Tesla CEO Elon Musk is confident that the Model S vehicle would soon be cleared and deemed safe by federal investigators. He isn't expecting a recall and said Tesla engineers are not currently working on any fixes for the vehicles and has instead amended its warranty to cover fire loss in crashes.
Sectors
TPG sees many opportunities in health-care cost containment
TPG Capital believes there are still many opportunities can still be found in the cost-saving goal of the country's current health-care reform, as stated by a principal at the megafirm.
Delayed Sprouts stock offering to push through next week
Observers said the delay in Sprout Farmers Market Inc's stock offering is a rare occurrence, but the said plan is expected to push through next week.
CastleRock Communities, SolarCity join hands to offer solar power in Texas communities
Buyers of new homes in CastleRock Communities would be having the choice of equipping their homes with solar power with the agreement signed by the homebuilder and solar power provider SolarCity.
Aker Solutions exits well intervention business, EQT Partners to take over
Norway's Aker Solutions ASA on Friday announced that it will divest its well intervention business to Swedish private equity firm EQT Partners. The transaction is worth USD654.31 million, including debt.
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AT&T, Verizon Communications, and even tech companies like Google, Microsoft and Yahoo had been pushing for the US government to allow them to publish surveillance orders to appease shareholders in light of the revelations by NSA whistleblower Edward Snowden.
Chinese real estate developer Sichuan Xinglida Group Enterprises Co bought the Torrance Marriott hotel in South Bay, California for USD74 million, according real estate broker John Strauss.
NBC Universal is close to getting a minority stake in a new company being formed by technology journalists Walt Mossberg and Kara Swisher whom runs AllThingsD from sources whom are familiar with the situation.
Microsoft Corp. is set to secure a European Union (EU) approval for its proposed USD7.3 billion takeover of Nokia's mobile phone business. Regulators from various countries had already given the green light to the deal.
The Japanese Ministry of Health, Labor and Welfare approved EYLEA (aflibercept) Injection to treat macular edema following Central Retinal Vein Occlusion, expanding Regeneron Pharmaceuticals Inc's reach in the Asian market.
Zanox, a performance advertising network has purchased Hamburg, Germany-based performance display provider Metrigo for an undisclosed sum. Originally, Metrigo was a portfolio company of Berlin-based company builder Project A Ventures.
US-based education startup Coursera added another USD20 million to its USD43 million Series B funding, bringing in a total of USD63 million for the round.
New York's Sycamore Partners LLC is nearing a deal to acquire apparel retailer Jones Group Inc. The private equity firm is reportedly offering a price of USD16 per share, totaling the size of the deal to USD1.3 billion.
As far as investors go, there are two sides to the Bitcoin - to bet or not to bet in the digital currency. Joe Light, in his Wall Street Journal report, provided these two sides.
