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.
Billionaire Bollore ups stake in Vivendi, to join board
PARIS (Reuters) - Billionaire Vincent Bollore's holding group said it had upped its stake in France's Vivendi to 5 percent, from 4.41 percent at end-September, paving the way for the tycoon to sit on the media conglomerate's supervisory board.
Vivendi is in the midst of reviewing its strategy and portfolio of businesses in a bid to boost its stock price.
Bollore said in a press release it held 66 million shares, or 5.01 percent of Vivendi, at October 10. It had said on September 27 that it owned 4.41 percent following the disposal of the Direct 8 and Direct Star television chains to Vivendi.
Vivendi issued a statement in response, proposing that Bollore join its supervisory board.
"Confirming what I declared at the shareholders' meeting on April 19, 2012, we will propose that Vincent Bollore joins Vivendi's supervisory board," Chairman Jean-Rene Fourtou said.
(Reporting by Lionel Laurent)
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