GEORGETOWN, Del./SAN FRANCISCO (Reuters) - A Delaware judge on Wednesday stayed a lawsuit brought by Uber Technologies Inc [UBER.UL] investor Benchmark Capital against ousted Chief Executive Officer Travis Kalanick, handing the embattled executive a victory. The judge, from a courtroom in Georgetown...
DETROIT (Reuters) - Ford Motor Co (F.N) is considering deploying self-driving vehicle technology in larger commercial vehicles and is working with multiple partners to put its autonomous vehicles on the road, a senior Ford executive told Reuters on Tuesday. "We've been talking with different partner...
NEW YORK (Reuters) - Billionaire investor Warren Buffett told CNBC on Wednesday that he had not sold a share of Apple (AAPL.O) and was not concerned about Wells Fargo (WFC.N) as a long-term investment and that it was a "terrific" bank. Buffett, chairman and chief executive of conglomerate Berkshire ...
MOSCOW (Reuters) - Russian business conglomerate Sistema (SSAq.L) said on Wednesday it has no plans to sell shares in mobile operator MTS (MBT.N), the Interfax news agency reported. Sistema is considering various options of raising funds, including borrowing from banks, Interfax quoted Mikhail Shamo...
(Reuters) - Amazon.com Inc (AMZN.O) and Microsoft Corp (MSFT.O) have forged a partnership that will allow their voice-controlled virtual assistants to talk to each other later this year. Users of Amazon's Alexa will be able to ask Microsoft's Cortana to do a range of activities — from booking ...
NEW YORK (Reuters) - AT&T Inc said on Wednesday that it is expanding its 5G trials to include three new U.S. cities by the end of the year as part of its push to develop a next-generation network. The trials will test a faster broadband service where the last leg of the connection is delivered v...
FRANKFURT (Reuters) - German industrial group Siemens has agreed to buy Dutch self-driving software specialist Tass International for an undisclosed sum to strengthen its automotive business, it said on Wednesday. Tass makes software that can simulate complex traffic scenarios, validate autonomous d...
BEIJING (Reuters) - China is likely to delay implementing tough new sales quotas for electric plug-in vehicles, giving global automakers more time to prepare, four automaker and industry officials told Reuters. Based on their conversations with Chinese policymakers, the people said a final scheme fo...
LONDON (Reuters) - Banks are increasingly turning to insurance to protect their capital from "operational risks" like cyber attacks and rogue traders, and insurers say they can help safeguard lenders by providing an extra layer of expertise. After a spate of expensive court cases and IT outages, ban...
TOKYO (Reuters) - A consortium led by Bain Capital and including Apple Inc (AAPL.O) has offered a revised last-ditch bid for Toshiba Corp's (6502.T) prized memory chip unit worth $18 billion, Japanese broadcaster NHK reported. Under the new proposal, Bain and Toshiba would both hold 46 percent each ...
SAN FRANCISCO (Reuters) - Uber Technologies Inc [UBER.UL] officially welcomed its new Chief Executive Dara Khosrowshahi, who has led online travel business Expedia Inc for 12 years, in a note sent to employees of the world's biggest ride-services company late on Tuesday. The board had already select...
TOKYO (Reuters) - Toyota Motor Corp on Wednesday announced it would invest in Grab and install its driving recorder devices in vehicles operated by the Singapore-based ride-hailing service, as the automaker expands further into new driving services. The agreement includes an undisclosed investment i...
SAN FRANCISCO (Reuters) - Alphabet Inc's (GOOGL.O) Google on Wednesday unveiled tools to make augmented reality apps for mobile devices using the Android operating system, setting up its latest showdown with Apple Inc's (AAPL.O) iPhone over next-generation smartphone features. Phone-based augmented ...
SAN FRANCISCO (Reuters) - Uber Technologies Inc [UBER.UL] said on Tuesday it was cooperating with a preliminary investigation led by the U.S. Department of Justice into possible violations of bribery laws. The preliminary investigation is the latest in a series of legal wrangles at Uber as the ride-...
LOS ANGELES (Reuters) - Whole Foods shoppers may be premature in cheering Amazon.com's steep price cuts on staples like bananas, avocados and beef, according to one analysis released on Tuesday that suggested the premium grocery chain has not yet shed its "Whole Paycheck" reputation for lofty prices...
