Elon Musk has put the Model S on sale via Alibaba’s Tmall.com website. Buyers won’t be able to customize their vehicles; instead they’ll have a choice of 18 pre-configured models. No word as to when the cars will ship, but buyers are being asked to put down a $8,200 deposit.
Botched maintenance shut down a crucial part of the country’s payment system, which delayed big-ticket transfers between banks and affected house purchases. These payments were processed manually, but thankfully, the system is back up. Card payments and other routine consumer transactions were unaffected.
7 hours ago
Sweden is hunting for a suspected Russian submarine.
Military officials say they are sweeping the seas around Stockholm based on reports of “foreign undersea activity.” It has so far mobilized its largest force since the end of the Cold War to find the ship, which was at one point less than 50km (30 miles) from Stockholm.
4 hours ago
Chart of the Moment
Goldman didn’t get the memo about the slowing economy.
October 19, 2014
IBM can’t even give its chip business away.
Big Blue has agreed to pay GlobalFoundries $1.5 billion to take its money-losing chip manufacturing unit off its hands, sources told Bloomberg. IBM will receive $200 million in assets to defray the cost slightly, and will receive crucial processors from GlobalFoundries under a new 10-year agreement.
October 20, 2014
“Outside forces” were blamed for Hong Kong protests.