Microsoft (NASDAQ:MSFT) will give a sneak peek into Windows 9 at a Sept. 30 event in San Francisco.
People familiar with the company's plans say Microsoft will restore corporate user's confidence in the new version of Windows, after alienating some of the "office-worker" segment with the introduction of Windows 8.
Corporate buyers say the operating system did not integrate well into the typical office setup.
Allergan (NYSE:AGN) has reached an agreement with Bill Ackman's Pershing Square and Valeant (NYSE:VRX) to hold a special shareholder meeting on the originally planned date, Dec. 18.
After lining up investors who own a combined 35% of Allergan to support the meeting, Ackman is hoping to replace most of the company's board members with his own nominees, and win support for the takeover offer.
Subsequently, Pershing Square and Valeant have dismissed their lawsuit against Allergan over the timing of the meeting.
ISI says TSLA is not exposed to global emissions standards, which the firm sees as the single largest threat to automotive returns; while conventional OEMs face headwinds of ~$1,350/unit, TSLA's costs will come down with technology advances and scale, the analysts say.
TSLA’s volumes are frequently compared to other electric vehicle sales, but the global market opportunity for TSLA is far greater, ISI says, suggesting 500K units by 2020 is achievable.
Of all TSLA milestones so far, few are as important as the company’s progress in China, the firm says, adding "it is difficult to foresee an OEM better placed than Tesla to assist the government in meeting its goals."
ConocoPhillips (NYSE:COP) is auctioning its 24% stake in the Clair oil field in the U.K. North Sea and hopes to bring in $2B-$3B, FT reports.
The project, which sits in Scottish territorial waters, is one of the U.K.’s most prized oilfields, and FT says COP's interest in exiting the project is a sign of the challenges facing the North Sea oil industry.
Some campaigners for a Yes vote in Thursday’s referendum on Scottish independence have argued that Clair could generate income and tax revenues that would sustain Scotland’s public finances for decades, but industry sources have emphasized the technical difficulties of extracting the oil.
BP is operator of the field and owner of a 28.6% stake; Royal Dutch Shell (RDS.A, RDS.B) also owns 28.6%, while Chevron (NYSE:CVX) owns 19%.
Toyota (NYSE:TM) is reconsidering a move to open a new compact car assembly plant in Mexico after company President Akio Toyoda told planners searching for a site to pause and review its rationale, Reuters reports.
Momentum is said to have been building for a decision this summer on the expansion, with the aim of starting Corolla production in Mexico in a few years, but Toyoda apparently then asked the team to "re-review" the project by year’s end.
TM already has a pickup truck plant in the Mexican state of Baja California, capable of producing 63K Tacoma vehicles a year, but does not have any capacity for passenger cars.