MILAN (Reuters) - French media group Vivendi could avoid having to sell a 20 percent stake in Mediaset by placing it into a blind trust, a source at Italy's communications watchdog AGCOM said on Wednesday. AGCOM said in April that Vivendi's stake-building at both broadcaster Mediaset and phone group...
JAKARTA (Reuters) - Indonesian travel start-up Traveloka, which has raised nearly $500 million from investors including Expedia Inc and China's JD.com Inc, plans to ramp up its new tourist attraction booking service next year, a senior executive said. Investors have been pouring money into start-ups...
TAIPEI (Reuters) - Chinese tech conglomerate LeEco is in the midst of paying back an overdue loan and discussing repayments of a larger, upcoming due loan with China Construction Bank, the company said in a statement responding to media reports on Wednesday. LeEco, one of China's most ambitious comp...
(Reuters) - Apple Inc's (AAPL.O) surprisingly strong quarterly results and forecast pushed the iPhone maker's shares to a record high, putting the Dow Jones Industrial Average .DJI on track to breach the 22,000 mark when the market opens. Apple's shares were up 5.5 percent at $158.33 in premarket tr...
LONDON (Reuters) - British Airways said it had resolved an issue with its systems that affected the check-in process on flights from Heathrow on Wednesday, saying that customers were now being processed as normal. "Customers are being checked in as normal after an earlier problem was resolved. We ar...
TAIPEI (Reuters) - Asian tech shares rallied on Wednesday on the back of Apple's robust earnings, with hopes the iPhone maker's fortunes will help boost sales of the region's hardware component suppliers ahead of the new iPhone launch. On Tuesday, Apple Inc delivered surprisingly strong fiscal third...
BEIJING/SHANGHAI (Reuters) - A Chinese partner of global e-commerce firm Amazon.com Inc has told customers to end the use of illegal virtual private networks (VPNs), which can allow users to circumvent internet censorship. The instruction comes after Apple Inc removed VPN services from its Chinese a...
TOKYO (Reuters) - Japanese conglomerate Toshiba Corp's talks to sell its prized memory chip business have stalled, raising concerns over how fast the company can plug a multi-billion-dollar balance sheet hole left by the collapse of its U.S. nuclear business. Toshiba's chips and devices business acc...
HONG KONG (Reuters) - Chinese peer-to-peer lending platform Dianrong said on Wednesday it raised $220 million from a group of investors led by Singapore sovereign wealth fund GIC Pte Ltd, looking to step up research of new technology as it expands across China and explores ventures in other countrie...
SEOUL (Reuters) - Shares in South Korea's SK Hynix Inc, the world's second-biggest memory chip maker, rose more than 3 percent on Wednesday morning after Apple Inc delivered surprisingly upbeat earnings. Apple reported a 7.2 percent rise in quarterly revenue on Tuesday, buoyed by better-than-expecte...
NEW YORK (Reuters) - Bitcoin's underlying software code was split on Tuesday, generating a new clone called "Bitcoin Cash," but the new virtual currency got off to a slow start due to lackluster support for its network. The initiative was headed by a small group of mostly China-based bitcoin miners ...
(Reuters) - Apple Inc forecast current-quarter revenue largely above estimates on Tuesday, helping allay some investor concerns about a possible delay in the launch of the iPhone's 10th-anniversary edition later this year. Shares of the world's most valuable technology company, which also reported b...
NEW YORK (Reuters) - Sprint Corp (S.N) shares jumped more than 10 percent on Tuesday after its chief executive said an announcement on merger talks should come in the "near future" and the company reported a quarterly profit for the first time in three years. The No. 4 U.S. wireless carrier, majorit...
MILAN (Reuters) - Vivendi has proposed amendments to how it plans to remove its position of significant influence at Italian broadcaster Mediaset, Italy's communications watchdog AGCOM said on Tuesday. It added that further talks were necessary in order to have more details as to how Vivendi intends...
(Reuters) - Goldman Sachs Group Inc plans to open an online deposits business in Europe, the bank's treasurer Robin Vince said on Tuesday. On Goldman's fixed income earnings call, Vince said Goldman had added $5 billion of online deposits since it acquired General Electric Co's online deposits busin...
