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Tesla to buy Germany-based Grohmann Engineering

November 8, 2016 by · Leave a Comment 

(Reuters) – Electric car maker Tesla Motors Inc said on Tuesday it would buy Germany-based Grohmann Engineering to improve its automated manufacturing systems.

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Tesla to buy Germany-based Grohmann Engineering

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WHY IT MATTERS: Energy

October 20, 2016 by · Leave a Comment 

The issue:

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WHY IT MATTERS: Energy

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AmEx raises 2016 profit forecast; shares up 5.8 percent

October 20, 2016 by · Leave a Comment 

American Express Co raised its 2016 adjusted earnings forecast and reported better-than-expected third-quarter revenue on Wednesday, sending its shares up 5.8 percent in extended trading. The credit card issuer, which has historically catered to upscale consumers, said it plans to increase spending on digital marketing, a strategy that helped it add 1.7 million new card members in the United States this quarter and expand globally. Analysts on …

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AmEx raises 2016 profit forecast; shares up 5.8 percent

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Fed moves to quell charges of opacity, lack of diversity

October 20, 2016 by · Leave a Comment 

The Federal Reserve has rolled out a series of announcements, online forums and meetings with Americans this year in response to outspoken civic groups and many Democrats, including Hillary Clinton, calling for …

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Fed moves to quell charges of opacity, lack of diversity

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Tesla says self-driving hardware to be built into all its cars

October 20, 2016 by · Leave a Comment 

By Alexandria Sage SAN FRANCISCO (Reuters) – Chief Executive Elon Musk said on Wednesday all new Tesla Motors Inc models will come with hardware to enable them to be fully self-driving, as the Silicon Valley electric car company bids to be the first among many rivals to…

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Tesla says self-driving hardware to be built into all its cars

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Shell faces possible Dutch lawsuit over Nigerian activist’s execution

October 16, 2016 by · Leave a Comment 

The widow of a Nigerian activist is planning to sue Royal Dutch Shell in the Dutch courts alleging the oil company was complicit in the execution of her husband by the Nigerian military in 1995, court documents filed in the United States last week show. Esther Kiobel has filed an application in New York to secure documents from Shell’s U.S. lawyers…

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Shell faces possible Dutch lawsuit over Nigerian activist’s execution

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Watchdog says about 15 Swiss banks in money laundering ‘red zone’: SonntagsZeitung

October 16, 2016 by · Leave a Comment 

Roughly 15 Swiss banks are in a “red zone” of lenders particularly exposed to money laundering risks, the head of Swiss banking watchdog FINMA said in a newspaper interview published on Sunday. Swiss federal prosecutors …

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Watchdog says about 15 Swiss banks in money laundering ‘red zone’: SonntagsZeitung

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Germany says Tesla should not use ‘Autopilot’ in advertising

October 16, 2016 by · Leave a Comment 

German Transport Minister Alexander Dobrindt has asked Tesla to stop advertising its electric vehicles as having an Autopilot function as this might suggest drivers' attention is not needed, his ministry said on Sunday. A spokeswoman for the ministry, confirming a report in the daily Bild am Sonntag (BamS), said the Federal Motor Transport Authority (KBA) had written to Tesla to make the request. “It can be confirmed that a letter …

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Germany says Tesla should not use ‘Autopilot’ in advertising

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Tesla says it is investigating cause of fatal China crash

September 14, 2016 by · Leave a Comment 

China's CCTV on Wednesday reported 23-year-old Gao Yaning died in January after crashing into the back of a road sweeping vehicle while driving a Tesla car on a highway in the northeastern province of Hebei. Gao's family filed the lawsuit in a Beijing court in July against Tesla and the Beijing-based dealer who had sold Gao the car.

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Tesla says it is investigating cause of fatal China crash

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Tesla says it is investigating cause of fatal China crash

September 14, 2016 by · Leave a Comment 

China's CCTV on Wednesday reported 23-year-old Gao Yaning died in January after crashing into the back of a road sweeping vehicle while driving a Tesla car on a highway in the northeastern province of Hebei.

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Tesla says it is investigating cause of fatal China crash

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