Tesla executives Greg Reichow and Josh Ensign announce their departure ahead of Model 3 launch May 4, 2016 Electric car giant Tesla has announced two of its top motor executives will leave the company ahead of its widely-anticipated, mass-market Model 3 car. Tesla said its vice president of production, Greg Reichow, who had previously been pegged to lead the manufacturing of the Model 3 vehicle, would take a leave of absence after a [...]
Tesla Motors beats expectations in first quarter results and primes for the launch of its Model 3 vehicle May 4, 2016 Tesla Motors has beaten analyst expectations in its first quarter results and ramped up production as demand for its mass-produced Model 3 electric car has sky-rocketed. The figures Tesla posted revenue of $1.15bn (£793m) for the first quarter of 2016, a 22 per cent increase from the same period in 2015, while sales climbed 45 per cent year on [...]
TripAdvisor shares tank after it misses expectations May 4, 2016 Travel website TripAdvisor’s revenue has decreased to $352m, a drop of $11m or three per cent, during the first quarter of 2016. TripAdvisor reported earnings per share of $0.32 in the first quarter, $0.14 less than the analyst estimate of $0.46. Shares of the travel business fell 7.73 per cent to $58.25 in after-hours trading on Wednesday. [...]
Millions of Gmail, Yahoo and Microsoft email accounts sold to Russian underworld May 4, 2016 Over 270m email accounts have been hacked and sold to Russian underworld, a security expert has claimed. While a majority of stolen usernames and passwords belonged to popular Russian email service Mail.ru, credentials for some of the world's biggest email providers were also compromised. Of the 272.3m stolen accounts, nearly 40m addresses belonged to Yahoo, [...]
Kraft Heinz sales jumped 165 per cent in the first quarter – due to the merger May 4, 2016 Kraft Heinz has revealed a massive jump in sales during the three months to 3 April, driving the group's share price up by over five per cent in after hours trading. The company, which was formed out of the merger of Kraft and Heinz last year, said a 165 per cent increase in sales – [...]
HTC Vive review: Virtual reality has finally arrived, but it will be years before games can catch up May 4, 2016 The Hardware There’s a thrilling moment when you first slip your face into the HTC Vive, soon after you stop feeling like a bootleg Robocop, when you become utterly convinced of the vast virtual world into which you’ve been teleported. You’ll absent-mindedly try to lean on furniture that isn’t there. You’ll laugh like an idiot [...]
Trinity Mirror to close New Day as circulation drops below 40,000 and share price hits three-year low ahead of AGM May 4, 2016 Trinity Mirror is set to close its most recent venture, New Day, by the end of this week. City A.M. understands its circulation has fallen below 40,000 and insiders have suggested that the newspaper's last issue will come out on Friday. The firm's share price has dropped to a three-year low ahead of its annual [...]
Charter Court Financial Services auction sunk by Brexit fears May 4, 2016 The auction of Charter Court Financial Services has collapsed due to concerns over the impact of a Brexit on the UK housing market. Bidders were told the sale process has been abandoned in recent days, it was first reported by Sky News. BC Partners, Varde Partners and Warburg Pincus were among the buyout firms interested [...]
The curious case of the iphone trademark: Apple loses fight over iPhone name in China May 4, 2016 Apple has lost a legal battle against a Chinese handbag maker over its use of the iPhone trademark. Xintong Tiandi, a Chinese company that sells leather purses and phone cases, trademarked "IPHONE" in 2010. Apple filed a trademark for “iPhone” in 2002, but got approval only in 2013. The tech giant launched a legal tirade against [...]