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
BEIJING - Activity in China's vast manufacturing sector weakened further in June to a 9-month low as new orders faltered, a preliminary survey of purchasing managers showed on Thursday, reinforcing signs of tepid economic growth in the second quarter.
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.
Tepco shareholders OK $12.6 billion government injection
TOKYO (Reuters) - Tokyo Electric Power Co (9501.T) shareholders voted on Wednesday to approve the Japanese government's 1 trillion yen ($12.58 billion) capital injection, to avert the collapse of the utility in the aftermath of the Fukushima nuclear crisis.
The capital injection will hand control of Tepco to the government and brings total state support for the company to at least 3.5 trillion yen since reactor meltdowns at the Fukushima Daiichi plant triggered by last year's earthquake and tsunami.
Shareholders at the utility's annual general meeting also rejected a proposal to scrap all seven reactors at Tepco's Kashiwazaki-Kariwa plant, the world's biggest nuclear facility, on the Sea of Japan coast.
The proposal called for replacing the plant with a new fuel-efficient, gas-fired combined cycle power station at the site.
The eventual cost of the Fukushima nuclear disaster, including compensation and cleanups, has been estimated at more than $100 billion.
($1 = 79.4650 Japanese yen)
(Reporting by Osamu Tsukimori; Editing by Aaron Sheldrick and Michael Watson)
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