TECHNOLOGY VIDEO

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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Wall St. edges lower as Fed statement looms

NEW YORK - Stocks dipped on Wednesday as investors awaited a Federal Reserve statement that could provide clues about the central bank's future stimulus efforts, a key to the market's current rally. | Video

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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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Gardner Denver's board to consider KKR offer on Monday: source

NEW YORK | Fri Feb 22, 2013 12:42pm EST

NEW YORK (Reuters) - The board of Gardner Denver Inc (GDI.N) plans to meet on Monday to review private equity firm KKR & Co LP's (KKR.N) $3.7 billion offer for the industrial machinery maker, a person familiar with the matter said on Friday.

Several of Gardner Denver's top shareholders, including ValueAct Holdings LP, have indicated to the company's management that they would support KKR's $75 per share offer, which was submitted on Thursday, the person said.

Wayne, Pennsylvania-based Gardner Denver and ValueAct did not immediately respond to a request for comment. KKR declined to comment.

Earlier on Friday, Gardner Denver forecast 2013 results below analysts' expectations as demand for its engineered products such as petroleum and industrial pumps remained weak.

(Reporting by Greg Roumeliotis in New York; Editing by Leslie Adler)
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