San Mateo Newswire

San Mateo Newswire

Comprehensive Real-Time News Feed for San Mateo, CA.

Results 1 - 20 of 64 for "u:bloomberg.com" in San Mateo, CA

  1. Musk and Rive Brothers Buying $100 Million of SolarCity BondsRead the original story

    13 hrs ago | The Washington Post

    Elon Musk and his cousins Lyndon Rive and Peter Rive are buying $100 million of solar bonds from their rooftop solar company, SolarCity Corp. Musk is personally buying $65 million of bonds, San Mateo, California-based SolarCity said in a filing Tuesday. Lyndon Rive, SolarCity's chief executive officer, and Peter Rive, its chief technology officer, are each buying $17.5 million.

    Comment?

  2. SolarCity Founders Take - Symbolic' $1 Salary While Firing StaffRead the original story

    Friday Aug 19 | The Washington Post

    SolarCity Corp. co-founders Lyndon Rive and Peter Rive agreed to cut their salaries as the biggest U.S. rooftop solar company fires an unspecified number of workers to adapt to slowing demand. The Rive brothers, cousins to billionaire Elon Musk, will get $1 a year, down from $275,000 each, according to a company filing.

    Comment?

  3. Bond Lessons at 29,000 Feet: Hasenstab Has No Time for Your FearRead the original story

    Monday Aug 15 | The Washington Post

    "If I don't get to the top," Michael Hasenstab was telling himself, "I have to rename our fund." Franklin Templeton's star bond-fund manager found himself somewhere around 24,000 feet on Mount Everest when he became intimately familiar with the effects of oxygen deprivation.

    Comment?

  4. SolarCity Growth Slows Even More as Musk Details Energy VisionRead the original story

    Wednesday Aug 10 | The Washington Post

    SolarCity Corp. is facing near-term roadblocks as installations slow and the pending acquisition by Tesla Motors Inc. hinders its financing efforts. For billionaire Elon Musk, the long-term picture is more significant, as he rolls out more products and services that will make the biggest U.S. rooftop solar company a key part of his energy strategy.

    Comment?

  5. SolarCity Posts Wider Loss as Shareholders Consider Tesla DealRead the original story

    Tuesday Aug 9 | The Washington Post

    SolarCity Corp.'s loss swelled in the second quarter as the biggest U.S. rooftop developer seeks approval from shareholders to be acquired by Tesla Motors Inc. The net loss was $55.5 million, or 56 cents a share, compared with $22.4 million, or 23 cents, a year earlier, the San Mateo, California-based company said in a statement Tuesday. Excluding some items, the loss was $2.32, less than the $2.53 average of 11 analyst's estimates compiled by Bloomberg.

    Comment?

  6. Musk's SolarCity Bid Offers Lifeline as Competition Erodes LeadRead the original story

    Tuesday Aug 2 | The Washington Post

    Elon Musk says Tesla Motors Inc.'s $2.6 billion takeover of SolarCity Corp. is no bailout. Analysts say it certainly can't hurt.

    Comment?

  7. Musk's SolarCity Bid Offers Lifeline as Competition Erodes LeadRead the original story

    Tuesday Aug 2 | The Washington Post

    Elon Musk says Tesla Motors Inc.'s $2.6 billion takeover of SolarCity Corp. is no bailout. Analysts say it certainly can't hurt.

    Comment?

  8. Musk's SolarCity Offer Wipes Out His Cousins' Stock OptionsRead the original story

    Tuesday Aug 2 | The Washington Post

    Tesla Motors Inc.'s $2.6 billion offer for SolarCity Corp. is wiping out stock awards given to Elon Musk's cousins. Lyndon and Peter Rive, who serve as the chief executive and chief technology officer of SolarCity, were granted combined stock options of about $128 million in the San Mateo, California-based solar company in September, placing them among the 15 highest-paid U.S. executives in 2015, according to the Bloomberg Pay Index.

    Comment?

  9. Tesla Lowers Bid, Agrees to Pay $2.6 Billion for SolarCityRead the original story

    Monday Aug 1 | The Washington Post

    Elon Musk may have more work to do to convince his own shareholders to go along with the $2.6 billion proposed merger of Tesla Motors Inc. and SolarCity Corp. Shares in both companies slumped in early trading after Musk -- the largest individual shareholder in SolarCity -- announced an agreement for Tesla to acquire it for about $300 million less than initially proposed 6 weeks ago. The revised terms come after criticism from Tesla investors and on the same day the rooftop solar installer lowered its forecast for 2016.

    Comment?

  10. Short Sellers Pile Into Mexico After It Lands in U.S. CrossfireRead the original story w/Photo

    Monday Aug 1 | Bloomberg

    From stocks to bonds to the beleaguered peso, markets are sounding the alarm about Mexico's future under a new U.S. president. An exchange-traded fund focused on the Latin American nation's shares has the most bearish bets of any country, while hedge funds including Finisterre Capital in London are pouring into credit-default insurance on Mexican bonds.

