Tesla no longer owns the federal government a dime. On Wednesday the company announced it had repaid the outsanding balance of $451.8 million, with interest, on its 2009 Advanced Technology Vehicle Manufacturing loan from the Department of Defense. That means taxpayers earned a very, very small $12 million profit on the loan.
The Chairman of the House Oversight Committee would like a do-over. Rep. Issa plans to demand the IRS's Lerner return to his committee to testify, arguing that she waived her ability to plead the Fifth once she offered an opening statement. According to a lawyer we spoke with, he's almost certainly wrong.
Stoical types will tell you that the only way to SUI well is to not do it at all, but there are some tips that can help you do it better. Because chances are, you are going to be exposed to a drink and a store, or a drink and your computer and an Internet connection, at some point in the very near future. You might as well be prepared, or as prepared as possible. Follow these rules.
ESPN is an extremely profitable company and recently made two very expensive deals for television rights to tennis and college footbal. And yet, on Tuesday the network had its first round of layoffs since 2009. So what gives?
Apple used an impressively complex network subsidiaries to avoid paying billions of taxes in a scheme that will pit the company against congressional investigators on Tuesday.
Billionaire brothers Charles and David Koch are quite entrepreneurial in their attempts to influence public policy in their favor.
All this crying over how much this Yahoo acquisition will ruin Tumblr is a predictable part of the cycle of tech company acquisitions these days — no matter how smart or dumb the buy — and says nothing about how the impending marriage will do.
Today in show business news: Here's our first look at the old Oscar winners in Vegas comedy Last Vegas, HBO is heading to Silicon Valley, and The CW is trying to figure out Wonder Woman.
The attorney general probably wishes that this afternoon wasn't the afternoon one on which he'd agreed to testify before the House Judiciary Committee. It is, and right in the middle of several brewing controversies, but it's unlikely that the hearing will be job-threatening.
Google, possibly eying subscription music streamer Spotify's 6 million paying users, may be introducing a music streaming service of its own.
The new editor of The Hairpin treats mix-tapes like books and commutes by Instapaper.
Some of the world's biggest clothing retailers have agreed to pay for improvements and monitor safety in the Bangladesh garment industry after the collapse of a crowded factory late last month killed over 1,000 people.
Investigations are being launched by the Treasury Department and the Federal Reserve to see if their employees were spied on by Bloomberg reporters, too. But they may find Bloomberg reporters didn't always use the terminals to get scoops. They used them for fun on slow days, instead.
Goldman Sachs was not happy to learn that Bloomberg News reporters had access to information about the working hours and news habits of its staff via the terminals it leases from Bloomberg. And given the money at stake, Bloomberg was probably even less happy.
Stewart had some interesting ways to describe Grace and the perverse joy she seems to get from tawdry crime stories like the Jodi Arias trial: "That's not rouge on her cheeks," he said. "She draws youth and vitality from human tragedy."
The most eligible bachelor in the solar system, has arrived in the United States — fully clothed this time, unfortunately. Yes, the ginger Windsor started a week-long American tour in DC on Thursday afternoon. To level the playing field for everyone, here are some universal tips on how to get to Harry while he's on his grand Yankee bride hunt.
Despite a contentious New York Times review, the crushing weight of the oil companies on its back, and ten years of hard work, Tesla says it finally managed to turn a profit in the first quarter of 2013.
The Obama administration is "on the verge of" signing off on a proposal from the FBI that would make it easier for the agency's to intercept online communications. Please allow us to offer a tip that may help you avoid the Feds' steely gaze.
The Dow Jones Industrial Average closed above 15,000 for the first time ever on Tuesday. However, despite the record-breaking nature of the even, Wall Street seems sort of unimpressed.
Today in show business news: TNT is now in the Michael Bay business, Andrew Garfield books a prestigious role, and another movie musical is in the works.
Are there ways to make your work-from-home routine a bit more productive, and you, yourself, ever so slightly more efficient, all the while remaining firmly planted upon your own couch?
With the Senate set to approve an online sales tax bill late Monday, its proponents argue that online retailers' unfair advantage needs to be eliminated. Research shows that taxes on Internet purchases won't necessarily make that happen.
In this definitive telling of the history of Instagram we get CEO Kevin Systrom's reasoning for ultimately choosing Facebook's $1 billion offer over Twitter's $520 million—and it has less to do with money than you might think.
The Financial Times reports that the long-rumored paid subscription model is coming to YouTube as early as this week. The strategy will help YouTube compete not only with other online outlets but also with major networks like CBS.
Harvard professor and prominent Daily Beast columnist Niall Ferguson is now apologizing for saying economist John Maynard Keynes' theories about surplus and deficit spending were somehow shaped by that fact that he was gay and childless. Which is great, except that it may not be that sincere. He's made the argument before.
At Saturday's annual Berkshire Hathaway shareholder meeting, the 82-year-old CEO Warren Buffett announced that he knows who his successor is, but he's not ready to share the secret with the rest of us just yet.
