It’s a golden age of convenience for consumers ordering transportation, lodging, groceries and even massages from the comfort of wherever they choose with their mobile devices. But the on-demand or “sharing” economy has forced established businesses, lawyers and regulators to adjust. Sometimes, the upstart techs have to do the adjusting. Among the issues common to many disruptive technologies is whether their staffs are employees
Tesla Motors (TSLA) has inked a couple key new deals for its batteries to be used in big power projects, after debuting its Tesla Energy business unit in April and showing off Tesla Powerwall batteries for the home. That sent Tesla stock to a 2015 high. Ireland-based wind energy and energy-storage company Gaelectric Group said Thursday that it will deploy Tesla Energy’s first battery power utility-scale project there next year — a one-megawatt
Avago Technologies’ (AVGO) $37 billion takeover of Broadcom (BRCM) would create the world’s No. 3 chipmaker by revenue and may trigger a rush of similar-sized deals in the industry. The takeover could also send earnings even higher for the Singapore-based maker of radio-frequency chips. On Thursday, Avago said fiscal Q2 earnings per share leapt 151% to $2.13, as revenue soared 135% to $1.645 billion. Analysts had modeled EPS of $2.01 and $1.635