U.S. Justice Department to open Facebook antitrust investigation: source

The U.S. Justice Department will open an antitrust investigation of Facebook Inc, a source familiar with the matter said on Wednesday.

Ericsson makes $1.2 billion provision in relation to U.S. probes, will impact third quarter

Mobile telecom gear maker Ericsson said its third quarter results will be impacted by a 12 billion Swedish krona ($1.23 billion) provision it is making in relation to probes by the U.S. Securities and Exchange Commission and the Department Of Justice.

Amazon CEO says company working on facial recognition regulations

Amazon.com Inc Chief Executive Jeff Bezos said the company's public policy team is working on proposed regulations around facial recognition, a fledgling technology that has drawn criticism of the technology giant's cloud computing unit.

Microsoft challenges federal judge's order on 'sneak and peek' searches

Microsoft said on Wednesday it was challenging a federal judge's order that prevents the software maker from informing one of its large corporate customers that the U.S. government has issued a warrant for the customer's data.

Uber to launch UK driver loyalty scheme amid license battle

Uber will launch a loyalty program for its British drivers offering free education courses, roadside assistance and discounted car maintenance, the taxi app said just two days after it received only a short new operating license in London.

Brazil's Via Varejo mulls selling Extra.com domain back to GPA: chairman

Three months after becoming the largest shareholder and chairman of Brazilian electronics and appliance retailer Via Varejo SA, retail veteran Michael Klein and his family are now considering the sale of the domain Extra.com to former controller GPA SA.

Estonian startup bourse gets Singapore license for global trading

Venture-funded Estonian company Funderbeam said on Wednesday it had obtained two financial services licenses from Singapore authorities, which will enable it to offer a global secondary market for trading in private companies.

Nio raising more cash amid cost-cutting campaign

Nio Inc, one of China’s high-profile electric car startups, disclosed a fresh money-raising push this week, saying it had issued $200 million worth of bonds and was accelerating cost-cutting programs to slow cash burn as the company seeks to attract more investors in a slumping market.

Amazon brings Samuel L. Jackson's voice to Alexa and announces voice-controlled glasses

Amazon.com Inc on Wednesday said actor Samuel L. Jackson and other celebrities will voice speech for the company's virtual assistant Alexa, while the voice aid will also be built into a new wearable line of earbuds, eyeglasses and a ring.

HBO Max needs AT&T's reach to compete in streaming wars, WarnerMedia exec says

The forthcoming HBO Max streaming service needs the reach of its parent company AT&T Inc to compete in the streaming video wars, a senior WarnerMedia executive said in an interview, as the company faces pressure from an activist investor to explain its media strategy.

Nio aims to control cash burn with smaller showrooms, leaner staff

China's loss-making Tesla wannabe Nio Inc will expand its sales network with smaller showrooms, slash its workforce and spin off some business units, company executives said on Wednesday, in a move to control massive cash burn amid slowing electric vehicle sales in the world's largest auto market.

GM calls on Alexa to give vehicles more skills

General Motors Co will enable U.S. owners of 2018 and newer model vehicles to download Amazon.com's Alexa digital assistant software to control navigation, streaming media and phones starting next year, the companies said on Wednesday.

Tinder owner sued for using fake profiles in ads on Match.com

The owner of Tinder and OkCupid is being sued by U.S. regulator for seeking to draw in potential subscribers with emails from fake users expressing interest in pairing up.

Amazon turns to celebrity voices to bolster use of its virtual assistant Alexa

Amazon.com Inc on Wednesday said actor Samuel L. Jackson and other celebrities will voice speech for the company's virtual assistant Alexa, one of a range of new features designed to attract more users to the service.

Facebook to launch hand tracking feature on Oculus Quest

Facebook Inc will bring a hand tracking feature to its virtual reality headset Oculus Quest, Chief Executive Officer Mark Zuckerberg said on Wednesday.

EBay CEO steps down, cites differences with board

EBay Inc Chief Executive Officer Devin Wenig stepped down on Wednesday, citing differences with the company's recently revamped board, which is looking to sell some of its businesses amid pressure from activist investors.

Tinder owner sued for using fake profiles in ads

The owner of Tinder and OkCupid is being sued by U.S. regulator for seeking to draw in potential subscribers with emails from fake users expressing interest in pairing up.

VW board, workers support top managers despite indictment

Volkswagen's supervisory board and workers on Wednesday gave their backing to the carmaker's top managers a day after German prosecutors pressed charges related to the diesel emissions scandal.

Swiping for dollars: Argentine currency apps lure savers amid currency crunch

Juan Martín Landa swipes a finger across his smartphone, carefully checking the latest exchange rate. He is buying dollars, one of many Argentines turning to apps to trade currency after a sharp crash in the country's peso last month.

FTC sues Tinder owner Match Group for placing fake ads on their site

The U.S. Federal Trade Commission on Wednesday sued Match Group Inc, the online dating service company that owns Tinder, OKCupid and other dating sites, alleging that it used fake love interest advertisements to trick consumers into buying paid subscriptions.

EBay CEO Devin Wenig steps down, cites differences with board

EBay Inc Chief Executive Officer Devin Wenig stepped down on Wednesday, citing differences with the company's recently revamped board, which is looking to sell some of its businesses.

Discovery to launch live and on-demand cooking classes via new streaming app

While Netflix Inc, Walt Disney Co and other media companies battle for control of the living room, Discovery Inc is doubling down on the kitchen.

Ford self-driving cars to launch in Austin in 2021

Ford Motor Co said on Wednesday it will add Austin, Texas, to the short list of cities where it plans to launch a commercial transportation service using automated vehicles in 2021.

Volkswagen CEO, chairman will stay in office despite charges: supervisory board

Volkswagen's chief executive and chairman will stay in office, the company's supervisory board said in a statement on Wednesday, a day after German prosecutors pressed charges against them for their role in a diesel emissions scandal.

EBay CEO Wenig steps down, finance head takes over as interim chief

EBay Inc on Wednesday replaced Chief Executive Officer Devin Wenig with finance head Scott Schenkel on an interim basis and said it continued to explore options for its businesses, sending its shares down nearly 2%.

Google to stop showing news snippets for French users

Alphabet Inc's Google will stop showing news snippets from European publishers on search results for its French users, complying with a new European copyright law, the company said on Wednesday.

Google to change how news results appear in Search for French users

Alphabet Inc's Google will change how results for news articles appear on search results in France, the company said, complying with the new copyright law of European Copyright Directive that is being introduced in the country in late October.

Japan draws support for global hydrogen proposals, including refueling stations

Japan, which is seeking to promote the development of hydrogen energy worldwide, said on Wednesday that it had received support from 30 countries for a plan to set up 10,000 hydrogen refueling stations worldwide within 10 years.

Rheinmetall, Voith vie for Volkswagen's transmissions maker Renk: sources

German auto and defense supplier Rheinmetall and engineering group Voith are vying for transmissions maker Renk, which Volkswagen has put up for sale to free up funds for investment in electric vehicles, people close to the matter said.

U.S.-Israeli web design platform Duda raises $25 million in equity

U.S.-Israeli web design platform Duda said on Wednesday it raised $25 million in equity from Susquehanna Growth Equity, bringing its total funding to date to $50 million.