By Alexandria Sage FREMONT, Calif. (Reuters) – Tesla Motors delivered the first of its long-awaited Model X electric sports-utility vehicles on Tuesday, a product investors are counting on to make the pioneering company profitable after years of losses. “I think we got a little carried away with the X,” Chief Executive Officer Elon Musk told reporters ahead of a launch event near the company's Fremont factory, where luxury Model Xs have been moving down the production line in recent weeks, nearly two years behind the company's original schedule. Invited to the event were Model X reservation holders, Tesla employees and Model S and Roadster owners.
(Reuters) – Facebook Inc's social media website was inaccessible for some users on Monday afternoon, its second outage in less than a week. The company's shares were down nearly 4 percent at $89.25 in afternoon trading. Facebook's map on Downdetector.com, which monitors disruptions, showed major outages over parts of North America. (http://bit.ly/1aIqOPd) The social network's mobile app appears to be down as well, but Messenger services appear to be working. A message displayed on facebook.com said “sorry, something went wrong. We're working on it and we'll get it fixed as soon as we can. ..
By Matt Spetalnick and Michael Martina WASHINGTON (Reuters) – President Barack Obama announced on Friday that he had reached a “common understanding” with Chinese President Xi Jinping on curbing economic cyber espionage, but threatened to impose U.S. sanctions on Chinese hackers who persist with cyber crimes. The two leaders also unveiled a deal to build on a landmark emissions agreement struck last year, outlining new steps they will take to deliver on pledges they made then to slash their greenhouse gas emissions. Speaking after White House talks during Xi's first U.S. state visit, Obama quickly homed in on the thorniest dispute between the world's two biggest economies – growing U.S. complaints about Chinese hacking of government and corporate databases, and the suspicion in Washington that Beijing is sometimes behind it.
By Julia Love, Siddharth Cavale and Pauline Askin SAN FRANCISCO/SYDNEY (Reuters) – The iPhone 6s and 6s Plus hit stores around the world on Friday, at the start of what is expected to be a record weekend for sales of Apple Inc's marquee product. Eager buyers – joined by at least one robot – flocked to Apple stores from Sydney to New York, itching to get their hands on new models boasting a 3D touch feature and an improved camera. “The first thing I'm going to do is take a picture,” said Lithuanian student Justina Siciunaite, 25, the first of hundreds to emerge with an iPhone 6s from Apple's flagship store on New York's Fifth Avenue.
By Yimou Lee HONG KONG (Reuters) – On a bustling street in China's southern boomtown of Shenzhen, more than 30 stores carrying Apple Inc's iconic white logos peddle pre-orders for the new iPhone, a gadget that has become a status symbol among many better-off Chinese. Many of the stores look just like Apple's signature outlets, right down to the sales staff kitted out in blue T-shirts bearing the company's white logo and the sample iPads and iWatches displayed on sleek wooden tables. Most of the stores in the roughly 1 km shopping corridor are unauthorized “fakes” – although they are selling genuine Apple products – and their numbers have mushroomed ahead of the release on Friday of the iPhone 6S and iPhone 6s Plus. The rapid increase in copycat Apple stores underscores the popularity of the brand in China, where it doubled its revenue in the third quarter from a year earlier to more than $13 billion, and suggests the U.S. tech giant is on course to shrug off weakening consumer spending in its second biggest market.
By Michael Martina and Eric M. Johnson SEATTLE (Reuters) – Chinese President Xi Jinping sought to reassure U.S. officials on Tuesday that Beijing remains committed to financial reforms and an open economy. “China will not go backward in this process,” Xi said at a forum for U.S. and Chinese governors in Seattle during the first day of his week-long visit to the United States. Xi's visit will include meetings with tech and other top business leaders, a black-tie state dinner at the White House hosted by President Barack Obama and an address at the United Nations.
Apple Inc is stepping up aid to the thousands of migrants that are streaming into Europe from war-torn countries, Chief Executive Officer Tim Cook told employees in an internal message on Friday. Cook wrote in a message on the company's intranet site that the Macbook and iPhone maker will make a “substantial donation” to relief agencies supporting the migrants and will match employee donations to the cause by 2-to-1. The Cupertino, California-based company is also offering customers the option to donate to the Red Cross through its App Store and iTunes Store.
By Heather Somerville and Jane Wardell SAN FRANCISCO/SYDNEY (Reuters) – A significant number of Apple Inc customers are reporting their mobile devices have crashed after attempting to upload the new iOS 9 operating system, the latest in a line of launch glitches for the tech giant. Twitter and other social media were awash with disgruntled customers reporting two distinct faults, with one appearing to be linked specifically to older models of Apple iPhones and iPads. “It is beyond inconvenient to not be able to use your phone for a day,” said student Pip Cordi as staff in the Apple store in central Sydney looked at her phone on Friday.
By Secure Net Shop Although they have many differences, there are definitely a handful of similarities that exist between brick-and-mortar stores and online businesses that are worth taking into consideration. […]