Sears shares soar on Amazon tie-up; CEO says on 'right path'

HOFFMAN ESTATES, ILL. (Reuters) - Sears Holdings Corp shares jumped about 17 percent on Wednesday after the company announced a tire service partnership with Amazon.com, part of Chief Executive Officer Edward Lampert's strategy to make the troubled retailer profitable again.

Uber opens up international contest for a third flying taxi city

(Reuters) - Uber Technologies Inc [UBER.UL] on Wednesday re-opened a contest to select the first international city to launch its proposed flying taxi project, following apparent delays in getting the service off the ground in Dubai, a previously proposed market.

Alphabet, Intel, FedEx, AT&T among drone pilot winners

WASHINGTON (Reuters) - The U.S. Transportation Department said on Wednesday it had picked 10 drone test programs in California, Tennessee, North Dakota, Nevada and other states to study package delivery, agriculture, pipeline inspections, aircraft maintenance, healthcare and environmental monitoring...

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Amazon to let customers install tires at Sears stores

(Reuters) - Amazon.com struck a deal with Sears Holdings Corp to provide tire services, boosting traffic at the ailing department store and extending the online retailer's growing stable of alliances with brick-and-mortar companies.

Ohio allows testing self-driving vehicles on state roads

(Reuters) - Ohio on Wednesday became the latest U.S. state to open its roads for testing self-driving vehicles, in a boost to a nascent industry that is facing heightened scrutiny over safety concerns.

U.S. sends rules on drone regulation to White House for review

WASHINGTON (Reuters) - The U.S. Transportation Department has sent two proposed rules to the White House to regulate the increased use of unmanned aerial vehicles, the agency said on Tuesday as it prepared to unveil the winners of new drone pilot projects.

Uber announces contest to select third city to launch flying taxis

(Reuters) - Uber Technologies Inc [UBER.UL] announced on Tuesday an open call for the selection of a third launch city for its flying taxi project UberAIR, which it plans to build in 2020.

Walmart to pay $16 billion for control of India's Flipkart, shares slide

MUMBAI/NEW YORK (Reuters) - Walmart Inc said on Wednesday it will pay $16 billion for a roughly 77 percent stake in Indian e-commerce firm Flipkart, and shares of the U.S. retailer tumbled 4 percent on news of its largest-ever deal, an effort to compete with rival Amazon.com Inc in an important grow...

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Walmart to buy controlling stake in India's Flipkart for $16 bln

MUMBAI/NEW YORK (Reuters) - Walmart Inc will pay $16 billion for a roughly 77 percent stake in Indian e-commerce firm Flipkart, the U.S. retailer's largest-ever deal, in an attempt to compete with rival Amazon.com Inc in a key growth market.

China's ZTE Corp says main business operations cease due to U.S. ban

HONG KONG (Reuters) - ZTE Corp's main business operations have ceased due to a ban imposed by the U.S. government, but the Chinese firm is trying to have the ban modified or reversed, it said in exchange filings late on Wednesday.

Pokemon Go maker Niantic plans to build AR maps with users' help

SAN FRANCISCO (Reuters) - Niantic Inc, which developed hit mobile game Pokemon Go, plans to map the world in 3D with its players' help, its chief executive told Reuters, establishing the startup as a frontrunner in a new facet of digital mapping.

Google to ban all ads related to Irish abortion referendum

DUBLIN (Reuters) - Google is to suspend all advertisements related to Ireland's May 25 abortion referendum from Thursday amid worries about election integrity, the U.S. firm said in an emailed statement.

Think You’ve Got Your Credit Freezes Covered? Think Again.

I spent a few days last week speaking at and attending a conference on responding to identity theft. The forum was held in Florida, one of the major epicenters for identity fraud complaints in United States. One gripe I heard from several presenters was that identity thieves increasingly are finding...

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Amazon rolls out model 'smart' homes for U.S. shoppers to try out Alexa

VALLEJO, Ca (Reuters) - Amazon.com Inc on Wednesday said it has set up model "smart" homes across the United States for shoppers to experience what it's like for voice aide Alexa to dim the lights, turn on the TV or order more laundry detergent.

After Facebook, Sweden set for more data center deals: Vattenfall

OSLO (Reuters) - Sweden's low electricity prices are likely to attract new data centers to the country this year, according to Swedish utility Vattenfall [VATN.UL], which said it is discussing deals with Silicon Valley companies and Chinese firms.

Vodafone challenges Deutsche Telekom with $21.8 billion Liberty deal

LONDON (Reuters) - Vodafone has agreed to pay $21.8 billion to buy Liberty Global's assets in Germany and eastern Europe to take the fight to rivals with a broader range of superfast cable TV, broadband and mobile services.

China's ZTE Corp says main business operations have ceased due to U.S. ban

HONG KONG (Reuters) - ZTE Corp's main business operations have ceased due to a ban imposed by the U.S. government, but the Chinese firm is trying to have the ban modified or reversed, it said in exchange filings late on Wednesday.

Walmart to buy controlling stake in India's Flipkart for $16 billion

MUMBAI/NEW YORK (Reuters) - Walmart Inc has agreed to pay $16 billion for a roughly 77 percent stake in Indian online shopping site Flipkart, the U.S. retailer's biggest foreign investment as it battles rival Amazon.com Inc in one of the world's biggest emerging markets.

Cyber security firm Avast poised to list at 250 pence at bottom of price range

LONDON (Reuters) - Private equity-backed cyber security firm Avast [IPO-AVAS.L] is set to price its initial public offering at 250 pence a share, a bookrunner source on the deal said on Wednesday, at the bottom of a 250-270 pence price range set earlier.

Walmart acquiring India's Flipkart, says SoftBank's Son

TOKYO (Reuters) - U.S. retail giant Walmart Inc is acquiring Indian e-commerce player Flipkart, the chief executive of one of Flipkart's biggest shareholders, SoftBank Group , said on Wednesday.