FILE PHOTO: Sumner Redstone, executive chairman of CBS Corp. and Viacom, arrives at the premiere of 'The Guilt Trip' in Los Angeles December 11, 2012. Reuters/Fred Prouser/File Photo Sumner Redstone's spokesman said the 93-year-old is mentally capable of removing Viacom Inc Chief Executive Philippe ...
An employee walks past a logo of Samsung C&T Corp at the company's headquarters in Seoul, South Korea, July 16, 2015. Reuters/Kim Hong-Ji South Korea's Samsung SDS Co Ltd said on Friday it was considering spinning off its logistics process outsourcing and IT systems services businesses but no de...
Elon Musk, Chairman of SolarCity and CEO of Tesla Motors, speaks at SolarCity's Inside Energy Summit in Manhattan, New York October 2, 2015. Reuters/Rashid Umar Abbasi Artificial intelligence and machine learning will create computers so sophisticated and godlike that humans will need to implant "ne...
Ride-hailing app Uber has finally cracked Japan - approved to offer its service in Tango, part of Kyotango city on the west coast, with a population of just 5,560 and abandoned by the local taxi firm eight years ago. Tango is one of Japan's almost 800 designated depopulated communities, and about 40...
The SWIFT logo is pictured in this photo illustration taken April 26, 2016. Reuters/Carlo Allegri/Illustration/File Photo The chief executive of secure messaging system SWIFT said the theft of $81 million from Bangladesh’s central bank, by criminals sending fraudulent payment instructions via ...
Securities and Exchange Board of India (SEBI) Chairman U.K. Sinha speaks during Thomson Reuters Risk Summit in Mumbai, India, May 5, 2016. Reuters/Shailesh Andrade The head of India's financial markets regulator visited Silicon Valley this week to promote rule changes in his country protecting minor...
Workers prepare for the opening of an Apple store in Hangzhou, Zhejiang province, January 23, 2015. Reuters/Chance Chan/File Photo Apple Inc said on Thursday that a number of its services, including the App Store, was experiencing some issues. Other services affected include those related to iCloud,...
As Beijing moves in to buy up firms from Germany's famed "Mittlestand" of mid-sized manufacturers, politicians are nervous that Chinese owners may take their vaunted technology and move jobs abroad. But one of the first prominent mid-sized German engineering firms to sell out to the Chinese says suc...
Europe's telecoms operators will have to justify giving priority to certain services on their network, according to new EU regulatory guidelines in a move likely to disappoint an industry hoping for more leeway so they can boost revenues. The European Union last year adopted its first ever net neutr...
Partners from two longtime Silicon Valley venture-capital firms said they are launching a third: Wildcat Venture Partners, a firm focused on the stage where young companies have products ready to put on the market. Mohr Davidow's Bill Ericson, Katherine Barr, and Bryan Stolle, along with InterWest's...
The logo of Down Jones Industrial Average stock market index listed company Walmart is shown on one of its stores in Encinitas, California April 13, 2016. Reuters/Mike Blake Wal-Mart Stores Inc said Thursday it was six to nine months from beginning to use drones to check warehouse inventories in the...
People walk past a sign board of Huawei at CES (Consumer Electronics Show) Asia 2016 in Shanghai, China May 12, 2016. Reuters/Aly Song The U.S. Commerce Department has issued a subpoena to Huawei Technologies Co Ltd [HWT.UL] as part of a probe into the Chinese technology company's transactions in Cu...
The logo of car-sharing service app Uber on a smartphone over a reserved lane for taxis in a street is seen in this photo illustration taken in Madrid on December 10, 2014. Reuters/Sergio Perez/Illustration/File Photo A group representing 5,000 Uber Technologies Inc [UBER.UL] drivers in New York Cit...
BMW (BMWG.DE) has transformed its "i" division into a development center for self-driving cars, a board member told Reuters, a major strategic shift for the unit previously focused on making a family of lightweight electric vehicles. While Tesla's (TSLA.O) Model 3 will hit showrooms in 2017, and as ...
A driver displays Uber and Lyft ride sharing signs in his car windscreen in Santa Monica, California, U.S., May 23, 2016. Reuters/Lucy Nicholson/Files Uber and Lyft on Thursday will attempt to persuade separate U.S. judges to approve class action settlements which keep drivers classified as independ...
Honda Motor Co gave a sneak preview of its self-driving prototypes on Wednesday, saying it was already on its way to offering semi-autonomous safety functions to the mass market. The Japanese automaker has been less vocal about its plans for self-driving cars than larger rivals like Toyota and Gener...
Services such as ride-hailing app Uber [UBER.UL] and home-rental site Airbnb should only be banned as a last resort, the European Union executive said on Thursday, as it seeks to foster development of the "sharing economy". In its new guidelines, the European Commission said any restrictions by EU m...
China said on Thursday the purchase of German industrial robot maker Kuka by Chinese home appliance maker Midea Group Co Ltd should not be politicized as it is simply a commercial deal. Kuka is the latest and biggest German industrial technology group to be targeted by a Chinese buyer as the world's...
The Oracle logo is seen on its campus in Redwood City, California June 15, 2015. Reuters/Robert Galbraith Oracle Corp (ORCL.N) was sued on Wednesday by a former senior finance manager who claimed she was terminated in retaliation for complaining about improper accounting practices in its cloud servi...
Chinese ecommerce company Alibaba Group Holding Ltd said on Wednesday it has agreed to buy 27 million of its own shares from SoftBank Group Corp at $74 per share, or $2 billion. SoftBank Group said on Tuesday it would sell at least $7.9 billion of shares in Alibaba to cut the Japanese company's debt...
