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Collaboration on Solar Manufacturing between Tesla and Panasonic

To manufacture solar cells and panels at a New York factory, Elon Musk's Tesla Motors would collaborate with its longstanding battery partner, Japan's Panasonic Corp, the car maker said.   The electric car maker said in a statement issued late on Sunday that the  agreement, a...

With New Music Streaming Service, Amazon Challenges Apple and Spotify

Accelerating the industry trend toward more flexible pricing after years of sticking to $9.99 subscriptions, Amazon.com Inc launched a full-fledged music streaming service with subscriptions as low as $3.99 per month for owners of its Amazon Echo speaker.   Similar to Spotify and Apple...

Ericsson Profits Plunge 94 Percent Deepening its Crisis

Tumbling sales at Ericsson’s core networks division and a 94 percent plunge in quarterly operating profit deepened the crisis at the world's biggest maker of mobile network equipment. The company reported the profit plunge percentage on Wednesday.   After the Swedish company missed analysts'...

Ford's Australian Manufacturing Business Comes to an End

Marking the end of Ford's 91-year history of car-making in a country that simultaneously fell out of love with big cars and manufacturing, the last Australian-made six-cylinder Ford Falcon rolled off an assembly line earlier last week end.   A move by the famed car company to close in Japan...

Kidman cattle Empire Agreed to be Bought by Gina Rinehart and China's Shanghai CRED

S. Kidman & Co, Australia’s largest private land holding, would be bought over jointly by Australia’s richest woman Gina Rinehart and Chinese developer Shanghai CRED. The two entities have agreed on a deal to jointly make the purchase, the companies said on Sunday.   A new joint venture...

EpiPen Medicaid Rebate Dispute to be Settled by Mylan for $465 Million

The EpiPen emergency allergy treatment of Mylan NV has come under intense scrutiny after a series of drastic price increases and the company said on Friday that it will pay $465 million to settle questions of whether it underpaid U.S. government healthcare programs by misclassifying its EpiPen...

Qatar Could Buy more Deutsche Shares and Not Sell: Reuters

If the embattled German bank, Deutsche Bank, decides to raise capital Qatari investors who own the largest stake in Deutsche Bank do not plan to sell their shares and could consider buying more, reported Reuters.   Qatar controlled funds increased their stake to just under 10 percent,...

Foreign Spy Law Authorized Yahoo Email Scan: Reuters

U.S. government officials were quoted by the media saying that authority under a foreign intelligence law was given to a Yahoo operation in 2015 to scan the incoming email of its customers for specific information identified by the U.S. government.   Reuters had reported that in response to...

Limiting Damage from Smartphone Recall too Tough for Samsung to Handle

Samsung Electronics is still desperately trying to limit the damage of a record global recall announced more than a month ago with heated meetings, sacrificed holidays and teams monitoring social media round-the-clock to track whether there have been any new smartphone fires.   In major...

New Hardware Push by Google Aims to Take on Apple

Planting itself firmly in the hardware business and challenging Apple Inc's iPhone at the high end of the $400 billion global smartphone market, Alphabet Inc's Google on Tuesday announced a new "Pixel" smartphone and a suite of new consumer electronics products for the home.   In what is the...

Hardware, ‘Advanced’ Tech to be Developed at Apple’s New $45 million Research Hub In China

Amidst the efforts by Apple Inc to reverse declining sales in the country, the U.S. tech giant is making a huge investment in research and development in China, its first ever in the second largest economy of the world.   The company would invest 300 million yuan ($45 million) in a research...

Partnering with Deloitte, Apple Deepens its Enterprise Push

As Apple Inc.’s latest attempt to boost enterprise sales as its key product, the iPhone, shows signs of maturation, Deloitte LLP will open a new practice to help corporate clients work with Apple products.   The two companies announced a partnership on Wednesday to this effect.   The...
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