LONDON (Reuters) - BP is in talks with electric vehicle makers on partnering to offer battery re-charging docks at its global network of fuel service stations as it seeks to benefit from the move away from diesel and petrol cars, Chief Executive Bob Dudley told Reuters on Tuesday. The expected rapid...
FRANKFURT/MUNICH (Reuters) - Infineon (IFXGn.DE) will supply parts to Tesla's upcoming mass-market Model 3 electric car, the German chipmaker said on Tuesday, after being beaten out as initial supplier by Franco-Italian rival STMicroelectronics (STM.PA) for the coveted deal. Infineon, which supplies...
SHANGHAI/BEIJING (Reuters) - Apple Inc (AAPL.O) is binding itself more closely to China as its share of the world's biggest smartphone market slips and it becomes more reliant on selling services which require government approval. A flurry of recent action by Cupertino-based Apple underlines its pus...
NEW DELHI (Reuters) - Apple Inc (AAPL.O) has asked the Indian government to extend tax breaks to its suppliers if India seeks to become a manufacturing hub for iPhones and its components. Government officials say meeting this request would require a new policy that applies fairly to other device mak...
BEIJING (Reuters) - In China, the plush international hotel lobby has been one of the few places to find gaps in the "Great Firewall", a sophisticated system that denies online users access to blocked content such as foreign news portals and social media platforms like Facebook (FB.O) and Twitter (T...
FRANKFURT (Reuters) - Germany's Volocopter said it has received 25 million euros ($30 million) in funding to develop an electric flying taxi, with car and truck maker Daimler among the firms providing fresh cash. Daimler joined a consortium which includes technology investor Lukasz Gadowski, who sit...
LONDON (Reuters) - British payments firms Worldpay said on Tuesday that its U.S. suitor Vantiv has been granted a week-long extension to Aug. 8 to make a firm takeover bid or walk away for six months. Vantiv agreed to buy Worldpay, a former unit of Royal Bank of Scotland, for 7.7 billion pounds ($10...
TOKYO (Reuters) - Japan's Sony Corp on Tuesday reported its highest-ever first-quarter operating profit, taking the electronics giant one step toward its highest annual profit in two decades on the back of robust sales of image sensors. In a vote of confidence for Sony's turnaround under Chief Execu...
KIEV (Reuters) - When the chief of Microsoft Ukraine switched jobs to work for President Petro Poroshenko, he found that everyone in the office used the same login password. It wasn't the only symptom of lax IT security in a country suffering crippling cyber attacks. Sometimes pressing the spacebar ...
SAN FRANCISCO, August 1 (Reuters) - The bloom is off seed funding, the business of providing money to brand-new startups, as investors take a more measured approach to financing emerging U.S. technology companies. Seed-stage financing has been sliding for the last two years, with the number of trans...
NEW YORK (Reuters) - The S&P 500 will start excluding companies that issue multiple classes of shares, managers of the index said on Monday, a move that effectively bars Snap Inc after its decision to offer stock with no voting rights. The decision takes effect starting Tuesday, according to a s...
NEW YORK (Reuters) - Bitcoin's underlying software code could be split on Tuesday to create a clone called "Bitcoin Cash," potentially providing a windfall for holders of the digital currency. The initiative is being led by a small group of mostly China-based bitcoin miners - who get paid in the cur...
(Reuters) - Pandora Media Inc reported better-than-expected quarterly revenue as advertisers spent more on the online music streaming service amid stiff competition. The company's shares were up 1.4 percent in choppy after-hours trading on Monday. The stock was up 6 percent after the quarterly resul...
WASHINGTON (Reuters) - A U.S. congressional committee on Monday asked for input from Google parent Alphabet Inc (GOOGL.O), Facebook Inc (FB.O), Comcast Corp (CMCSA.O), Amazon.com Inc (AMZN.O) and other major companies on a proposed rewrite of rules governing consumer internet access, according to an...
(Reuters) - Spotify now has 60 million paying subscribers, adding 10 million subscribers in less than five months, a spokeswoman for the music streaming company said on Monday. The spokeswoman declined to comment on a report in the Financial Times that the Swedish company was eyeing a listing as soo...
