With Easy Ride trial, Nissan takes new step toward being Uber competitor

YOKOHAMA (Reuters) - Facing a future in which self-driving cars may curb vehicle ownership, Nissan Motor Co is taking its first steps to becoming an operator of autonomous transportation services, hoping to break into a segment set to be dominated by Uber Technologies and other technology firms. In ...

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Airbnb CEO pledges to take more responsibility for impact to housing

SAN FRANCISCO (Reuters) - Home-booking company Airbnb has sparred with regulators across the globe, but Chief Executive Brian Chesky on Thursday spoke of coming to terms with his responsibility for how the company can impact housing markets and neighborhoods. “Every year I think you have a sen...

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GoDaddy revenue tops estimates as customer base expands

(Reuters) - GoDaddy Inc’s quarterly revenue topped Wall Street estimates on Thursday, as the web-hosting company earned more from each user and expanded customer base with its acquisition of Host Europe Group. Shares of GoDaddy, which also forecast current-quarter revenue above estimates, rose...

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HP Inc results beat estimates, raises 2018 profit forecast

HP Inc (HPQ.N) reported first-quarter revenue and profit on Thursday above Wall Street estimates as it sold more personal computers and printers, helping the company raise its full-year profit forecast. Shares of the company, which houses the hardware business of former Hewlett-Packard Co, rose 5.3 ...

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GoDaddy beats revenue estimates, shares rise

(Reuters) - GoDaddy Inc reported better-than-expected revenue on Thursday, as the web-hosting company earned more from each user and expanded its customer base with its acquisition of Host Europe Group. GoDaddy’s shares rose 3.7 percent to $57.50 in extended trading. The company’s averag...

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HP Inc quarterly results beat estimates on higher PC sales

HP Inc (HPQ.N), which houses the hardware business of former Hewlett-Packard Co, reported a better-than-expected revenue and profit in the first quarter as the company sold more personal computers and printers. Shares of the company rose 8 percent to $23.11 after the bell on Thursday. HP Inc’s...

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States refile lawsuits to block repeal of U.S. net neutrality

WASHINGTON (Reuters) - A coalition of 22 state attorneys general and the District of Columbia on Thursday refiled legal challenges intended to block the Trump administration’s repeal of landmark rules designed to ensure a free and open internet from taking effect. The Federal Communications Co...

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Intel did not tell U.S. cyber officials about chip flaws until made public

(Reuters) - Intel Corp did not inform U.S. cyber security officials of the so-called Meltdown and Spectre chip security flaws until they leaked to the public, six months after Alphabet Inc notified the chipmaker of the problems, according to letters sent by tech companies to lawmakers on Thursday. C...

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Palantir ordered to open books to investor seeking U.S. fraud probe

WILMINGTON, Del. (Reuters) - Data analytics and security company Palantir Technologies Inc must open its books to early investor Marc Abramowitz, who wants to investigate possible fraud and mismanagement at one of the most highly valued private U.S. companies, a judge ruled on Thursday. Abramowitz s...

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Groups refile lawsuits to block net neutrality reversal

WASHINGTON (Reuters) - Web browser developer Mozilla Corp and video-sharing website Vimeo Inc (IAC.O) said on Thursday they had refiled legal challenges intended to block the Trump administration’s repeal of landmark net neutrality rules from taking effect. A coalition of more than 20 state at...

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Stymied by regulators, Airbnb looks to luxury vacations, hotels for growth

SAN FRANCISCO (Reuters) - Airbnb is rolling out new services aimed at attracting travelers looking for luxury accommodations and traditional hotels, the latest move to contend with sputtering growth in its original home-renting business. The company on Thursday will unveil a new product that bundles...

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Wait, I know you: home security startup taps face-recognition tech

(Reuters) - A team of engineers that worked on self-driving cars and helped invent Google Street View wants to help people guard their homes against intruders using the same style of facial recognition that unlocks smart phones. Lighthouse AI, their startup, on Thursday released a home security came...

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Snap CEO Spiegel receives $638 million in compensation for IPO year

(Reuters) - Snap Inc Chief Executive Officer Evan Spiegel received $637.8 million as total compensation during 2017, the year the company went public, according to a security filing on Thursday. The figure is based on stock-based awards worth $636.6 million and salary and other compensation worth ab...

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Irish taxman sees disputed Apple bill remaining around $16 billion

DUBLIN (Reuters) - Ireland expects the final disputed tax bill that the European Commission ordered it to collect from Apple (AAPL.O) to be “in the ballpark” of the 13 billion euros ($16 billion) estimated, the head of the country’s tax collectors said on Thursday. “It’...

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Mexico's Televisa to partner with Amazon on content for video

MEXICO CITY (Reuters) - Mexican broadcaster Televisa announced on Thursday it would partner with Amazon to distribute original content on the e-commerce giant’s video streaming platform. The Spanish-language content provider announced the launch of Televisa Alternative Originals (TAO), a divis...

