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…
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…
U.S. to press allies to keep Huawei out of 5G in Prague meeting: sources
WASHINGTON/LONDON (Reuters) – The United States will push its allies at a meeting in Prague next month to adopt shared…
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,…
China’s JD.com boss criticizes ‘slackers’ as company makes cuts
SHANGHAI (Reuters) – Richard Liu, the founder of Chinese e-commerce giant JD.com Inc, has weighed in on an ongoing debate…
Amazon buys warehouse robotics startup Canvas Technology
FILE PHOTO: The logo of Amazon is seen at the company logistics centre in Boves, France, January 19, 2019. REUTERS/Pascal…
U.S., China agree to establish trade deal enforcement offices: Mnuchin
WASHINGTON (Reuters) – The United States and China have largely agreed on a mechanism to police any trade agreement they…
Exclusive: Loeb’s Third Point building stake to pressure Sony – sources
(Reuters) – Daniel Loeb’s hedge fund Third Point LLC is building a stake in Sony Corp to push for changes…
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…
Uber, ahead of IPO, sees some time before self-driving cars dominate the road
NEW YORK (Reuters) – Uber Technologies Inc expects it will be a long time before one of its biggest investments,…
As latest round of U.S.-China talks end, ‘significant work’ remains
WASHINGTON (Reuters) – U.S. and Chinese negotiators wrapped up their latest round of trade talks on Friday and were scheduled…
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. lawsuit filed against Boeing over Ethiopian Airlines crash
(Reuters) – A lawsuit against Boeing Co was filed in U.S. federal court on Thursday in what appeared to be…
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…
Boeing rolls out software fix to defend 737 MAX franchise, awaits U.S. regulator’s approval
SEATTLE/WASHINGTON (Reuters) – Boeing Co on Wednesday took its most aggressive moves yet to defend its core 737 airliner franchise,…
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…
Chinese smartphone firms jazz up products, seize turf in home market from Apple
SHANGHAI (Reuters) – Smartphone retailers in China say it’s a tough sell of late with consumers reluctant to upgrade, put…
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…
Ride-hailing firm Lyft launches IPO road show in Uber’s shadow
(Reuters) – Lyft Inc kicked off the investor road show for its initial public offering on Monday, targeting a valuation…
Lyft to launch road show for up to $2 billion IPO: sources
(Reuters) – Ride-hailing platform Lyft Inc will launch the investor road show for its initial public offering on Monday, seeking…
Wall Street gains with tech; S&P 500 posts best week since November
NEW YORK (Reuters) – U.S. stocks rose on Friday, led by technology companies, as a report on progress in U.S.-China…
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…
U.S. telecoms regulator stops clock on Sprint, T-Mobile merger review
WASHINGTON (Reuters) – The U.S. Federal Communications Commission said on Thursday it has halted the informal 180-day “shot clock” on…
Trump says China trade talks going well, predicts ‘good deal’ or no deal
FILE PHOTO: A Benjamin Franklin U.S. 100 dollar banknote and a Chinese 100 yuan banknote with late Chinese Chairman Mao…
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…
Uber not criminally liable in fatal 2018 Arizona self-driving crash: prosecutors
(Reuters) – Uber Technologies Inc is not criminally liable in a March 2018 crash in Tempe, Arizona, in which one…
China says it welcomes delay on U.S. tariff increase
FILE PHOTO: U.S. Trade Representative Robert Lighthizer (7thR), Treasury Secretary Steven Mnuchin, Commerce Secretary Wilbur Ross, White House economic adviser…
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…
U.S., China sprint to seal deal ahead of Trump’s deadline
WASHINGTON (Reuters) – U.S. and Chinese negotiators met for over seven hours on Saturday to resolve their trade dispute and…
Trump says he’s inclined to extend China trade deadline and meet Xi soon
WASHINGTON (Reuters) – President Donald Trump said on Friday there was “a very good chance” the United States would strike…
Italian ruling-party lawmakers push for Huawei ban: paper
FILE PHOTO: The logo of Huawei Technologies in front of the German headquarters of the Chinese telecommunications group in Duesseldorf,…
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…
Samsung announces folding phone with 5G at nearly $2,000
SAN FRANCISCO (Reuters) – Samsung Electronics Co Ltd on Wednesday unveiled a nearly $2,000 folding smartphone in a bid to…
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…
China, U.S. start high-level trade talks in Beijing: Xinhua
U.S. trade representative Robert Lighthizer leaves a hotel in Beijing for talks with Chinese officials, China, February 14, 2019. REUTERS/Thomas…
U.S.’ Mnuchin says ‘looking forward’ to China trade talks
U.S. Treasury Secretary Steven Mnuchin, a member of the U.S. trade delegation to China, leaves a hotel in Beijing for…
Paris seeks $14 million from Airbnb for illegal adverts
FILE PHOTO: The logo of Airbnb is displayed at an Airbnb event in Tokyo, Japan, June 14, 2018. REUTERS/Issei Kato/File…
EA’s ‘Fortnite’ rival wins 10 million gamers in three days
(Reuters) – A game developed by Electronics Arts Inc as a competitor to the wildly popular “Fortnite” has signed up…
Exclusive: Tesla’s delivery team gutted in recent job cuts – sources
SAN FRANCISCO (Reuters) – When Tesla Inc announced last month a second round of job cuts to rein in costs,…
China’s services sector moderates in January but still solid: Caixin PMI
BEIJING (Reuters) – China’s sprawling services sector maintained a solid pace of expansion in January even though growth moderated slightly,…
Amazon removes numerous products from India site as new e-commerce rules bite
NEW DELHI/MUMBAI (Reuters) – E-commerce rules that went into effect in India on Friday caused widespread disruption for Amazon.com, forcing…