Transport app FlixMobility gets Germany’s biggest tech funding round to drive growth
FRANKFURT/MUNICH (Reuters) – Transport app FlixMobility has raised around 500 million euros ($561 million) in Germany’s biggest tech funding round…
U.S. Justice Department may sue to block Sprint, T-Mobile merger: source
WASHINGTON (Reuters) – The U.S. Justice Department has told T-Mobile US Inc (TMUS.O) and Sprint Corp (S.N) to wrap up…
Microsoft shares hit record highs, powered by growing cloud sales
(Reuters) – Microsoft Corp (MSFT.O) on Thursday beat analysts’ estimates for fourth-quarter revenue and profit, driven by continued sales increases…
Bitcoin tumbles as U.S. senators grill Facebook on crypto plans
LONDON (Reuters) – The cryptocurrency market took a beating on Tuesday with bitcoin losing over 10% in value after U.S.…
Symantec ends talks to sell to Broadcom over price: sources
(Reuters) – Cybersecurity company Symantec Corp (SYMC.O) has walked away from negotiations to sell itself to chipmaker Broadcom Inc (AVGO.O)…
Facebook vows Libra currency will wait for approval as U.S. airs worries
WASHINGTON (Reuters) – Facebook Inc said on Monday it would not proceed with the launch of its Libra cryptocurrency until…
T-Mobile, Sprint expected to extend deal date: sources
FILE PHOTO: A smartphone with Sprint logo are seen in front of a screen projection of T-mobile logo, in this…
Amazon founder Bezos’ divorce final with $38 billion settlement: report
FILE PHOTO: 2018 Vanity Fair Oscar Party – Arrivals – Beverly Hills, California, U.S., 04/03/2018 – Amazon CEO Jeff and…
U.S. asks federal court to throw out Huawei lawsuit
The Huawei logo is pictured on the company’s stand during the ‘Electronics Show – International Trade Fair for Consumer Electronics’…
Tesla delivers record number of electric cars in quarter, shares up 7%
SAN FRANCISCO (Reuters) – Tesla Inc (TSLA.O) set a record for quarterly vehicle deliveries in a triumphant response to months…
Disney poaches Netflix film executive for streaming service
FILE PHOTO: The entrance gate to The Walt Disney Co is pictured in Burbank, California February 5, 2014. REUTERS/Mario Anzuoni…
Exclusive: In a world first, Facebook to give data on hate speech suspects to French courts
PARIS (Reuters) – In a world first, Facebook has agreed to hand over the identification data of French users suspected…
UPS will not join FedEx lawsuit against U.S. government
(Reuters) – United Parcel Service Inc said on Tuesday it would not join a lawsuit FedEx Corp filed against the…
FedEx confirms Huawei mail ban as new ‘mistake’ reignites Chinese ire
(Reuters) – FedEx Corp has apologized for another Huawei delivery “mistake,” reigniting Chinese ire and drawing the fire of state…
Velodyne Lidar hires bankers for an IPO: Business Insider
A Velodyne LiDAR sensor is seen mounted on a self-driving vehicle during a self-racing cars event at Thunderhill Raceway in…
Target says registers back online, blames outage on technology issue
(Reuters) – Target Corp on Saturday said its payment registers were back online after a systems outage stopped customers in…
VW to float 10% of truck unit, seeks to raise 1.9 billion euros
FRANKFURT (Reuters) – Volkswagen aims to raise up to 1.9 billion euros ($2.1 billion) by listing truck unit Traton, it…
Bumble owner to spend $100 million on dating apps
(Reuters) – The owner of dating app Bumble said on Friday it would revamp its holding structure and spend $100…
Amazon to shut restaurant delivery service in U.S
FILE PHOTO: The logo of Amazon is seen at the company logistics centre in Boves, France, May 13, 2019. REUTERS/Pascal…
FedEx to end Amazon contract for FedEx Express plane service
(Reuters) – FedEx Corp on Friday decided to not renew its contract with Amazon.com Inc for U.S. cargo delivery through…
Amazon’s Bezos says robotic hands will be ready for commercial use in next 10 years
LAS VEGAS (Reuters) – Amazon.com Inc Chief Executive Jeff Bezos said on Thursday he expects there will be commercial robots…
U.S. moving toward major antitrust probe of tech giants
WASHINGTON (Reuters) – The U.S. government is gearing up to investigate the massive market power of Amazon, Apple, Facebook and…
House panel to probe competition in digital markets
WASHINGTON (Reuters) – The U.S. House of Representatives Judiciary Committee said on Monday it had started a bipartisan investigation into…
Alphabet shares slide 6% on possible DoJ antitrust probe
(Reuters) – Alphabet Inc’s shares closed 6% down on Monday following reports that the U.S. Justice Department may investigate Google…
Huawei accuses U.S. of bullying, says working with Google to respond to ban
Abraham Liu, Huawei Chief Representative to the EU Institutions and Vice-President European Region speaks at a news conference at the…
Exclusive: Google suspends some business with Huawei after Trump blacklist – source
NEW YORK (Reuters) – Alphabet Inc’s Google has suspended business with Huawei that requires the transfer of hardware, software and…
Google parent struggles with mobile clicks, YouTube changes, shares down 7%
(Reuters) – Alphabet Inc’s Google failed to reap the benefits of a strong economy that bolstered rivals in the first…
Intel cuts forecast as China data center sales remain weak
(Reuters) – Chipmaker Intel Corp on Thursday cut its full-year revenue forecast and missed analysts’ estimates for first-quarter sales for…
T-Mobile U.S. profit beats estimates as it signs up more customers
(Reuters) – T-Mobile US Inc first-quarter revenue and profit jumped from a year earlier, beating Wall Street’s estimates, as competitive…
