Uber launches in new Southeast Asian markets amid push for government blessing

BANGKOK (Reuters) - Uber Technologies Inc [UBER.UL] launched operations in Cambodia on Thursday after it received local regulatory approval amid a wider push to secure the blessings of authorities in the markets within which it operates. It commenced operations in Myanmar in June, after securing reg...

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Toshiba $18 billion sale of chip unit finally signed, legal challenges remain

TOKYO (Reuters) - Japan’s Toshiba Corp said on Thursday it had signed an $18 billion deal to sell its chip unit to a consortium led by Bain Capital LP, overcoming a key - albeit not its last - hurdle as it scrambles for funds to stave off a potential delisting. The sale of the unit - the world...

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Bitcoin blow as fund drops U.S. exchange application

(Reuters) - An effort to allow investors to trade digital currencies as easily as stocks in the United States stumbled when the backer of a bitcoin fund said an application to list on an exchange had been withdrawn. Grayscale Investments LLC said Intercontinental Exchange Inc’s (ICE.N) NYSE Ar...

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Toshiba signs deal to sell chip unit to Bain-led group for $18 billion

TOKYO (Reuters) - Toshiba Corp has signed a deal to sell its chip unit to a consortium led by Bain Capital LP for 2 trillion yen ($18 billion), overcoming a key hurdle as it scrambles for funds to stave off a potential delisting. Toshiba’s board agreed last week to sell the unit, the world&rsq...

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In France, Snap's Discover news feature gets 10 million monthly users

(Reuters) - Snap Inc, searching for ways to reinvigorate a slowing growth rate and increase advertising revenue for its Snapchat messaging app, said this week it has racked up 10 million users for its Discover news and video feature in France a year after launching there. The figure, which has not p...

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U.S. senators announce deal on self-driving car legislation

WASHINGTON (Reuters) - Two U.S. senators said late on Wednesday that they had reached a bipartisan deal on legislation aimed at easing hurdles to getting self-driving cars to drivers. U.S. Senator John Thune, a Republican who chairs the Commerce Committee, and Senator Gary Peters, a Michigan Democra...

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Facebook, Google, Twitter asked to testify on Russian meddling

WASHINGTON (Reuters) - Executives from Facebook (FB.O), Alphabet Inc’s (GOOGL.O) Google and Twitter (TWTR.N) have been asked to testify to the U.S. Congress in coming weeks as lawmakers probe Russia’s alleged interference in the 2016 U.S. election, committee sources said on Wednesday. A ...

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Facebook's Zuckerberg defends company after critical Trump tweet

(Reuters) - Facebook Inc’s (FB.O) CEO Mark Zuckerberg on Wednesday defended his company’s role in U.S. elections and rejected assertions in a tweet from U.S. President Donald Trump that the social network was against him. Zuckerberg has been on the defensive for weeks over revelations th...

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Tech executives to testify at U.S. Congress' Russia hearings

WASHINGTON (Reuters) - Executives from Facebook, Alphabet Inc’s Google and Twitter will appear in the U.S. Congress in the coming weeks as lawmakers probe Russia’s alleged interference in the 2016 U.S. election, committee sources said on Wednesday. A Senate aide said executives from the ...

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Exclusive: Royal Bank of Canada using blockchain for U.S./Canada payments - executive

TORONTO (Reuters) - Royal Bank of Canada (RY.TO) is experimenting with blockchain to help move payments between its U.S. and Canadian banks, one of the bank’s senior executives told Reuters on Thursday. Martin Wildberger, RBC’s executive vice president for innovation and technology, said...

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Microsoft search engine Bing to focus on PC search market: CEO

NEW YORK (Reuters) - Microsoft Corp Chief Executive Officer Satya Nadella said on Wednesday the company’s search engine, Bing, will focus on expanding in the PC search market after losing its deal with Apple Inc’s Siri. “Bing is a big business growing at a strong double-digit rate,...

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House panel to hold hearing with tech companies on Russia

WASHINGTON (Reuters) - The U.S. House of Representatives Intelligence Committee said on Wednesday it would hold an open hearing with technology companies as part of its investigation into alleged Russian interference in the 2016 U.S. election. “In the coming month, we will hold an open hearing...

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U.S. trade body will probe Sharp-Hisense patent dispute

WASHINGTON (Reuters) - The U.S. International Trade Commission has agreed to probe certain Wi-Fi enabled devices and their parts after Japan’s Sharp Corp accused China’s Hisense Group Co Ltd of infringing its patents, the body said on Wednesday. The investigation, which Sharp requested i...

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Facebook says deleted many fake accounts in German campaign

FRANKFURT (Reuters) - Facebook said on Wednesday its efforts to fight fake news during Germany’s national elections included taking down tens of thousands of fake profiles in the final month of the campaign. Richard Allan, Facebook’s vice president of public policy for Europe, Middle Eas...

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Uber to shutter its U.S. auto-leasing business

(Reuters) - Ride-hailing firm Uber Technologies Inc [UBER.UL] on Wednesday said it is shutting down its U.S. auto-leasing business. “We have decided to stop operating Xchange Leasing and move toward a less capital-intensive approach,” an Uber spokesperson told Reuters. The Xchange Leasin...

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Exclusive: N.Y. regulator subpoenas Equifax over massive breach

NEW YORK (Reuters) - New York state’s financial services regulator has issued a subpoena to Equifax Inc (EFX.N) demanding it provide more information about the massive data breach the credit-reporting firm disclosed this month, a person familiar with the matter said on Wednesday. New York&rsqu...

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Trump slams Facebook as lawmakers await ads amid Russia probe

WASHINGTON (Reuters) - U.S. President Donald Trump on Wednesday criticized Facebook Inc (FB.O) as “anti-Trump” and questioned its role during the 2016 presidential campaign, amid probes into alleged Russian interference in the election and possible collusion by Trump’s associates. ...

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Google to treat shopping rivals equally, in line with EU order

BRUSSELS (Reuters) - Google will treat its own shopping service the same as rivals when they bid for ads at the top of a search page, the company said on Wednesday, as it seeks to comply with an EU antitrust order and stave off fresh fines. The European Commission slapped a record 2.4-billion-euro (...

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Google says will treat comparison shopping rivals equally

BRUSSELS (Reuters) - Alphabet unit Google will treat its shopping service the same as rivals when they bid for ads at the top of a search page, the company said on Wednesday, as it seeks to comply with an EU antitrust order and stave off fresh fines. The European Commission slapped a record 2.4-bill...

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U.S. lawmakers ask Facebook, Twitter for information on anti-fracking ads

WASHINGTON (Reuters) - A U.S. House committee investigating whether Russia has tried to influence U.S. public opinion on fossil fuels asked Facebook (FB.O), Twitter (TWTR.N) and Alphabet (GOOGL.O) on Wednesday to turn over information about Russian entities that may have bought anti-fracking adverti...

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