total Retail

Sears Sues Former CEO Eddie Lampert for Theft – Total Retail

Business
. Sears on Thursday filed a lawsuit against its former CEO Eddie Lampert and a number of its high-profile past board members, including Treasury Secretary Steven Mnuchin, for allegedly stealing billions of dollars from the retailer. Sears Holdings filed for bankruptcy this past October, after years of losses under Lampert, who was then its chairman, CEO and largest shareholder. Lampert saved the retailer from complete liquidation by buying it through Transform Holdco, an affiliate of his hedge fund ESL Investments. But Sears’ unsecured creditors repeatedly argued that Lampert was the cause of, not the solution to, Sears’ downfall. They believe that Lampert, along with Sears’ biggest shareholders, unduly benefited from deals that occurred under Lamper...
National Enquirer Will Be Sold To Former Newsstand Mogul After Rocky Year – TPM

National Enquirer Will Be Sold To Former Newsstand Mogul After Rocky Year – TPM

Business
. NEW YORK (AP) — The National Enquirer is being sold to the former head of the airport newsstand company Hudson News following a rocky year in which the tabloid was accused of burying stories that could have hurt Donald Trump’s 2016 presidential campaign. Tabloid owner American Media said Thursday it plans to sell the supermarket weekly to James Cohen. Financial terms were not immediately disclosed for the deal, which included two other American Media tabloids, the Globe and the National Examiner. American Media said last week that it wanted to get out of the tabloid business to focus on its other operations that include its teen brand and broadcast platforms. Federal prosecutors in Manhattan agreed last year not to prosecute American Media in exchange for the company&rsqu...
Sears sues Mnuchin alongside former CEO for alleged multibillion-dollar theft – Politico

Sears sues Mnuchin alongside former CEO for alleged multibillion-dollar theft – Politico

Business
. Sears named Treasury Secretary Steven Mnuchin in a lawsuit against the company’s former CEO, Edward Lampert. | Andy Wong/AP Photo Sears on Thursday named Treasury Secretary Steven Mnuchin in a lawsuit against the company’s former CEO, Edward Lampert, alleging that Mnuchin was part of a group of board members who assisted Lampert and his hedge fund in stripping the bankrupted retailer of more than $2 billion in assets. Lampert and his hedge fund, ESL Investments, were the largest shareho...