Tesla says it sent update for security flaws found by hackers
(Reuters) – Tesla Motors Inc said on Thursday it has sent a software patch to address security flaws in the Tesla Model S sedan that could allow hackers to take control of the vehicle.
IBM to buy Merge Healthcare in $1 billion deal
(Reuters) – International Business Machines Corp said it would buy Merge Healthcare Inc , which provides medical images and clinical systems, in a $1 billion deal and combine it with its Watson Health analytics unit.
Britain raps Pfizer over huge jump in epilepsy drug price
LONDON (Reuters) – Britain’s competition watchdog has accused Pfizer and Flynn Pharma of breaching UK and European law by ramping up the cost of an epilepsy drug, given to more than 50,000 British patients, by as much as 2,600 percent.
Emerging stocks submerged, UK gears up for ‘Super Thursday’
LONDON (Reuters) – Emerging market stocks slipped to their lowest in over two years on Thursday as nervousness about an end to record low U.S. and global interest rates and continued weakness in commodity markets took their toll.
No IMF decision on Greek bailout until autumn, Swedish representative tells paper
STOCKHOLM (Reuters) – There is strong support at the IMF for joining a new bailout package for Greece but the fund will not decide whether to participate until autumn, Sweden’s representative to its executive board told a newspaper.
GM China’s July sales drop 4 percent but profit margin goal seen intact
BEIJING (Reuters) – General Motors Co sales in China fell 4 percent year-on-year in July but the U.S. automaker said it remained on track to achieve an upbeat goal for profit margins this year in its second-largest market.
Lexus plans a second ‘flagship’ model to augment LS sedan
TRAVERSE CITY, Mich. (Reuters) – Toyota Motor Corp’s Lexus brand is planning to launch a second top-of-the-line “flagship” model to accompany a new generation of its LS sedan, the head of the brand’s U.S. operations told Reuters on Wednesday.
Tesla stock falls on wider loss, CEO comments on cash need
DETROIT (Reuters) – Shares of Tesla Motors Inc fell about 6 percent on Wednesday after the electric car maker posted a wider quarterly loss and said it may raise more cash to offset heavy spending on expanded production.
Tech leads Nasdaq, S&P 500; Disney sparks media selloff
(Reuters) – The S&P 500 and Nasdaq Composite rose on Wednesday following three days of losses as tech shares advanced, while the blue-chip Dow index ticked lower, weighed by Disney’s largest daily drop in almost seven years.
JPMorgan to move 2,150 jobs to New Jersey from New York: WSJ
(Reuters) – JPMorgan Chase & Co will move more than 2,100 jobs from Manhattan to New Jersey to benefit from an incentive program offered by the state of New Jersey, the Wall Street Journal reported on Wednesday.
