SK Hynix CEO says will consider fresh bid for Toshiba chip unit stake

SEOUL (Reuters) - SK Hynix Inc will consider making a fresh bid for Toshiba Corp's flash memory chip business should the Japanese conglomerate offer more of it for sale, the chief executive of the South Korean chipmaker said on Thursday.

HP Inc reports 3.6 percent rise in quarterly revenue

FILE PHOTO - A Hewlett-Packard logo is seen at the company's Executive Briefing Center in Palo Alto, California January 16, 2013. REUTERS/Stephen Lam/File Photo

Tesla says Model 3 on track for volume production by September

(Reuters) - Tesla Inc posted a smaller quarterly loss and said its mass-market Model 3 sedan was on track for volume production by September.

Fitbit forecasts current-quarter revenue below estimates

(Reuters) - Fitbit Inc forecast lower-than-expected revenue for the current quarter, underscoring the wearable device maker's struggles with waning demand for its fitness tracking bands in a maturing market.

Dorsey's Square reports 20.7 percent jump in quarterly revenue

(Reuters) - Square Inc , the mobile payments company co-founded and run by Twitter Inc Chief Executive Jack Dorsey, reported a 20.7 percent jump in quarterly revenue as it processed more payments.

Tesla down ahead of first quarterly report to include SolarCity

SAN FRANCISCO (Reuters) - Shares of Tesla were down almost 1 percent on Wednesday ahead of the electric car maker's first quarterly report following its $2.6 billion acquisition of solar panel installer SolarCity.

British, Canadian regulators agree to assist fintechs

TORONTO (Reuters) - British and Canadian regulators have signed an agreement to make it easier for financial technology companies to expand in each other's markets, they said on Wednesday.

Apple says new California headquarters to open in April

(Reuters) - Apple's sprawling new campus, dubbed "Apple Park," will open in April, the iPhone maker said on Wednesday.

GE, Intel, AT&T team up to put cameras, mics in San Diego

SEATTLE (Reuters) - General Electric will put cameras, microphones and sensors on 3,200 street lights in San Diego this year, marking the first large-scale use of "smart city" tools GE says can help monitor traffic and pinpoint crime, but raising potential privacy concerns.

India's Snapdeal to cut 600 staff, founders forego salary

MUMBAI (Reuters) - Indian online marketplace Snapdeal is to lay off 600 employees and its founders will forego their salaries as the company struggles to turn a profit in a market increasingly dominated by rivals Flipkart and Amazon .

Verizon to offer 5G to select customers in 11 U.S. cities

(Reuters) - Verizon Communications Inc said on Wednesday it would offer its high-speed wireless 5G network to certain customers in 11 U.S. cities in the first half of 2017.

Confident Snap brushes off concerns on second day of IPO roadshow

NEW YORK (Reuters) - Snap Inc, owner of popular messaging app Snapchat, fended off investor skepticism on the second day of its IPO roadshow on Tuesday, betting on the charisma of CEO Evan Spiegel, 26, whom it introduced as a "once in a generation founder."

Exclusive: Facebook in talks to live stream one MLB game per week - sources

NEW YORK (Reuters) - Facebook Inc is in talks with Major League Baseball to live stream one game per week during the upcoming season, which could be a key win as the social media platform works to offer more live sports, according to two people familiar with the situation.

Brazil's Creditas gets $19 million amid boom in local fintech financing

SAO PAULO (Reuters) - Creditas Soluções Financeiras Ltda, a Brazilian financial technology firm focused on secured consumer loans, has obtained $19 million from investors in a financing round that will allow it to provide borrowers with funds for one-fourth of what they pay to domestic...

Continue reading

UPS tests drone deliveries in Florida with eye to cost cuts

(Reuters) - Package delivery company United Parcel Service Inc tested home delivery by drone in Lithia, Florida, on Monday, the first step in what the company hopes will be a move toward more automated delivery.

BMW, Mobileye in deal to collect map data for self-driving cars

JERUSALEM (Reuters) - Israel's Mobileye and German automaker BMW said on Tuesday they signed an agreement to install Mobileye's data generation technology in BMW cars starting with 2018 models.