Microsoft tops $1 trillion as it predicts more cloud growth
(Reuters) – Microsoft Corp on Wednesday briefly topped $1 trillion in value for the first time after executives predicted continued…
Tesla promises return to profit in third quarter after large loss, may raise more capital
(Reuters) – Tesla Inc lost $700 million in the first quarter but predicted it would return to profit in the…
Facebook beats profit estimates, sets aside $3 billion for privacy penalty
(Reuters) – Facebook Inc on Wednesday blew away Wall Street profit estimates in the first quarter as it kept a…
CBS suspends CEO search, fuelling Viacom merger expectations
FILE PHOTO: The CBS “eye” and logo are seen outside the CBS Broadcast Center on West 57th St. in Manhattan,…
EBay raises forecast as redesign draws customers, boosts ad revenue
(Reuters) – EBay Inc raised its full-year sales and profit forecasts on Tuesday, as user-friendly changes to its ecommerce platforms…
Snap restarts user growth with original shows, Android overhaul
(Reuters) – Snap Inc’s original shows and rebuilt Android app helped it add Snapchat users for the first time in…
U.S. intelligence says Huawei funded by Chinese state security: report
(Reuters) – U.S. intelligence has accused Huawei Technologies of being funded by Chinese state security, The Times said on Saturday,…
Tesla’s Elon Musk, SEC get another week to work out deal on Twitter use
NEW YORK (Reuters) – Tesla Inc Chief Executive Elon Musk and the U.S. Securities and Exchange Commission will get another…
Hudson Media chief James Cohen to buy National Enquirer
(Reuters) – American Media Inc (AMI) said on Thursday it is selling its tabloid the National Enquirer to James Cohen,…
Foxconn’s Gou says will follow order of sea goddess to run for Taiwan presidency
FILE PHOTO: Terry Gou, founder and chairman of Foxconn, greets during an event that marks the 40th anniversary of the…
Qualcomm shares soar on surprise settlement with Apple of long legal dispute
(Reuters) – Qualcomm Inc on Tuesday won a major victory with a surprise settlement of its wide-ranging legal dispute with…
Foxconn says Gou will remain chairman, to withdraw from daily operations
FILE PHOTO: Terry Gou, founder and chairman of Taiwan’s Foxconn Technology, attends a session of the second annual World Internet…
Hulu spends $1.43 billion to buy back AT&T stake, values streaming service at $15 billion
(Reuters) – Hulu has bought back wireless carrier AT&T Inc’s stake in the U.S. entertainment streaming service for $1.43 billion,…
Twitter’s Jack Dorsey paid $1.40 in 2018
FILE PHOTO: Twitter CEO Jack Dorsey addresses students during a town hall at the Indian Institute of Technology (IIT) in…
Pinterest seeks $15-$17 per share in IPO, below last private valuation
(Reuters) – Pinterest Inc on Monday set a price range of $15 to $17 per share for its initial public…
U.S., China report progress in Beijing trade talks
BEIJING/PALM BEACH, Fla. (Reuters) – U.S. President Donald Trump said on Friday that trade talks with China were going very…
Lyft valued at $24.3 billion in first ride-hailing IPO
(Reuters) – Lyft Inc was valued at $24.3 billion in the first initial public offering (IPO) of a ride-hailing startup…
U.S.’ Mnuchin says had ‘productive working dinner’ in China
FILE PHOTO: U.S. Treasury Secretary Steven Mnuchin, a member of the U.S. trade delegation, speaks to the media upon his…
Tesla’s Elon Musk, SEC to face off in U.S. court on April 4
NEW YORK (Reuters) – Lawyers for Elon Musk and the U.S. Securities and Exchange Commission will square off in a…
Image sharing website Pinterest files for IPO
FILE PHOTO: A Pinterest banner hangs on the facade of the New York Stock Exchange (NYSE) in New York City,…
Musk’s lawyers say U.S. SEC has not met heavy burden to show contempt
FILE PHOTO: SpaceX founder Elon Musk looks on at a post-launch news conference after the SpaceX Falcon 9 rocket, carrying…
Facebook product chief Cox to exit as focus shifts to messaging
(Reuters) – Facebook Inc’s chief product officer and one of its earliest employees, Chris Cox, said on Thursday he is…
Elon Musk’s defense of his Tesla tweet will get SEC response
(Reuters) – The top U.S. securities regulator received permission from a federal judge on Tuesday to respond to Tesla Inc…
Huawei set to announce lawsuit against U.S. as it seeks to strike back
HONG KONG (Reuters) – Huawei Technologies is set to announce a lawsuit on Thursday against the United States, ratcheting up…
Tesla debuts $35,000 Model 3, sees loss in first quarter
SAN FRANCISCO (Reuters) – Tesla Inc said on Thursday it would offer a $35,000 version of its Model 3 sedan…
SK Hynix plans to spend $107 billion building four memory chip plants
SEOUL (Reuters) – South Korea’s SK Hynix Inc on Thursday said it would spend $107 billion building four factories, as…
Microsoft expands political security service to 12 European countries
FILE PHOTO: General view of Microsoft’s logo at Microsoft Corporation headquarters at Issy-les-Moulineaux, near Paris, France, April 18, 2016. REUTERS/Charles…
Huawei founder says Huawei CFO arrest was politically motivated: BBC
(Reuters) – Huawei founder Ren Zhengfei said on Monday that the arrest of his daughter, Huawei Chief Financial Officer Meng…
Britain does not support total Huawei network ban: sources
(Reuters) – British security officials do not support a full ban of Huawei from national telecoms networks despite U.S. allegations…
EU clinches copyright overhaul deal, tech giants in focus
BRUSSELS (Reuters) – The European Union is set to rewrite its two-decades-old copyright rules which will force Alphabet Inc’s Google…