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Elon Musk, Chief Executive of Tesla Motors and SpaceX, smiles during the Reuters Global Technology Summit in San Francisco, June 18, 2013. REUTERS/Stephen Lam
REUTERS GLOBAL TECHNOLOGY SUMMIT

Musk: Time to tackle dealer dispute

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 

 

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Fed keeps buying bonds at $85 billion monthly pace

WASHINGTON - The Federal Reserve on Wednesday said it would keep buying $85 billion in bonds per month and gave no explicit indication that it was close to scaling back the program, despite intense market speculation it could soon start drawing it to a close.

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Start-up to bring test-drive cars to buyers, avoiding dealership

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.

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China denounces EU airline carbon law, seeks talks

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.

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Ontario Teachers' to buy SeaCube Container Leasing for $467 million

Fri Jan 18, 2013 8:20pm EST

(Reuters) - Ontario Teachers' Pension Plan, one of Canada's largest pension funds, said on Friday it will buy SeaCube Container Leasing Ltd BOX.N for about $467 million.

Under the terms of the agreement, SeaCube shareholders will receive $23 for each share, a 13 percent premium to the company's Friday closing on the New York Stock Exchange.

The deal, which is in U.S. currency, has been unanimously approved by the board of SeaCube, and is expected to close in the first half of 2013, Ontario Teachers' said in a statement.

The deal is being led by Ontario Teachers' Long-Term Equities group. The pension fund also plans to operate SeaCube as a standalone business operation with the current management team remaining in place.

SeaCube is incorporated in Bermuda. The head office is in Park Ridge, N.J.

(Reporting by Shounak Dasgupta in Bangalore; Editing by Bernard Orr)
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Comments (1)
Jim_Dandy wrote:
Hope the Chinese imports keep coming in!

Jan 19, 2013 9:37am EST  --  Report as abuse
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