In one of the most drastic measures yet by the energy-rich kingdom to save money at a time of low oil prices, Saudi Arabia will cut ministers’ salaries by 20 percent and scale back financial perks for public sector employees…. Read More ›
Day: September 27, 2016
Post Brexit Vote, New Europe Unit Mulled by Wells Fargo
Before taking steps to ease the impact on its business, Wells Fargo & Co. won’t wait for the U.K. to formally trigger an exit from the European Union. Frank Pizzo, president for Europe, the Middle East and Africa, said in… Read More ›
Tesla settles with Hoerbiger over Tesla Model X’s falcon doors
There is more to the lawsuit that meets the eye: in May this year, during the first quarter results conference, Musk claimed to not know of Hoerbiger when asked by Reuters. As per available court records, Tesla Motors Co. and… Read More ›
Cogenra Solar & Khosla Ventures sue SolarCity for intellectual property theft
This is yet another hurdle in Tesla Motor’s path on its stated plans of acquiring SolarCity. Embattled SolarCity is facing a new battle: it has now been accused by Cogenra Solar Inc., owned by SunPower Corporation and Khosla Ventures of… Read More ›
Renault & Nissan partner with Microsoft for tomorrow’s self-driving cars
Microsoft brings its Azure driven cloud computing prowess to the table of this alliance. Renault SA’s alliance with Japan’s Nissan Motor Co has got a new partner in Microsoft Corp. Its expertise in cloud-based services will help the car manufacturers… Read More ›
