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Berkshire seeks to boost its Wells Fargo stake above 10 percent

July 3, 2016 by · Leave a Comment 

Warren Buffett's Berkshire Hathaway Inc is seeking permission from the Federal Reserve to increase its ownership stake in Wells Fargo & Co , after reaching the 10 percent level that could prompt increased regulatory scrutiny. According to papers obtained by Reuters on Friday, Berkshire said it learned in mid-March that its Wells

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Berkshire seeks to boost its Wells Fargo stake above 10 percent

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Apple fires back at Spotify over music streaming claims

July 3, 2016 by · Leave a Comment 

SAN FRANCISCO/STOCKHOLM (Reuters) – Apple Inc fought back on Friday against Spotify's claims that the U.S. tech giant had hampered competition in music streaming by rejecting an update to the Swedish service's iPhone app. The two companies have gone head to head in the battle…

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Apple fires back at Spotify over music streaming claims

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Tesla crash raises concerns about autonomous vehicle regulation

July 3, 2016 by · Leave a Comment 

The fatal crash of a Tesla Motors Inc Model S in Autopilot mode has turned up pressure on auto industry executives and regulators to ensure that automated driving technology is deployed safely. Shares of Tesla and Mobileye NV, the maker of the camera vision system used in the Model S, rose on Friday as analysts said the accident was likely a short-term setback. On Friday, the U.S. National Highway …

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Tesla crash raises concerns about autonomous vehicle regulation