Chinese SUV manufacturer confirms interest in Jeep acquisition – Washington Post

Chinese SUV manufacturer Great Wall Motors announced its interest in purchasing American car company Jeep, in an attempt by the foreign competitor to expand globally. A company spokesman confirmed the bid interest on Monday, though a formal offer has not been made, the Associated Press reported. In a statement, Jeep owner Fiat Chrysler, responding to […]

Buffett Gets Beat Out On Oncor Bid By Sempra Energy – Seeking Alpha

Buffett Gets Beat Out On Oncor Bid By Sempra Energy – Seeking Alpha

Warren Buffett’s Berkshire Hathaway (NYSE:BRK.A)(NYSE:BRK.B) suffered a rare defeat in a bid to buy out Bankrupt Oncor energy, with Sempra Energy (NYSE:SRE) outbidding the conglomerate by $400M at $9.45B in cash. The total price with debt is $18.8 billion. Mr. Buffett has been trying to pick up Oncor for $9B, and we all know he […]

Great Wall Motor of China Sets Its Sights on Jeep – New York Times

The automaker owns the Chrysler, Dodge, Ram and Jeep brands, as well as the Fiat, Alfa Romeo and Maserati brands in Europe. The seriousness of Great Wall’s interest in a deal could not immediately be determined, and a company spokeswoman declined to say whether the two parties had even met. The Chinese carmaker, controlled by […]

Chinese Automaker Sets Its Sights on Jeep – New York Times

The automaker owns the Chrysler, Dodge and Jeep brands, as well as the Fiat, Alfa Romeo and Maserati brands in Europe. The seriousness of Great Wall’s interest in a deal could not immediately be determined, and a company spokeswoman declined to say whether the two parties had even met. The Chinese carmaker, controlled by the […]

Sempra Dares Buffett to Be Disciplined – Bloomberg

While everyone is focused on the imminent solar eclipse, a black hole appears to have opened up in the vicinity of Dallas. Fortunately, its formidable gravitational pull only seems to affect utilities. It centers on Oncor Electric Delivery Co., a utility serving Dallas and northern Texas, which is emerging from the bankruptcy of the TXU […]

The world’s top artificial intelligence companies are pleading for a ban on killer robots – Business Insider

Elon Musk, founder, CEO and lead designer at SpaceX and co-founder of Tesla, speaks at the International Space Station Research and Development Conference in Washington, U.S., July 19, 2017. REUTERS/Aaron P. Bernstein A revolution in warfare where killer robots, or autonomous weapons systems, are common in battlefields is about to start. Both scientists and industry […]

China’s Great Wall confirms interest in Fiat Chrysler – Reuters

SHANGHAI/BEIJING (Reuters) – China’s Great Wall Motor Co Ltd is interested in bidding for Fiat Chrysler Automobiles (FCA), a company official said on Monday, confirming reports it is pursuing all or part of the owner of the Jeep and Ram truck brands. There has been speculation over Chinese interest in FCA since Automotive News reported […]

Heyer’s mother says she won’t speak to Trump – The Daily Progress

Susan Bro, the mother of Heather Heyer, holds a photo of Bro’s mother and her daughter, Monday, Aug. 14, 2017, in Charlottesville, Va. Heyer was killed Saturday, Aug. 12, 2017, when police say a man plowed his car into a group of demonstrators protesting the white nationalist rally. Bro said that she is going to […]

Elon Musk backs call for global ban on killer robots – CNNMoney

Elon Musk backs call for global ban on killer robots – CNNMoney

The world’s leading artificial intelligence experts are sounding the alarm on killer robots. Tesla (TSLA) boss Elon Musk is among a group of 116 founders of robotics and artificial intelligence companies who are calling on the United Nations to ban autonomous weapons. “Lethal autonomous weapons threaten to become the third revolution in warfare. Once developed, […]

Sempra Is Said to Be Near Deal to Acquire Oncor Electric – Bloomberg

Sempra Energy is nearing a agreement to buy Oncor Electric Delivery Co. for about $9.3 billion, according to people familiar with the matter, potentially putting itself in line to scoop up the Texas utility that’s also being pursued by Warren Buffett’s Berkshire Hathaway Inc. and Paul Singer’s Elliott Management Corp.  A deal could be announced as […]