In picking Microsoft’s cloud, Volkswagen shows that even carmakers have some fear of Amazon

Microsoft has plenty of experience in the auto industry, beyond Volkswagen. The company has highlighted Aston Martin, Honda, Mazda and the Renault-Nissan Alliance as Azure customers, and Nadella said in a 2016 interview with the Wall Street Journal that Daimler, BMW, Ford and Toyota are "significant customers of ours." "I'm very thrilled about all the…

Tesla and Elon Musk face many legal fights beyond the SEC

Analysis by legal research firm Plainsite found at least 38 securities actions filed against Tesla or Elon Musk (or both) since 2010, the year the company went public. Plainsite – which founder Aaron Greenspan describes as a "legal transparency initiative" – scans public records across the US legal system to document the volume and types…
Tesla just unveiled the Model Y, its new crossover SUV

Tesla just unveiled the Model Y, its new crossover SUV

In the past, Tesla missed its part-sharing goals, production and sales targets. Its Model X was supposed to share a majority of its parts with Tesla's Model S, but it only wound up sharing around 30 percent after Musk originally planned for 60 percent. Pricing of the Model Y is a key consideration for investors.…

Biotech’s shares tumble after it says SEC is looking into possible manipulation

A biotech company that makes a product to repair skin loss said Monday it is under investigation by the Securities and Exchange Commission, which sent a subpoena earlier this month and opened an investigation into its public disclosures and ownership. Shares of Salt Lake City-based PolarityTE closed down more than 15 percent on the disclosure.…

Deutsche Bank and Commerzbank go public on merger talks

While the banks had not publicly commented on merger talks until Sunday, German Finance Minister Olaf Scholz last Monday confirmed that there are negotiations. On Thursday, the supervisory boards of both banks are scheduled to hold long-planned meetings, four people with knowledge of the matter told Reuters. The status of merger negotiations is expected to…
Boeing shares rise on report 737 Max fix could be sooner than expected

Boeing shares rise on report 737 Max fix could be sooner than expected

Shares of Boeing rebounded Friday after a report that the plane manufacturer plans to roll out a software upgrade for its 737 Max aircraft in the coming weeks. The report from Agence France-Presse, citing sources, comes after the U.S. grounded all Boeing 737 Max jets this week. The software upgrade is expected to roll out…
Asian private equity investors have had a good ride, but challenges are increasing

Asian private equity investors have had a good ride, but challenges are increasing

The report also highlighted risks emanating from China's surging internet and technology sector, often referred to as its new economy. Bain said that average deal size in that sector increased to $213 million last year, from $30 million in 2013. "The huge volume of private equity and venture capital flowing into China's new economy has…
Amazon is introducing private investors to high-risk start-ups in a new pilot program

Amazon is introducing private investors to high-risk start-ups in a new pilot program

David Paul Morris | Bloomberg | Getty Images Andy Jassy, chief executive officer of web services at Amazon.com Inc., speaks during the Amazon Web Services (AWS) Summit in San Francisco, California, U.S., on Wednesday, April 19, 2017. Amazon is testing a new way to bolster its relationship with start-ups and possibly bring in more capital…
Reports of a possible halt in US-North Korea talks send defense stocks soaring

Reports of a possible halt in US-North Korea talks send defense stocks soaring

Saul Loeb | AFP | Getty Images U.S. President Donald Trump walks with North Korean leader Kim Jong Un during a break in talks at the U.S.-North Korea summit in Hanoi on February 28, 2019. Defense-related stocks listed in South Korea and Japan surged by more than 20 percent on Friday following reports that North…

After two fatal Boeing plane crashes, the world turned on the US

Some pilots said they did not know the MCAS system existed until after the Lion Air crash. "It blew us away. It absolutely shocked us," said Dennis Tajer, an American Airlines Boeing 737 pilot an a spokesman for the airline's union, the Allied Pilots Association. Switching from previous models of the 737 to the 737…

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