SoftBank Group Corp (9984.T) said on Friday it was selling a further $1.1 billion of its shares in Alibaba Group Holding Ltd (BABA.N), bringing the total it has sold in the Chinese e-commerce company to $10 billion. Separately, SoftBank agreed to sell most of its remaining stake in mobile gaming com...
A man talks on his mobile phone in front of a Wal-Mart store in Sao Paulo, Brazil, February 16, 2016. Reuters/Nacho Doce Wal-Mart Stores Inc executives touted the technology investments the world's No. 1 retailer is making to boost online sales, during the annual shareholder meeting on Friday. Chief...
New York state's financial regulator sent a letter to 28 companies this week requesting information about their online lending activities, according to a person familiar with the matter and a copy of the letter seen by Reuters. The New York Department of Financial Services sent the letter to San Fra...
Honoree and founder of Nest, Tony Fadell, arrives at the Time 100 gala celebrating the magazine's naming of the 100 most influential people in the world for the past year in New York April 29, 2014. Reuters/Lucas Jackson Alphabet Inc unit Nest, which makes smart thermostats, said Chief Executive Ton...
A U.S. congressional committee has launched an investigation into the Federal Reserve's cyber security practices after a Reuters report revealed more than 50 cyber breaches at the U.S. central bank between 2011 and 2015. The House Committee on Science, Space and Technology on Friday sent a letter to...
President of Seiko Epson corporation Minoru Usui poses before a Reuters interview during the opening day of the IFA consumer electronics fair in Berlin, August 31, 2012. Reuters/Tobias Schwarz Technology developed by Epson (6724.T) that enables robots to perform precise tasks, such as putting a key ...
U.S. Democratic presidential candidate Hillary Clinton speaks during a Glassdoor Pay Equality Roundtable in New York, April 12, 2016. Reuters/Brendan McDermid Job aggregation website Glassdoor Inc said it has raised $40 million in a new financing round, led by funds advised by T. Rowe Price Associat...
A Kuka technician programs a robot arm of German industrial robot maker Kuka at the company's stand during the Hannover Fair in Hanover, Germany, April 25, 2016. Reuters/Wolfgang Rattay German Economy Minister Sigmar Gabriel is not trying to organize an alternative offer for Kuka after Chinese home ...
Founder and Executive Chairman of Alibaba Group Jack Ma meets Facebook founder and CEO Mark Zuckerberg (not pictured), at the China Development Forum in Beijing, China, March 19, 2016. Reuters/Shu Zhang/File Photo Alibaba Group Holding Ltd, whose accounting practices are under investigation by U.S. ...
A taxi is reflected in a window at the office of taxi-hailing service Uber Inc in Hong Kong, China August 12, 2015. Reuters/Tyrone Siu Ride-hailing app Uber expects to continue on a "rapid growth" path in China, hoping to surpass market leader Didi Chuxing in 2017, Uber China's head of strategy said...
Shopping carts are seen outside a new Wal-Mart Express store in Chicago July 26, 2011. Reuters/John Gress/Files Wal-Mart Stores Inc will partner with ride hailing services Uber and Lyft to trial online grocery deliveries, as it looks to speed up shipment times and better compete with rivals like Ama...
Facebook Inc's board has proposed removing Mark Zuckerberg's majority voting control in the event of the social media giant's chief executive and founder deciding to exit management at some point in future. In a proxy filing on Thursday with the U.S. Securities and Exchange Commission, Facebook's bo...
FILE PHOTO: Sumner Redstone, executive chairman of CBS Corp. and Viacom, arrives at the premiere of 'The Guilt Trip' in Los Angeles December 11, 2012. Reuters/Fred Prouser/File Photo Sumner Redstone's spokesman said the 93-year-old is mentally capable of removing Viacom Inc Chief Executive Philippe ...
An employee walks past a logo of Samsung C&T Corp at the company's headquarters in Seoul, South Korea, July 16, 2015. Reuters/Kim Hong-Ji South Korea's Samsung SDS Co Ltd said on Friday it was considering spinning off its logistics process outsourcing and IT systems services businesses but no de...
Elon Musk, Chairman of SolarCity and CEO of Tesla Motors, speaks at SolarCity's Inside Energy Summit in Manhattan, New York October 2, 2015. Reuters/Rashid Umar Abbasi Artificial intelligence and machine learning will create computers so sophisticated and godlike that humans will need to implant "ne...
