Western Digital seeks court injunction to block sale of Toshiba chip unit

TOKYO (Reuters) - Western Digital Corp has sought a court injunction to prevent Toshiba Corp from selling its chip business without the U.S. firm's consent - a move that threatens to throw the fiercely contested auction into disarray.

AIG teams with IBM to use blockchain for 'smart' insurance policy

(Reuters) - Insurer American International Group Inc has partnered with International Business Machines Corp to develop a "smart" insurance policy that uses blockchain to manage complex international coverage, the companies said on Wednesday.

Uber's open COO job in the spotlight amid leadership void

SAN FRANCISCO (Reuters) - With Chief Executive Travis Kalanick taking a leave of absence from Uber Technologies Inc, the vacant job of chief operating officer takes on a lot more importance as the company frames the position as key to solving its woes.

Google bets on European biotech drugs, backs new fund

LONDON (Reuters) - Google is betting on the potential of European biotech companies to deliver life-changing drugs by investing alongside Swiss company Novartis in a new $300 million fund run by leading life sciences investment firm Medicxi.

Goldman-backed startup Circle launches no-fee foreign payments service

PARIS/NEW YORK (Reuters) - Blockchain-based payments startup Circle Internet Financial on Thursday launched an international online money transfer service that allows people in the United States and Europe to send money to each other instantly and at no cost as it seeks to tear down borders in the p...

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Cummins to make electric powertrains for city buses in 2019

(Reuters) - Engine maker Cummins Inc plans to start production of electric powertrains for transit buses in cities around the world in 2019, executives said on a conference call on Wednesday.

Mattel plays with digital toys to triple China business

(Reuters) - Mattel Inc expects to grow three to four times in the more than $31 billion toys and games market in China by 2020 through digitally connected toys, as it intensifies its efforts to take on LEGO Group and Hasbro Inc in the country.

Racist post fines on social media firms illegal: German parliament body

BERLIN (Reuters) - A draft law approved by the German government allowing social network companies to be fined if they failed to remove racist posts and fake news quickly infringes on the constitutional right to freedom of expression, a parliamentary body has found.

Toshiba to miss financial reporting deadline: Nikkei

(Reuters) - Toshiba Corp would not be able to file its financial statement for the year ended March 31 within the regulatory deadline, the Nikkei business daily reported on Thursday.

EU fetes end of roaming charges but risks linger for travelers

BRUSSELS (Reuters) - Roaming charges for using mobile phones when traveling within the European Union disappear on Thursday, capping a decade-long battle by Brussels to show increasingly skeptical Europeans it can make their lives better.

Nokia debuts fastest routers on market, targeting web giants

SAN FRANCISCO (Reuters) - Nokia on Wednesday debuted the world's fastest network chips, marking a breakthrough into the core router market dominated by rivals Juniper and Cisco , while giving a boost to its existing network business.

French court advisor says Google not liable for back taxes

PARIS (Reuters) - U.S. internet giant Google should not be held liable for over one billion euros ($1.13 billion) in back taxes in France, an independent court advisor recommended to French judges, a court official said on Tuesday.

Facebook to add fundraising option to 'Safety Check'

(Reuters) - Facebook said on Wednesday it would soon allow its U.S. users to raise and donate money using its "Safety Check" feature, to make it easier for people affected by natural disasters and violent attacks to receive help.

Google agrees future tax payments with Indonesia, minister says

JAKARTA (Reuters) - Alphabet Inc's Google Asia Pacific headquarters has agreed on future tax payments with the Indonesian government, the country's communications minister said on Wednesday.

Brazil watchdog wants out of Oi reorganization, paper says

SAO PAULO (Reuters) - Brazil telecommunications industry watchdog Anatel has asked a bankruptcy court to exclude the 11 billion reais ($3.3 billion) in debt it is owed by phone carrier Oi SA from the purview of the carrier's in-court reorganization plan, O Estado de S. Paulo said on Wednesday.

