Tesla, Twitter among premarket's biggest movers

NEW YORK - Tesla Motors Inc was one of the biggest movers of Thursday's premarket session, after the company's chief executive hinted at a new product that would be unveiled next week.

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Philips Electronics to appeal ruling in $467 million patent lawsuit

- Dutch healthcare equipment company Philips said on Thursday it would appeal against a U.S court ruling ordering it to pay $466.8 million in compensation to Masimo Corp for infringing two patents.

Angry Birds maker Rovio to cut up to 130 jobs

HELSINKI - Finnish mobile games maker Rovio, owner of the Angry Birds brand, plans to cut up to 130 jobs in Finland, or 16 percent of its workforce, saying growth has not been as strong as expected and it needs a simpler structure.

Tech, Media 8:14am EDT

Fiat needs more than the 500 to turn core brand around

PARIS - While rivals roll out new models and concept cars, Fiat has little to show at the Paris auto show besides another variant of its retro-styled 500 compact car, in what is starting to look like a worrying trend for the carmaker's namesake brand.

5:47am EDT

Tesla factory near Reno is bet old Nevada will meet the new

RENO Nevada - Lance Gilman bounced his white GMC truck up a hill in the high desert country east of Reno, Nevada, and paused at the top to survey his property. Spread out below lay the 165-square-mile Tahoe-Reno Industrial Center, about the size of Rhode Island. | Video

6:06am EDT

Tesco's 250-million-pound black hole: Who was minding the shop?

LONDON - "Things are always unnoticed, until they're noticed," Tesco Chairman Richard Broadbent said when asked how Britain's biggest retailer had failed to spot a 250 million pound ($410 million) sized hole in its first-half profits.

2:03am EDT


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