Ride-hailing app Uber has finally cracked Japan - approved to offer its service in Tango, part of Kyotango city on the west coast, with a population of just 5,560 and abandoned by the local taxi firm eight years ago. Tango is one of Japan's almost 800 designated depopulated communities, and about 40...
The SWIFT logo is pictured in this photo illustration taken April 26, 2016. Reuters/Carlo Allegri/Illustration/File Photo The chief executive of secure messaging system SWIFT said the theft of $81 million from Bangladesh’s central bank, by criminals sending fraudulent payment instructions via ...
Securities and Exchange Board of India (SEBI) Chairman U.K. Sinha speaks during Thomson Reuters Risk Summit in Mumbai, India, May 5, 2016. Reuters/Shailesh Andrade The head of India's financial markets regulator visited Silicon Valley this week to promote rule changes in his country protecting minor...
Workers prepare for the opening of an Apple store in Hangzhou, Zhejiang province, January 23, 2015. Reuters/Chance Chan/File Photo Apple Inc said on Thursday that a number of its services, including the App Store, was experiencing some issues. Other services affected include those related to iCloud,...
As Beijing moves in to buy up firms from Germany's famed "Mittlestand" of mid-sized manufacturers, politicians are nervous that Chinese owners may take their vaunted technology and move jobs abroad. But one of the first prominent mid-sized German engineering firms to sell out to the Chinese says suc...
Europe's telecoms operators will have to justify giving priority to certain services on their network, according to new EU regulatory guidelines in a move likely to disappoint an industry hoping for more leeway so they can boost revenues. The European Union last year adopted its first ever net neutr...
Partners from two longtime Silicon Valley venture-capital firms said they are launching a third: Wildcat Venture Partners, a firm focused on the stage where young companies have products ready to put on the market. Mohr Davidow's Bill Ericson, Katherine Barr, and Bryan Stolle, along with InterWest's...
The logo of Down Jones Industrial Average stock market index listed company Walmart is shown on one of its stores in Encinitas, California April 13, 2016. Reuters/Mike Blake Wal-Mart Stores Inc said Thursday it was six to nine months from beginning to use drones to check warehouse inventories in the...
People walk past a sign board of Huawei at CES (Consumer Electronics Show) Asia 2016 in Shanghai, China May 12, 2016. Reuters/Aly Song The U.S. Commerce Department has issued a subpoena to Huawei Technologies Co Ltd [HWT.UL] as part of a probe into the Chinese technology company's transactions in Cu...
The logo of car-sharing service app Uber on a smartphone over a reserved lane for taxis in a street is seen in this photo illustration taken in Madrid on December 10, 2014. Reuters/Sergio Perez/Illustration/File Photo A group representing 5,000 Uber Technologies Inc [UBER.UL] drivers in New York Cit...
BMW (BMWG.DE) has transformed its "i" division into a development center for self-driving cars, a board member told Reuters, a major strategic shift for the unit previously focused on making a family of lightweight electric vehicles. While Tesla's (TSLA.O) Model 3 will hit showrooms in 2017, and as ...
A driver displays Uber and Lyft ride sharing signs in his car windscreen in Santa Monica, California, U.S., May 23, 2016. Reuters/Lucy Nicholson/Files Uber and Lyft on Thursday will attempt to persuade separate U.S. judges to approve class action settlements which keep drivers classified as independ...
Honda Motor Co gave a sneak preview of its self-driving prototypes on Wednesday, saying it was already on its way to offering semi-autonomous safety functions to the mass market. The Japanese automaker has been less vocal about its plans for self-driving cars than larger rivals like Toyota and Gener...
Services such as ride-hailing app Uber [UBER.UL] and home-rental site Airbnb should only be banned as a last resort, the European Union executive said on Thursday, as it seeks to foster development of the "sharing economy". In its new guidelines, the European Commission said any restrictions by EU m...
China said on Thursday the purchase of German industrial robot maker Kuka by Chinese home appliance maker Midea Group Co Ltd should not be politicized as it is simply a commercial deal. Kuka is the latest and biggest German industrial technology group to be targeted by a Chinese buyer as the world's...
