Tesla Motors China Trouble, Small Business Optimism Index and Other Pre-Trading News
Samsung Electronics, Intel Corp (INTC), and Dell will join forces to develop standards for communication between appliances.
I have created a consortium called the Open Interconnect Consortium to develop technology to simplify the interaction between gadgets in the coming era of the so-called “Internet of Things.”
The CEO of General Motors (GM) South Korea warned employees that the impending strike could lead to further production cuts at one of its central Asian manufacturing bases. 15,000 GM union workers in South Korea will vote on Tuesday and Wednesday to strike for an annual summer strike.
Automaker Tesla Motors Inc (TSLA) faces a trademark infringement lawsuit in China, casting a shadow over CEO Elon Musk’s ambitions to enter the world’s largest auto market. However, Tesla said in January that a dispute between the company and Chinese businessman Zhang Baoshen, which analysts viewed as a barrier to the electric car maker’s entry into China, had been resolved.
The automaker began shipping its Model S sedans to Chinese buyers in April. However, Zhang, who registered the Tesla trademark before the American company came to China, took the American company to court, demanding that it stop all sales and marketing activities in China, close showrooms, and pay him 23.9 million yuan ($ 3. 85 million) in compensation.
The US National Federation of Independent Business small business optimism index fell 1.6 points to 95.0 points in June.
NeuroMetrix Inc (NURO) is a 30% premarket after reported that the FDA approved a technology developed by the company to treat chronic pain. The technology uses electrical stimulation of the sensory nerves to relieve pain.
