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Tesla Motors says it will be cash-flow positive in fourth quarter

May 6 - Tesla Motors Inc should have "really good" cash flow in the fourth quarter, Chief Executive Elon Musk said on Wednesday during a first-quarter earnings conference call with analysts.

4:41am IST

Al Jazeera America says replaces CEO

May 6 - Al Jazeera Media Network said on Wednesday it had replaced the chief executive of its U.S. network, Ehab Alshihabi, in a move that follows reports of several staff departures and a lawsuit claiming wrongful employment.

4:32am IST

UPDATE 2-Game maker Activision Blizzard raises forecast as digital sales grow

* Raises full-year adj profit forecast to $1.20/shr from $1.15

4:19am IST

UPDATE 1-Third Point's Loeb not pushing for Yum to split off China business

LAS VEGAS, May 6 - Billionaire investor Daniel Loeb said on Wednesday that he sees room for restaurant chain company Yum! Brands to potentially split off its China business, but said he is not pushing for that now.

4:12am IST

UPDATE 2-Zynga reports higher-than-expected bookings, to cut jobs

May 6 - "Farmville" creator Zynga Inc reported higher-than-expected bookings as titles such as "Words With Friends" attracted more gamers, and the company announced the elimination of another 364 jobs as it tries to turn around its business.

3:58am IST
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India closer to biggest tax reform in decades

NEW DELHI - A major tax reform cleared a key hurdle in the parliament on Wednesday, when the Lok Sabha passed a bill to replace a patchwork of levies by the central and state governments with a single nationwide sales tax.