Could This Be Apple's Next Billion-Dollar Business?
For years, Apple has focused on growing the services included in its ecosystem. Here's one way Tim Cook could kick the division into high gear.
For years, Apple has focused on growing the services included in its ecosystem. Here's one way Tim Cook could kick the division into high gear.
DUBAI/RIYADH/LONDON (Reuters) - Saudi Arabia's Public Investment Fund (PIF) has shown no interest so far in financing Tesla Inc (TSLA.O) CEO Elon Musk's proposed $72 billion deal to take the U.S. electric car maker private, despite acquiring a minority stake in the company this year, two sources familiar with the matter said. The 47-year-old investor and engineer stunned financial markets on Tuesday when he said on Twitter that he was considering a take-private deal for Tesla, an auto manufacturing pioneer that developed the world's first luxury all-electric sedan car. Beyond amassing a stake of just below 5 percent in Tesla, the sovereign wealth fund has poured tens of billions of dollars into technology investments, including $45 billion in SoftBank Group Corp's (9984.T) Vision Fund over five years.
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Shares of this tiny robotic-surgery company benefited from a positive corporate update last month.
Maybe not value stocks by the traditional definition, but there's no arguing that CenturyLink, GM, and Celgene are cheap today.
Step inside the cockpit of an empty commercial aircraft and the pilot controls are yours. The suicide-by-plane Friday at Seattle's Sea-Tac International Airport, which ended when a rogue airline employee crashed a stolen 76-seat turboprop into an island, has raised fresh questions about aviation security. The first hurdle was easily jumped by the Horizon Air employee who stole and then crashed a Bombardier Q400.
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