(Reuters) - Alibaba Group-backed (BABA.N) Chinese logistics firm Best Inc on Tuesday slashed the expected price range of its U.S. initial public offering, one day before its market debut, suggesting tepid investor enthusiasm. Best expects its offering of 45 million American depository shares (ADS) t...
(Reuters) - Alibaba Group-backed (BABA.N) logistics company Best Inc on Tuesday slashed the expected price range of its U.S. initial public offering, one day before its market debut, suggesting tepid investor enthusiasm. Best expects its offering of 45 million American depository shares (ADS) to be ...
BRUSSELS (Reuters) - Twitter Inc said that its internal controls were allowing it to weed out accounts being used for “promotion of terrorism” earlier rather than responding to government requests to close them down. U.S. and European governments have been pressuring social media compani...
NEW DELHI (Reuters) - U.S. defense firms offering to set up production lines in India to win deals worth billions of dollars want stronger assurances they won’t have to part with proprietary technology, according to a business lobby group’s letter to India’s defense minister. These...
SAN FRANCISCO (Reuters) - The venture wing of Salesforce.com Inc is launching a $50 million fund to invest in start-ups employing artificial intelligence, the cloud computing firm told Reuters on Tuesday. Salesforce, whose software helps businesses sell, market and track customer activity, has been ...
PARIS (Reuters) - Nokia’s (NOKIA.HE) plan to cut almost 600 jobs in France is suspended until Oct. 2, French junior economy minister Benjamin Griveaux said on Tuesday after meeting the head of the Finnish telecom equipment maker’s French unit. Griveaux will meet with unions and company m...
FRANKFURT (Reuters) - The pioneer of mobile app analytics, App Annie, on Tuesday said it has begun tracking Android app usage in China, a landmark for understanding consumer behavior in the world’s top smartphone market, which increasingly sets the pace for global trends. App Annie said it was...
NEW DELHI (Reuters) - U.S. defense firms offering to set up production lines in India to win deals worth billions of dollars want stronger assurances they won’t have to part with proprietary technology, according to a business lobby group’s letter to India’s defense minister. These...
ZURICH (Reuters) - Switzerland’s financial watchdog has closed down what it said was the provider of a fake cryptocurrency and is investigating around a dozen other possible fraud cases, in the latest clamp-down on the risks involving virtual money. The move by the FINMA watchdog comes on the ...
(Reuters) - Apple Inc’s newest operating system for iPhones and iPads introduces changes to its marketplace for third-party software to satisfy app developers and add new so-called augmented reality apps. The system, called iOS 11, is being released on Tuesday ahead of its two newest phone han...
HONG KONG (Reuters) - China’s Tencent Holdings and Guangzhou Automobile Group Company Ltd have agreed to collaborate on internet-connected cars - a strategic pact that sent shares in Guangzhou Auto surging. The development of self-driving cars and fast-changing technology have set in motion a ...
HONG KONG (Reuters) - Chinese internet giant Tencent Holdings and Guangzhou Automobile Group Company Ltd said on Monday they had agreed to collaborate on connected cars. The two companies will also explore investment in areas such as auto-related e-commerce, new energy cars and auto insurance, Guang...
WASHINGTON (Reuters) - The U.S. Senate on Monday voted to ban Moscow-based cyber security firm Kaspersky Lab’s products from use by the federal government, citing concerns the company may be a pawn of the Kremlin and poses a national security risk. The vote is the latest in a series of setback...
NEW YORK (Reuters) - JPMorgan Chase & Co (JPM.N) has been routing customer orders for bitcoin-related instruments, a spokesman said on Monday, despite the bank’s chief executive’s calling the crypto currency “a fraud.” Like other Wall Street banks, JPMorgan acts as an age...
(Reuters) - Sprint Corp said on Monday it will offer Apple Inc’s new iPhone 8 for free with a qualifying phone trade-in, following AT&T Inc’s buy one, get one free promotion on Friday for DirecTV and U-verse TV customers. While carriers have traditionally used phone launches to lure ...
(Reuters) - Cisco Systems Inc (CSCO.O) said on Monday that Executive Chairman John Chambers would not seek re-election after his term expires in December. Chambers, who lead the networking gear maker for two decades as its chief executive, became the executive chairman in July 2015. Under his leader...
BRUSSELS (Reuters) - Google has offered to display rival comparison shopping sites via an auction, as it aims to stave off further EU antitrust fines, four people familiar with the matter said. Google is under pressure to come up with a big initiative to level the playing field in comparison shoppin...
SAN FRANCISCO (Reuters) - Intel Corp (INTC.O) on Monday announced a collaboration with Alphabet’s (GOOGL.O) Waymo self-driving unit, saying it had worked with the company during the design of its compute platform to allow autonomous cars to process information in real time. The world’s l...
WASHINGTON (Reuters) - New York Governor Andrew Cuomo plans to require all credit reporting agencies to register with the state and comply with its cyber security rules, he said in a statement on Monday. The proposed regulation, ordered after Equifax Inc’s (EFX.N) breach exposed sensitive data...
WASHINGTON (Reuters) - New York Governor Andrew Cuomo said in a statement on Monday that all credit reporting agencies must register with the state and comply with its cyber security rules. The regulation, ordered in the wake of an breach at Equifax (EFX.N) that exposed sensitive data of up to 143 m...
