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The Two-Way
11:27 am
Thu October 3, 2013

Tesla's Stock Gets Burned After Car Fire And Downgrading

A Tesla Model S at the 2013 North American International Auto Show in Detroit on Jan. 15.
Stan Honda AFP/Getty Images

Originally published on Thu October 3, 2013 12:26 pm

High-flying billionaire Elon Musk's Tesla Motors has seen its shares skid the past couple days because they've been downgraded by analysts and because of a YouTube clip showing one of the all-electric luxury cars engulfed in flames earlier this week.

Just before noon ET, a share of Tesla was trading around $169.50 — down about 6.5 percent for the day and $25 (13 percent) below its 52-week high of $194.50.

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The Salt
11:12 am
Thu October 3, 2013

How's The Sausage Made? These Folks Really Want To Share The Knowledge

Brent Gentry of Underground Meats rotates a coppa. Underground Meats is behind a new project that aims to lower the barrier to entry for would-be artisanal meat producers by making it easier for them to craft food safety plans.
Emily Julka Courtesy of Underground Meats

Originally published on Thu October 3, 2013 12:45 pm

With the current bloom of artisanal small-batch producers across the country, you'd think that all you need to start up a new food business is a good idea and a lot of gumption. And for the most part, that's true. But when it comes to artisanal producers working with meat, you also need something else: a Hazards Analysis and Critical Control Points plan. Or, if you will, a HACCP.

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Remembrances
11:03 am
Thu October 3, 2013

Remembering Tom Clancy, 'Faulkner In A Flak Jacket'

Tom Clancy poses next to a tank in his Maryland backyard. Though he never served in the military, his books were renowned for their detail.
AP

Originally published on Thu October 3, 2013 2:23 pm

The Army rejected him because of his bad eyes — he was nearsighted — but Tom Clancy, who went into the family insurance business instead of the military, turned out to have the greatest vision of modern warfare of any writer of our time. His research into military history and technology led him to create a new form of thriller, and a hero for our time, a man named Jack Ryan whose talents as a spy and technowarrior put a name and a face to the people who battled Russians, Pakistanis, Irish nationalists and Islamists along a constantly shifting front line.

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The Government Shutdown
10:48 am
Thu October 3, 2013

Without Key Jobs Data, Markets And Economists Left Guessing

JPMorgan Chase trader Frederick Reimer works on the floor of the New York Stock Exchange. The government's monthly jobs numbers won't be released as scheduled Friday, leaving financial markets without key data to evaluate the economy.
Brendan McDermid Reuters/Landov

Originally published on Thu October 3, 2013 12:32 pm

Stock investors and business journalists unite each month for one shared, suspenseful moment — the 8:30 a.m. release of the Labor Department's employment report.

The unveiling of the report — so rich with data on job creation, unemployment, wages and hours — can be counted upon to set off a tsunami of tweets. Economists jump in with instant analysis and politicians fire off press releases with reactions.

That market-moving report was due this Friday.

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The Two-Way
10:46 am
Thu October 3, 2013

Tropical Storm Karen Heading For U.S. Gulf Coast

The storm track forecast for Karen.
National Hurricane Center, Miami

Originally published on Thu October 3, 2013 1:07 pm

Newly formed Tropical Storm Karen, which could reach hurricane strength by Friday, is expected to make landfall on the U.S. Gulf Coast sometime over the weekend.

The National Hurricane Center in Miami says the late-season storm formed Thursday morning about 485 miles south of the Mississippi Delta, with maximum sustained winds of 65 mph. It was moving north-northwest at 12 mph, but was expected to speed up.

Forecasters say it will make landfall in the U.S. either Saturday or Sunday.

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