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August 22, 2015 TECH (MSM)

Japan's Sharp in talks with Hon Hai on tie-up: Asahi

Japanese electronics maker Sharp Corp has entered negotiations with Taiwan’s Hon Hai Precision Industry Co for a tie-up over Sharp’s struggling display business, the Asahi newspaper reported on Saturday. Investors and analysts have urged Sharp to overhaul its liquid crystal display (LCD) and consumer electronics divisions. Chief Executive Kozo Takahashi initially resisted but last month said he was open to major restructuring, including some kind of strategic deal for its

August 22, 2015 TECH (MSM)

Alibaba drop leaves stock pennies above IPO price

By Noel Randewich SAN FRANCISCO (Reuters) – Shares of Alibaba Group Holding Ltd fell 3 percent on Friday and were perilously close to breaking below the price set in the largest IPO in history as fears of a China-led global slowdown rattled investors. A potential move below $68 would make China’s largest e-commerce firm the second high-profile tech company to fall below its IPO price this week after Twitter Inc

August 22, 2015 TECH (MSM)

Tesla engineer joins Apple's growing team of automated car experts

By Paul Lienert and Julia Love DETROIT/SAN FRANCISCO (Reuters) – Consumer electronics company Apple Inc has hired a senior engineer from electric car maker Tesla Motors Inc , according to a LinkedIn posting, as part of Apple’s effort to build a team of experts in automated driving. A LinkedIn profile for Jamie Carlson shows that he has left Tesla and moved to Apple. At least six others with experience developing

August 22, 2015 MONEY (MSM)

Emerging market worries prompt selloff, but bulls remain

The steep selloff that pushed down the benchmark Standard & Poor’s 500 index five percent over three days may say more about the outlook for emerging markets than U.S. companies in the fourth quarter, fund managers and analysts say. China’s economic slowdown, recessions in Latin American countries such as Brazil and Chile, and a breakdown in commodity prices – combined with a thinly-traded market as many investors become more focused

August 22, 2015 MONEY (MSM)

IMF official says 'premature' to speak of Chinese crisis

Fresh evidence of easing growth in China hammered global stock markets on Friday, driving Wall Street to its steepest one-day drop in nearly four years. “Monetary policies have been very expansive in recent years and an adjustment is necessary,” said Carlo Cottarelli, an IMF executive director representing countries such as Italy and Greece on its board.