'Socially responsible' investors reassess Facebook ownership

NEW YORK (Reuters) - With European and U.S. lawmakers calling for investigations into reports that Facebook user data was accessed by UK based consultancy Cambridge Analytica to help President Donald Trump win the 2016 election, investors are asking even more questions about the social media company...

Continue reading

Puerto Rico power utility hacked but customer data not at risk

NEW YORK (Reuters) - Puerto Rico's bankrupt power utility, PREPA, said on Monday it had been hacked over the weekend, but customer information was not compromised.

BlackBerry must face revived U.S. lawsuit over BlackBerry 10

NEW YORK (Reuters) - A U.S. judge on Monday rejected BlackBerry Ltd's request to dismiss a lawsuit claiming it inflated its stock price and defrauded shareholders by painting a misleadingly positive picture of sales prospects for its BlackBerry 10 smartphones.

California regulator proposes regulating Uber like tour buses, limos

SAN FRANCISCO (Reuters) - Uber Technologies Inc should be classified as the same type of transportation as limousines and tour buses, a California regulator said on Monday in a proposal that could change how the ride-hailing company is regulated in its home state.

Facebook under pressure as U.S., EU urge probes of data practices

(Reuters) - Facebook Inc Chief Executive Mark Zuckerberg faced calls on Monday from U.S. and European lawmakers to explain how a consultancy that worked on President Donald Trump's election campaign gained improper access to data on 50 million Facebook users.

Whole Foods calls supplier summit amid Amazon angst

LOS ANGELES/NEW YORK (Reuters) - Whole Foods will host a summit beginning Tuesday for up to 200 of its suppliers in its hometown of Austin, Texas, amid anxiety and speculation about how its ongoing business revamp will play out under new owner Amazon.com.

Self-driving Uber car kills Arizona woman crossing street

TEMPE, Ariz./SAN FRANCISCO (Reuters) - An Uber self-driving car hit and killed a woman crossing the street in Arizona, police said on Monday, marking the first fatality caused by an autonomous vehicle and a potential blow to the technology expected to transform transportation.

G20 leaders to hold fire on cryptocurrencies amid discord: sources

BUENOS AIRES (Reuters) - The world's financial leaders gathering in Argentina on Monday are likely to stop short of any specific action aimed at regulating cryptocurrencies such as Bitcoin, amid discord over the approach, sources at the summit told Reuters.

California regulator proposes to regulate Uber like tour buses, limos

SAN FRANCISCO (Reuters) - A California regulator issued a proposed decision on Monday classifying Uber Technologies Inc [UBER.UL] as the same type of transportation as limousines and tour buses, a finding that could change how the ride-hailing company is regulated in its home state.

U.S. bans transactions with Venezuela's digital currency: White House

WASHINGTON (Reuters) - U.S. President Donald Trump on Monday signed an executive order barring any U.S.-based financial transactions involving Venezuela's new petro cryptocurrency, as U.S. officials warned that it was a "scam" by President Nicolas Maduro's government to further undermine democracy i...

Continue reading

Tech stocks wobble in U.S.; some investors worry party is ending

SAN FRANCISCO (Reuters) - A deep sell-off across technology companies on Monday on U.S. stock markets left some investors worrying how much longer those high-flying stocks' market leadership would last.

Judge weighs what evidence U.S. can use to block AT&T, Time Warner merger

WASHINGTON (Reuters) - AT&T Inc sought to persuade a judge on Monday to throw out evidence the government seeks to use in a trial that begins this week to show that the company's $85 billion acquisition of Time Warner Inc would harm consumers and competitors.

Woman dies in Arizona after being hit by Uber self-driving SUV

SAN FRANCISCO (Reuters) - A woman was killed by an Uber self-driving sport utility vehicle in Arizona, police said on Monday, and the ride hailing company said it had suspended its autonomous vehicle program across the United States and Canada.

Woman dies in Arizona after being hit by Uber self-driving car

SAN FRANCISCO (Reuters) - A woman died of her injuries after being struck by a Uber [UBER.UL] self-driving vehicle in Arizona, police said on Monday, and the ride hailing company said it had suspended its autonomous vehicle program across the United States and Canada.

Dropbox IPO oversubscribed: sources

(Reuters) - Cloud storage company Dropbox Inc's [DBX.O] initial public offering was oversubscribed, two people familiar with the matter said on Monday, indicating healthy demand for the first big tech IPO this year even as tech stocks opened the week on sour note.

U.S. blocks use of Venezuela's digital currency: White House

WASHINGTON (Reuters) - U.S. President Donald Trump on Monday blocked the use of Venezuelan cryptocurrencies through an executive order prohibiting such transactions by those in the United States, the White House said in a statement.

Google courts game developers with expanded services lineup

SAN FRANCISCO (Reuters) - Alphabet Inc's Google on Monday unveiled new tools for game developers, days after opening Maps to create location-based online games, challenging technology rivals including Amazon.com Inc in the bid for a bigger slice of the lucrative industry.

Facebook under pressure as EU, U.S. urge probes of data practices

(Reuters) - Facebook Inc faced growing pressure on Monday after European and U.S. lawmakers called for investigations into reports that a consultancy that worked on President Donald Trump's campaign gained access to data on 50 million Facebook users.

Trial kicks off in U.S. challenge to AT&T, Time Warner merger

WASHINGTON (Reuters) - A trial that could shape the future of U.S. media ownership kicks off in Washington this week as the Department of Justice seeks to block AT&T Inc's $85 billion acquisition of Time Warner Inc.

Britain's RBS planning digital-only bank: Sky News

LONDON (Reuters) - Britain's Royal Bank of Scotland is working on plans to create a standalone digital bank, Sky News reported on Monday, as small, app-only banks with low fees target traditional lenders' market share.