Tesla Motors Inc (NASDAQ:TSLA) recently received the approval of the Nevada lawmakers and the Governor to construct a $5 billion gigafactory for the manufacture of batteries. According the company’s CEO Ellon Musk’s own words, the capacity of the company will be more than that of all the current battery production of the whole world combined.…
PepsiCo, Inc. (PEP) Releases Pepsi True to Battle Coca-Cola Life by The Coca-Cola Company (KO)
The battle between the world’s leading soft drink companies, PepsiCo, Inc. (NYSE:PEP) and The Coca-Cola Company (NYSE:KO), isn’t about to die down. Just recently, Coco-Cola launched Coca-Cola Life in the U.S., a drink sweetened using a mid-calorie cola called stevia, and now Pepsi has announced that it will avail Pepsi True mid this month exclusively…
Amazon.com, Inc. (AMZN) Employees in Four Distribution Centers Strike in Germany over Wage Disputes
Amazon.com, Inc. (NASDAQ:AMZN) employees are on a two-day strike beginning today till Tuesday evening. The employees, through their Verdi union, are saying that they are being paid lower wages compared to other employees in similar positions in other warehouses. The affected logistics centers are Bad Hersfeld, Leipzig, Rheinberg and Graben. The employees in these centers…
Sears Holdings Corp (SHLD) Gets Short-term Loan From Fairholme Fund (FAIRX)
According to a recent SEC filing Fairholme Fund (MTUF:FAIRX), one of its affiliates is likely to invest up to $100 million in a short-term loan for Sears Holdings Corp (NASDAQ:SHLD). Bruce Berkowitz is the fund manager of Fairholm Fund and owns 25.532.673 shares of Sears Holdings. (You can see complete list of Bruce Berkowitz’s Fairholme…
Sears Holdings Corp (SHLD) Shares Plummet Amid Lower Rating from Credit Suisse Group AG (ADR) (CS)
“This is the End” was the exact reference given by Gary Balter, Credit Suisse Group AG (ADR) (NYSE:CS) analyst, for Sears Holdings Corp (NASDAQ:SHLD). The shares of Sears Holdings Corp (NASDAQ:SHLD) have declined 6.36% since the statement on Thursday. After having a look at the performance of Shears Holdings in 2014, Balter concluded that the…
Tesla Motors Inc (TSLA)’s Model S Brilliantly Connected With Apple Inc (AAPL)’s iPhone 6
California-based car manufacturer Tesla Motors Inc (NASDAQ:TSLA) announced a software upgrade for its latest electric car Model S on 19th September, 2014, from its base at Palo Alto wherein the idea is to render the vehicle more responsive and sensitive to its owner than ever before. Courtesy of Tesla Motors Inc (NASDAQ:TSLA)’a latest offering having…
Tesla Motors Inc (TSLA) Likely To Work With SolarCity Corp (SCTY); Gigafactory Might Power Houses in Future
Tesla Motors Inc (NASDAQ:TSLA)’s Gigafactory has raised concerns among analysts about the overall utilization of its production capacity. Tesla Motors Inc (NASDAQ:TSLA) is going to invest $5 billion in the factory, which is likely to create up to 6,500 jobs and the company is likely to reach 50 gigawatts of battery storage capacity by 2020.…
Amazon.com, Inc. (AMZN) Launches New Kindle Devices, Kindle Voyage Comes to Customers
Amazon.com, Inc. (NASDAQ:AMZN) unveiled a new lineup of Kindle devices with a premium Kindle Voyage offered by the company. The online-retailer introduced six new devices with the highest price tag of $199 for Kindle Voyage. In addition to it, users can enjoy an advanced experience with the basic Kindle e-reader, which comes with a touch…
On Track Innovations Ltd (USA) (OTIV) Gets a Boost from Apple Inc (AAPL)’s iPhone 6 Launch
Apple Inc (NASDAQ:AAPL) broke its previous record of pre-order sales with 4 million units booked within 24 hours of opening. Both iPhone 6 and iPhone 6 Plus have received an extraordinary response from the market. Amid the success of Apple Inc (NASDAQ:AAPL)’s iPhone 6, On Track Innovations Ltd (USA) (NASDAQ:OTIV) has turned out to be…
GoPro Inc (GPRO) Facing Competition from HTC Corp’s Waterproof Action Camera
GoPro Inc (NASDAQ:GPRO) should prepare for stiff competition from HTC Corp (TPE:2498) after rumors came out that the latter company is working on a 16MP waterproof camera for extreme sports. GoPro Incis a reputable producer of extreme sports cameras therefore the entry of a new player in the market comes as a challenge to its…