Tesla Motors Inc., the maker of electric cars run by billionaire Elon Musk, surged 24 percent after posting a first profit, beating estimates and earning a top evaluation for its Model S sedan from Consumer Reports.
Invent a new communications technology recently? If so, beware: the U.S. government may require you to build it in a way that will enable federal agents to eavesdrop by court order. Otherwise, the New York Times’s Charlie Savage reports, you’ll end up paying a court-ordered fine.
Joey Griffiths grew up in the western New York town of Dunkirk and left home at 17. Now he’s 30 and working as a bill collector in Jackson Heights, Queens. He has bills of his own to pay. Says Griffiths: “I’m good at collections because I understand what they’re going through. Just surviving.”
When I hear free-spending national leaders call for more infrastructure investment, I think of Detroit’s absurd People Mover monorail gliding above empty streets. That’s unfair, I know. Yet the city’s epic tragedy, which entered a new stage last week when Mayor Dave Bing lost financial control, provides broader perspective on the potential consequences of mixing economic distress with bad policy making.
Hank Greenberg was the son of Romanian Jews who spoke Yiddish at home. As a Detroit Tiger, he was dropped into a state whose industry was controlled by one anti-Semite (Henry Ford) and whose airwaves were poisoned by another (Father Charles Coughlin).
When the Daytona 500 starts this weekend with Danica Patrick in the pole position driving her Chevrolet SS, General Motors Co. will be seeking something more than a winner’s trophy: adding a greater sense of urgency to GM.