Southeast Asian ride-hailing firm Grab to invest $700 million in Indonesia

JAKARTA (Reuters) - Southeast Asian ride-hailing firm Grab on Thursday said it will invest $700 million to expand in Indonesia over the next four years, marking its biggest-ever investment in any country.

Samsung Electronics may build a U.S. manufacturing base for appliances: source

SEOUL (Reuters) - Samsung Electronics Co Ltd may build a manufacturing base in the United States for its home appliances business, a person familiar with the matter told Reuters on Thursday, amid growing concerns about protectionist policies pursued by the new Trump administration.

Exclusive: Snap's secrecy frustrates banks' pursuit of IPO glory

(Reuters) - Some investment banks seeking to be added as underwriters to Snapchat owner Snap Inc's initial public offering registration document have been denied access to review it before it is made public this week, according to people familiar with the matter.

Samsung Electronics to launch web payments service for Android phones in South Korea

SEOUL (Reuters) - Tech giant Samsung Electronics Co Ltd said on Thursday it will launch a mobile web payments service for all smartphones powered by Google Inc's Android mobile operating system in South Korea in the first quarter.

Shutterfly posts drop in profit, says to reduce workforce

(Reuters) - Digital imaging company Shutterfly Inc reported a 30.6 percent fall in quarterly profit and said it would reduce its workforce by about 13 percent as part of its restructuring.

Machine beats humans for the first time in poker

NEW YORK (Reuters) - Artificial intelligence has made history by beating humans in poker for the first time, the last remaining game in which humans had managed to maintain the upper hand.

U.S. Jury issues $500 million verdict in Facebook virtual reality lawsuit

(Reuters) - A U.S. jury in Texas on Wednesday ordered Facebook Inc., its virtual reality unit Oculus, and other defendants to pay a combined $500 million to ZeniMax Media Inc., a video game publisher that says Oculus stole its technology.

Facebook's quarterly revenue surges 50.8 percent

(Reuters) - Facebook Inc's quarterly revenue surged 50.8 percent as the world's largest social network continues to benefit from its aggressive push into mobiles and video.

Waymo's self-driving cars improve performance in California tests

The Waymo logo is displayed during the company's unveil of a self-driving Chrysler Pacifica minivan during the North American International Auto Show in Detroit, Michigan, U.S., January 8, 2017. REUTERS/Brendan McDermid

Digital media firms search for revenue in high-school bleachers

NEW YORK (Reuters) - Digital media companies looking for other sources of revenue growth are targeting high school sports licensing and content deals, hoping to tap into a surge in online viewing and crack a market too fragmented for most traditional networks.

Mastercard, UniRush fined $13 million for prepaid card breakdowns: U.S. CFPB

WASHINGTON (Reuters) - The U.S. agency charged with protecting consumers' finances on Wednesday said it fined Mastercard Inc. and private company UniRush LLC $13 million for failures in October 2015 that prevented people from accessing paychecks and other deposits on their prepaid debit cards.

Fears of U.S. visa overhaul push Indian IT stocks lower

SAN FRANCISCO (Reuters) - Shares of Indian technology companies deepened losses on Wednesday as investors worried U.S. President Donald Trump and legislators would impose tougher rules on skilled-worker visas that those firms rely on.

Strong iPhone 7 sales 'a bridge' to Apple's next upgrade

A visitor takes pictures as customers gather at a store selling Apple products during the launch of the new iPhone 7 sales at the State Department Store, GUM, in central Moscow, Russia September 23, 2016. REUTERS/Sergei Karpukhin

Tesla drops 'Motors' from name as CEO Musk looks beyond cars

Tesla Chief Executive, Elon Musk enters the lobby of Trump Tower in Manhattan, New York, U.S., January 6, 2017. REUTERS/Shannon Stapleton

Activision Blizzard creates consumer products division

(Reuters) - Activision Blizzard Inc said on Wednesday it was creating a consumer products division to tap into the popularity of its videogame franchises, including "Call of Duty", "Overwatch" and "World of Warcraft".

New York attorney general sues Charter over internet speeds

NEW YORK (Reuters) - New York Attorney General Eric Schneiderman filed a lawsuit on Wednesday that accuses Charter Communications Inc's Spectrum cable unit of short-changing customers on internet speeds.

Daimler to build electric cars in existing Mercedes plants

FRANKFURT (Reuters) - German carmaker Daimler plans to build its new electric vehicles in existing Mercedes plants by integrating them with serial production of cars with combustion engines, the group said.

Siemens shareholders tell CEO to maintain momentum

MUNICH, Germany (Reuters) - Siemens shareholders urged Chief Executive Joe Kaeser to press ahead with transforming the engineering group which made its best annual operating profit to date last year and raised its earnings forecasts.

With new hybrid, Nissan offers cheaper route to electric cars

YOKOHAMA, Japan (Reuters) - Nissan Motor Co has taken a step back into gasoline hybrids with its Note e-Power model, which the Japanese automaker hopes will act as a gateway for drivers who will later shift to all-electric cars.

TalkTalk founder Dunstone takes reins from Harding

LONDON (Reuters) - TalkTalk founder and chairman Charles Dunstone will take over the running of the telecoms operator when chief executive Dido Harding steps down in May after seven years in charge, the company said on Wednesday.