Business
Innovator Elon Musk Says 800 MPH Hyperloop Will Soon Be A Reality
Musk later tweeted out that formal approval is still needed, but following these discussions, he's confident the project will be able to move forward. Musk later appeared to be drumming up support for the measure, tweeting that "if you want this to happen fast, please let your local & federal elected representatives know.
Business
Siemens scales back Russian ops over Crimea turbines
Fund manager Max Anderl of UBS Asset Management , one of the top 20 investors in Siemens, said: "You could ask for the products back, but if the customer does not cooperate there is little that can be done". Before Russia invaded, Crimea was dependent on power supplies from Ukraine. Russian Federation subsequently built an "energy bridge" to supply power to Crimea via cables running under the Black Sea.
Business
Erdogan tells Germany to 'pull itself together' as rift deepens
Ankara has rejected Berlin's criticisms that it engaged in an excessive crackdown on political opponents in response to the coup and is resentful towards its German NATO partner for allegedly granting asylum to Turkish revolutionaries. Turkey retaliated by banning German parliamentarians from visiting their country's armed forces stationed at the Turkish military base of Incirlik and Konya from where they were participating in the global military effort against the Islamic State.
Business
Alexa Will Be Available On All Android Phones Soon
Without any type of formal announcement, Amazon is rolling out an update to its mobile application on Android that enables Alexa , the company's virtual assistant, to be used while shopping... With the app's assistance, you will be able to use Alexa as much as you can on your Echo devices . Alexa can even provide weather and traffic information for those who need to commute, and it can also play music as you navigate the app.
Business
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Lyft Self-Driving Car Efforts Ramp Up With Its Own Facility
Lyft's new Palo Alto facility will open next month, and the company expects to have several hundred engineers there for self-driving cars by year's end. The decision follows the company's plan to move forward from its regular partnerships in the self-driving field and instead enter the market with its own technology.
Business
General Electric Makes Progress on Cost-Cutting
GE has been under pressure to cut expenses after missing profit goals but Friday's results are a sign that the company is headed toward a successful turnaround. Of that total $242.6 billion is services backlog and $84.2 billion is equipment. Share prices were down as much as 5 percent after GE's earnings statement.