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KaloBios Pharmaceuticals Inc shot up close by almost 50% in Friday pre-market trading. CEO Martin Shkreli said on Twitter that he would not lend any more of his stock to short sellers. Popular blogger The Fly cited Markit data to indicate that 49% of KaloBios stock is being held in short positions. This means that…
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Tesla Motors Inc is expanding its products offerings and also improving the speed at which it makes them. The firm is bringing more and more manufacturing in-house, and now it plans to bring second-row seats of Model X in-house. The firm made that reveal as part of its earnings report for the third quarter. Model…
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Tesla Motors Inc might have built itself as a luxury premium brand with its Model S and Model X, but the firm says it is not interested in becoming a carmaker for the “elite” who can afford to drop 100+ grand on a car. Tesla’s co-founder and chief technology officer, JB Straubel says the firm is…
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Apple Inc. CEO Tim Cook informed late Monday that the firm has been successful at convincing 6.5m users to pay for Apple Music. The number is just a slice of the users, who agreed to try the service that started on June 30. Apple content by the numbers Apple Music continues to get more users interested…
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Tesla Motors Inc got back into the good books of Wall Street when it announced that it was releasing new autopilot features last week. The release of update 7.0 worked to deflect attention away from the fact that Tesla is still miles behind delivering the new Model X to buyers after more than two years…
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Tesla Motors Inc has been having a tough time since it released the Model X for the first time on September 29. Despite hitting the target release date, at least by a few hours, the firm’s shares have been falling hard since the car appeared. That’s despite the positive reaction from Wall Street, the tech…
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Adobe Systems Incorporated share price has gone up by as much as 15% in the last 6 months, and it continues to soar. With the new e-Signature feature in the Document Cloud (DC) service, Adobe is taking one step at a time. In addition to that, Adobe recently partnered with Dropbox, Salesforce and Workday to enter the…
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In what would represent the largest tech deal ever pulled off, privately held Dell Inc. said Monday morning it would buy diversified computing concern EMC Corporation in a cash and stock transaction worth better than $65 billion. While EMC’s roots are mostly related to storage hardware, today it is probably better known for its cloud…
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Microsoft Corporation doesn’t exactly have a healthy hardware segment, but that’s not for want of trying. The firm revealed its new tablet, the Surface Pro 4, at an event on October 6. One of the big surprises was that the device features liquid cooling. That’s a feature that Apple Inc. just can’t compete with…
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Tesla Motors Inc promised it would ship the first Model X before the end of the third quarter, and the firm did even better than that, if only marginally. As far as we know Elon Musk’s firm has gotten six units of the EV SUV to early buyers. The problem is, and it’s a good…
