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Tesla Model X 'Unbuildable,' Business Model 'Upside Down': Chevy Volt Guy Bob Lutz Doubles Down

This week Bob Lutz, former GM vice chairman, had his harshest words yet for Tesla.<p>“Tesla’s business model is upside down…their costs have always been higher than their revenue,” said Lutz, formerly the chief General Motors executive behind the development of the plug-in hybrid Chevy Volt, in a CNBC …

Electric Vehicles

Tesla has something alarming in common with another car company

But it hasn't been completely alone. There are, after all, lots of other automakers in the world, and for the most part, they had a terrific 2015.<p>We don't yet know the exact number, but chances are excellent that the year 2015 will come in as the best year ever for the US auto market, with …


VMware is trying to hire angry employees away from crashed unicorn Good Technology

That would be Sanjay Poonen, the general manager running VMware's competitor to Good.<p>He's reaching out to disenfranchised Good employees, trying to hire them for VMware, sources tell us.<p>To recap, Good Technology sold to its long-time competitor BlackBerry for $425 million in September, but as the …


This is what Google Glass 2.0 looks like

Google's not done with Google Glass just yet. We finally have our first look at what the rebooted augmented reality glasses will look like. Spoiler …

Google Glass

Colorado's pot industry is a cash business. A small credit union wants to change that.

Calling itself the "littlest David" battling the "biggest Goliath," a fledgling Colorado credit union took the Federal Reserve to court Monday in a case that may determine whether the cannabis industry will bank openly or continue to operate almost entirely in cash.<p>Denver's Fourth Corner Credit …

China's new counter-terrorism laws force all tech companies to decrypt data

China has adopted counter-terrorism laws that give it a wide range of new powers, including obligations on technology companies to provide assistance when requested.<p>According to Reuters, the new laws were passed into effect on Sunday, having dropped a provision that would require all companies to …

Gonorrhoea could become untreatable, says chief medic

Dame Sally Davies asks GPs and pharmacies to ensure they are prescribing correct drugs after 16 cases of drug-resistant strain of STI this year<p>Gonorrhoea is at risk of becoming an untreatable disease, England’s chief medical officer has said.<p>Dame Sally Davies has written to all GPs and pharmacies …


Kansas is 5th state where lottery prizes may have been fixed

IOWA CITY, Iowa (AP) — The former security chief for a national group that operates state lotteries personally bought two prize-winning tickets in Kansas worth $44,000, investigators said Monday, bringing to five the number of states where he may have fixed games to enrich himself and …

Haider al-Abadi

Big Problems Ahead for Big Oil in 2016

This hasn't been a good year for investors in Big Oil. Shares of the two largest integrated oil majors -- <b>ExxonMobil</b> and <b>Chevron</b> -- have plunged 15% to 20% each this year.<p>ExxonMobil and Chevron Stock Performance, data by YCharts.<p>Still, considering how far oil prices have fallen in the past year and a …

Phnom Penh

Panasonic to buy refrigeration firm Hussmann for over $1.2 billion: sources

Panasonic agreed to buy the stake from Clayton Dubilier & Rice, said the people, who declined to be identified as they were not authorized to speak with media on the matter.<p>Clayton Dubilier & Rice bought the stake from industrial conglomerate Ingersoll-Rand PLC in 2011.<p>After exiting unprofitable …

Martin Shkreli