Questions loom over Tesla deal after Elon Musk reveals link to Saudi Arabia

SAN FRANCISCO (AP) — Tesla CEO Elon Musk’s elaboration on his plan to engineer a buyout of the electric car maker could get the Silicon Valley maverick into legal trouble by revealing that the deal is far more uncertain than how he initially described it in his brash tweet last week. If everything falls into place, Musk plans to buy Tesla from any existing shareholders willing to sell using money raised through Saudi Arabia’s sovereign wealth fund. Until his Monday blog post, Musk hadn’t identified the source for financing a…

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Tesla CEO Musk taunts short sellers amid legal scrutiny

WASHINGTON (AP) — Tesla CEO Elon Musk used Twitter late Friday to taunt investors who have bet against his company, even though his previous Twitter comments have spurred a government investigation and shareholder lawsuits. The tweets are aimed at “shorts,” or investors who borrowed shares of Tesla and immediately sold them with the hope that Tesla’s share price would fall. That would allow the shorts to buy back the stock at a lower price, return the shares to the lender, and pocket the difference. Shorting a stock can temporarily lower…

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Changes sought by Baker cloud future of proposed laws

BOSTON (AP) — In their scramble to approve numerous major bills before formal sessions ended for the year on July 31, Massachusetts lawmakers failed to leave themselves time to properly consider objections that Republican Gov. Charlie Baker has raised with some of the proposed new laws. As a result, several measures that passed in the last-minute rush, including ones that call for taxing short-term rentals and better protecting consumers against data breaches, remain in a sort of legislative limbo — with no clear indication what might happen next. The House…

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BMW apologizes over engine fires caused by hardware problem

SEOUL, South Korea (AP) — BMW AG’s Korean unit apologized Monday over engine fires that prompted recalls and a probe, seeking to allay concerns over images of cars engulfed in flames. BMW Korea Chairman Kim Hyo-joon said the German carmaker will fully cooperate with the transport ministry’s investigation and complete emergency safety inspections of its vehicles by next week. More than 20 cases of BMW fires have been reported in South Korea, mostly in July. Images and videos of BMW sedans engulfed in smoke and gutted by fires caused alarm…

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Testing finds flaws with electronic car safety systems

DETROIT (AP) — Cars and trucks with electronic driver assist systems may not see stopped vehicles and could even steer you into a crash if you’re not paying attention, an insurance industry group warns. The Insurance Institute for Highway Safety, in a paper titled “Reality Check,” issued the warning Tuesday after testing five of the systems from Tesla, Mercedes, BMW and Volvo on a track and public roads. The upshot is while they could save your life, the systems can fail under many circumstances. “We have found situations where the…

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Renewable resort: Greek island to run on wind, solar power

TILOS, Greece (AP) — When the blades of its 800-kilowatt wind turbine start turning, the small Greek island of Tilos will become the first in the Mediterranean to run exclusively on wind and solar power. The sea horse-shaped Greek island between Rhodes and Kos has a winter population of 400. But that swells to as many as 3,000 people in the summer, putting an impossible strain on its dilapidated power supply. This summer, technicians are conducting the final tests on a renewable replacement system that will be fully rolled out…

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Maine ranks last in New England for internet access

BANGOR, Maine (AP) — A U.S. Census Bureau study ranks Maine last in New England for broadband internet access but finds the state is on par with national averages. The Bangor Daily News reports the study released Wednesday found that 80.7 percent of Maine households subscribed to broadband internet in 2016. That’s compared with 81.4 percent of household nationally. Maine lagged behind all other New England states. New Hampshire led the pack with 86.4 percent of households having broadband internet. The study comes as Maine and other states have tried…

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Former UN Secretary-General Kofi Annan dies at age 80

GENEVA (AP) — Kofi Annan, one of the world’s most celebrated diplomats and a charismatic symbol of the United Nations who rose through its ranks to become the first black African secretary-general, has died. He was 80. His foundation announced his death in Switzerland’s capital, Bern, on Saturday in a tweet, saying he died after a short unspecified illness. It did not give details and remembered the Nobel Peace Prize winner as “radiating genuine kindness, warmth and brilliance in all he did.” The president of Ghana, where Annan was born,…

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Maureen Dowd, David Hogg, Joi Ito announced as speakers for HUBweek 2018

Activist David Hogg, New York Times columnist Maureen Dowd, and MIT Media Lab director Joi Ito are among the presenters scheduled to appear at HUBweek 2018. The “festival for the future” founded by The Boston Globe, Harvard, Massachusetts General Hospital, and MIT in December 2014 will once again take over City Hall Plaza this fall, from Oct. 8-14, with a series of activations, installations, and conversations centered around the intersections of art, science, and technology. “The HUBweek 2018 theme is We the Future. It’s intended to be a call to action…

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Silver Lake helped to take Dell Inc. private. Now, the firm is working with Elon Musk.

Michael J. de la Merced New York Times News Service, August 15, 2018 The private equity firm Silver Lake is again working with a tech founder who has ambitions to remove his company from Wall Street’s harsh light. Five years ago, Silver Lake teamed up with Michael Dell to help take Dell Inc. private — a deal worth $24.4 billion. Now, Silver Lake is working with Elon Musk, Tesla’s founder and chief executive, as he scrambles to take the electric carmaker private, The New York Times reported, citing people with…

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