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Google’s Driverless Car Forces US to Think Seriously about Vehicle Autonomy

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With Google testing its driver less car on California highways, the US regulators and auto manufacturers are thinking of what safety measures to take, making vehicle autonomy real. Watchdogs see self-driving cars as terrific means to reduce the traffic accidents and deaths that have declined over past 2 years, while killing nearly 32,000 people last year.

The regulators are now working with potential sellers and designers of the vehicles that can see more driver less cars and that drive better than a human, addressing how to use the tech at the earliest. They are working with makers on how these cars interact with those vehicles, which are driven by humans and what measures to take if any accident happens.

David Strickland of NHTSA said that autonomous cars are the next evolutionary step in terms of safety technology in the passenger flotilla. He said they are yet to test whether or not the technology is reliable.

Senior President for R&D at Volvo, Peter Mertens said that such vehicles won’t start operating overnight. A person or design team is required at the helm of cars for developing for ten to twenty years. The tech research has made the driverless cars to evolve and it may come with some additional features, like cruise control over time that reduce the speed of the car if it finds any other object or vehicle in front of it. It may also get some advanced systems that will allow cars to communicate electronically.

The transportation department at theUSbegan a field test in this August of nearly 3000 connected cars inAnn Arbor,Michigan. These vehicles, featuring wireless devices use GPS to communicate with other cars and roadside objects. NHTSA plans to test next generation’s passenger vehicles using the same technology. Ron Medford, the deputy administrator at the agency that evaluates cars for safety, said that software has to be implemented to control the driverless car.

The search engine giant has modified a Toyota Prius to drive itself using radar sensors, detailed maps, video cameras, and laser rangefinder. Its in-built mechanism lets the driver take the control of the vehicle simply by hitting brakes or holding steering wheel.  Company’s technical leader, Chris Urmson said that they are working hard on the autonomous cars for its foray into the auto field. He said they are proceeding with all the safety consciousness and appropriate caution.

Volvo’s strategy is to eliminate the death of people that are caused by car accidents. Peter said that it’ll completely eliminate the possibility of human life-loss by 2020.

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Tesla, Inc. (TSLA), Amazon (NASDAQ:AMZN) Among Most Active Stocks On NASDAQ

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Tesla, Inc. (TSLA) closed 5.67% higher to $314.74 after the company’s CEO Elon Musk tips off in a series of tweets that the company will have “news” out tomorrow at 5:00 p.m. eastern time. The announcement will arrive a day ahead of the repayment date for $920M worth of convertible bonds issued by the EV automaker.

Tesla doesn’t have any events scheduled for tomorrow on its investor relations site.

Adding to the intrigue (or confusion), Elon Musk has changed his Twitter handle to Elon Tusk and is rocking an elephant emoji.

Why Investors Are Calling ASDN the TSLA of the Sky!

Amazon (NASDAQ:AMZN) is scaling back its Seattle expansion by looking to sublet 30 floors of office space it leased, according to GeekWire.

An Amazon spokesperson confirms the plans, but notes that the company has “more than 9,000 open roles in Seattle and will continue to evaluate future growth.”

Why AMZN is Overvalued and Why ASDN Could Outperform AMZN in 2019

Last year, Amazon laid off hundreds of area employees and fought against local regulations in its hometown.

The Seattle pullback follows the cancellation of the NYC HQ2 location after local protests.

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Latest Developments: Ballard Power Systems Inc. (USA) (NASDAQ:BLDP), EZCORP, Inc. (NASDAQ:EZPW), Fusion-IO, Inc. (NYSE:FIO)

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Ballard Power Systems Inc. (USA)(NASDAQ:BLDP)’s shares jumped 16.57% to $4.15. The company on June 3 held the Company’s 2013 Annual General Meeting in Burnaby, British Columbia at which all of the nominees listed in the Management Proxy Circular dated April 11, 2014 were elected as directors of the Company. Each of the Ballard directors was re-elected by a majority of the votes cast by shareholders present or represented by proxy. At the Annual General Meeting Ballard’s leadership team also provided an update on the business, including: 2013 financial results; 2014 outlook; commercial progress; quality and service developments; and the recent acquisition of the intellectual property portfolio from United Technologies Corporation.

