|Asia shares slip, crude steadies; U.S. jobs in focus|
By Lisa Twaronite TOKYO (Reuters) - Asian shares dipped on Thursday after lower crude oil prices dented Wall Street and a pair of Chinese manufacturing surveys did little to inspire investors as markets waited to see if U.S. employment data could put the Federal Reserve on track to hike interest rates. Crude oil futures took back some lost ground after skidding on news of a large weekly build in U.S. crude and distillate stockpiles and a smaller-than-expected drawdown in gasoline. MSCI's broadest index of Asia-Pacific shares outside Japan extended early losses and was down 0.5 percent, while Australia's S&P/ASX 200 index was down 0.4 percent.
|SolarCity advisor Lazard made mistake in deal with Tesla|
While the purchase price was within the valuation range that Lazard came up with for SolarCity even after accounting for the miscalculation, the error illustrates how even leading investment banks can make mistakes on some of the most high-profile deals. The mistake came after Tesla and SolarCity co-founder Elon Musk, who is the largest shareholder in both companies, went out of his way to create processes and structures, including a special board committee at SolarCity, aimed at alleviating concerns that he used his influence to force the two companies into a deal.
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