Thomson Reuters makes its market data blockchain-friendly

NEW YORK (Reuters) - Thomson Reuters Corp plans to release a tool on Wednesday that will allow customers to plug its market data into systems that run on the digital ledger technology known as blockchain.

Japan govt-led bid for Toshiba chip unit to include SK Hynix: sources

TOKYO/SEOUL (Reuters) - A Japanese government-led consortium bidding for Toshiba Corp's chip business will include South Korean chipmaker SK Hynix Inc, sources familiar with the matter said – a move likely to add firepower to the group's bid in the hotly contested auction.

Uber director David Bonderman resigns from board following comment about women

SAN FRANCISCO (Reuters) - Uber Technologies Inc [UBER.UL] director David Bonderman said on Tuesday that he has resigned from the company's board following a remark he made during an Uber staff meeting that was widely seen as offensive to women.

Uber board member apologizes for remark about talkative women

SAN FRANCISCO (Reuters) - Uber Technologies Inc [UBER.UL] board member David Bonderman apologized on Tuesday for a comment he made about women at an all-staff meeting at the ride-hailing firm during a discussion of how it will transform itself after a probe into sexual harassment at the company.

Waymo retires Firefly to focus on mass-produced vehicles

(Reuters) - Alphabet Inc's self-driving car unit Waymo said it is retiring its line of Firefly test vehicles to focus on integrating its technology into mass-produced vehicles.

Sprint offers one-year free unlimited service aimed at Verizon users

NEW YORK (Reuters) - Sprint Corp is offering free unlimited data, talk and text for a year in an aggressive promotion launched on Tuesday, aimed at Verizon customers in an oversaturated U.S. wireless market.

Senators unveil road map for self-driving car legislation

WASHINGTON (Reuters) - A bipartisan trio of U.S. senators said on Tuesday they planned to introduce legislation to remove regulatory roadblocks to the introduction of self-driving cars, including sorting out conflicts between state and federal rules.

U.S. weighs restricting Chinese investment in artificial intelligence

WASHINGTON (Reuters) - The United States appears poised to heighten scrutiny of Chinese investment in Silicon Valley to better shield sensitive technologies seen as vital to U.S. national security, current and former U.S. officials tell Reuters.

U.S. blames North Korean government for cyber attacks since 2009

WASHINGTON (Reuters) - The U.S. government on Tuesday issued a rare alert on the activities of a hacking group it dubbed "Hidden Cobra," saying the group was part of the North Korean government.

Morgan Stanley developing online mortgage application tool

NEW YORK (Reuters) - Morgan Stanley is developing a new digital mortgage application tool in a bid to get more of its existing clients to turn to it for home loans, its wealth management technology head said on Tuesday.

Big investors, unfazed by techs' roller coaster, buy 'FANG' stocks

NEW YORK (Reuters) - Large investors, whose high exposure to large-cap technology stocks boosted their returns during the first quarter of the year, are doubling down on their investments even as stocks like Apple Inc and Facebook Inc stumble.

Uber CEO Kalanick to take leave of absence

FILE PHOTO - Uber CEO Travis Kalanick speaks to students during an interaction at the Indian Institute of Technology (IIT) campus in Mumbai, India, January 19, 2016. REUTERS/Danish Siddiqui/File photo

Verizon closes Yahoo deal; Mayer steps down

(Reuters) - Verizon Communications Inc said on Tuesday it closed its $4.48 billion acquisition of Yahoo Inc's core business and that Marissa Mayer, chief executive of the internet company, had resigned.

Apple issues $1 billion green bond after Trump's Paris climate exit

WASHINGTON (Reuters) - Apple Inc offered a $1 billion bond dedicated to financing clean energy and environmental projects on Tuesday, the first corporate green bond offered since President Donald Trump withdrew the United States from the Paris climate agreement.

China upholds strict electric car sales quotas despite industry protests

BEIJING (Reuters) - China upheld strict sales quotas for electrically powered vehicles in a draft regulation issued on Tuesday, ignoring concessions agreed between Chinese Premier Li Keqiang and German Chancellor Angela Merkel earlier this month.