Tesla Motors Inc. expects to start selling its Model X sport utility vehicle in China in the first half of next year after first introducing it in the U.S. this quarter. The electric-car manufacturer is also opening five to six new showrooms by the end of this year, bringing the total number in China to about 15, Gary Tao, a …
As a fierce merger fight between Samsung Group’s Lee family and activist investor Paul Elliott Singer has raged in South Korea, the Lees have marshaled their best arguments for the deal, splashed ads on the front pages of the nation’s newspapers, and courted minority shareholders in person. Oh, and announced that they aren’t anti-Semites. With Friday’s vote on the takeover bid fast approaching, critics …
Mankind’s first close-up look at Pluto did not disappoint on Wednesday. The pictures showed ice mountains on Pluto about as high as the Rockies and chasms on its big moon Charon that appear six times deeper than the Grand Canyon. Especially astonishing to scientists was the total absence of impact craters in a zoom-in shot of one otherwise rugged slice …
Taxi booking app Uber has been fined $7.3m (£4.6m) in California for not giving regulators enough information about its service and operations. A judge at the California Public Utilities Commission – the regulator that allows the company to operate in the state – said Uber had not filed all the reports required by the body. It was accused of withholding …
Twenty years ago today Amazon sold its first book, created the first online book store and went on to become a hugely profitable internet superpower. Today it’s celebrating that anniversary with Amazon Prime day, 24 hours of special offers which will be the biggest day of e-commerce the world has ever seen. Actually, scrub that first paragraph – almost every …
What is the market going to do today? Investors can look to data releases to explain short term fluctuations and try to investigate longer-term macro trends to make their forecasts. However, the market is (mostly) humans making decisions based not only on what they think will happen after extrapolating the data, but also on how they feel things will work out. Call it sentiment, …
A Trinity Mirror Plc executive was arrested by U.K. police in connection with phone hacking as the almost decade-long scandal continues to engulf the publisher. London police said they arrested a man in connection with a probe into hacking at Mirror Group Newspapers. Lee Harpin, listed on his LinkedIn page as the Mirror’s agenda editor, was being questioned, said Harry …
Google Inc. is testing a new feature to let consumers purchase products by clicking through advertisements, seeking to expand options for mobile retail sales. The Internet-search company’s service, called Purchases on Google, will let users on smartphones click on select search ads that take them directly to a retailer-branded product page hosted by Google, according to an e-mailed statement. The …
Home-grown mobile handset player Intex Technologies today entered the wearable segment with the unveiling of a smartwatch priced at Rs 11,999, which comes with an in-built 3G SIM card slot. The company said it is the first Indian player to launch an Android-based smartwatch, which will be available in the market from August. The firm said that though the wearable …
Microsoft has announced plans for a celebratory debut this month of Windows 10 operating software designed to spread the US software titan’s offerings across a broad range of devices. Word that Windows 10 would be welcomed in grand style came less than a week on Monday after Microsoft said it will cut 7,800 jobs and write down the value …