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Bloomberg Texas farmers are assessing damage caused by Hurricane Harvey after it slammed into the coast, knocking over grain storage tanks and damaging cotton crops. At least 100 cotton storage modules —capable of holding 13 to 15 bales —blew away in the Gregory area, said farmer Jeff McKamey, who owns a cotton gin that suffered minor damage when part of ...

Bloomberg Rocket Internet SE-backed e-commerce coupon business Global Savings Group became profitable for the first time, a boon for the Berlin-based startup factory that’s been under pressure to prove it can turn its units into money-making machines. Global Savings, about 40 percent owned by Rocket, said its gross merchandise value, a measure for sales it generates for retailers, about doubled ...

Bloomberg Volkswagen AG operated a top-secret site at its sprawling headquarters to test the diesel technology at the heart of the emissions-cheating scandal, reflecting the lengths those involved went to conceal their actions, people familiar with the matter said. Some engineers used the research facility in Wolfsburg, Germany, to upload the software that manipulated regulatory emissions checks, one of the ...

Bloomberg Neuralink Corp., the startup co-founded by billionaire Elon Musk, has taken steps to sell $100 million in stock to fund the development of technology that connects human brains with computers. The San Francisco-based company has already gotten $27 million in funding, according to a filing with the US Securities and Exchange Commission. Musk said Neuralink isn’t seeking outside investors. ...

Bloomberg The Energy Department, in a long-anticipated report on the security of the US electric grid, makes the case for rescuing the nation’s coal industry from widespread plant shutdowns, but stops short of an assault on renewable power that environmentalists had feared. The study, commissioned by Energy Secretary Rick Perry who has warned that policies favoring solar and wind may ...

Bloomberg Royal Dutch Shell Plc is investigating a solar power project in an Australian region better known for its fossil fuels, particularly coal. The company is studying the feasibility of a solar development on its land in the Western Downs area of Queensland, which is subject to a final investment decision, a spokeswoman said by email. Though Shell’s statement didn’t ...

Bloomberg Sunrun Inc., the residential solar company that’s boosting market-share, rose to a 52-week high last week after saying it will tap a partnership with the biggest US cable-TV company to add new customers. Comcast Corp. and Sunrun agreed to a 40-month partnership after a trial showed that cable customers had interest in solar products, according to a statement. San ...

Bloomberg India is intensifying a crackdown on Chinese technology companies with a government official saying security testing of China’s UC Browser is being done to see if it’s leaking data. Testing on the popular browser made by Alibaba Group Holding Ltd.’s UCWeb is under way and the government is awaiting a report before deciding on any action, Ajay Prakash Sawhney, ...

Bloomberg Chairman Koos Bekker countered criticism Naspers Ltd. relies too heavily on its $132 billion stake in Chinese media company Tencent Holdings Ltd. by reminding investors that they would have been a lot poorer if he’d given in to similar pressure to sell the holding years ago. “Five years ago there was also a lot of unhappiness,” Bekker told shareholders ...

Bloomberg Baidu Inc. sold control of its unprofitable food delivery business to a startup backed by Alibaba Group Holding Ltd. as the search engine cuts back on cash-burning ventures to focus on artificial intelligence Baidu will become a shareholder in Ele.me after the Alibaba-backed firm completes its purchase of the Waimai business, the companies said. No price was released and ...