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European regulator proposes hack protection, geo-awareness for drones

FRANKFURT (Reuters) - Europe’s aviation safety authority has proposed anti-hacking measures and geo-awareness technology for small drones to avoid collisions with aircraft or people, taking an important step toward Europe-wide regulation. The reworked proposal published by the European Aviatio...

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Olympics: Holograms may help more fans catch the action at Tokyo Games

TOKYO (Reuters) - Japanese telecommunications company NTT is hoping to bring an added dimension to the 2020 Tokyo Olympics by projecting live sporting events with its 3D hologram technology. NTT has been working on a new system it calls “Kirari! For Arena”, which, unlike its current tech...

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Investors take flight after Angry Birds maker warns on profit

HELSINKI (Reuters) - Angry Birds game maker Rovio Entertainment warned on profits on Thursday, wiping more than 40 percent off the Finnish company’s shares and leaving investors nursing big losses following a flotation last September. Rovio blamed increased marketing costs and other investment...

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Israeli chipmaker TowerJazz profit up, first quarter guidance misses forecast

TEL AVIV (Reuters) - Israeli chip maker TowerJazz reported higher-than-expected fourth quarter net profit on Thursday but its guidance for revenues in the first quarter was lower than forecasts, sending its shares down. TowerJazz, which specializes in analogue chips used in cars, medical sensors and...

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Moneysupermarket.com slumps after strategy shift stalls growth

LONDON (Reuters) - Price comparison website Moneysupermarket.com said its earnings would not grow this year as it tries to reinvent itself to focus on more personalization, mobile and new products like mortgages, sending its shares down 25 percent. The British group, which offers deals on products l...

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Uber will aggressively invest in Southeast Asia, won't let SoftBank rule it: CEO

NEW DELHI (Reuters) - Uber Technologies Inc’s [UBER.UL] chief executive pledged to continue investing aggressively in Southeast Asia even though the U.S. ride hailing firm expects to lose money in the fast growing market due to costly battles with rivals such as Grab. SoftBank’s 15 perce...

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Uber will aggressively invest in SE Asia, preserve strategy post SoftBank deal

NEW DELHI (Reuters) - Uber Technologies Inc’s chief executive pledged to continue investing aggressively in Southeast Asia even though the U.S. ride hailing firm expects to lose money in the fast growing market due to costly battles with rivals such as Grab. SoftBank’s 15 percent stake p...

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Uber CEO says no change in India business after SoftBank deal

NEW DELHI (Reuters) - Uber Technologies Inc does not expect any change in its India operations following an investment deal with Japan’s SoftBank Group, which also has a stake in the U.S. firm’s India rival Ola, Uber’s chief executive said on Thursday.. India is one of Uber’s...

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South Korean chat app becomes new outlet for #MeToo movement

SEOUL (Reuters) - A chat app where South Koreans can anonymously dish the dirt on their misbehaving bosses and colleagues is belatedly stirring the country’s #MeToo movement, shedding new light on sexual harassment in the heavily male-dominated corporate culture. Prompted by a recent wave of c...

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Twitter bars tactics used by 'bots' to spread false stories

SAN FRANCISCO (Reuters) - Twitter Inc said on Wednesday it would no longer allow people to post identical messages from multiple accounts, cracking down on a tactic that Russian agents and others have allegedly used to make tweets or topics go viral. The San Francisco-based social network also said ...

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SEC accuses former bitcoin stock exchange BitFunder of cheating users

(Reuters) - The Securities and Exchange Commission (SEC) on Wednesday accused former bitcoin-denominated platform BitFunder and its operator of running an unregistered securities exchange and defrauding its users. BitFunder and its founder Jon Montroll allegedly defrauded exchange users by misapprop...

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Netflix, Amazon win new favor after Wall Street sell-off

SAN FRANCISCO (Reuters) - Netflix Inc, Amazon.com Inc and technology companies poised to benefit from U.S. corporate tax cuts are attracting fresh attention on Wall Street after their shares shrugged off recent market turbulence. Amazon on Wednesday rose over 2 percent and touched $1,500 for the fir...

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U.S. SEC updates guidance on cyber attack disclosure for companies

WASHINGTON (Reuters) - The U.S. Securities and Exchange Commission on Wednesday updated guidance to public companies on how and when they should disclose cyber security risks and breaches, including disclosing potential weaknesses that have not yet been targeted by hackers. The guidance also said co...

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U.S. SEC publishes updated guidance on cyber breach disclosure

WASHINGTON (Reuters) - The U.S. Securities and Exchange Commission published on Wednesday updated guidance on how public companies should disclose cyber security risks and breaches. The SEC unanimously approved the additional guidance Tuesday, saying it would promote “clearer and more robust d...

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Broadcom cuts Qualcomm offer to $117 billion after new NXP deal

(Reuters) - Microchipmaker Broadcom Ltd (AVGO.O) cut its bid for Qualcomm Inc (QCOM.O) on Wednesday by 4 percent to $117 billion as it objected to Qualcomm’s decision to raise its own bid for NXP Semiconductors. The move appeared to lower the chances of a negotiated deal between Broadcom and Q...

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