But first, a check of your Bloomberg Top headlines. A chinese smartphone maker is getting into the tablet business as it broadens its challenge to apple and samsung. The Xiaomi Mi Pad has a seveninch screen and uses the same software as android. We look at how it may shake up the Chinese Market later this hour. And Cloud Computing company rackspace has hired Morgan Stanley to explore strategic options. Could mean a sale to a larger company, a going private transaction, or any type of option, really. Shares have slumped 22 this year. The u. S. Air force says it is spending 60 million to hire 100 people working on certifying elon musks spacex satellite. To our lead story, uber in talks to raise a new round of funding, nearly tripling the valuation from its last private deal last year according to people with knowledge of the matter who say that uber is talking about raising less than 1 billion and a new private equity round. If it goes through, it would join an elite club of startups val
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