Today in show business news: Universal is making a "fourquel," Michael Caine is in the new Christopher Nolan movie, and a not-so-encouraging look at White House Down.
Following a rough day for Howard Kurtz in which the Daily Beast retracted his initially inaccurate Jason Collins story and then publicly parted ways with him, CNN has issued a statement saying their Reliable Sources host is maintaining his position at the network.
After having expectations significantly lowered by a week of depressing numbers, the monthly jobs report came in on Friday as a pleasant surprise. Here's all the good news, and why the sequester hasn't brought the economy to a stop. Indeed, the markets are loving this news.
The mounting death toll is becoming harder and harder to ignore, but that's exactly what the country's garment industry might do in the long term, thanks in part to its extensive ties to figures in political power in Bangladesh, one of whom is now saying this sort of thing "happens everywhere."
Hope you're hungry for schadenfreude, because The New York Times's recent Thursday styles piece on "Will.i.amsburg" was not only laughable, it was incorrect. And somehow, so are the corrections.
Liquor-maker Beam (as in, "Jim") had a great first quarter, for two reasons. One was customers infuriated at a threat to dilute Maker's Mark. The other was Bethenny Frankel.
Arguably the most influential investor of all-time has finally been persuaded to join Twitter, causing an online stampede to receive his financial wisdom. Don't bet on it.
We have some good news for irritated Facebook phone users. In the coming weeks Facebook plans to add controls to let users hide all those pesky mobile ads if they so desire, a Facebook spokesperson told The Atlantic Wire this afternoon.
After exploring the various insults lobbed by Cruz toward his fellow Senators, and then the insults thrown by everyone else toward the junior Senator from Texas ("wacko bird"), Stewart explained why, exactly, Cruz has been called "the most hated man in the Senate."
The Los Angeles Times announced late Wednesday that it would join the Associated Press in dropping the phrase "illegal immigrant" from its style guide.
The Times staff is in open revolt against Charles and David Koch's potential purchase of papers from Tribune Co. And the city council is apparently so petrified of the Kochs's lack of objectivity that it's threatening to pull funding for those staffers' retirement accounts. If you thought Rupert Murdoch was bad, the Kochs may already be contributing to what one local politician called "the end of journalism" — and they haven't even made an offer yet.
Yahoo's new maternity and paternity leave policy would delight all those pro-family people who hated on Mayer's work-from-home ban... if only Yahoo's new plan for new parents was as good as the HR strategies at Google and Facebook.
Today in celebrity gossip: Lindsay Lohan might soon be writing for the Internet, Taylor Swift may have paid too much for her house, and Michael Jordan certainly paid a lot for his wedding.
The allure of Silicon Valley (and Alley) over Wall Street for would-be bankers makes sense in theory, but it's not really a better career bet.
The Huffington Post is teaming up with Mark Cuban to take its newish, money-losing video channel, HuffPost Live, from the laptop screen to the television screen.
Fred Amoroso resigned his position as chairman of Yahoo Inc., a position he'd held for only 14 months, on Thursday. Obviously, everybody immediately wondered what CEO Marissa Mayer did wrong.
We see a man in his garage, rigging the grimly familiar suicide scene of exhaust pumped back into a car. Except the man walks out alive... because Hyundai's new iX35 has 100 percent water emissions. Get it? Neither did anyone else, but Hyundai is just now apologizing.
The business drama behind the New York Times paywall is, at its core, this: can the news organization find new subscription revenue faster than it loses advertising revenue? And, while it has pioneered the paywall, signing up 676,000 subscribers through the end of the fourth quarter, the announcement that it will offer new, cheaper tiers shows that is not enough paying customers.
Jill Abramson, the executive editor of The New York Times and the first woman to hold that position, is literally a poster child for Sheryl Sandberg's Lean In mantra. And, yet, that doesn't seem to matter to many of her defenders today, who also happen to dislike Sheryl Sandberg and her Lean In movement because it only represents corporate power women just like Abramson.
The executives and backers of Fisker Automotive are being called before Congress today to answer for the failure of the electric car maker that is being called the "Solydra" of the green auto movement. What happened to all that Department of Energy money?
Politico just published a rather startling exposée on the state of affairs at The New York Times, notably the collective bad attitude towards executive editor Jill Abramson.
The first trailer for Thor: The Dark World begins the post-Avengers attack on the box office with character driven sequels bent on becoming legitimate franchises of their own. And yet, now that Man of Steel looks great again, it's hard not to wonder what the future for Marvel holds.
As reactions to the media's handling (or rather, mishandling) of breaking news during a busy week continue to flow in, perhaps none is more condemning than David Carr's latest column in The New York Times.
The entertainment industry's looking pretty experimental these days, with the announcement of a new five-day-long comedy festival on Twitter. Yes, there is a hashtag involved.
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