Elon Musk, Tesla Motors CEO, tells the Reuters Global Tech Summit that he'll talk to politicians who back local car dealers trying to keep Tesla from selling directly to consumers. Video
TOKYO - Asian shares tumbled to nine-month lows on Thursday as slowing Chinese manufacturing activity exacerbated sentiment already unnerved by the U.S. Federal Reserve Chairman Ben Bernanke confirming the Fed would begin reducing its stimulus spending later this year.
DETROIT - A new company hopes to make the car-buying process easier for consumers and more efficient for dealers by bringing cars to buyers for test drives, avoiding the need to spend hours at a dealership.
BEIJING/HONG KONG - China reiterated its opposition on Thursday to a European Union plan to limit airline carbon dioxide emissions and called for talks to resolve the issue a day after its major airlines refused to pay any carbon costs under the new law.
Deutsche Telekom sees complete sale of U.S. unit unlikely
COLOGNE, Germany |
COLOGNE, Germany (Reuters) - Deutsche Telekom (DTEGn.DE) believes a complete sale of its T-Mobile USA unit is unlikely, the company told shareholders on Thursday, as it continues its search for a long-term solution for the troubled business.
"We must find other ways to increase the return on our capital, or reduce our capital investment," Chief Executive Rene Obermann said at the annual general meeting, referring to the unit.
"We are doing everything in our power to achieve this."
Deutsche Telekom tried to sell T-Mobile USA to AT&T (T.N) last year, but had to abandon the deal after heavy resistance from regulators.
(Reporting by Harro ten Wolde)
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