Benioff Saves Time, Chinese Shares and Tesla Deliveries: CEO Daily September 17, 2018



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Time Sale

Salesforce CEO Marc Benioff and his wife, Lynne Benioff, must pay $ 190 million for Time magazine, the sister publication (for the moment) of Fortune. The securities are currently owned by Meredith Corp., whose purchase of Time Inc. ended eight months ago. "The power of time is the unique story of people and issues that affect us all and connect us all," Lynne Benioff said. The sale should be concluded within 30 days. the Wall Street newspaper

Chinese stocks

China's composite index in Shanghai fell 1.1% today, ending at its lowest level since 2014 (the previous one was in January 2016). The index should now record four consecutive quarters of losses. The trade war is, of course, a major concern – President Trump would have put forward proposed tariffs on Chinese imports worth $ 200 billion, and the Chinese government could refuse the offer of White House negotiations. Bloomberg

Tesla Deliveries

Tesla's problem is no longer production, but delivery logistics, according to CEO Elon Musk. "Sorry, we went from the hell of production to the hell of delivery logistics, but this problem is a lot easier to solve," tweeted Musk in response to the complaint of a customer. "We are progressing quickly. Must be resolved shortly. "Reuters

Kavanaugh Accuser

Christine Blasey Ford, a professor of clinical psychology, publicly charged Brett Kavanaugh, a Supreme Court candidate, with sexual assault as high school students. Ford decided to make the accusation public after it provoked a political storm, but without her name attached to it, and she wanted to be the one who would tell her own story. Democrats now want the Senate to postpone Kavanaugh's confirmation vote, which is scheduled for Thursday. Washington Post

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