Tesla's unfettered ambition to strain finances but investors unfazed

(Reuters) - Investors shrugged off any concern over Tesla Inc over-stretching its production and financial resources with the unveiling of new futuristic semi-trucks and a pricey sports car, pushing its shares up almost 4 percent on Friday. The Tesla Roadster 2. Tesla/via REUTERS Chief Executive Elo...

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Fork talk lifts bitcoin to all-time high near $8,000

LONDON (Reuters) - Bitcoin hit an all-time high just below $8,000 (£6,060) on Friday, on talk that a software upgrade whose suspension sent the cryptocurrency into a tailspin at the end of last week was, after all, going ahead within hours. Bitcoin (virtual currency) coins placed on Dollar ban...

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Metal recyclers prepare for electric car revolution

LONDON (Reuters) - Recycling companies are honing processes to extract metals from old batteries more cheaply and efficiently so they can capitalize on an expected shortfall in materials such as cobalt and lithium when sales of electric cars take off. Pyrolised Lithium-ion accus of laptops, smartpho...

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Wireless carriers on mute as Supreme Court hears big privacy case

WASHINGTON (Reuters) - The U.S. Supreme Court is set to consider a major cellphone privacy case later this month, but leading players in the wireless industry that is at the center of the closely watched dispute are keeping their distance. FILE PHOTO: A woman uses her phone to photograph One World T...

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Jaguar Land Rover tests first driverless vehicle on public roads

LONDON (Reuters) - Britain’s biggest automaker, Jaguar Land Rover (JLR), has tested its first driverless car on public roads, it said on Friday, as carmakers race against each other and tech firms to tap into new technologies. Signs are seen outside the Jaguar Land Rover plant at Halewood in L...

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SAP sees margins flattening out in fourth quarter: CFO

BARCELONA (Reuters) - Business software company SAP sees the potential for profit margins to hit bottom during the fourth quarter after three years of declines, with improving profits to begin to show up in 2018, Chief Financial Officer Luka Mucic said on Friday. FILE PHOTO: SAP logo at SAP headquar...

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New $200,000 Tesla Roadster speeds in front of electric big-rig truck

HAWTHORNE, Calif. (Reuters) - Tesla Inc (TSLA.O) upstaged its own debut of an electric heavy duty truck when a red Roadster pulled out of the big rig’s trailer and Chief Executive Elon Musk said the new $200,000 sports car would be the fastest production car ever. Tesla's new electric semi tru...

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Tesla unveils electric big-rig truck, sporty Roadster

HAWTHORNE, Calif. (Reuters) - Tesla Inc (TSLA.O) on Thursday unveiled a prototype electric big-rig truck that it will start producing in 2019, throwing itself into a new market even as it struggles to roll out an affordable sedan on which the company’s future depends. Tesla CEO Elon Musk shows...

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Tesla unveils electric big-rig truck in midst of Model 3 factory 'hell'

HAWTHORNE, Calif. (Reuters) - Tesla Inc on Thursday unveiled a prototype electric big-rig truck, throwing itself into a new market even as it struggles to roll out an affordable sedan on which the company’s future depends. A Tesla car showroom is seen in west London, Britain, March 21, 2017. R...

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Toshiba says not in talks to with any company over PC unit sale

TOKYO (Reuters) - Toshiba Corp said on Friday it had not entered into talks with any company to sell its personal computer business, denying media reports that it was in negotiations to sell the unit to Taiwan’s Asustek Computer Inc. FILE PHOTO: A logo of Toshiba Corp is seen outside an electr...

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Toshiba says not considering separate investment in chip unit by Bain group member

TOKYO (Reuters) - Toshiba Corp said on Friday it was not considering accepting any separate investment in its memory chip unit by a member of a Bain Capital-led consortium that has agreed to buy the prized business for $18 billion. FILE PHOTO: A logo of Toshiba Corp is seen outside an electronics re...

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Chip gear maker Applied Materials posts strong results, forecast

(Reuters) - Applied Materials Inc reported better-than-expected quarterly results and gave a strong current-quarter forecast as the world’s largest supplier of tools to make semiconductors enjoys strong demand in its chip and display businesses. The company’s shares were up about 1 perce...

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Toshiba in talks to sell PC operations to Asus: Nikkei‍​

(Reuters) - Japanese conglomerate Toshiba Corp has entered into negotiations to sell its personal computer operations to Taiwan’s Asustek Computer Inc, the Nikkei reported on Friday. FILE PHOTO: The logo of Toshiba Corp is seen as window cleaners work on the company's headquarters in Tokyo, Ja...

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FCC approves TV technology that gives better pictures but less privacy

WASHINGTON (Reuters) - The U.S. Federal Communications Commission voted 3-2 on Thursday to allow broadcasters to voluntarily use a new technology to improve picture quality and allow better reception on mobile phones and give advertisers dramatically more data about viewing habits. Thanksgiving Day ...

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Traditional banks should help govern fintech: Fed's Brainard

WASHINGTON (Reuters) - Traditional lenders should demand that online financial companies protect consumer privacy and money interests, Federal Reserve Governor Lael Brainard said on Thursday. Federal Reserve Board Governor Lael Brainard speaks at the John F. Kennedy School of Government at Harvard U...

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U.S. regulator votes to loosen media ownership rules

WASHINGTON (Reuters) - The U.S. Federal Communications Commission on Thursday voted to remove key roadblocks to increased consolidation among media companies, potentially unleashing new deals among TV, radio and newspaper owners as they seek to better compete with online media. A couple of people ri...

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Qualcomm could win EU approval for NXP by end of year: Bloomberg

(Reuters) - U.S. smartphone chipmaker Qualcomm Inc (QCOM.O) may win European Union approval for its bid to acquire NXP Semiconductors NV (NXPI.O) by the end of the year, Bloomberg reported on Thursday, citing people familiar with the matter. One of many Qualcomm buildings is shown in San Diego, Cali...

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Momentum builds in U.S. for disclaimers on internet election ads

(Reuters) - U.S. regulators on Thursday kicked off a process that could result in mandatory disclaimers on election ads that appear on social media, a reaction to anonymous, Russia-linked ads on sites such as Facebook ahead of the 2016 U.S. elections. A 3D-printed Facebook logo is displayed in front...

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FCC votes to loosen media ownership rules

WASHINGTON (Reuters) - The U.S. Federal Communications Commission on Thursday voted to undo key roadblocks to increased consolidation among media companies, potentially unleashing new deals among TV, radio and newspaper owners as they seek to better compete with online media. The Republican-led FCC ...

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ECB's Nowotny says central banks considering cryptocurrency regulation

FLORENCE, Italy (Reuters) - European Central Bank governing council member Ewald Nowotny said on Thursday that legislators and central bankers are discussing whether they should intervene to regulate cryptocurrencies as China already has done. European Central Bank (ECB) Governing Council member and...

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