NEW YORK (Reuters) - General Electric Co (GE.N) wants its industrial software business to cut costs and lift profits next year under new chief executive John Flannery, and is considering expanded partnerships and the possible sale of some equity in the unit, according to people familiar with the bus...

TOKYO (Reuters) - Western Digital Corp's (WDC.O) chief executive is in Tokyo to finalize an agreement to buy Toshiba Corp's (6502.T) memory chip business, ending months of dispute over the auction, a person familiar with the matter told Reuters on Monday. Toshiba is scrambling to sell its flash memo...

SEOUL (Reuters) - Samsung Electronics Vice Chairman Jay Y. Lee's defense lawyer has filed to appeal against a five-year jail term for bribery handed down by a lower court, the Seoul Central District Court's website said on Monday without giving details. A Samsung spokeswoman did not have any immedia...

SAN FRANCISCO (Reuters) - The Uber Technologies Inc [UBER.UL] board of directors said on Sunday it had voted on its pick for a new chief executive officer, but declined to disclose its choice publicly until informing employees. The board met during the weekend to deliberate over the selection of a n...

(Reuters) - Jeff Immelt, chairman of General Electric Co, said on Sunday he was no longer in the running for a leadership position at Uber Technologies Inc [UBER.UL] as the board of the beleaguered ride services company searches for a new chief executive. "I have decided not to pursue a leadership p...

SAN FRANCISCO (Reuters) - Four tablets from various delivery companies crowd the front counter of Proposition Chicken in San Francisco, each calling out with its own ring when an order arrives. When there is a ping, a cashier finds the right tablet and then retypes the order into the restaurant's ow...

MANILA (Reuters) - The Philippine transport regulator said on Friday it would lift a one-month suspension on Uber Technologies Inc [UBER.UL] if it paid a penalty of 190 million pesos ($3.7 million), a fine nearly 20 times greater than Uber had offered to pay. The Land Transportation Franchising and ...

WASHINGTON (Reuters) - A U.S. senator on Friday questioned the Federal Trade Commission's quick approval of Amazon.com Inc's purchase of Whole Foods Market Inc this week, less than three months after the $13.7 billion deal was announced. The FTC on Wednesday said it ended its antitrust investigation...

SHANGHAI (Reuters) - China's securities regulator said that company ownership reform plans must strictly abide by existing regulations, hinting there will be no repeat of the special treatment given to China Unicom (600050.SS) in its $11.7 billion restructuring. The China Securities Regulatory Commi...

TOKYO (Reuters) - Western Digital Corp (WDC.O), part of a group offering to buy Toshiba Corp's (6502.T) memory chip unit, is not seeking a management role in the business, people familiar with the matter told Reuters on Friday. Toshiba is scrambling to sell its flash memory unit to cover losses from...

HONG KONG (Reuters) - JD.com Inc (JD.O) has invested in ride-hailing startup PT Go-Jek Indonesia, in another sign that China's second-largest e-commerce firm is tapping growth in Southeast Asian mobile-based services, people familiar with the matter told Reuters. Go-Jek, whose investors include glob...

MOSCOW/SAN FRANCISCO (Reuters) - When Alexander Vinnik was arrested on money-laundering charges at a Greek hotel in late July, the status of his Jabber secure online messaging account was set to "away". "He often takes some time to reply, so at first I didn't think anything of it," said one person w...

MUMBAI (Reuters) - Indian IT services firm Infosys named Nandan Nilekani, one of its founders and former heads, as chairman on Thursday in a bid to end a lengthy feud between the board and the company's founders. The move is likely to reassure employees and clients, and quell shareholder concerns af...

SINGAPORE (Reuters) - Ride-hailing firm Grab, the main Southeast Asian rival of Uber Technologies Inc [UBER.UL], said it would commit $100 million over the next three years to deepen its presence in Myanmar, grow to more cities and roll out its other services. Grab said it wanted to launch its payme...

SAN FRANCISCO (Reuters) - Tesla Inc (TSLA.O) next month plans to unveil an electric big-rig truck with a working range of 200 to 300 miles, Reuters has learned, a sign that the electric car maker is targeting regional hauling for its entry into the commercial freight market. Chief Executive Elon Mus...

