Amazon chief Bezos cashes in $1.8 billion of share pile

Amazon.com Inc founder Jeff Bezos sold shares worth $1.8 billion in the last three days of July, reducing the value of his stake in the world's third most valuable company to about $110 billion.

VW's Electrify America in venture for automated self-charging facility

Volkswagen unit Electrify America said on Thursday it has entered into an agreement with electric vehicle fleet charging company Stable Auto to deploy charging services using robot technology for self-driving electric vehicles.

Verizon beats profit estimates as monthly phone subscribers jump

Verizon Communications Inc on Thursday beat second-quarter profit estimates as the largest U.S. mobile carrier added far more net new phone subscribers who pay a monthly bill than expected.

Indonesia plans incentives to boost electric vehicle industry

Indonesia plans a series of incentives to boost production of electric vehicles (EVs), according to a copy of a draft regulation reviewed by Reuters.

BP forms Chinese venture to build electric-vehicle charging hubs

BP said on Thursday it would build a network of electric-vehicle charging hubs in China with China’s Didi Chuxing as the British firm bets on the world’s largest market for such cars to help profits during the transition from oil to cleaner fuels.

San Diego duo takes on electric scooter industry

Two men in San Diego have impounded thousands of electric scooters they say have been left littered about the city and endangering pedestrians, sparking a battle with companies that have flooded cities with the two-wheelers.

Zalando profit guidance upgrade sends shares higher

Online fashion retailer Zalando raised its profit guidance on Thursday after a big jump in visits to its website, with the company citing efforts to provide a best-in-class fashion experience and more speedy delivery options.

China's iDreamSky, Russia's Mail.ru form games partnership

Tencent-backed Chinese video game publisher iDreamSky Technology Holdings and Russian tech firm Mail.ru Group's games unit said on Thursday that they would establish a long-term partnership to expand their global presence.

Thomson Reuters raises outlook, grows fastest since financial crisis

Thomson Reuters Corp raised its sales and core profit outlook for 2019 and 2020 on Thursday after reporting 4% organic revenue growth for the second quarter, which it said was its best since 2008 and ahead of its expectations.

Zalando raises profit guidance as site visits soar

Zalando, Europe's biggest online-only fashion retailer, raised its full-year profit outlook on Thursday after a big jump in the number of visits to its site, helped in part by faster delivery options.

Infineon CEO sees semiconductor recovery only in 2020

German chipmaker Infineon expects the semiconductor industry to recover only in 2020, with no sign of recovery yet in the strategically important Chinese auto market, Chief Executive Reinhard Ploss said on Thursday.

Amazon in early talks to buy stake in India's Reliance Retail: ET

Amazon.com Inc is in exploratory talks with Reliance Industries Ltd's retail unit to buy an up to 26% stake in India's biggest brick-and-mortar retailer, the Economic Times (ET) reported on Thursday.

Thomson Reuters raises outlook as revenue growth picks up

Thomson Reuters Corp raised its sales and core profit outlook for 2019 and 2020 on Thursday after reporting 4% organic revenue growth for the second quarter, which it said was its best since 2008 and ahead of its expectations.

Infineon confirms reduced guidance, says Cypress deal on track

German chipmaker Infineon expects to meet its lowered guidance for the year to Sept. 30, it said on Thursday after posting third-quarter sales and profit in line with market expectations.

Sharp posts lower-than-expected profit as trade gloom hits electronics demand

Sharp Corp reported a lower-than-expected quarterly operating profit, as an escalating trade war between the United States and China dampened demand for its electronics devices and television sets.

South Korean chip giants face 'strangling' from Japanese export curbs

South Korean chipmakers are hitting a dead end in their quest to find alternatives for key Japanese materials that have been slapped with export restrictions, raising the prospect of major disruption to their operations in the coming months.

Infineon confirms thrice-reduced guidance, Cypress deal on track

German chipmaker Infineon said on Thursday it expected to meet its thrice-lowered guidance for the business year to Sept. 30 as it reported fiscal third-quarter sales and profit that were in line with market expectations.

Zalando lifts profit forecast as site visits soar

Zalando, Europe's biggest online-only fashion retailer, raised its full-year profit outlook on Thursday after it reported a big jump in the number of visits to its site and orders in the second quarter.

Chinese drugmaker Chipscreen's STAR Market IPO sees feverish demand

Shenzhen Chipscreen Biosciences, which plans to list on China's red-hot new tech board, said its newly issued shares were almost 3,000-times oversubscribed among retail investors, despite an eye-popping offer pricing of 468-times earnings.

Chinese startup Xiaohongshu's app pulled from China Android stores

Chinese startup Xiaohongshu, which allows users to post product reviews and share shopping experiences, said on Thursday it will conduct a self-examination and correct its content after its app was removed from Android stores in China this week.

Revolut launches free share trading in Europe

Digital finance business Revolut is launching a fee-free share-trading service in the UK and Europe on Thursday, seeking a slice of the brokerage-controlled market to continue the company's rapid expansion.

Amazon in talks to buy stake in India's Reliance Retail: ET

Amazon.com Inc is in exploratory talks with Reliance Industries Ltd-owned Reliance Retail for buying up to 26% stake in India's biggest brick-and-mortar retailer, the Economic Times (ET) reported (https://economictimes.indiatimes.com/industry/services/retail/amazon-may-shop-for-stake-in-reliance-ret...

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Amazon in talks to buy stake in India's Reliance Retail: ET

Amazon.com Inc is in exploratory talks with Reliance Industries Ltd-owned Reliance Retail for buying up to 26% stake in India's biggest brick-and-mortar retailer, the Economic Times (ET) reported https://economictimes.indiatimes.com/industry/services/retail/amazon-may-shop-for-stake-in-reliance-reta...

Continue reading

Fitbit cuts 2019 revenue view, Versa Lite sales lag; shares tank

Wearable device maker Fitbit Inc cut its 2019 revenue forecast on Wednesday, blaming disappointing sales of its newly launched cheapest smartwatch Versa Lite, sending its shares tumbling as much as 16% to a record low.

Cisco whistleblower gets first False Claims payout over cybersecurity

Cisco Systems Inc has agreed to settle a whistleblower’s claim that it improperly sold video surveillance software with known vulnerabilities to U.S. federal and state governments, marking the first payout on a False Claims Act case brought over failure to meet cybersecurity standards.

Big broadcasters sue non-profit that streams TV channels for free

The four major U.S. television networks on Wednesday sued a non-profit group backed by AT&T Inc that streams TV channels over the internet for free without permission.

Critics question 'Five Eyes' push to expand spies' telecoms access

Former government officials and privacy campaigners are questioning demands by "Five Eyes" security ministers that high-tech communications systems should remain accessible to spies and official investigators.

Facebook defeats appeal in U.S. claiming it aided Hamas attacks in Israel

Facebook Inc on Wednesday defeated an appeal by American victims of Hamas attacks in Israel, who sought to hold the company liable for providing the group a social media platform to further its terroristic goals.

Explainer: What do you do after a data breach?

A hacker has stolen the personal information of over 100 million people from Capital One Financial Corp , the company said this week, in the latest high-profile breach of sensitive consumer data.

Synamedia sees pay TV driving growth for 3-4 years before IPO

(This July 30 has been refiled to correct spelling of DirecTV in first paragraph)