Cheaper sensors could speed more self-driving cars to market by 2022
(Reuters) – The first heavily automated mass-market vehicles for consumers could go on sale as soon as 2022, if one…
Hong Kong police fire rubber bullets as extradition bill protests turn to chaos
HONG KONG (Reuters) – Hong Kong police fired rubber bullets and tear gas at demonstrators who threw plastic bottles on…
South Korean firm Yanolja that reinvented love hotels gets Booking, GIC funding
SEOUL (Reuters) – Yanolja’s gentrification of South Korean love hotels has brought the company a valuation of more than $1…
Capgemini expands with technology venture capital fund
FILE PHOTO: The logo of Capgemini is pictured during the Viva Tech start-up and technology summit in Paris, France, May…
End of the road for Volkswagen’s self-driving Aurora deal
FILE PHOTO: The logo of German carmaker Volkswagen is seen at the Volkswagen (VW) automobile manufacturing plant in Puebla near…
Tesla to shrink board to seven directors from 11
(Reuters) – Tesla Inc said on Friday that four members of its eleven-member board would be leaving over the next…
GE explores stake sale in Enel renewables joint venture: sources
(Reuters) – General Electric Co is exploring a sale of its 50 percent stake in a renewable energy joint venture…
Blackstone CEO Schwarzman pockets at least $568 million in 2018: filing
FILE PHOTO: Stephen A. Schwarzman, chairman and CEO of Blackstone, attends the World Economic Forum (WEF) annual meeting in Davos,…
Exclusive: KKR, China’s Tencent eyeing bids for Universal Music – sources
LONDON (Reuters) – U.S. buyout fund KKR and China’s Tencent Music Entertainment Group are exploring rival bids for up to…
Exclusive: Food retailer Smart & Final explores sale – sources
FILE PHOTO – A Smart & Final Stores Inc sign is pictured at one of its stores in Encinitas California…
Israel’s InterCure to ramp up medical cannabis production: chairman
JERUSALEM (Reuters) – InterCure plans to expand into 10 countries in the next two years to meet growing demand for…
Italy drugmaker Zambon ready to splash out in U.S., China push
MILAN (Reuters) – Italian drugmaker Zambon is looking to China and the U.S. to grow its respiratory and nervous system…
Sears Chair Lampert makes $4.4 billion bid to keep retailer alive
(Reuters) – Sears Holdings Corp Chairman Eddie Lampert submitted a $4.4 billion takeover bid for the bankrupt U.S. retailer, representing…
Zynga buys Empires & Puzzles gamemaker in largest deal to date
(This story corrects paragraph 7 to say Zynga acquired a unit of Peak Games, and not the entire company. The…
Intel, TPG in early talks to sell McAfee to Thoma Bravo: source
McAfee computer security software is shown for sale at a computer store in San Marcos, California, U.S., May 15, 2017.…
SoftBank’s record IPO reaches $23.5 billion after extra share sale
TOKYO (Reuters) – SoftBank Group Corp (9984.T) is set to raise 2.65 trillion yen ($23.5 billion) in Japan’s biggest-ever IPO…
Red-hot U.S. jobs market drives some to seek cooler options
POCATELLO, Idaho (Reuters) – When Sean Luangrath joined Pocatello, Idaho-based Inergy Solar a few years ago, the plan was to…
Uber makes confidential filing for long-awaited IPO
NEW YORK/SAN FRANCISCO, (Reuters) – Uber Technologies Inc has filed paperwork for an initial public offering, according to three people…
Exclusive: Elliott steps in to boost Arconic’s sale process – sources
(Reuters) – Elliott Management Corp, the activist hedge fund that sits on Arconic Inc’s (ARNC.N) board, has stepped in to…
