Nigerian businessman Tony Elumelu, who backed President Barack Obama's Africa Power initiative with a $2.5 billion investment pledge, said the lack of competition in the continent's nascent power ... more 
Nigerian businessman Tony Elumelu, who backed President Barack Obama's Africa Power initiative with a $2.5 billion investment pledge, said the lack of competition in the continent's nascent power sector makes it an investment gem. BlackBerry's May quarter was a disaster. The company posted a surprise loss and shed 4 million subscribers despite the?availability?of both its new BlackBerry-10 flagship phones. BlackBerry shares have plummeted more than 25% since the smartphone-maker's earnings-report. More the 100,000 people have signed a White House petition to allow Tesla to sell cars directly to the public. The White House says it will review any petitions that muster sufficient support and then send them on to "appropriate policy experts" before issuing an official response. less 
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Tue, Jul 2, 2013 3:59 PM EDT