Uber hails loan investors directly

NEW YORK (IFR) - Uber is bringing its disruptive force to the leveraged loan market, approaching institutional investors directly on a new debt sale.

Waymo's self-driving trucks to haul cargo for Google in Atlanta

(Reuters) - Waymo, the autonomous vehicle arm of Alphabet Inc (GOOGL.O), said on Friday it would launch a self-driving trucks pilot in Atlanta to carry cargo for Google’s data centers. FILE PHOTO: The Waymo logo is displayed during the North American International Auto Show in Detroit, Michiga...

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Broadcom promises on security, Qualcomm revamps board

(Reuters) - Broadcom Ltd (AVGO.O) has promised not to sell critical national security assets to foreign buyers if its deal to buy chipmaker Qualcomm Inc (QCOM.O) is approved, another effort by the Singapore-based firm to appease U.S. security concerns. FILE PHOTO: A sign to the campus offices of chi...

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Bitcoin falls to lowest level in three-and-a-half weeks

NEW YORK (Reuters) - Bitcoin dropped below $9,000 on Friday to its lowest level in 3-1/2 weeks on concerns about regulatory clamp down around the world following cases of large thefts of digital currencies. FILE PHOTO: Representation of the Bitcoin virtual currency standing on the PC motherboard is ...

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Broadcom says will not sell national security assets to foreign firms

(Reuters) - Broadcom Ltd said in a letter to U.S. Congress on Friday that it will not sell any critical national security assets to any foreign companies if its $117 billion deal to buy chipmaker Qualcomm Inc is approved. FILE PHOTO: A sign to the campus offices of chip maker Broadcom Ltd is shown i...

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Wall Street has never been so far behind on Netflix

(Reuters) - Netflix Inc’s (NFLX.O) 65 percent jump so far in 2018 has been so fast that Wall Street analysts earlier this week were as much as $60 behind the curve on a stock most say is a buy. The Netflix logo is pictured on a television in this illustration photograph taken in Encinitas, Cal...

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PBOC governor says Bitcoin not a legitimate method of payment

BEIJING (Reuters) - China does not recognize Bitcoin and other digital currencies as legitimate forms of payment, the central bank governor, Zhou Xiaochuan, said on Friday. Zhou Xiaochuan, Governor of the People's Bank of China, attends a news conference on the sidelines of China's National People's...

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Platinum's fuel-cell car bonanza proves elusive

LONDON (Reuters) - The platinum industry has been waiting for fuel-cell cars to lift demand for years. Now, just as the technology finally looks to be gaining traction, carmakers are finding ways to slash the amount of the expensive metal used. Cars using fuel cells, which generate electricity throu...

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Toshiba expects to complete chip unit sale by June at latest: executive

YOKKAICHI, Japan (Reuters) - Toshiba Corp (6502.T) expects the sale of its $18 billion memory chip business to be completed by June at the latest, if not by an agreed deadline of the end of March, as it awaits antitrust regulatory approval from China. FILE PHOTO: A logo of Toshiba Corp is seen on a ...

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Toyota affiliate Denso buying stake worth $800 million in chipmaker Renesas

TOKYO (Reuters) - Japanese auto parts supplier Denso Corp (6902.T) is buying an additional 4.5 percent stake in chipmaker Renesas Electronics (6723.T) in a deal worth $800 million based on market prices, as car makers accelerate the adoption of self-driving and other technologies. FILE PHOTO: Renesa...

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Japan auto parts giant Denso raises stake in chip maker Renesas

TOKYO (Reuters) - Japanese auto parts supplier Denso Corp (6902.T) said on Friday it has agreed to acquire an additional 4.5 percent stake in chip maker Renesas Electronics Corp (6723.T), as carmakers accelerate development of self-driving vehicles and other technologies. Renesas Electronics Corp's ...

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Twitter appoints Parag Agrawal as Chief Technology Officer

(Reuters) - Twitter Inc appointed Parag Agrawal as Chief Technology Officer on Thursday, according to an update on the social media company’s website. FILE PHOTO: The Twitter application is seen on a phone screen August 3, 2017. REUTERS/Thomas White/File Photo Parag Agrawal, who joined microbl...

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Andreessen, others, invest in U.S. digital currency fund

NEW YORK (Reuters) - U.S.-based Multicoin Capital, an asset management firm with a long-term positive view on digital currencies, has raised capital from a slew of big individual and institutional investors led by influential venture capitalist Marc Andreessen, its co-founder and managing partner to...

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U.S. appeals court in San Francisco will hear net neutrality appeal

WASHINGTON (Reuters) - A federal judicial panel said on Thursday that challenges to the Federal Communications Commission’s repeal of the Obama era open internet rules will be heard by an appeals court based in San Francisco. FILE PHOTO - Supporter of Net Neutrality Lance Brown Eyes protests t...

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Trump meets 'Doom' maker and other video game execs

WASHINGTON (Reuters) - U.S. President Donald Trump met on Thursday with the makers of popular video games "Grand Theft Auto" and "Doom" to discuss what the president believes is a link between video games and violent acts like last month's school shooting in Florida.