Investors bet on Israel tech stock windfall under Trump

TEL AVIV (Reuters) - Investors are betting heavily that Israeli defense and cyber-security firms will reap a windfall from President Donald Trump's big U.S. spending plans, although likely benefits for the wider economy remain like the man himself - hard to predict.

Verizon revises deal with Yahoo to $4.48 billion

(Reuters) - Verizon Communications Inc , the No. 1 U.S. wireless carrier, said on Tuesday it agreed to buy the core internet business of Yahoo Inc for $4.48 billion, reflecting a $350 million cut to the original price.

Toshiba wants to pick preferred bidder for chip unit sale by May: source

TOKYO (Reuters) - Toshiba Corp wants to pick the preferred bidder or bidders for a majority stake in its chip unit by the end of May and will hold the first round of bids next month, a source with knowledge of the plan said.

Mukesh Ambani expected to say Reliance Jio hit 100 million subscribers: source

MUMBAI (Reuters) - India's richest man Mukesh Ambani is likely to announce on Tuesday that Reliance Industries' has reached its targeted 100 million subscribers on its Jio telecom unit, a source familiar with the matter said.

Telefonica to sell up to 40 percent of Telxius to KKR for 1.3 billion euros

MADRID (Reuters) - Spain's Telefonica said on Tuesday it had agreed to sell up to a 40 percent stake in its telecom masts subsidiary Telxius to private equity firm KKR for 1.275 billion euros ($1.35 billion).

TransferWise launches international money transfers via Facebook

NEW YORK (Reuters) - Money transfer company TransferWise has launched a new service that allows users to send money internationally through Facebook Inc's chat application, as competition in the digital payments landscape intensifies.

Uber hires ex-U.S. Attorney General Holder to probe sexual harassment

(Reuters) - Uber Technologies Inc has hired former U.S. Attorney General Eric Holder to conduct a review of sexual harassment claims at the ride-hailing service made by a former employee.

Toshiba wants to raise at least $8.8 billion from sale of chip unit majority stake: source

TOKYO (Reuters) - Toshiba Corp wants to raise as least 1 trillion yen ($8.83 billion) from the sale of a majority stake in its NAND flash memory business to plug a hole in its finances from a $6.3 billion writedown of its U.S. nuclear unit, a source said.

EU privacy watchdogs say Windows 10 settings still raise concerns

BRUSSELS (Reuters) - European Union data protection watchdogs said on Monday they were still concerned about the privacy settings of Microsoft's Windows 10 operating system despite the U.S. company announcing changes to the installation process.

Reliance's Jio hails Uber ride in payments battle with PayTM

MUMBAI (Reuters) - Uber users in India, who until now had Chinese Internet giant Alibaba-backed PayTM as the only payment wallet option available to book a ride, will now be able to pay through Reliance Jio Infocomm's [RELIB.UL] Jio Money.

Snap arrives in London to woo skeptical investors ahead of IPO

LONDON (Reuters) - Snap Inc, owner of popular messaging app Snapchat, kicked off its first investor roadshow on Monday, looking to persuade London money managers to back its initial public offering in the face of concerns about its growth prospects, valuation and corporate governance.

China bicycle-sharing startup Mobike gets funding from Temasek, others

BEIJING (Reuters) - Chinese bicycle-sharing startup Mobike said on Monday it has raised funding in a new round led by Singapore state investor Temasek Holdings [TEM.UL] and hedge fund Hillhouse Capital, bringing its total new funding in 2017 to more than $300 million.

Snap bets on hardware as Facebook threat looms

SAN FRANCISCO (Reuters) - Snap Inc takes to the road in London on Monday to promote its initial public offering with a daring proposition: that it can build hot-selling hardware gadgets and ad-friendly software features fast enough to stay one step ahead of Facebook.

Alibaba extends bricks-and mortar retail push with Bailian deal

SHANGHAI (Reuters) - Chinese tech giant Alibaba Group Holding Ltd has formed a strategic partnership with retail conglomerate Bailian Group, extending a push into bricks-and-mortar retail as online growth slows.