Tesla would require unprecedented quantities of metals like Lithium, Nickel, Cobalt and Aluminum to reach an ambitious goal - producing 500,000 electric vehicles a year by 2018. These metals are used to make lithium ion batteries.   The 373,000 preorders for the Model 3 sedan has prompted...

The New York headquarters of hedge fund firm Platinum Partners was raided by agents from the Federal Bureau of Investigation and the U.S. Postal Inspection Service earlier this week.   Media reports quoting sources form the government agencies informed this.   “We are in receipt of a...

Even while Blackberry closely weighs the future of its hardware operation, its chief executive said very recently that the company’s top priority this year is making its devices business profitable.   "The device business must be profitable, because we don't want to run a business that drags...

In an auction that could fetch up to $3 billion, more than half a dozen offers that include bids from Beijing Tourism Group, Sanpower and ChemChina have been made for McDonald's Corp’s China and Hong Kong stores, reported Reuters quoting people familiar with the matter.   A joint bid has...

A US lawsuit against Alibaba Group Holdings Ltd was dismissed earlier this week on Tuesday in the US giving the Chinese e-commerce giant some releif.   The largest e-commerce company of China was accused in the lawsuit of concealing a regulator's warning about its ability to suppress...

The proposed acquisition of SolarCity Corp could eventually push the US electric car maker Tesla Motor’s valuation to $1 trillion, said Tesla Motors Inc Chief Executive Officer Elon Musk on Wednesday amidst skepticism from investors.   The sentiments of the investors were reflected after the...

Apple shares are set to lose their weighting and be reclassified in the annual reconstitution of the widely followed Russell indexes and there is apprehension that its shares could fall further after dropping more than $200 billion in market capitalization in one year.   According to an...

Talks for acquisition of Dell Inc's software division for more than $2 billion by buyout firm Francisco Partners and the private equity arm of activist hedge fund Elliott Management Corp are in the advanced stage, reported Reuters quoting three people familiar with the matter.   After Dell...

Beijing’s intellectual property authority has, through ruling, has handed the U.S. tech company Apple its latest setback in the pivotal market of China by saying that the US smartphone maker had violated the design patents of a Chinese device maker and may have to halt sales of its latest iPhones...

Through the launch of KIND Government Solutions, Microsoft Corporation seems to have found a new market for its products in the cannabis industry and the US based global tech giant is offering this new product in collaboration with KIND Financial as its partner.   The new product was...

Corruption that is related to the business of Swedish mobile telecom gear maker Ericsson has induced an investigation from the US authorities. This was reported by Swedish daily Svenska Dagbladet (SvD) late on Thursday and the report cited unnamed sources with knowledge about the issue.  ...