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U.S. reviewing suspension complaints in Tesla Model S cars
U.S. auto safety investigators are reviewing reports of suspension problems in Tesla Motors Inc's Model S cars, a government spokesman said on Thursday. The NHTSA also said it had learned that Tesla had entered into what it called a “troublesome nondisclosure agreement” with a Tesla Model S owner who had suspension problems. A Tesla spokeswoman said she was looking into NHTSA's View... [Read more]
Verizon’s bid for Yahoo’s web assets topped by others: source
(Reuters) – Verizon Communications Inc did not submit the highest offer this week in the second round of bidding for Yahoo Inc's core internet assets, according to a person familiar with the matter. No committed financing was required for second-round bids, and Yahoo will put together in the coming days a new shortlist of Continued here: Verizon’s bid for Yahoo’s web assets... [Read more]
Bezos says Amazon to up India investment to $5 billion
Amazon Inc Chief Executive Jeff Bezos said on Tuesday the company would invest an additional $3 billion in India, boosting its committed investment in the country to over $5 billion. Bezos told an event in Washington attended by Indian Prime Minister Narendra Modi – who met earlier on… Read the original post: Bezos says Amazon to up India investment to $5 billion Read More →
Judge says needs time to rule on date of Sumner Redstone competence trial
The battle over control of Sumner Redstone’s $40 billion media empire moved to a Massachusetts courtroom on Tuesday, where a state judge said he needed time to decide whether to move up the date of a trial questioning the 93-year-old’s mental competence. Probate and Family… Read more from the original source: Judge says needs time to rule on date of Sumner Redstone competence trial Read More →
Oil hits 2016 high on U.S. draw forecasts, Nigeria woes
Oil prices jumped more than 1 percent on Tuesday, hitting 2016 highs, with U.S. crude settling above $50 a barrel the first time in almost a year, on expectations of domestic stockpile draws and worries about global supply shortfalls from attacks on Nigeria' Originally posted here: Oil hits 2016 high on U.S. draw forecasts, Nigeria woes Read More →
Supreme Court rejects Google appeal in class action dispute
By Lawrence Hurley WASHINGTON (Reuters) – The U.S. Supreme Court on Monday rejected Google Inc's bid to throw out a class action lawsuit involving claims that the company deceived California advertisers about the placement of Internet ads through its Adwords service. The court's decision not … See the original post here: Supreme Court rejects Google appeal in class action dispute Read More →
Paraguay gets debt payment demand from Venezuela’s PDVSA – Petropar president
Paraguay's state-run oil firm Petropar said Saturday that Venezuelan state oil producer PDVSA [PDVSA.UL] had set a 10-day deadline for the Paraguayan company to pay off $287 million of long-standing debt. The demand comes shortly after Paraguay asked last week to convene a meeting of foreign ministers in the South American Mercosur trade group to examine if Venezuela had failed to comply with... [Read more]
Wal-Mart says tech investments will boost online sales
By Nandita Bose FAYETTEVILLE, Ark. (Reuters) – Wal-Mart Stores Inc executives touted the technology investments the world's No. 1 retailer is making to boost online sales, during the annual shareholder meeting on Friday. Chief Executive Officer Doug McMillon spoke about initiatives like online grocery pick up, the retailer's two-day shipping program and its mobile wallet, Wal-Mart... [Read more]
Gundlach’s DoubleLine reaches $100 billion in assets under management in May
Jeffrey Gundlach's DoubleLine Capital reached $100 billion in assets under management last month, the Los Angeles-based firm said on Wednesday. DoubleLine also said the firm appointed Jeffrey Sherman as deputy chief investment officer. Separately, the firm announced the opening of DoubleLine Investment Management North Asia Ltd. The rest is here: Gundlach’s DoubleLine reaches $100 billion... [Read more]
VW profit gains as carmaker battles to overcome crisis
Volkswagen posted a surprise increase in first-quarter operating profit as the carmaker is pushing steps to overcome its diesel emissions scandal. Europe's biggest automaker is counting on a deal with U.S. authorities and car owners next month over its rigging of diesel emissions tests while pushing a strategic overhaul across its 12-brand group. Operating profit rose to 3.4 billion euros ($3.8... [Read more]