Dropbox shares close up 35 percent in biggest tech debut since Snap

(Reuters) - Dropbox Inc's shares closed at $28.42, up more than 35 percent in their first day of trading on Friday, as investors rushed to buy into the biggest technology initial public offering in more than a year even as the wider sector languished.

Rolls-Royce says Trent 7000 engines not affected by durability issues

LONDON (Reuters) - Britain's Rolls-Royce said its Trent 7000 engines which power the Airbus A330neo jet are not affected by the issues on the Trent 1000 engine, which have needed unscheduled maintenance as parts have worn out more quickly than expected.

FCC chief cites concerns on spy threats from Chinese telecoms firms

WASHINGTON (Reuters) - Federal Communications Commission Chairman Ajit Pai said he shares the concerns of U.S. lawmakers about espionage threats from Chinese smartphone maker Huawei Technologies Co and plans to take "proactive steps" to ensure the integrity of the U.S. communications supply chain.

Qualcomm re-elects board of directors with tepid support

SAN DIEGO (Reuters) - Qualcomm Inc re-elected its board of directors on Friday with weak support from shareholders, who grilled the U.S. chipmaker over its strategy following its successful defense against a $117-billion hostile bid from Broadcom Ltd.

FCC chairman to be 'proactive' on integrity of U.S. communications supply chain

WASHINGTON (Reuters) - Federal Communications Commission chairman Ajit Pai said in a letter released Friday he plans to take "proactive steps" to ensure the integrity of the communications supply chain after concerns about by Chinese firms.

Musk deletes Facebook pages of Tesla, SpaceX after challenged on Twitter

(Reuters) - Verified Facebook pages of Elon Musk's rocket company SpaceX and electric carmaker Tesla Inc disappeared on Friday, minutes after the Silicon Valley billionaire promised on Twitter to take down the pages when challenged by users.

Automakers launch online tool to look up car recall

(Reuters) - Automakers have launched an online tool that will allow U.S. car owners, insurers and regulators search for open recalls, an auto trade group said on Friday.

Qualcomm narrowly re-elects 10 directors to board: source

(Reuters) - Qualcomm Inc shareholders on Friday re-elected 10 directors to the mobile chipmaker's board with tepid support in the wake of an extraordinary turn of events that left shareholders with no other choices and at least one advisory firm urging a protest vote.

Spotify says about two million users blocked ads without paying

(Reuters) - Spotify Technology SA said on Friday it uncovered 2 million users of its free service who had blocked advertising without paying, highlighting a potential revenue risk for the soon-to-be public company.

Success for Uber’s direct loan despite driverless fatality

NEW YORK (LPC) - Uber Technologies’ self-arranged term loan B was increased to US$1.5bn, justifying the taxi app company’s unconventional approach to raising the loan and succeeding despite news that one of the company’s self-driving cars had killed a pedestrian.

U.S. lawmakers formally ask Facebook CEO to testify on user data

WASHINGTON (Reuters) - U.S. lawmakers on Friday formally asked Facebook Inc's Mark Zuckerberg to explain at a Washington hearing how 50 million users' data got into the hands of political consultancy Cambridge Analytica.

China's Huawei Technologies reshuffles board for first time since 2012

HONG KONG (Reuters) - Smartphone maker Huawei Technologies Co Ltd [HWT.UL] said it has elected a new board in its first reshuffle since 2012, shedding some light on the company's succession plans following speculation about the retirement of founder Ren Zhengfei.

San Diego Sues Experian Over ID Theft Service

The City of San Diego, Calif. is suing consumer credit bureau Experian, alleging that a data breach first reported by KrebsOnSecurity in 2013 affected more than a quarter-million people in San Diego but that Experian never alerted affected consumers as required under California law. The lawsuit, fil...

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Qualcomm re-elects 10 existing directors to board at annual meeting

(Reuters) - Qualcomm Inc shareholders on Friday re-elected 10 directors to the company's board at the mobile chipmaker's annual meeting.

Dropbox shares surge in biggest tech debut since Snap

(Reuters) - Dropbox Inc's shares soared around 40 percent in their market debut on Friday as investors rushed to buy into the biggest tech IPO in more than a year.

Spotify to list shares in direct offering

(Reuters) - Streaming music leader Spotify Technology SA on Tuesday filed for a direct listing of its shares.

Carrefour calls on Google for voice boost in battle with Amazon

PARIS (Reuters) - Carrefour said it has joined forces with Google to create an online voice assistant called "Lea" as part of the French retailer's digital expansion.

U.S. House panel formally asks Facebook CEO to testify on user data

WASHINGTON (Reuters) - The leaders of the U.S. House Energy and Commerce Committee on Friday wrote Facebook Inc chief executive Mark Zuckerberg detailing new concerns about the social media company's use of data and formally requesting that he testify at a future hearing.

China's Tencent loses $51 billion in market value in two days

HONG KONG (Reuters) - Tencent Holdings Ltd's shares fell more than 4 percent on Friday, wiping out around $23 billion of market value, after the Chinese internet firm's largest shareholder, Naspers Ltd , lowered its stake for the first time in 17 years.

Dropbox heads for trading debut after upsized IPO pricing

(Reuters) - Having topped expectations with the upsized price of its initial public offering, Dropbox Inc on Friday faces its next big challenge: a successful launch of trading when global stock markets are the defensive and tech shares are particularly soft.