Facebook is in talks with Hollywood studios about producing scripted, TV-quality shows, with the aim of launching original programming by late summer, according to Wall Street Journal report.
Facebook has indicated that it was willing to commit to production budgets of as much as, even $3 million for each episode, in meetings with Hollywood talent agencies, the Journal reported, citing sources familiar with the matter.
Tesla has confirmed it’s in talks with the Chinese government to open a factory in the Shanghai region, as the company aims to fulfill a promise by its CEO Elon Musk to produce 500,000 cars a year by 2018.
“Tesla is deeply committed to the Chinese market, and we continue to evaluate potential manufacturing sites around the globe to serve the local markets,” the company said in an emailed statement.
Nomura picked Frankfurt as the headquarters for its European Union operations after the UK leaves the bloc, Bloomberg reported.
Japan’s biggest brokerage will start preparations this month to form a base in the German financial centre, one of the people said, asking not to be identified as the matter is confidential. The decision will necessitate regulatory approval along with securing the requisite office space before transferring fewer than 100 employees from London to the city, according to the person.
Online pharmacy Zur Rose Group plans to raise up to around 230 million Swiss francs ($236.6 million) in an initial share sale, the Swiss company
said on Thursday, with the cash to help grow operations including its DocMorris unit in Germany.
The IPO, with a price range of 120 francs to 140 francs per share, would value the company at between 780 million francs and 870 million francs, Zur Rose said.
Uber CEO and co-founder Travis Kalanick tells The New York Times that he has resigned. Kalanick, who just last week announced he was taking an indefinite leave from the company he co-founded, was forced out after investors decided the company needed a change in leadership, according to a letter sent to Kalanick and obtained by the Times.
“I love Uber more than anything in the world and at this difficult moment in my personal life I have accepted the investors request to step aside so that Uber can go back to building rather than be distracted with another fight,” Kalanick said in a statement given to the Times.
Nestle has acquired a minority stake in US online meal-kit service Freshly, the latest investment a packaged food major has made in the category.
The world’s largest food maker did not disclose the size of stake it has bought in Freshly but said it was "the lead investor in the $77mln round of new funding" that was announced by Freshly on Monday.
Transportation Security Administration (TSA) announced on Tuesday new fingerprint tech will first undergo proof-of-concept tests at Hartsfield-Jackson Atlanta International Airport and Denver International Airport. TSA did not provide an exact start date, but the evaluation will examine how using fingerprints as both boarding pass and identification will function at security checkpoints over the course of four weeks starting mid-June. It would only work for passengers who previously provided fingerprints by enrolling in the TSA PreCheck screening program.
Panama announced it would break ties with Taiwan and enter into a diplomatic relationship with China Tuesday. The move is a huge coup for China, and signals increasing pressure on the Taiwanese authorities to bend to Beijing’s “one China” policy. Taiwan has strongly condemned the Panamanian decision as “oppressive,” and fueled by “money diplomacy.”
The move was announced by Panamanian President Juan Carlos Varela. After decades of siding with Taiwan in the disagreement, a joint statement said: “The Government of the Republic of Panama recognizes that there is but one China in the world, that the Government of the People’s Republic of China is the sole legal government representing the whole of China, and that Taiwan is an inalienable part of China’s territory.”