    Comment?

  11. Oracle Buys NetSuite in Deal Valued at About $9.3 BillionRead the original story

    Thursday Jul 28 | The Washington Post

    Oracle Corp., eager to boost its cloud-services strategy amid intensifying competition, agreed to buy NetSuite Inc. for about $9.3 billion. The offer of $109 a share in cash is a 19 percent premium to NetSuite's closing share price Wednesday of $91.57.

    Comment?

  12. Distressed-Debt Investors Burnt by Oil Become Coupon ClippersRead the original story w/Photo

    Jul 11, 2016 | Bloomberg

    It's come to this: Some sophisticated distressed-debt investors, battered by two years of falling prices for bonds of troubled companies, are giving renewed respect to mundane coupon-clipping. Asset managers ranging from Franklin Resources Inc. to Trilogy Capital Management LLC are shying from the riskiest issuers in favor of healthier high-yield companies.

    Comment?

  13. Family and Money Tie SolarCity Board to Prospective Buyer TeslaRead the original story

    Jun 27, 2016 | The Washington Post

    The list of SolarCity Corp. directors who will vote on Tesla Motors Inc.'s $2.86 billion bid is getting shorter. Two more directors have recused themselves, Chief Technology Officer Peter Rive, and J.B. Straubel who holds the same title at Tesla.

    Comment?

  14. Family and Money Tie SolarCity Board to Prospective Buyer TeslaRead the original story

    Jun 27, 2016 | The Washington Post

    The list of SolarCity Corp. directors who will vote on Tesla Motors Inc.'s $2.86 billion bid is getting shorter. Two more directors have recused themselves, Chief Technology Officer Peter Rive, and J.B. Straubel who holds the same title at Tesla.

    Comment?

  15. Family and Money Tie SolarCity Board to Prospective Buyer TeslaRead the original story

    Jun 27, 2016 | The Washington Post

    The list of SolarCity Corp. directors who will vote on Tesla Motors Inc.'s $2.86 billion bid is getting shorter. Two more directors have recused themselves, Chief Technology Officer Peter Rive, and J.B. Straubel who holds the same title at Tesla.

    Comment?

  16. in the familyRead the original story w/Photo

    Jun 27, 2016 | Bloomberg

    Two more directors have recused themselves, Chief Technology Officer Peter Rive, and J.B. Straubel who holds the same title at Tesla. That leaves three people to vote on the offer, venture capital executives Nancy Pfund and John Fisher, who both provided backing to the two companies, and Donald Kendall Jr., the only person on the eight-member The deep connections between the two companies may create potential conflicts of interest, according to analysts and experts in governance issues.

    Comment?

  17. SolarCity, Tesla Ties Spurring Questions on Board's IndependenceRead the original story

    Jun 25, 2016 | The Washington Post

    A few directors are related by blood, others are linked through longstanding personal and professional relationships and some have significant investments in both companies. As the solar company's eight-member board evaluates Tesla's proposed $2.86 billion acquisition, these connections may create potential conflicts of interest, according to analysts and experts in governance issues.

    Comment?

  18. In SolarCity Bid, Tesla's Musk Targets Customers Wanting AllRead the original story

    Jun 23, 2016 | The Washington Post

    Tesla Motors Inc.'s offer to buy SolarCity Corp. would combine two already deeply linked companies to offer clean energy enthusiasts a one-stop shop. According to billionaire Elon Musk, Tesla electric vehicles would return nightly to homes powered by SolarCity's rooftop power systems.

    Comment?

  19. In SolarCity Bid, Tesla's Musk Targets Customer Who Wants It AllRead the original story

    Jun 22, 2016 | The Washington Post

    Tesla Motors Inc.'s offer to buy SolarCity Corp. would combine two already deeply linked companies to offer clean energy enthusiasts a one-stop shop. According to billionaire Elon Musk, Tesla electric vehicles would return nightly to homes powered by SolarCity's rooftop power systems.

    Comment?

  20. Marketo to Be Bought by Vista Equity for $1.79 BillionRead the original story

    May 31, 2016 | The Washington Post

    Marketo Inc. will be bought by Vista Equity Partners in a deal valued at about $1.79 billion, Marketo said in a statement. The maker of marketing software had been the subject of bid speculation recently, with one report last week that Microsoft Corp. was preparing an offer and another that predicted the technology-focused private equity firm Vista Equity would snag it.

    Comment?

San Mateo Job Listings
View or post San Mateo job listings on Topix.
San Mateo Real Estate
News, listings, and foreclosures in San Mateo from Topix.
San Mateo Mortgages
Find mortgage rates in San Mateo on Topix.