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HONG KONG (Reuters) – Two electric vehicle-sharing platforms backed by powerful Chinese carmakers plan to seek external funding totaling almost $730 million to fuel their growth, people with direct knowledge of the plans said. Men look at an electric vehicle of Caocao Zhuanche, a chauffeur ride-hailing platform backed by Zhejiang Geely Holding Group, at a […]
(Reuters) – Tesla Inc (TSLA.O) Chief Executive Elon Musk said on Monday he was in discussions with Saudi Arabia’s sovereign wealth fund and other potential backers of his plan to take the electric car-maker private, but said financing was not yet nailed down. Musk’s disclosure, made in a blog post on Tesla’s website, comes six […]
BEIJING (Reuters) – China’s three largest video sites iQiyi Inc, Youku and Tencent Video have pledged to cap actors’ pay, as authorities ramp up their tax-evasion investigation into the country’s $8.6 billion film industry. The logo for Chinese streaming platform iQiyi Inc., is displayed on a screen during the company’s initial public offering (IPO) at […]
It’s tempting to think of fax machines as a relic, every bit as relevant as an eight-track tape. But fields like health care and government still rely on faxes every day. Even your all-in-one printer probably has a fax component. And new research shows that vulnerabilities in that very old tech could expose entire corporate […]
Seattleites got a serious scare on Friday evening when an airport employee stole a large turboprop airplane owned by the Alaska Air Group from the area’s Seattle-Tacoma International Airport, and took it for an unauthorized flight. The incident ended when the empty 76-seater Q400 Bombardier airplane crashed on a small island 25 miles to the […]
The mega-cap stocks that dominate the US markets are just finishing another monster earnings season. It wasn’t just profits that soared under Republicans’ big corporate tax cuts, but sales surged too. That’s no mean feat for massive mature companies, but sustained growth at this torrid pace is impossible. So peak-earnings fears continue to mount while […]
That’s a question each person must wrestle with given their own opportunities and interests, but now there’s a new study reporting that what is learned in MBA programs really affects corporate decisions and directions. A report published Aug. 8 in the Harvard Business Review explores the question of whether or not business-school education really lasts after students have […]
Matt Linton, a senior software engineer at Google, says he was asked to leave Caesars Palace hotel in Las Vegas Thursday night after a tweet about hacking was reported to the Las Vegas Metropolitan Police Department. The police have confirmed that Linton is not considered a threat, but until Friday afternoon the engineer said he […]