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Germany denies investigating Tesla over software updates
By Michael Nienaber and Rene Wagner BERLIN (Reuters) – Germany's Transport Ministry denied a media report on Friday that it was investigating Tesla Motors Inc for updating driving assistance software without informing authorities, but said it was “clarifying technical issues” on the matter. German magazine Der Spiegel reported, without citing a source, that there were indications... [Read more]
France’s Danone to buy WhiteWave to boost U.S. business
France's Danone said on Thursday it would double the size of its U.S. business by buying organic foods producer WhiteWave Foods Co for $10.4 billion in its largest acquisition since 2007. The purchase will help Danone pursue affluent consumers by adding WhiteWave's popular health food offerings such as Silk almond milk, Earthbound Farm organic salad and Horizon organic milk to its lineup... [Read more]
Laptop in wreckage of Tesla Autopilot car: Florida investigators
Neither the laptop nor a DVD player also found in the vehicle was running after the crash, said Sergeant Kim Montes of the Florida Highway Patrol. Montes said investigators could not determine whether the driver was operating either at the time of the accident. Read the original post: Laptop in wreckage of Tesla Autopilot car: Florida investigators Read More →
Tesla told regulators about Autopilot crash nine days after accident
By Alexandria Sage and Paul Lienert SAN FRANCISCO/DETROIT (Reuters) – Tesla Motors alerted regulators to a fatality in one of its electric cars in partial self-driving Autopilot mode nine days after it crashed, the company said on Tuesday, … More: Tesla told regulators about Autopilot crash nine days after accident Read More →
Global investment banks have slowest first half since 2012
By Anjuli Davies LONDON (Reuters) – Global investment banking fees fell by nearly a quarter in the first half of 2016 from a year earlier as market volatility hit capital markets and M&A deal making, Thomson Reuters data published on Monday showed. Global fees for services ranging from merger and acquisitions advisory services to… View original here: Global investment banks have... [Read more]
Fed’s Fischer watching how quickly Brexit unfolds: CNBC
The U.S. economy has shown signs of improvement in recent weeks but the Federal Reserve expects it will take some time before it can assess the impact of Britain's vote to leave the European Union, Fed Vice Chair Stanley Fischer said on Friday. A June 3 report showing a sharp slowdown in hiring during May and the risks around… Read more here: Fed’s Fischer watching how quickly Brexit... [Read more]
Apple fires back at Spotify over music streaming claims
SAN FRANCISCO/STOCKHOLM (Reuters) – Apple Inc fought back on Friday against Spotify's claims that the U.S. tech giant had hampered competition in music streaming by rejecting an update to the Swedish service's iPhone app. The two companies have gone head to head in the battle… Here is the original: Apple fires back at Spotify over music streaming claims Read More →
Tesla crash raises concerns about autonomous vehicle regulation
The fatal crash of a Tesla Motors Inc Model S in Autopilot mode has turned up pressure on auto industry executives and regulators to ensure that automated driving technology is deployed safely. Shares of Tesla and Mobileye NV, the maker of the camera vision system used in the Model S, rose on Friday as analysts said the accident was likely a short-term setback. On Friday, the U.S. National Highway... [Read more]
GE’s finance unit sheds its ‘too big to fail’ designation
The move by the Financial Stability Oversight Council was the first time a non-banking firm has been freed from the designation, a product of the financial crash that can trigger stricter oversight and requirements to hold more capital. It was a big victory for GE … See original here: GE’s finance unit sheds its ‘too big to fail’ designation Read More →
Pfizer to invest $350 million in China biotech hub, first in Asia
Pfizer Inc will invest $350 million to build a biotech center in China, the latest in a series of moves by pharma industry giants to set up shop in the world's no. 2 drugs market with the aim of securing faster approvals for their products. The facility in eastern Hangzhou region – Pfizer's first biotech center in Asia – is expected to be completed by 2018, the firm said in a... [Read more]