TOKYO (Reuters) - Toshiba Corp may not seal a $17.5 billion deal to sell its memory chip unit by a self-imposed Aug. 31 deadline due to disagreements over details of an offer by the bidders, people familiar with the matter said late on Tuesday. Talks with a consortium led by Western Digital Corp wer...
BRUSSELS (Reuters) - Alphabet unit Google (GOOGL.O) will inform EU antitrust regulators on Tuesday on its plan to comply with an EU order to stop favoring its shopping service, the company said, two months after being hit with a record 2.4-billion-euros ($2.9 billion) fine. The European Commission i...
NEW DELHI (Reuters) - Global ride-hailing firm Uber Technologies will give free insurance to its 450,000 driver partners in India that will cover death, disability or hospitalization due to accidents, the company said on Tuesday. The San Francisco-based company, which competes with Softbank-backed l...
(Reuters) - Technology company Apple Inc (AAPL.O) and professional services company Accenture PLC (ACN.N) said Tuesday they will team up to help businesses build better applications for iOS, the operating system that powers Apple's iPhone and iPad. Accenture helps large companies write new software ...
MANILA (Reuters) - The Philippines lifted its one-month suspension on Uber Technologies [UBER.UL] ahead of schedule on Tuesday after the ride-hailing firm paid almost $10 million in a fine and financial aid to its drivers affected by the halted operations. The Land Transportation Franchising and Reg...
SEOUL (Reuters) - South Korea's LG Electronics participated in a main bidding round to buy Austrian automotive light maker ZKW Group in a deal that could potentially fetch $1.2 billion, Korea Economic Daily said on Tuesday. LG Electronics, South Korea's No.2 smartphone maker after Samsung Electronic...
BEIJING (Reuters) - Nissan Motor and its alliance partner Renault are setting up a new joint venture in China with Dongfeng Motor Group to design and build electric cars, joining a list of global automakers aiming to make such vehicles in China. The automakers are attempting to tap into a boom for s...
NEW YORK (Reuters) - Comcast Corp may be best known as a cable company, but it is banking on remote-controlled door locks and cameras as well as other "smart-home" offerings to accelerate its growing home security business. The push to diversify comes at a time when more U.S. consumers who are dropp...
PALO ALTO, Calif. (Reuters) - Uber Technologies Inc [UBER.UL] is pulling a heavily criticized feature from its app that allowed it to track riders for up to five minutes after a trip, its security chief told Reuters, as the ride-services company tries to fix its poor reputation for customer privacy....
ANN ARBOR, Mich. (Reuters) - Ford Motor Co and Domino's Pizza Inc in September will begin testing Michigan consumers' reactions to having their pies delivered by self-driving vehicles, the companies said on Tuesday. It will not be the first experiment with advanced pizza delivery technology. Austral...
LOS ANGELES/CHICAGO (Reuters) - On its first day as part of Amazon.com (AMZN.O), organic grocery chain Whole Foods Market Inc (WFM.O) slashed prices on popular items like avocados and apples on Monday by a third as it bid to shake off its "Whole Paycheck" reputation for high prices. In another sign ...
(Reuters) - Wearable device maker Fitbit Inc (FIT.N) on Monday launched its newest device, the Ionic smartwatch, with features ranging from fitness tracking to contactless payment, as it gears up to compete with rivals such as Apple Inc (AAPL.O). Once the market leader in wearables, Fitbit has recen...
(Reuters) - Expedia Inc Chief Executive Dara Khosrowshahi has been asked to lead Uber Technologies Inc [UBER.UL], according to an internal memo sent to Expedia staff. "Nothing has been yet finalized, but having extensively discussed this with Dara, I believe it is his intention to accept," Expedia C...
MUMBAI (Reuters) - Symantec Corp, a digital security company, says it has identified a sustained cyber spying campaign, likely state-sponsored, against Indian and Pakistani entities involved in regional security issues. In a threat intelligence report that was sent to clients in July, Symantec said ...
SEOUL (Reuters) - Samsung Electronics Co Ltd expects to invest $7 billion over the next three years to expand its NAND memory chip production in China's northwestern city of Xi'an, the South Korean tech giant said on Monday. In a regulatory filing Samsung said it approved $2.3 billion of the expecte...
