Latest Business News: HTC's Lowest-Cost Smartphone to Date

HTC Corp.'s least-expensive smartphone to date hit Taiwan shelves, priced at less than a third of its flagship device. FedEx Corp posted a bigger than expected quarterly profit as its ground shipment business did well, and the company saw benefits from lower jet fuel prices. According to Tesla CEO Elon Musk, some of the Model S vehicles who were produced between May 10 and June 8 may contain a defect to the mounting bracket on the left-hand latch in the second-row seat.
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