False news 70 percent more likely to spread on Twitter: study

WASHINGTON (Reuters) - False news stories spread much more quickly and widely on Twitter than truthful ones, an imbalance driven more by people than automated “bot” accounts, researchers said on Thursday. FILE PHOTO: People holding mobile phones are silhouetted against a backdrop project...

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Snapchat owner to cut more than 120 engineers

SAN FRANCISCO (Reuters) - Snapchat owner Snap Inc will cut just over 120 engineers and reorganize its engineering team, according to a company memo seen by Reuters on Thursday.

Hold the iPhone! Amazon primed to be larger than Apple

SAN FRANCISCO (Reuters) - Apple Inc, the world’s most valuable publicly listed company, is in danger of being beaten by Amazon.com Inc to the $1 trillion mark. FILE PHOTO: The Amazon logo is seen at the Young Entrepreneurs fair in Paris, France, February 7, 2018. REUTERS/Charles Platiau Wall S...

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U.S. not coordinating against Russian cyber threat: top general

WASHINGTON (Reuters) - The top U.S. general in Europe said on Thursday that the U.S. government did not have an effective unified approach to deal with Russia’s cyber threat. FILE PHOTO - Commander of the U.S. European Command Curtis M. Scaparrotti speaks during his presentation for Finnish Na...

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Uber drivers in Czech Republic will need to be licensed: PM

PRAGUE (Reuters) - Drivers for Uber in the Czech Republic will need to get business certificates and be licensed, the country’s prime minister said on Thursday after meeting with company officials. The Uber logo is seen on a screen in Singapore August 4, 2017. REUTERS/Thomas White Taxi drivers...

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SoftBank mulls $5 billion loan on ARM for shareholder payday

LONDON (LPC) - Japan’s SoftBank Group Corp (9984.T) is considering raising around US$5bn of loans though its UK-based tech firm ARM Holdings, banking sources said. FILE PHOTO: The logo of SoftBank Group Corp is seen at the company's headquarters in Tokyo, June 30, 2016. REUTERS/Toru Hanai/File...

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Foxconn gets China go-ahead for Shanghai IPO of subsidiary

SHANGHAI (Reuters) - China has approved the Shanghai listing of an internet and industrial-focused subsidiary of Taiwan’s Foxconn, which the world’s largest contract electronics manufacturer hopes will help fund new projects. FILE PHOTO: Logos of Foxconn and Ennoconn are seen during the ...

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Trump to meet with video-game industry in wake of Florida shooting

WASHINGTON (Reuters) - After criticizing video games in the wake of a school shooting in Florida last month, U.S. President Donald Trump will meet with industry executives on Thursday to discuss what the president believes is a link between the games and violent acts. U.S. President Donald Trump mee...

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Southeast Asia's Grab in talks to buy into Uber's regional business: source

SINGAPORE (Reuters) - Southeast Asia’s biggest ride-hailing firm, Grab, is in advanced negotiations to buy parts of Uber Technologies Inc’s business in the region, said a source with knowledge of the talks, in what would be Uber’s second retreat from an Asian market. FILE PHOTO: Ne...

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Germany's SAP admits misconduct in South Africa Gupta deals

JOHANNESBURG (Reuters) - German software maker SAP found compliance breaches and “indications of misconduct” in $50 million of public sector deals in South Africa involving the Guptas, friends of former president Jacob Zuma accused of corruption, it said on Thursday. SAP logo at SAP head...

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EU aims to boost fintech with crowdfunding 'passports'

LONDON (Reuters) - The European Union’s executive has proposed a draft law to offer crowdfunding platforms bloc-wide access to customers as part of efforts to boost growth in the financial technology sector. European Commission Vice-President for the Euro and Social Dialogue Valdis Dombrovskis...

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Grab in advanced talks to buy into Uber's Southeast Asia business: source

SINGAPORE (Reuters) - Southeast Asia’s biggest ride-hailing firm, Grab, is in advanced negotiations to buy parts of Uber Technologies Inc’s business in the region, said a source with knowledge of the talks, in what would be Uber’s second retreat from an Asian market. FILE PHOTO: Ne...

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Daimler buys 3.93 percent stake in BAIC electric car subsidiary

FRANKFURT (Reuters) - Daimler (DAIGn.DE) said on Thursday it would deepen its cooperation with China’s BAIC Group (1958.HK) in the area of new energy vehicles, even as rival Geely seeks to gain access to the German carmakers’ electric vehicle technologies. FILE PHOTO: A sign showing the ...

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Grab in advanced talks to buy some of Uber's Southeast Asia businesses: source

SINGAPORE (Reuters) - Southeast Asia’s biggest ride-hailing firm, Grab, is in advanced negotiations to buy parts of Uber Technologies Inc’s business in the region and offer a stake in itself, said a source with knowledge of the talks, in a move that would mark Uber’s pullback from ...

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Vivendi CEO not worried about Elliott's move on Telecom Italia: paper

MILAN (Reuters) - Activist fund Elliott’s acquisition of a stake in Telecom Italia (TIM) is not a cause of concern for the phone group and its main shareholder Vivendi, the TIM Chairman and Vivendi CEO said on Thursday in a newspaper interview. FILE PHOTO - Vivendi's Chief Executive Officer Ar...

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