Apple shares fall in premarket trade after Mizuho downgrade

NEW YORK (Reuters) - Apple shares were stung by a broker downgrade for a second straight week on Monday, sending the stock lower in premarket trading, and on the heels of a sharp selloff in the tech sector in the prior session.

U.S. banks launching answer to peer-to-peer payment app Venmo

NEW YORK (Reuters) - The U.S. banking industry is about to launch its answer to the popular mobile payments app Venmo, in what is likely to be the biggest change in years in how individuals exchange funds digitally.

Exclusive: Foxconn says Apple, Dell part of its bid for Toshiba chip business

TAIPEI (Reuters) - Apple Inc, computing giant Dell Inc and Kingston Technology Co are members of a Foxconn-led consortium bidding for Toshiba Corp's chip unit, the CEO of the world's largest electronics manufacturer told Reuters on Monday.

JLR unit invests $25 million in Lyft to help develop self-driving cars

(Reuters) - Britain's biggest carmaker Jaguar Land Rover said its mobility services business, InMotion Ventures, would invest $25 million in U.S. ride services company Lyft Inc to help develop and test technology for self-driving cars.

Uber board adopts all recommendations from Eric Holder investigation

SAN FRANCISCO (Reuters) - The Uber Technologies Inc [UBER.UL] board of directors has voted unanimously to adopt all recommendations from a report stemming from allegations of sexual harassment at the company and other employee concerns, a board representative said on Sunday.

Uber board to discuss CEO absence, policy changes: source

SAN FRANCISCO (Reuters) - Uber Technologies Inc's [UBER.UL] board will discuss Chief Executive Travis Kalanick temporarily stepping away from the embattled ride-hailing firm and consider sweeping changes to the company's management practices at a meeting on Sunday, according to a person familiar wit...

Continue reading

Germany's Merkel says digital world needs global rules

MEXICO CITY (Reuters) - German Chancellor Angela Merkel said on Saturday that the digital world needs regulations like those that exist for financial markets in the G20 and for trade under the World Trade Organization.

German election director eyes possible quiet period before election

BERLIN (Reuters) - Germany should consider imposing a "quiet period" immediately before the federal election in September, similar to a media policy in place in France, election director Dieter Sarreither said, amid concerns about possible meddling by Russia.

Costs of bank cyber thefts hit SWIFT profit last year

LONDON (Reuters) - Dealing with cyber hacks on banks ate into profit last year at the SWIFT messaging system, which financial institutions use to move trillions of dollars each day.

Western Digital to raise Toshiba chip offer to $18 billion or more: source

TOKYO (Reuters) - Western Digital Corp plans to raise its offer for Toshiba Corp's prized semiconductor unit to 2 trillion yen ($18 billion) or more, a person familiar with the matter said, marking a last-ditch effort to clinch a deal that both companies consider vital.

Apple's Cook tells MIT graduates: temper technology with humanity

CAMBRIDGE, Mass. (Reuters) - Apple CEO Tim Cook on Friday warned graduates at MIT, a pioneer in fields like computers and robots, about technology's dehumanizing aspects and urged them to infuse its development with their own values.

EU antitrust regulators to investigate $38 billion Qualcomm, NXP deal

BRUSSELS (Reuters) - EU antitrust authorities opened an investigation on Friday into Qualcomm's $38-billion bid for NXP Semiconductors , ratcheting up pressure on the U.S. smartphone chipmaker to offer concessions to address their concerns.

Exclusive: Brazil's Oi considers capital hike to accelerate reorganization

SAO PAULO (Reuters) - Oi SA is working on a proposal to raise 8 billion reais ($2.4 billion) in fresh capital from shareholders and investors as a way to accelerate the Brazilian wireless carrier's emergence from bankruptcy, Chief Executive Officer Marco Schroeder told Reuters on Friday.

Electric wacky racers take to Switzerland's roads

ZURICH (Reuters) - An oddball convoy of electric-powered wacky racers including a converted garbage truck and new type of bubble car takes to the streets of Switzerland from Friday to promote plug-in vehicles.

Hong Kong, Singapore rivalry hobbling Asia in $100 billion fintech race: lobby group

HONG KONG (Reuters) - Asia's competitiveness in fintech is being undermined by the rivalry among the region's financial centers that has created regulatory complexity and uncertainty, a financial lobby group has warned.

Toshiba says Western Digital meeting didn't dispel concerns over chip proposal

TOKYO (Reuters) - Toshiba Corp said that Western Digital Corp CEO Steve Milligan met with its executives on Friday but failed to dispel concerns about the U.S. firm's proposal to buy Toshiba's prized chip unit.

Born-again BlackBerry: Canadian icon hopes to ride trucks to growth

BOLTON, Ontario (Reuters) - A visit to trucking firm Titanium Transportation helps explain why BlackBerry's stock is once again a darling in Canadian markets, having soared 70 percent in two months.

Nokia cuts 170 jobs in Finland

HELSINKI (Reuters) - Telecom network equipment maker Nokia has completed lay-off talks in its home country Finland and will as a result cut 170 jobs, the company said on Friday.

Digital Realty to buy DuPont Fabros in $7.6 billion deal

(Reuters) - Digital Realty Trust Inc said it would buy fellow data center operator DuPont Fabros Technology Inc for an enterprise value of about $7.6 billion, doubling down on efforts to meet the growing needs of cloud-based service providers.

Autoliv says will accelerate beyond $12 billion sales target

STOCKHOLM (Reuters) - The near-collapse of Japanese airbag maker Takata has cleared the road for bigger rival Swedish rival Autoliv but higher orders have yet to translate into share price gains.