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Tesla to be 'reorganised' as share price falls

Tesla to be 'reorganised' as share price falls

Technology
Tesla's chief executive Elon Musk has told staff the firm is undergoing a "thorough reorganisation" after two of its cars were involved in crashes last week. The tech billionaire's email to employees also comes amid production problems and senior staff departures, with shares falling 2.1% to $ 297 on Monday.Mr Musk said the restructuring plans involve "flattening the management structure to improve communication", as well as trimming activities "not vital to the success of our mission".Tesla confirmed the contents of the email after they were reported by the Wall Street Journal.Mr Musk is trying to fix production headaches that have slowed the roll-out of its Model 3, a mid-market car seen as key to the company's success.The chief executive said in his email that Tesla will...
NASA share photo from Operation IceBridge flight

NASA share photo from Operation IceBridge flight

Science
April 27 (UPI) -- NASA scientists conducted the longest flight of the Operation IceBridge mission's spring campaign this week. On Friday, the space agency shared a photo captured during the flight.The image features a ridge in Greenland dividing a pair of glacial valleys. The deep blue of a fjord and the Arctic sky interrupt the snow-capped mountains.The most recent Operation IceBridge flight lasted 8.5 hours, allowing scientists to collect data on several glaciers and other points of interest.The IceBridge mission is the largest airborne polar survey yet undertaken. Flights over Greenland will continue through May. In October and November, scientists will survey Antarctica."It is yielding unprecedented three-dimensional views of Arctic and Antarctic ice sheets, ice shelves and sea ice," N...
Spotify eyes $23bn value in US share sale

Spotify eyes $23bn value in US share sale

Technology
Spotify has filed to sell its shares publicly on the New York Stock Exchange in a move that could value the loss-making firm at more than $ 23bn (£16.7bn).The world's biggest music streaming service said the flotation could be worth up to $ 1bn.It applied for a direct listing with the US Securities and Exchange Commission - a rare process involving the sale of existing shares currently held by staff and investors rather than new shares.It means the company can move towards an IPO (Initial Public Offering) without having to raise new capital or hire a bank or broker to underwrite the offering - keeping costs to a minimum.Spotify, which has a presence in more than 60 countries, said in its filing that it has 71 million premium subscribers and about 159 million monthly average users.It said:
Revived Ll‎oyds to unveil £1bn share buyback

Revived Ll‎oyds to unveil £1bn share buyback

Business
Britain's biggest high street lender will underline the rejuvenated strength of its balance sheet on Wednesday when it announces plans to return another £1bn to investors through a new share buyback.Sky News has learnt that‎ Lloyds Banking Group will unveil the move alongside annual results and a new three-year strategy that will take it to the end of the decade.The buyback of roughly £1bn will come little more than six months after Lloyds returned to full private ownership, following its £20bn Government bailout during the 2008 financial crisis.Although Lloyds has already resumed paying dividends to shareholders, the additional distribution will reflect its board's confidence about the outlook for the bank.Antonio Horta-Osorio, its chief executive, has presided over Lloyds' gradual exit f
5 Real Women Share What It Was Like Giving Up Alcohol for a Month

5 Real Women Share What It Was Like Giving Up Alcohol for a Month

Health
Until last month, I did not fully understand the effects of alcohol. Sure, I’d experienced a tipsy night out and enjoyed the next day’s lovely hangover. But when I gave up alcohol (one of many rules of the Whole30 program, which I did in January), I gradually became aware of how much things change when you part with your Pinot noir.I definitely experienced health perks: I was able to focus my energy on quality catch-ups over coffee, didn’t have liquor-induced late night cravings, and made it to more morning workout classes than usual. Yet what shocked me was how much my social life shifted over the course of 30 days.RELATED: What's the Lowest Calorie Alcohol? 8 Drinks RankedA friend’s request to meet for a “quick drink” led to my long explanation about my no-alcohol decision