SAN FRANCISCO (Reuters) - Benchmark Capital called ousted Uber Technologies Inc [UBER.UL] Chief Executive Travis Kalanick a "corrosive influence" on the ride-services company in a court filing on Thursday, the latest salvo in a battle between the two over Kalanick's presence on Uber's board. The dis...

CHICAGO (Reuters) - The pledge by Taiwan's Foxconn to build a $10 billion factory in southern Wisconsin has ignited cross-border competition with Illinois over which state’s residents will get the jobs created by the project. Backers of Wisconsin’s $3 billion incentives package, which is...

(Reuters) - WeWork Cos said on Thursday it received an additional $3 billion investment from Japan's SoftBank Group (9984.T) and its Vision Fund, helping the shared-office startup ramp up its expansion globally. SoftBank's investment will be through new shares and the acquisition of existing shares ...

(Reuters) - Amazon.com Inc (AMZN.O) said on Thursday it plans to complete its $13.7 billion acquisition of Whole Foods Market Inc (WFM.O) on Monday after winning antitrust approval from U.S. regulators on Wednesday. The companies said in a joint statement that Whole Foods will offer lower prices sta...

(Reuters) - Apple Inc will build a $1.375 billion data center in Waukee near Des Moines, Apple and Iowa officials said on Thursday, with $207.8 million in incentives approved by the Iowa Economic Development Authority. Apple will purchase 2,000 acres (8.09 square km) of land in Waukee to build two d...

SEOUL (Reuters) - A South Korean court will rule on Friday on corruption charges against Jay Y. Lee, the billionaire head of Samsung Group, after a six-month trial in a nationwide bribery scandal that triggered the dismissal from office of the country's president. Lee, the 49-year-old heir to one of...

BEIJING (Reuters) - China Life Insurance Group Co and Baidu Inc will form a 7 billion yuan ($1 billion) private equity fund, targeting internet and other technology investments, China Life's listed arm said on Thursday. The Baidu Fund Partnership will be capitalized by China Life through a special p...

LONDON (Reuters) - Britain said on Thursday it wanted to continue to cooperate closely with the European Union on data protection after it leaves the bloc and proposed using an "adequacy" agreement to ensure the free flow of information. In the latest in series of papers outlining some of Britain's ...

TOKYO (Reuters) - A consortium that includes Western Digital (WDC.O) is offering 1.9 trillion yen ($17.4 billion) for Toshiba Corp's (6502.T) memory chip business, which the Japanese conglomerate is trying to sell to cover losses from its U.S. nuclear business, sources said on Thursday. Western Digi...

BEIJING (Reuters) - JD.com Inc (JD.O) on Thursday said it has reached a deal to sell goods through the popular browser, search engine and app store of Qihoo 360 Technology Co Ltd QIHUy.SG, as China's second-biggest e-commerce firm seeks new ways of attracting users. JD said it will share data with Q...

PARIS (Reuters) - French yachtsman Alain Thebault wants to turn a boat design he used to break a world speed sailing record in 2009 into a clean, fast taxi service for the waterways of major cities. The SeaBubble won the backing of private investors - Thebault expects to raise between 50 to 100 mill...

SEOUL (Reuters) - Samsung Group, South Korea's leading conglomerate, has no 'Plan B' for taking big decisions if its billionaire de facto leader Jay Y. Lee is jailed for corruption, people familiar with the matter said. Lee, 49, has been in detention since February, on trial for charges ranging from...

(Reuters) - Electric carmaker Tesla Inc said on Wednesday it would pay $700,000 to its global sales and service president, Jon McNeill, if he met certain targets for 2017. Elon Musk-run Tesla has been counting on its least pricey electric sedan, Model 3, to become a profitable and high-volume manufa...

SAN FRANCISCO (Reuters) - Uber Technologies Inc [UBER.UL] reported on Wednesday that its losses narrowed in the second quarter by 9 percent and ride bookings rose, but the company is still a long way from being profitable. Uber said its net loss was $645 million, down from $708 million in the first ...

(Reuters) - Facebook Inc on Wednesday named one of its veteran executives Andrew Bosworth to lead all of its consumer hardware efforts, including its Building 8 division, the Business Insider reported. Facebook launched the research shop, called Building 8, last year to conduct long-term work that m...