Nissan Motor says it has lifted U.S. production of its all-electric Leaf by about 50 percent to 3,000 units a month to meet growing demand for the car. Jose Munoz said the Leaf logged record sales of 2,500 units in December and is now the best-selling car in some dealerships in Atlanta, where the government is helping promote the technology. One factor is the increase in charging stations in Atlanta and other cities such as Seattle and San Francisco on the West Coast.
Google's decision this week to buy high-tech thermostat maker Nest for $3.2 billion is creating more than just the usual winners whenever a start-up cashes out for a big amount. Among the beneficiaries is Nathan Myhrvold, the former Microsoft research chief who now oversees a giant patent portfolio at Intellectual Ventures. Myhrvold's firm entered the picture when Nest bought some patents from Intellectual Ventures and worked out a licensing agreement that gave it access to a much wider range of patents that could be used for defensive purposes. With the future looking very bright for Nest, Myhrvold and other investors may have found their showcase success.
The board of Monte dei Paschi di Siena has unanimously confirmed its faith in CEO Fabrizio Viola despite him being forced to delay a crucial capital increase, the bank said on Tuesday. Viola had threatened to resign last month after a shareholder meeting voted down his proposal to launch the 3-billion euro share issue this month. Italy's third-largest bank said its management would work towards carrying out a 3-billion euro rights issue as soon as feasible and on the best possible terms, despite the cash call being postponed until at least mid-May.
JPMorgan Chase's CEO Jamie Dimon said more Target-sized security breaches will happen if banks and retail stores don't start working together to further protect customers' data. JPMorgan has replaced 2 million credit and debit cards as a result of the Target breach, Dimon said. However, the bank hasn't seen a reduction in consumer spending due to the breach, and there are no signs that consumers moved to other forms of payment, like cash or checks.