Tesla Holds Nearly $2 Bln Worth Bitcoin At 2021-End

A Heart-Shaped Croissant From Ladurée

The Paris-based bakery, confectioner and restaurant is offering this flaky Valentine on its own and as part of a holiday package.

By Florence Fabricant

Spanish Sausages for the Big Game

For those that grill in any weather: Cúrate Bar de Tapas, a Spanish restaurant in Asheville, N.C., has a new site filled with specialties.

By Florence Fabricant

Maruti Suzuki opens bookings for new Baleno

The country’s largest carmaker Maruti Suzuki on Monday announced the opening of bookings for the ‘New Age Baleno’ with an initial payment of Rs 11,000.

According to the teaser released by the company, the new car will come with the first-in-segment Head-Up Display (HUD). The HUD feature allows customers to drive without having to take their eyes off the road by displaying important information from speedometer, climate control etc. The model will be powered by Next-Gen K-Series dual jet dual VVT engine with idle start-stop.

“The Baleno brand has redefined the premium hatchbacks in India. With over 1 million delighted Baleno customers, it reigns the premium hatchback segment and has been consistently featuring among the top 5 best-selling cars in the country,” Shashank Srivastava, Senior Executive Director (Marketing & Sales), Maruti Suzuki India Limited, said.

He expressed confidence that the ‘New Age Baleno’ will turn heads and delight customers with its distinctive presence, cutting edge tech and outstanding performance.

CV Raman, Chief Technical Officer (Engineering), Maruti Suzuki India Limited, said, “Launched in 2015, the Baleno has been a trendsetter with its bold design, premium interiors and convenient features…While working on the New Age Baleno, we have laid a special focus on the use of modern technologies that will excite the customer while also ensuring a safer and more convenient drive.”

AECOM Technology Corporation Q1 Profit Increases, beats estimates

AECOM Technology Corporation (ACM) reported a profit for its first quarter that increased from last year and beat the Street estimates.

The company’s earnings came in at $61.55 million, or $0.43 per share. This compares with $26.13 million, or $0.17 per share, in last year’s first quarter.

Excluding items, AECOM Technology Corporation reported adjusted earnings of $128.9 million or $0.89 per share for the period.

Analysts on average had expected the company to earn $0.77 per share, according to figures compiled by Thomson Reuters. Analysts’ estimates typically exclude special items.

The company’s revenue for the quarter fell 1.2% to $3.27 billion from $3.31 billion last year.

AECOM Technology Corporation earnings at a glance (GAAP) :

-Earnings (Q1): $61.55 Mln. vs. $26.13 Mln. last year.
-EPS (Q1): $0.43 vs. $0.17 last year.
-Analyst Estimate: $0.77
-Revenue (Q1): $3.27 Bln vs. $3.31 Bln last year.

Full year EPS guidance: $3.30 – $3.50

German Doner Kebab to hire 3000 UK workers as it plans to open 78 new restaurants

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The fast food chain says it will grow to 170 restaurants across the UK this year despite the challenges posed by the pandemic. The firm also opened 39 restaurants last year and reported a 75 per cent jump in total sales.

Bosses say the new growth plan will take the brand to Leeds, Brighton, Portsmouth, Great Yarmouth, Aberdeen and Stoke, and will include additional sites in London and Glasgow. Chief executive Imran Sayeed said: “We have been extremely agile during the pandemic, listening to the needs of our customers and responding to huge demand. “This has enabled us to build greater levels of brand awareness and customer loyalty.

The Glasgow-based business currently employs around 3,500 people in the UK, and plans to recruit another 2,900 this year.

Tesla Holds Nearly $2 Bln Worth Bitcoin At 2021-End

Luxury electric car maker Tesla Inc. (TSLA) on Monday revealed that it still holds nearly $2 billion in bitcoin.

In its annual report to the Securities and Exchange Commission, Tesla said that in the first quarter of 2021, the company had invested $1.50 billion in bitcoin. The company recorded a $101 million impairment loss due to its investment in bitcoin. “The fair market value of our bitcoin holdings as of December 31, 2021 was $1.99 billion,” the company said.

Bitcoin’s price was up nearly 60% at the year-end trading above $46,000 on December 31. The cryptocurrency had slipped to as low as $30,000 in July amidst crackdown against the virtual currency in China. However, the bitcoin climbed to an all-time high by early November.

In early February last year, Elon Musk’s company had revealed its investment of $1.5 billion in Bitcoin. The company also accepted the cryptocurrency as a form of payment for cars last year.

However, the company backtracked from its position and said it would no longer accept Bitcoin against the sale of Tesla electric vehicles due to its huge consumption of fossil fuels during the Bitcoin mining process.

Bitcoin is currently trading at $44,275.36, up 6%. However, bitcoin has dropped nearly 5% so far this year and is down nearly 40% from its all-time high of $68,900.90 in November.

TSLA is currently trading at $921.22, down $2.10 or 0.23%, on the Nasdaq. The stock is down near 13% in the year-to-date period.