Tesla to get up to $2.7 billion from upsized offering, Musk to buy more stock

Tesla Inc on Friday was set to raise up to $2.7 billion in a record-setting capital raising for the electric carmaker, as investors scooped up a mix of new stock and convertible notes that will recharge the company's cash-depleted balance sheet.

EU's Tusk warns of risks in rise of U.S. tech giants

The world needs to be wary of the rise of tech giants such as Google, Apple, Facebook and Amazon, comparing their powers to those of countries such as China, European Council President Donald Tusk said in Warsaw on Friday.

Dish bleeds more pay-TV subscribers, Sling TV disappoints

Dish Network Corp fell short of estimates for quarterly profit on Friday, as the U.S. satellite TV service provider lost more pay-TV subscribers than expected and posted anemic growth in its streaming service Sling TV.

Wesfarmers' soft bid for Kidman spotlights lithium's financing issues

Wesfarmers Ltd's bid for Australia's Kidman Resources undervalues the lithium miner, analysts said on Friday, reflecting the financing difficulties the sector faces even as electric car makers warn of raw material shortages.

Dish quarterly profit misses on pay-TV subscriber losses

Dish Network Corp fell short of estimates for quarterly profit on Friday, as the U.S. satellite TV service provider lost higher-than-expected pay-TV subscribers.

Dish revenue falls 8 percent on pay-TV subscriber losses

U.S. satellite TV service provider Dish Network Corp on Friday reported an 8 percent drop in quarterly revenue, as it lost about 259,000 net pay-TV subscribers.

Bitcoin jumps as much as 6 percent to new six-month high

Bitcoin jumped to a new six-month high on Friday in a move that traders said was the result of technical forces, with no immediate news catalysts sending the cryptocurrency higher.

Uber faces lawsuit by Australian taxi drivers for 'illegal operations'

A law firm filed a class action against Uber Technologies Inc on behalf of thousands of taxi and chartered drivers in Australia, accusing the world's largest ride-hailing company of operating illegally and harming them financially.

South Korea automakers' group urges end to subsidies for Chinese EVs

A South Korean automakers' group called on Friday for an end to generous state subsidies for sales of Chinese electric vehicles (EVs), citing a potential threat to local automakers and Beijing's "discrimination" against EVs equipped with Korean batteries.

Huawei says will fight U.S. prosecutors' motion to disqualify its lawyer

Huawei Technologies said it will "vigorously oppose" a motion filed by U.S. prosecutors on Thursday to disqualify its lead defense lawyer from a case accusing the Chinese company of bank fraud and sanctions violations.

Australian taxi drivers sue Uber over 'illegal operations'

A law firm has filed a class action against Uber Technologies Inc on behalf of thousands of taxi and chartered drivers in Australia, accusing the world's largest ride-hailing company of operating illegally and harming them financially.

Facebook's settlement with U.S. regulators likely to include WhatsApp: WSJ

Facebook Inc's potential settlement with U.S. regulators over breaches of consumer data privacy is nearing completion, and the agreement will likely include its WhatsApp messaging service, the Wall Street Journal reported on Thursday, citing people familiar with the matter.

YouTube touts first new original program under free strategy

Alphabet Inc's YouTube unveiled on Thursday nine new original programs that will be available for free this year as the streaming service shrinks an effort to attract subscribers with content exclusively behind a paywall. The unveiling at a YouTube event for advertisers and media in New York offered...

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U.S. Justice Department asks for hearing in Qualcomm antitrust case

The U.S. Department of Justice asked a federal judge on Thursday to hold a hearing on any possible remedies to be imposed if mobile chip supplier Qualcomm Inc is found liable in an antitrust lawsuit brought by the U.S. Federal Trade Commission.

Tesla ends 'Spartan diet' and seeks $2.3 billion to fund expansion

Tesla Inc will raise up to $2.3 billion in new capital, renouncing what Elon Musk called a "Spartan diet" and easing Wall Street concerns about the money-losing company's ability to overcome a drop in sales and build new product lines.

