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Melco Crown CEO says willing to outspend rivals on Japan casino

´╗┐TOKYO Melco Crown Entertainment (MPEL. O) is ready to outspend rival casino operators to build a Japanese casino, its chief said on Wednesday, a day after Las Vegas Sands Corp (LVS. N) put a price tag of up to $10 billion on a facility in Japan. "We'll absolutely spend whatever we need to win," Chairman and Chief Executive Officer Lawrence Ho told reporters at an investor conference in Tokyo. Sands' Chairman and Chief Executive Officer Sheldon Adelson said on Tuesday an "integrated resort" in Japan would cost between $6 and $10 billion to build.

MGM Resorts International (MGM. N), also vying for operating rights in Japan, said in October it is ready to bet up to $10 billion on a Japanese casino.

Musk says Tesla to run contest for homemade commercials

´╗┐Elon Musk, an active Twitter user, has been Tesla's mouthpiece to the public, informing them about the electric car maker's upcoming products and plans. On Wednesday, in response to a letter by a fifth grade student, the founder and chief executive of Tesla made another announcement on the social media platform - the company will hold a contest for homemade advertisements. Bria, daughter of Twitter user Steven, suggested that Musk should run a competition to find the best homemade commercial for Tesla, which has been averse to commercials."Thank you for the lovely letter. That sounds like a great idea. We'll do it!" Musk responded to the letter in a tweet. bit.ly/2mN9X3N

Bria, who aspires to be a politician, wrote in the letter that Tesla cars were the "best thing" she had ever seen and that she hoped to drive a Tesla car in the future. "You could give the winners a year of free Supercharging or a Model 3 Easter Egg or something," Bria suggested in the letter, which was written for a school project.

"The cool part is that you still won't be taking the time and money to advertise for yourself," she wrote, adding "it would be so cool if you could hook me up with a Tesla t-shirt." She also expressed her disappointment over Tesla cars not being sold in Michigan.

Uber rival Lyft looking to raise $500 million fresh funds: source Uber competitor Lyft is pitching investors on a new funding round and hopes to net at least $500 million, according to a source familiar with the matter.

Yahoo says about 32 million accounts accessed using 'forged cookies' Yahoo Inc , which disclosed two massive data breaches last year, said on Wednesday that about 32 million user accounts were accessed by intruders in the last two years using forged cookies.

Facebook's Oculus cuts price of virtual reality set by $200 SAN FRANCISCO Facebook Inc's virtual reality unit Oculus has cut $200 from the total price of its flagship hardware set, in a bid to expand the system's base of video game players, the company said on Wednesday.