LONDON/SAN FRANCISCO (Reuters) - Streaming music leader Spotify said on Thursday it has a clear path to profit as it spelled out to investors its growth plans and how it aims to fend off big rivals Apple Inc (AAPL.O) and Amazon.com Inc (AMZN.O) ahead of an April 3 listing. FILE PHOTO: Headphones are...
LONDON/SAN FRANCISCO (Reuters) - Streaming music leader Spotify said on Thursday it has a clear path to profit as it prepared to spell out to investors the company’s growth plans and how it aims to fend off major rivals ahead of a stock market listing. FILE PHOTO: Headphones are seen in front ...
WASHINGTON (Reuters) - General Motors Co (GM.N) said on Thursday it will invest more than $100 million in two facilities as it prepares to build production versions of its Cruise self-driving car next year at its Orion Township assembly plant in Michigan. FILE PHOTO - The GM logo is seen at the Gene...
PARIS (Reuters) - Airbus plans to install Google’s G Suite collaboration and productivity software for all 130,000 employees, according to a staff memo seen by Reuters. The logo of Airbus is pictured during Airbus annual press conference on the 2017 financial results in Blagnac near Toulouse, ...
(Reuters) - Blue Apron Holdings Inc said on Thursday it plans to sell meal kits in stores this year, as it attempts to spur growth by attracting more people to its subscription-based service. The Blue Apron logo is pictured ahead of the company's IPO on the New York Stock Exchange in New York, ...
(Reuters) - E-commerce giant Alibaba Group Holding Ltd (BABA.N) is working on a plan to list on a stock exchange in its home country, China, the Wall Street Journal reported on Thursday, citing people familiar with the matter. A logo of Alibaba Group is pictured at its headquarters in Hangzhou,...
LONDON/SAN FRANCISCO (Reuters) - U.S. President Donald Trump has blocked microchip maker Broadcom Ltd’s (AVGO.O) $117 billion takeover of rival Qualcomm (QCOM.O) amid concerns that it would give China the upper hand in the next generation of mobile communications, or 5G. A 5G sign is seen at t...
LONDON (Reuters) - Uber [UBER.UL] said on Thursday it will share data gathered from the millions of trips its cars make in London in the latest move to meet requests from the city’s regulator, which stripped the taxi app of its license last year. FILE PHOTO: A photo illustration shows the Uber...
BRUSSELS (Reuters) - EU antitrust authorities will decide by April 23 whether to clear iPhone maker Apple’s buy of British music discovery app Shazam, the European Commission said on Thursday. A 3D printed Apple logo is seen in front of a displayed European Union flag in this illustration take...
AMSTERDAM (Reuters) - Overnight stays in Amsterdam booked via AirBnB grew strongly in 2017, despite restrictions placed on homeowners by the city, according to a study published on Thursday by Colliers’ and Hotelschool The Hague. FILE PHOTO - A woman talks on the phone at the Airbnb office hea...
SHANGHAI (Reuters) - U.S. chipmaker Qualcomm Inc (QCOM.O), blocked this week from a takeover bid amid national security fears, was already walking a Pacific tightrope: it has government and defense contracts in America, but two-thirds of its revenue comes from China. FILE PHOTO: A sign on the Qualco...
NEW YORK/CHICAGO (Reuters) - Walmart Inc’s patent filings hint that it may see a future where farmers use its drones to not only spot crop problems but selectively apply chemicals or even disperse pollen to bring shoppers the freshest and cheapest food possible. FILE PHOTO: A Walmart store is ...
(Reuters) - Amazon.com Inc’s top television shows drew more than 5 million people worldwide to its Prime shopping club by early 2017, according to company documents, revealing for the first time how the retailer’s bet on original video is paying off. FILE PHOTO: Passengers board a 42nd S...
TOKYO (Reuters) - Amazon Japan said on Thursday it had been raided by the Japan Fair Trade Commission on suspicion of possible anti-trust violation. FILE PHOTO: Amazon.com's logo is seen at Amazon Japan's office building in Tokyo, Japan, August 8, 2016. REUTERS/Kim Kyung-Hoon/File Photo Citing sourc...
SEOUL (Reuters) - Samsung Electronics Co Ltd plans to begin building a new memory chip production line in China in late March, a spokesman said on Thursday, as the tech giant ramps up efforts to boost NAND flash technology to meet future demand. FILE PHOTO: The logo of Samsung Electronics is seen at...
(Reuters) - Canadian automotive parts supplier Magna International Inc said on Wednesday it will invest $200 million in Lyft Inc and work with the U.S. ride-hailing firm to manufacture self-driving cars. FILE PHOTO - An illuminated sign appears in a Lyft ride-hailing car in Los Angeles, California, ...
(Reuters) - Tesla Inc said the number of labor hours needed to produce its Model S and Model X cars have decreased considerably, following the latest report of quality problems that could prevent the carmaker from hitting its production targets. The body of a Tesla Model S is transported by an autom...
(Reuters) - Online platforms such as Google (GOOGL.O), Apple (AAPL.O) and Amazon (AMZN.O) face new European Union rules on their commercial practices with smaller businesses that use their services, as Brussels seeks to curtail their huge market power. A man looks at the screen of his mobile phone i...
LONDON (Reuters) - Alphabet Inc’s (GOOGL.O) Google said on Wednesday it was banning advertisements for cryptocurrencies and initial coin offerings, the latest internet company to clamp down on the sector amid growing concerns about scams. Google’s action, which takes effect in June and f...
LOS ANGELES (Reuters) - Walt Disney Co (DIS.N) said on Wednesday it had created a new unit for its streaming video and international businesses as the company retools its traditional media operation for a world rapidly embracing online video. A screen shows the logo and a ticker symbol for The Walt ...