U.S. regulators snip red tape for medical devices to curb opioid crisis
(Reuters) – Laura Perryman expected her medical company, Stimwave Technologies Inc, would have to wait several years for its painkilling…
Slump persists, China fails to stimulate markets hobbled by pledged shares
SHANGHAI (Reuters) – China is struggling to restore confidence in its stock markets, which are being weighed down by a…
Fiat Chrysler agrees to sell Magneti Marelli to Calsonic Kansei: sources
MILAN/LONDON (Reuters) – Fiat Chrysler (FCHA.MI) (FCA) has agreed to sell its Magneti Marelli unit to KKR’s (KKR.N) Calsonic Kansei,…
Exclusive: CrowdStrike hires Goldman Sachs to lead IPO – sources
(This October 19 story corrects penultimate paragraph to show that Tenable shares have gained, not declined, since the company’s IPO)…
Comcast outbids Fox with $40 billion offer for Sky in auction
LONDON (Reuters) – Comcast (CMCSA.O) beat Rupert Murdoch’s Twenty-First Century Fox (FOXA.O) in the battle for Sky (SKYB.L) on Saturday…
Campbell, Third Point urge shareholders to vote for two different boards
(Reuters) – Campbell Soup Co (CPB.N) and hedge fund Third Point LLC on Friday filed preliminary proxy materials urging the…
Israeli radiation therapy firm Alpha Tau raises $29 million
TEL AVIV (Reuters) – Alpha Tau Medical, an Israeli developer of alpha radiation cancer therapy, said on Wednesday it raised…
UK’s Sky to invest in Israeli VC fund and open Berlin office
(Reuters) – Pay-TV group Sky plans to step up investments in tech start-ups in Europe and the Middle East by…
U.S. stock fund investors show no fear of King Dollar
NEW YORK (Reuters) – U.S. fund investors are in no rush to shore up defenses against the strong dollar. Traders…
Papa John’s taps investment banks amid pressure from founder: sources
NEW YORK (Reuters) – Papa John’s International Inc (PZZA.O), the world’s third-largest pizza delivery company, has hired Bank of America…
Exclusive: Carlyle starts preparations for listing of chemicals group Atotech – sources
FRANKFURT (Reuters) – Buyout group Carlyle (CG.O) is starting preparations for a stock market listing of German speciality chemicals group…
Musk says talking to Saudi fund, others on Tesla buyout
(Reuters) – Tesla Inc (TSLA.O) Chief Executive Elon Musk said on Monday he was in discussions with Saudi Arabia’s sovereign…
Exclusive: Saudi Arabia’s PIF has shown no interest in bankrolling Tesla buyout
DUBAI/RIYADH/LONDON (Reuters) – Saudi Arabia’s Public Investment Fund (PIF) has shown no interest so far in financing Tesla Inc (TSLA.O)…
Buffett’s Berkshire offers loan to owner of former Sears properties
NEW YORK (Reuters) – Billionaire Warren Buffett’s Berkshire Hathaway Inc (BRKa.N) is loaning up to $2 billion to the company…
GSK’s new R&D head bets on genetics with $300 million 23andMe deal
LONDON (Reuters) – GlaxoSmithKline’s new research boss aims to turbo-charge the British group’s drug discovery engine with a $300 million…
Fiat Chrysler picks Jeep boss as CEO as Marchionne’s health worsens
MILAN/PARIS (Reuters) – Sergio Marchionne was replaced as chief executive of Fiat Chrysler (FCA) on Saturday by the head of…
Netflix shares tank after big miss on subscriber growth
(Reuters) – Netflix Inc’s subscriber growth fell short of Wall Street expectations on Monday, sending shares of the normally high-flying…
Dell moves to go public, spurns IPO
(Reuters) – Dell Technologies Inc said on Monday it would pay $21.7 billion in to buy back shares tied to…
Theranos founder Holmes, former president indicted for fraud
