New York Report: Facebook and Tesla prompt rise in shares February 20, 2014 US STOCKS climbed yesterday after a data reading on manufacturing activity hit its highest in nearly four years, while news about Facebook and Tesla drove their shares to record highs during trading. US factory activity accelerated at its fastest pace in nearly four years in February, according to Markit’s preliminary US manufacturing purchasing managers’ index, [...]
What you need to know before the US open February 20, 2014 US stock index futures suggest markets will open lower, as investors look again towards ongoing emerging market turmoil. The continuing and severe violence in Ukraine at the moment has seen the country’s hryvnia plummet to five-year lows, and state debt insurance rising to 2009 highs. Weaker growth from China – the Markit/HSBC purchasing managers’ index [...]
3 electric car myths debunked February 20, 2014 If Tesla Motors' results are anything to go by, it looks like electric cars are taking off. Yesterday, the firm revealed a gross profit of $156.6m (£93.7m) – over six times higher than than a year earlier. The forward-thinking company, which is headed by PayPal and SpaceX founder Elon Musk, saw record transactions of its [...]
Electric results for Tesla as sales of Model S car hit record high February 19, 2014 ELECTRIC car firm Tesla yesterday revealed a gross profit of $156.59m (£93.68m) in the final quarter of last year, more than six times higher than the same period in 2012. Total revenues also doubled over the year, expanding from $306.32m in the final quarter of 2012 to $615.22m in the three months to December 2013. [...]
Three things you didn’t know about… February 9, 2014 ELLA’S KITCHEN FOUNDER AND CEO PAUL LINDLEY 1 Paul already owns his dream car, an Aston Martin DBS, but he’s planning to buy a Tesla S (fully electric car) when they become available in the UK this summer, having fallen for it after a test drive. 2 He grew up in Zambia and loves African [...]
The Long View: Bill Gates is gone and the dot-com era is over: It’s only the end of the beginning February 6, 2014 AS FACEBOOK turns ten, and with Bill Gates stepping down as Microsoft chairman, it feels like something is drawing to an end. But if so, it is only the end of the technological revolution’s beginning. It is extraordinary to look back now and think how visionary both Gates and Facebook’s Mark Zuckerberg were: Gates saw [...]
The market’s already come up with something that makes Nick Clegg’s electric car plan totally irrelevant January 30, 2014 Nick Clegg’s on a drive to make Britain the world leader in electric cars. Today, he announced that the government will invest more than £9m to up the number of charging points across the country. The government’s partnered up with major car manufacturers who are backing the suspectly-named Go Ultra Low campaign – which they [...]
Google snaps up London start up in £400m deal January 28, 2014 GOOGLE has paid £400m to take control of a London-based tech company co-founded by former chess prodigy and neuroscientist Demis Hassabis. DeepMind Technologies, which was set up by Hassabis and colleagues Shane Legg and Mustafa Suleyman in 2011, will work on research and development projects in artificial intelligence, which could one day be used in [...]
Google snaps up London start up in £400m deal January 27, 2014 GOOGLE has paid £400m to take control of a London-based tech company co-founded by former chess prodigy and neuroscientist Demis Hassabis. DeepMind Technologies, which was set up by Hassabis and colleagues Shane Legg and Mustafa Suleyman in 2011, will work on research and development projects in artificial intelligence, which could one day be used in [...]
Tesla Motors sales soaring January 14, 2014 ELECTRIC car maker Tesla Motors said yesterday that deliveries of its Model S sedan in the fourth quarter blew past what the company had forecast, sending shares up more than 10 per cent in New York. Tesla, run by tycoon Elon Musk, delivered 6,900 Model S sedans in the quarter, 20 per cent above what [...]