Tesla owner files lawsuit in California claiming sudden acceleration
SAN FRANCISCO (Reuters) – Tesla Motors Inc was sued on Friday by a Model X owner who said his electric SUV suddenly accelerated while being parked, causing it to crash through the garage into the owner’s living room, injuring the driver and a passenger…
Silicon Valley’s obscure unicorns could boost 2017 IPO market
(Reuters) – Social media firm Snap Inc may be the highest profile tech IPO planned for 2017, with the potential to raise billions.
Tesla owner files lawsuit in California claiming sudden acceleration
SAN FRANCISCO (Reuters) – Tesla Motors Inc was sued on Friday by a Model X owner who said his electric SUV suddenly accelerated while being parked, causing it to crash through the garage into owner’s living room, injuring the driver and a passenger.
Wall St. ends solid 2016 on dour note
NEW YORK (Reuters) – U.S. stocks slumped on the last trading day of the year on Friday, led down by Apple and other big tech stocks, but major indexes still posted solid gains in 2016.
U.S. dollar posts 2016 gain on Trump victory, Fed forecasts
NEW YORK (Reuters) – The U.S. dollar slipped on Friday but notched its fourth straight year of gains against a basket of major currencies.
Apple to cut iPhone production in first quarter of 2017: report
(Reuters) – Apple Inc will trim production of iPhones by about 10 percent in the January-March quarter of 2017, the Nikkei financial daily reported on Thursday, citing calculations based on data from suppliers.
Oil, metals post stellar 2016 gains on output cuts, demand hopes
SINGAPORE (Reuters) – Crude oil, rubber and metals are set to end 2016 with strong gains, bouncing back from several years of losses on output cuts and expectations of firmer demand.
FTC seeks more info on Bass Pro-Cabela’s deal
(Reuters) – U.S. fishing and hunting equipment retailer Cabela’s Inc , which is being bought by privately held rival Bass Pro Shops, said the Federal Trade Commission had sought more information from the companies about the deal.
Continental CEO says jobs will be lost in shift to electric cars
FRANKFURT (Reuters) – The shift to electric vehicles will cost jobs at German automotive supplier Continental, its chief executive told a newspaper, but he said many of those jobs would be offset by new positions related to electro-mobility.
Foxconn joint venture to build $8.8 billion LCD plant in China
BEIJING (Reuters) – A joint venture between Hon Hai Precision Industry Co , known as Foxconn, and Sharp Corp plans to build a 61 billion yuan ($8.8 billion) factory in China to produce liquid-crystal displays (LCDs).