(Reuters) – Theranos Inc founder Elizabeth Holmes and the embattled blood-testing company’s former president were indicted on charges that they…
Theranos founder Holmes, former president indicted for fraud
(Reuters) – Theranos Inc founder Elizabeth Holmes and the embattled blood-testing company’s former president were indicted on charges that they…
Walmart sells majority of Brazil unit, takes $4.5 billion charge
NEW YORK/SAO PAULO (Reuters) – Walmart Inc (WMT.N) said on Monday that it has sold an 80 percent stake in…
Walmart sells majority of Brazil unit, takes $4.5 billion charge
NEW YORK/SAO PAULO (Reuters) – Walmart Inc (WMT.N) said on Monday that it has sold an 80 percent stake in…
Sorrell plots comeback with new listed company after WPP exit
(Reuters) – Martin Sorrell is staging a comeback just six weeks after he was ousted from WPP (WPP.L), using the…
Beer maker AB InBev pumps up the volume in Africa
JOHANNESBURG/BRUSSELS/LONDON (Reuters) – Sitting outside the ramshackle Vimba Tavern in Johannesburg’s Alexandra township, Patrick Mashego swigs from a one-liter bottle…
LaSalle Hotel accepts Blackstone’s $3.7 billion cash offer
(Reuters) – LaSalle Hotel Properties (LHO.N) decided to sell itself to private equity firm Blackstone Group LP (BX.N) for $3.7…
ISS sides against two Tesla directors, backs split of Musk’s roles
BOSTON (Reuters) – Proxy adviser Institutional Shareholder Services (ISS) recommended on Friday that investors vote against Tesla Inc (TSLA.O) directors…
Sivantos and Widex in $8 billion merger to create No.3 in hearing aids
COPENHAGEN/FRANKFURT (Reuters) – Hearing aid makers Widex and Sivantos are merging to create an industry number three that can invest…
A bid to save $300 million at HCR ManorCare, and disrupt U.S. healthcare
CHICAGO (Reuters) – Thomas DeRosa is making a $4 billion bet that he can build a national, low-cost healthcare network…
Toshiba says memory chip unit sale to boost annual profit by a third
TOKYO (Reuters) – Japan’s Toshiba Corp said it expects net income to jump 33 percent this financial year thanks to…
Xerox abandons planned deal with Fujifilm in victory for Icahn and Deason
NEW YORK/TOKYO (Reuters) – Xerox Corp (XRX.N) has scrapped a planned $6.1 billion deal with Fujifilm Holdings Corp (4901.T) in…
Walmart may launch IPO for Flipkart in as early as four years
MUMBAI (Reuters) – Walmart Inc (WMT.N) said on Saturday in a filing with a U.S. regulator that it may take…
Silver Lake to buy Zoopla and PrimeLocation for $3 billion
(Reuters) – Silver Lake Management Company has agreed to acquire ZPG plc (ZPG.L), the owner of British property websites Zoopla…
Walmart to buy controlling stake in India’s Flipkart for $16 bln
MUMBAI/NEW YORK (Reuters) – Walmart Inc (WMT.N) will pay $16 billion for a roughly 77 percent stake in Indian e-commerce…
Vodafone challenges Deutsche Telekom with $21.8 billion Liberty deal
LONDON (Reuters) – Vodafone (VOD.L) has agreed to pay $21.8 billion to buy Liberty Global’s (LBTYA.O) assets in Germany and…
Lack of Wall Street back-office deters mainstream crypto investments
NEW YORK (Reuters) – Mundane back-office concerns are giving pause to potential investors in digital currency hedge funds who have…
Exclusive: Hudson’s Bay seeks to revive Lord & Taylor’s fortunes
(Reuters) – Hudson’s Bay Co (HBC.TO) is working with investment bankers and consultants to identify deals and new measures to…
Tesla’s Musk calls Wall Street snub ‘foolish’ but defends his behavior
(Reuters) – Tesla Inc (TSLA.O) Chief Executive Officer Elon Musk acknowledged on Friday that it was “foolish” of him to…