 BLDP Move Over there Is A New Social Media Stock In Town. Read More Here

EZCORP, Inc. (NASDAQ:EZPW)’s stock fell 2.44% to $11.61. The company on June 18 announced the pricing of its $200 million aggregate principal amount of cash convertible senior notes due 2019 (the “Convertible Notes”). The Convertible Notes were offered in a private offering to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). The Company granted an option to the initial purchasers for up to an additional $30 million aggregate principal amount of Convertible Notes. The Convertible Notes will pay interest semiannually at an annual rate of 2.125% and will be convertible solely into cash based on the applicable conversion rate at such time.

Is It The Perfect Time To Reshuffle Your Portfolio With This Multibagger? Find Out Here

Fusion-IO, Inc. (NYSE:FIO)’s shares climbed 1.67% to $11.60. SanDisk on June 16 announced a definitive agreement to acquire Fusion-io (FIO), a leading developer of flash-based PCIe hardware and software solutions that enhance application performance in enterprise and hyperscale datacenters. The acquisition will be an all-cash transaction valued at approximately $1.1 billion, net of cash assumed. Under the terms of the agreement, SanDisk will commence a tender offer for all outstanding shares of Fusion-io for $11.25 per share in cash. SanDisk will fund the acquisition with cash available on its balance sheet.

Don’t Repeat The Mistake By Not Including This Multibagger In Your Portfolio? Grab The Stock Ideas Here

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Stocks In Focus: Oi SA (ADR)(NYSE:OIBR), Genco Shipping & Trading Limited(NYSE:GNK), Zale Corporation(NYSE:ZLC), Celldex Therapeutics, Inc.(NASDAQ:CLDX)

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Oi SA (ADR)(NYSE:OIBR) stock decreased 9.05% to $1.81. Oi SA, formerly Brasil Telecom SA, is a Brazil-based holding company engaged in the telecommunication sector. The Company is primarily involved in the provision of fixed telephony services in Brazilian states of Acre, Rondonia, Mato Grosso, Mato Grosso do Sul, Tocantins, Goias, Parana, Santa Catarina and Rio Grande do Sul. Additionally, it offers a range of integrated telecommunication services, including mobile telecommunication services, data transmission and Internet service provider (ISP) services, among others.

Can Traders Buy OIBR After The Sharp Rise? Get Free Trend Analysis Here

Genco Shipping & Trading Limited(NYSE:GNK) shares fell 6.60% to $3.54. Genco Shipping & Trading Limited (GS&T) transports iron ore, coal, grain, steel products and other drybulk cargoes along worldwide shipping routes through the ownership and operation of drybulk carrier vessels. As of December 31, 2012, GS&T’s fleet consisted of 53 drybulk carriers, including nine capesize, eight panamax, 17 supramax, six handymax and 13 handysize drybulk carriers, with an aggregate carrying capacity of approximately 3,810,000 deadweight tonnages. The average age of the Company’s fleet was approximately 7.8 years as of December 31, 2012.

Is GNK A Strong At The CMP? Get Advantage Of Our Free Trend Analysis Here

Zale Corporation(NYSE:ZLC) shares decreased 8.63% to $14.39. Zale Corporation, through its wholly owned subsidiaries, is a retailer of fine jewelry in North America. The Company operates in three segments: fine jewelry, kiosk jewelry and all other. As of July 31, 2012, the Company operated 1,124 specialty retail jewelry stores and 654 kiosks located mainly in shopping malls throughout the United States, Canada and Puerto Rico. The Company’s fine jewelry segment consists of five brands: Zales Jewelers, Peoples Jewellers, Zales Outlet, Mappins Jewellers, and Gordon’s Jewelers The Company’s kiosk jewelry operates under the brand names Piercing Pagoda, Plumb Gold, and Silver and Gold Connection (collectively, Piercing Pagoda) through mall-based kiosks.

Is ZLC A Good Buy After The Recent Price Movement? Find Out Here

Celldex Therapeutics, Inc.(NASDAQ:CLDX) stock fell 6.27% to $34.41. Celldex Therapeutics, Inc. (Celldex), is a biopharmaceutical company focused on the development and commercialization of several immunotherapy technologies for the treatment of cancer and other difficult-to-treat diseases. The Company’s drug candidates include CDX-110, CDX-011 and CDX-1127. CDX-110, is an immunotherapeutic vaccine that targets the tumor-specific molecule, epidermal growth factor receptor variant III (EGFRvIII). CDX-1127 is a human monoclonal antibody that targets CD27.

Can Traders Buy CLDX After The Sharp Rise? Get Free Trend Analysis Here

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