SANTA CLARA (Reuters) – Intel Corp on Wednesday said it sold $1 billion of artificial intelligence processor chips in 2017, the first time the world’s second-largest chipmaker disclosed revenue from the fast-growing computing segment that has fueled sales expansions at rivals such as Nvidia Corp. FILE PHOTO: The Intel logo is shown at E3, the… Continue reading Intel sold $1 bln of artificial intelligence chips in 2017
Author: Ritters US Newsfeed
UPDATE 4-Tesla board evaluating CEO Musk’s idea to take company private
(Reuters) – Tesla Inc’s (TSLA.O) board said it was evaluating taking the company private, a day after Chief Executive Elon Musk surprised shareholders with the idea of launching the biggest leveraged buyout of all time. FILE PHOTO: Elon Musk, founder, CEO and lead designer at SpaceX and co-founder of Tesla, speaks at the International Space… Continue reading UPDATE 4-Tesla board evaluating CEO Musk’s idea to take company private
Tesla board evaluating CEO Musk’s idea to take company private
(Reuters) – Tesla Inc (TSLA.O) said on Wednesday its board is evaluating Chief Executive Elon Musk’s idea of taking the company private after he brought the matter up for discussion last week. FILE PHOTO: Elon Musk, founder, CEO and lead designer at SpaceX and co-founder of Tesla, speaks at the International Space Station Research and… Continue reading Tesla board evaluating CEO Musk’s idea to take company private
UPDATE 1-Tesla’s board says Musk started go-private talks last week
(Reuters) – Tesla Inc Chief Executive Elon Musk started talks with the company’s board last week about taking the electric car maker private, some board members said on Wednesday. FILE PHOTO: Elon Musk, founder, CEO and lead designer at SpaceX and co-founder of Tesla, speaks at the International Space Station Research and Development Conference in… Continue reading UPDATE 1-Tesla’s board says Musk started go-private talks last week
Tesla’s board says Musk started go-private talks last week
Aug 8 (Reuters) – Tesla Inc Chief Executive Elon Musk had opened a discussion with the board last week about taking the company private, some board members said in a statement on Wednesday. “This included discussion as to how being private could better serve Tesla’s long-term interests, and also addressed the funding for this to… Continue reading Tesla’s board says Musk started go-private talks last week
Canada’s Magna International quarterly profit rises 14 pct
Aug 8 (Reuters) – Canadian auto parts maker Magna International Inc reported a 14.2 percent rise in quarterly profit on Wednesday, driven by strong sales across Europe. Net income attributable to Magna rose to $626 million or $1.77 per share, in the second quarter ended June 30, from $548 million, or $1.44 per share, a… Continue reading Canada’s Magna International quarterly profit rises 14 pct
Ford to launch new basic SUV as part of China revival effort
BEIJING (Reuters) – Ford Motor (F.N) said on Wednesday it will launch in China early next year a new “entry-level” sport utility vehicle developed jointly with a local partner, as the U.S. automaker attempts to revive its slumping business in the world’s biggest auto market. FILE PHOTO: A Ford logo is pictured at a car… Continue reading Ford to launch new basic SUV as part of China revival effort
UPDATE 1-Ford to launch new basic SUV as part of China revival effort
BEIJING (Reuters) – Ford Motor (F.N) said on Wednesday it will launch in China early next year a new “entry-level” sport utility vehicle developed jointly with a local partner, as the U.S. automaker attempts to revive its slumping business in the world’s biggest auto market. FILE PHOTO: A Ford logo is pictured at a car… Continue reading UPDATE 1-Ford to launch new basic SUV as part of China revival effort
Inside Tesla’s troubled New York solar factory
SAN FRANCISCO/LOS ANGELES (Reuters) – Tesla Inc’s (TSLA.O) production of solar roof tiles has been delayed by assembly-line problems at its new publicly subsidized factory and difficulties producing a product that satisfies the aesthetic demands of CEO Elon Musk, eight former and current employees of both companies told Reuters. A sign is seen outside the… Continue reading Inside Tesla’s troubled New York solar factory
Musk plan to privatize Tesla pushes $2.3 bln of debt above conversion price
NEW YORK, Aug 7 (Reuters) – Elon Musk’s suggestion on Tuesday that he would like to take Tesla Inc private may provide something the electric car maker needs: a little debt relief. The 11 percent jump in Tesla’s stock price following Musk’s public musings on possibly buying the company from existing shareholders drove $2.3 billion… Continue reading Musk plan to privatize Tesla pushes $2.3 bln of debt above conversion price