Tesla seen finding ample appetite for its newest convertible bond

Tesla Inc should find no shortage of demand for the $1.35 billion convertible bond the electric carmaker is selling even though the terms it is offering look inferior on paper to a similar deal two years ago, bond investors said Thursday.

Uber sued by thousands of Australian taxi drivers in class action

An Australian law firm has filed a class action against Uber Technologies Inc on behalf of thousands of taxi and chartered drivers in Australia, accusing the world's largest ride-hailing company of operating illegally and causing them financial harm.

Cognizant cuts 2019 forecasts on lower financial, healthcare demand

Cognizant Technology Solutions Corp on Thursday nearly halved its 2019 revenue expectations after missing first-quarter results, as the IT services and outsourcing company faces sluggish demand in its financial and healthcare businesses.

Microsoft rolls out new cloud services for AI and blockchain

Microsoft Corp on Thursday announced new tools for software makers aimed at making technologies such as artificial intelligence and blockchain easier for businesses to use.

Activision forecast miss clouds esports push, shares drop

Activision Blizzard Inc forecast second-quarter adjusted profit below estimates on Thursday, as the videogame maker puts more money into its franchises to battle competition from blockbuster games "Fortnite" and "Apex Legends".

Cognizant cuts full-year forecast on lower financial, healthcare demand

Cognizant Technology Solutions Corp cut its full-year revenue forecast and missed its first-quarter results on Thursday, due to lower demand in its financial services and healthcare business.

Facebook's potential settlement with FTC will likely include WhatsApp: WSJ

Facebook Inc's potential settlement with federal regulators over breaches of consumer data privacy is nearing completion, and will likely cover related services like its WhatsApp messenger, the Wall Street Journal reported on Thursday, citing people familiar with the matter.

Exclusive: U.S. seeks to challenge China's electric-vehicle supply chain dominance

A U.S. senator plans to introduce legislation on Thursday to streamline regulation and permitting requirements for the development of mines for lithium, graphite and other electric-vehicle supply chain minerals, part of a plan to offset China's dominance in the space.

GoDaddy quarterly profit falls short of estimates as costs still weigh

Web hosting company GoDaddy Inc reported first-quarter profit below Wall Street expectations on Thursday, weighed down by persistent rising costs and slower customer growth, sending its shares 6 percent lower in after-hours trading.

Videogame maker Activision's second-quarter forecast misses, shares fall

Activision Blizzard Inc forecast second-quarter profit below estimates on Thursday, as the videogame maker invests in its core franchises to counter intense competition from games such as "Fortnite" and "Apex Legends".

Cognizant quarterly revenue falls short of estimates, cuts full-year forecast

Cognizant Technology Solutions Corp's first-quarter profit and revenue fell short of analyst estimates and the IT services and outsourcing company cut its full-year revenue forecast, hit by lower demand from banking and insurance customers.

U.S. prosecutors seek to disqualify Huawei defense lawyer: filing

U.S. prosecutors on Thursday filed a motion to disqualify the lead defense lawyer for Huawei Technologies Co Ltd from the case against the Chinese company for alleged bank fraud and sanctions violations, according to a filing in U.S. District Court in Brooklyn, New York.

Verizon looking to sell Tumblr: WSJ

Verizon Communications Inc is seeking a buyer for its blogging website Tumblr, the Wall Street Journal reported on Thursday, citing people familiar with the matter.

Tesla ends 'Spartan diet,' seeks up to $2.3 billion from share, debt issues

Tesla Inc will raise up to $2.3 billion in new capital, renouncing what Elon Musk called a "Spartan diet" and easing Wall Street concerns about the money-losing company's ability to overcome a drop in sales and build new product lines.

Google spends hundreds of millions of dollars on content review: letter

Alphabet Inc's Google unit told a U.S. House panel it spends hundreds of millions of dollars annually on content review and said it manually reviewed more than 1 million suspected "terrorist videos" on YouTube in the first three months of 2019.