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As China Sees First Tesla Autopilot Crash, 'Self-Driving' in Spotlight Again

While the driver of a car in China that crashed contended that the sales staff sold the function as 'self-driving', overplaying its actual capabilities, Tesla said on Wednesday that one of its cars had crashed in Beijing while in 'autopilot' mode.   Data from the autopilot mode, a system...

Drug Trial Failure Results in Plunge for Bristol-Myers Partner Ono's Stocks

A lung cancer trial that would have been the basis for widely expanding use of the treatment being conducted by Bristol-Myers Squibb Co. failed which resulted in the fall of Ono Pharmaceutical Co. plunged in Japan trading, the partner in the development of the drug, after the announcement of the...

U.S. Judge Rules that a $1 Billion MF Global Malpractice Lawsuit Must be Faced by PwC

PricewaterhouseCoopers' bid to dismiss a $1 billion lawsuit where it was alleged that the October 2011 bankruptcy of MF Global Holdings Ltd was helped by the professional malpractice of the global accounting firm, was rejected by a federal judge.   MF Global Holdings Ltd is a brokerage firm...

$275 million Raised by Deliveroo for Food Delivery Expansion

In a fund raising round that involved early investors in Facebook and Airbnb, Food delivery start-up Deliveroo has managed to raise $275 million as the company seeks to venture into more new markets with its service.   While General Catalyst, which counts Airbnb and Snapchat among its...

Clickbait on Facebbok Faces Down Upon

To reduce the amount of clickbait that users see, Facebook is changing its News Feed algorithm in an attempt to flex its publishing muscles.   Media companies will now have to comply with the site's editorial values or face a fall-off in social media referrals as they become increasingly...

Apple’s Patent Fight with Samsung Makes Designers Come Out in favor of the Former

A group of design industry professionals told the U.S. Supreme Court that the design and look of the iPhone is distinctive which drives people to purchase it and hence Apple Inc deserved the hundreds of millions of dollars in damages from Samsung Electronics Co Ltd that the latter paid for...

Britain’s Plan to Delay $24 Billion Nuclear Deal was Known to EDF Boss: Reuters

In a letter to top executives of the company, before the French utility company EDF’s board voted to approve the investment, its Chief Executive Jean-Bernard Levy knew the British government wanted to take more time to review the Hinkley Point nuclear contract, reports Reuters.   Reuters...

Trump Taj Mahal casino in Atlantic City to be Closed Down by Icahn

The Trump Taj Mahal is about to go the way of the Colossus of Rhodes, which was billed as the “eighth wonder of the world” when it opened a quarter-century ago. The Trump Taj Mahal casino, owned by Carl Icahn, on the glitziest stretch of the Jersey shore was announced to be closed own after...

Emerson Electric to sell businesses for $5.2 billion

As Emerson Electric Co focuses on its high-growth business, the maker of factory automation equipment, said it would sell two units for a total of $5.2 billion.   While Japan's Nidec Corp would buy Emerson’s motors and electric power division for $1.2 billion, the company said on Tuesday...

Tesla, SolarCity Shares Drop as $2.6 billion Offer to Buy Sister Firm made by Tesla

Shares of Tesla Motors Inc as well as SolarCity Corp saw a drop is prices after the announcement of SolarCity Corp agreeing to be acquired by sister company Tesla Motors Inc. The deal that had been talked about and pushed by Tesla owner Elon Musk for a couple of months now, is worth $200 million...

Teva, Allergan Generics Deal Gets U.S. Antitrust Approval

The U.S. Federal Trade Commission said that it has given the approval for the purchase of Allergan Plc's generics business by Teva Pharmaceutical Industries Ltd. However the approval came with a number of conditions for Teva Pharmaceutical Industries Ltd, the prime among them being the agreement to...

Yahoo investors Bet on a Stub After its Core Business Sale to Verizon

After Monday's deal to sell Yahoo’s core internet assets to Verizon Communications Inc. the former’s shareholders may be left betting on how quickly, if at all, the former web pioneer can cash in on its multi-billion dollar stakes in two Asian peers.   Its 35.5 percent stake in joint venture...
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