Markets
Elon Musk Expects Tesla Valuation to Reach $1 Trillion with SolarCity Deal
Elon Musk, the chief executive officer of Tesla Motors (NASDAQ:TSLA) said the valuation of the electric car manufacturer could reach as much as $1 trillion, which will be driven by its proposed acquisition of...
Markets
Tesla Motors (TSLA) Offers to Acquire SolarCity (SCTY)
Tesla Motors (NASDAQ:TSLA) offered to acquire all of the outstanding shares of SolarCity (NASDAQ:SCTY) in exchange for its common shares. A regulatory filing with the Securities and Exchange Commission (SEC) indicated that electric car manufacturer...
Markets
Samsung to Invest $1.2B in Human-Centered Internet of Things
Samsung Electronics (KRX:005930) announced its plan to invest $1.2 billion in R&D in the United States over the next four years as part of its vision for Human-Centered Internet of Thing (IoT).
The South Korean...
Markets
Stock Markets Surge as the Possibility of Brexit Subsides
The stock markets in the United States and other countries across the globe surged on Monday, driven by the fact that the possibility of Britain exiting (Brexit) the European Union subsided.
The Dow Jones Industrial...
Markets
Warren Buffett’s Berkshire Paid $99.49 per Share for Apple Stake
Berkshire Hathaway (NYSE:BRK.A) (NYSE:BRK.B), the multinational conglomerate controlled by Warren Buffett, acquired its stake in Apple Inc. (NASDAQ:AAPL) for $99.49 per share based on its regulatory filing.
Berkshire announced its investment in Apple in May,...
Markets
Bank of America (BAC) to Cut Thousands of Jobs at Consumer Banking Unit
Bank of America (NYSE:BAC) is planning to eliminate thousands of jobs at its consumer banking unit as part of its initiative to increase its revenue. The job cuts are coming while the bank also continues...
Markets
Twitter Shares Soar after Microsoft Agrees to Buy LinkedIn
The stock price of Twitter Inc (NYSE:TWTR) increased as much as $15.30 per share in the early trading today following the report that Microsoft Corporation (NASDAQ:MSFT) agreed to acquire LinkedIn Corporation (NYSE:LNKD) for $26.2...
Markets
Tesla Motors (TSLA): No Safety Defects in Model S, Model X Suspensions
Tesla Motors (NASDAQ:TSLA) made it clear that there is no safety defects in the suspensions of its Model S and Model X vehicles, in a statement released on Friday.
The electric car manufacturer also clarified...
