September 26, 2013 9:04 am
Car manufacturers are competing with technology companies for the global innovation industry, boosting research spending to build greener, smarter and more connected cars. Emission curbs, efficiency rules, the rise of the connected car and increased competition from non-traditional rivals such as Tesla and Google are all forcing automotive engineers into the labs and sending research […]
Read moreSeptember 26, 2013 7:47 am
Peugeot Citroën offered to boost French factory production and put off any plant closures until at least 2016, as labor cuts negotiations aimed at diminishing costs in the auto makers home market. Struggling from declining automobile sales and market share in Europe, the unprofitable company said on Wednesday it is prepared to increase its French […]
Read moreSeptember 26, 2013 6:40 am
U.S. stocks fell, giving the Standard & Poor’s 500 Index its longest slump this year, as Wal-Mart Stores Inc. retreated before GDP and jobless claims data is issued today. The S&P 500 fell 0.3% to 1,692.77 at 4 p.m. in New York, its fifth straight losing session. The Dow Jones Industrial Average, which includes Wal-Mart, […]
Read moreSeptember 25, 2013 12:39 pm
Samsung Electronics decided to improve Phablets, a cross between a phone and a tablet, have been on a roll since late 2011 as tech interested consumers, particularly in Asia, devote more time browsing data-heavy Web pages and downloading media content. Even Samsungs flagship Galaxy S4 smartphone, released in April this year, has a 5-inch screen […]
Read moreSeptember 25, 2013 11:15 am
U.S. stock-index futures were almost unchanged, after the Standard & Poor’s 500 Index dropped for four days, amid concern lawmakers will fail to reach a budget deal. A Commerce Department report at 8:30 a.m. Washington time may show that durable goods, excluding the volatile transportation category, rose 1% in August after falling 0.8% the previous […]
Read moreSeptember 25, 2013 9:03 am
Elon Musk is an engineer and entrepreneur who builds and operates companies to solve environmental, social and economic challenges. He co-founded PayPal and currently drives strategy, development and design at two companies he created, Space Exploration Technologies (SpaceX) and Tesla Motors, and oversees a third company, SolarCity, which he co-founded. The CEO is even believed […]
Read moreSeptember 25, 2013 7:29 am
Applied Materials agreed on Tuesday to merge with Tokyo Electron , a deal that’ll create a giant producer of semiconductor and flat-panel manufacturing equipment. The market for tools to manufacture chips is subject to the boom and bust of the technology sector. Demand for products is slowing as PC sales slide and most companies are […]
Read moreSeptember 25, 2013 6:35 am
U.S. stocks ended mostly lower, with blue chips suffering a fourth-straight loss, as a late slide in the financial sector and uncertainties over budget discussions weighed on sentiment. The Standard & Poor’s 500 Index fell 0.3% to 1,697.42 at 4 p.m. in New York. The Dow Jones Industrial Average lost 66.79 points, or 0.4%, to […]
Read moreSeptember 24, 2013 8:37 am
BlackBerry has agreed to be bought by a consortium of Canadian investment companies for $4.7 billion in cash and taken private, in a last resort move to ensure the survival of one of the pioneers of the global smartphone industry. Once called CrackBerry the smartphone manufacturer was widely and compulsively used by the world’s business […]
Read moreSeptember 24, 2013 7:31 am
Chrysler Group was forced to file paperwork for an IPO by its second-biggest shareholder on Monday, escalating a discussion with main owner Fiat which said it could scale back its commitment to the U.S. automaker. Fiat, which owns 58.5% of Chrysler, wants to take full control and buy out the rest of the stock owned […]
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