Volkswagen accelerates push into electric cars with $40 billion spending plan
WOLFSBURG/HAMBURG (Reuters) – Volkswagen approved a 34 billion euro ($40 bln) spending plan on Friday that accelerates its efforts to become a global leader in electric cars.
Tesla’s unfettered ambition will drain finances: analysts
(Reuters) – Tesla Inc may have to ask creditors and shareholders for more capital to fund development of an electric semi truck, a new roadster and accelerated production of a high-volume electric sedan, analysts said on Friday.
Nearly 2,000 Siemens employees protest against job cuts
BERLIN (Reuters) – Siemens employees protested in various German cities on Friday against the company’s proposal to cut 6,900 jobs, which a senior Siemens official said could be revised after negotiations with the union.
Reuters poll: Major U.S. tax cuts not likely this year – economists
BENGALURU (Reuters) – U.S. Republicans are not expected to push major tax cuts through Congress this year, according to a majority of economists in a Reuters poll, who in any case were skeptical that the legislation would provide a significant boost to…
Apple pushes launch of HomePod smart speaker to early 2018
SAN FRANCISCO (Reuters) – Apple Inc has pushed the launch of its HomePod smart speaker to early next year from December, the company said on Friday, missing the holiday shopping season as the market for such devices becomes increasingly competitive.
Wall Street slips on doubts about tax plan’s progress
(Reuters) – Wall Street’s main indexes were on track to post small weekly losses on Friday as investors were skeptical about the Republicans’ efforts to pass the tax bill.
Fox shares rise on signs of more takeover interest
(Reuters) – Twenty-First Century Fox Inc shares were up 3 percent in trading on Friday after sources said both Comcast Corp and Verizon Communications Inc were interested in buying parts of its studio and TV operations.
Tesla’s unfettered ambition to drain finances: analysts
(Reuters) – Tesla Inc will face further questions about how fast it is burning through its cash pile and how soon it will have to ask creditors and shareholders for more after it unveiled its latest electric vehicles.
Exclusive: Toshiba set to OK $5 billion injection Monday to stay listed-sources
TOKYO (Reuters) – Toshiba Corp will decide on Monday to raise some $5 billion from overseas investors, allowing the troubled conglomerate to remain a publicly traded company even if the sale of a key business is delayed, two people with direct knowled…
Broadcom closes $5.5 billion Brocade deal
(Reuters) – Broadcom Ltd said on Friday it closed its acquisition of network gear maker Brocade Communications Systems Inc, giving it a larger share of the data center products market.
