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Musk’s Tesla faces German battle over battery-powered homes

November 29, 2015 by · Leave a Comment 

By Vera Eckert and Christoph Steitz FRANKFURT (Reuters) – If Elon Musk's vision of millions of households producing all their own power becomes a reality, it will probably happen first in Germany. The South African-born entrepreneur's company Tesla, best known for its electric cars, sparked global interest in the idea of…

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Musk’s Tesla faces German battle over battery-powered homes

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HSBC whistleblower Falciani sentenced to five years in prison

November 29, 2015 by · Leave a Comment 

(Reuters) – Herve Falciani, an ex-employee of HSBC's Geneva private bank who leaked information on clients and their tax situation, has been sentenced to five years in prison for aggravated industrial espionage, the bank said on Friday. HSBC said it welcomed the ruling on Falciani, a 43-year old French citizen …

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HSBC whistleblower Falciani sentenced to five years in prison

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Exclusive: Lazard works with Sanofi on $12.7 billion animal health unit deal – sources

November 29, 2015 by · Leave a Comment 

By Pamela Barbaglia, Olivia Oran and Arno Schuetze LONDON/NEW YORK/FRANKFURT (Reuters) – Investment bank Lazard is working with Sanofi's management to prepare a sale or listing of its Merial animal health unit, aiming to land the leading advisory job for the deal, which could value the business at up 12 billion euros ($12.7 billion), sources familiar with the matter said. Lazard is expected to win the role for the so-called dual-track process having helped Sanofi's management in the …

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Exclusive: Lazard works with Sanofi on $12.7 billion animal health unit deal – sources

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U.S. store sales down slightly for Thanksgiving and Black Friday

November 29, 2015 by · Leave a Comment 

By Nandita Bose CHICAGO (Reuters) – Sales at U.S. brick-and-mortar stores on Thanksgiving Day and Black Friday were down slightly from last year, but the performance was still seen as strong in a holiday shopping season where discounts spread well beyond the weekend and many shoppers moved to the web. Online sales were up by double digits, according to data released on Saturday. Data from

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U.S. store sales down slightly for Thanksgiving and Black Friday