STOCKHOLM (Reuters) - Struggling mobile telecom gear maker Ericsson proposed Ronnie Leten, former CEO at Atlas Copco, as its new chairman, it said on Monday. “Mr Leten is a very skilled businessman, technically savvy and strategically versatile,” Johan Forssell, chairman of the Nominatio...
(Reuters) - Uber said on Monday it would suspend its unlicensed service UberPOP in Oslo until Norway introduces new rules, as the U.S. ride-hailing app adopts a more conciliatory tone with national authorities. The move follows a similar one-year suspension in Finland in July to allow a new taxi law...
PARIS (Reuters) - Altice, the acquisitive telecoms and cable group founded by billionaire Patrick Drahi, announced on Monday a debt refinancing deal which it said would lead to cost savings on interest payments and extend its debt maturity. The company’s Altice International and SFR divisions ...
In May, KrebsOnSecurity broke a story about lax security at a payroll division of big-three credit bureau Equifax that let identity thieves access personal and financial data on an unknown number of Americans. Incredibly, this same division makes it simple to access detailed salary and employment hi...
In May, KrebsOnSecurity broke a story about lax security at a payroll division of big-three credit bureau Equifax that let identity thieves access personal and financial data on an unknown number of Americans. Incredibly, this same division makes it simple to access detailed salary and employment hi...
SYDNEY (Reuters) - The World Solar Challenge began on Sunday with 42 solar cars crossing Australia’s tropical north to its southern shores, a grueling 3,000 km (1,864 mile) race through the outback. The race from the northern city of Darwin to the southern city of Adelaide is expected to take ...
WASHINGTON (Reuters) - The U.S. Federal Communications Commission said late on Friday it had approved Alphabet Inc’s application to provide emergency cellular service to Puerto Rico through balloons. In the aftermath of Hurricane Maria, Puerto Rico has struggled to regain communications servic...
(Reuters) - Tesla Inc (TSLA.O) Chief Executive Elon Musk on Friday pushed back the unveiling of the company’s big rig truck until mid-November, tweeting that the electric vehicle maker was diverting resources to fix production bottlenecks of its new Model 3 sedan and to help Puerto Rico. Musk ...
(Reuters) - Tesla Inc (TSLA.O) Chief Executive Elon Musk tweeted that the electric carmaker was “deep in production hell”, just days after the company said it would fall behind its planned ramp-up for the new Model 3 sedan due to production bottlenecks. Tesla has been struggling to meet ...
(Reuters) - Tesla Inc (TSLA.O) Chief Executive Elon Musk said the electric carmaker will unveil its semi-truck on Nov. 16 as it diverts resources to fix Model 3 production bottlenecks and increase battery production for Puerto Rico. The unveiling of the truck, called Tesla Semi, has been delayed for...
(Reuters) - Shares of drug retailers Walgreens Boots Alliance Inc (WBA.O), CVS Health Corp (CVS.N) and Rite Aid Corp (RAD.N) tumbled on Friday after reports that Amazon.com Inc (AMZN.O) was looking to make a move into selling drugs online. Amazon is reported to be in discussions with mid-market phar...
(Reuters) - U.S. electric car and battery maker Tesla Inc’s CEO Elon Musk said on Friday the company will send more battery installers to Puerto Rico to help restore power after Hurricane Maria knocked out all power on the island over two weeks ago. Musk also said in a tweet that he looked for...
(Reuters) - Apple Inc (AAPL.O) said on Friday its general counsel, Bruce Sewell, will retire and be succeeded by former Honeywell International Inc (HON.N) executive Katherine Adams, who will take over Apple’s multinational legal battle against Qualcomm Inc (QCOM.O). Adams, who will also be se...
TAIPEI (Reuters) - Taiwan Semiconductor Manufacturing Co (TSMC) will remain an industry leader, with growth driven by the Internet of Things (IoT), automotive, high-performance computing (HPC) and mobile, its chairman Morris Chang said in an interview. Chang, 86 and dubbed the father of Taiwan&rsquo...
HELSINKI (Reuters) - He runs a company that is a byword for technological innovation -- but Nokia’s chairman had no qualms about going back to school to learn more about artificial intelligence (AI). Risto Siilasmaa, 51, said he signed up this summer for online courses on AI programming run by...
(Reuters) - Shares of Switch Inc, which provides data center services to Amazon, eBay and JP Morgan among others, rose 34 percent in their market debut on Friday, giving the company a market capitalization of $5.63 billion. Switch’s IPO was priced at $17 per share, above the previously outline...
MOSCOW (Reuters) - Russia said on Friday a decision by a Greek court to clear the way for a suspected Russian money launderer to be extradited to the United States was a violation of international law. Russia has also lodged an extradition request and its Foreign Ministry said on Friday that submiss...
LONDON (Reuters) - Low on cash but high on hope, Iran’s technology entrepreneurs are learning to live with revived hostility in the United States and growing suspicion - or worse - from hardliners at home. Their startups and e-commerce apps are flourishing, driven by government infrastructure ...
BEIJING (Reuters) - A fresh case of Apple Inc’s new iPhone popping open due to a swollen battery has been reported in state media in China, the world’s biggest smartphone market where the U.S. firm is seeking to revive faltering sales. The incident comes as Apple investigates similar cas...
BEIJING (Reuters) - China said on Thursday it has approved HP Inc’s (HPQ.N) $1.1 billion purchase of Samsung Electronics’ (005930.KS) printer business with certain restrictions, citing concerns about the U.S. firm’s dominance of the domestic laser printer market. HP announced the d...
