FRANKFURT (Reuters) - Porsche and Audi, Volkswagen’s (VOWG_p.DE) main luxury car divisions, plan to develop a joint platform for electric vehicles that will enable them significantly cut down on costs, German newspapers quoted their chief executives as saying. “By 2025, we’re facin...

PYEONGCHANG (Reuters) - Alibaba Group Holding Ltd (BABA.N) is launching a project that will create a “smarter” and more connected athletes’ village and stadia and make all Olympics stakeholders “more money”, its executives said on Saturday. Many of Alibaba’s plans...

(Reuters) - U.S. business software company BMC Software Inc [BSII.UL] is holding conversations with investment banks about an initial public offering (IPO) that could value it at more than $10 billion, including debt, people familiar with the matter said on Friday. The move comes as the private equi...

(Reuters) - Amazon.com Inc (AMZN.O) is testing a program to ship its sellers’ goods, sending shares in FedEx and UPS tumbling even though analysts and the companies played down any near-term threat to the two global delivery businesses. Amazon is running “Shipping with Amazon” in L...

(Reuters) - Amazon.com Inc (AMZN.O) has hired Jennifer Salke, president of NBC Entertainment, to run its video studio, the online retailer’s interim studio chief Albert Cheng said in a Twitter post on Friday. The move ended months of limbo for Amazon’s entertainment division. Amazon Stud...

SAN FRANCISCO (Reuters) - Uber Technologies Inc [UBER.UL] will pay $245 million worth of its own shares to Alphabet Inc’s (GOOGL.O) Waymo self-driving vehicle unit to settle a legal dispute over trade secrets, allowing Uber’s new chief executive to move past one of the company’s mo...

SAO PAULO (Reuters) - Amazon.com Inc (AMZN.O) is looking to lease a 50,000-square-meter warehouse just outside Sao Paulo, people familiar with the matter told Reuters, as it steps up its push into Latin America’s biggest retail market, Brazil. The logistics investment, which would be four time...

SAN FRANCISCO (Reuters) - Alphabet Inc’s (GOOGL.O) Waymo self-driving vehicle unit and ride-hailing firm Uber Technologies Inc settled a bitter legal dispute, allowing Uber’s new chief executive to move past one of the company’s many public controversies. The settlement announcemen...

(Reuters) - United Parcel Service Inc and FedEx Corp shares fell 2 percent on Friday, after a report said Amazon.com Inc is preparing to launch a delivery service for businesses, which would directly compete with the U.S. package delivery companies. The e-commerce company expects to roll out a new d...

WASHINGTON (Reuters) - Auto manufacturers, technology companies, road safety advocates and policy makers will attend a March 1 conference over potential government actions that could speed the rollout of autonomous cars, the U.S. Transportation Department said on Friday. Last month, Transportation S...

(Reuters) - Alphabet Inc’s (GOOGL.O) Waymo self-driving vehicle unit and ride-hailing firm Uber Technologies Inc have settled their legal dispute over trade secrets, the two companies said on Friday. A trial to decide the case, which started earlier this week, has been dismissed by the judge. ...

LONDON (Reuters) - England’s multi-billion pound Premier League rights auction kicked off on Friday with soccer fans waiting to see if a digital giant such as Amazon would enter the fray against pay-TV players Sky and BT. Officials running one of the most lucrative rights auctions in the world...

NEW YORK (Reuters) - Bitcoin and other digital currencies have, so far, not been formidable competition for cash, checks or credit cards as a payment method in the United States and other major economies, according to two economists at New York Federal Reserve. Virtual currencies usually thrive as a...

LONDON (Reuters) - Gibraltar will introduce the world’s first regulations for initial coin offerings with dedicated rules for the cryptocurrency sector whose fast growth has triggered concern among central bankers. They are worried about financial stability and protecting consumers but regulat...

(Reuters) - Alphabet Inc’s Google will begin using content from Getty Images within its products and services as part of a multi-year licensing partnership, the photo agency said on Friday. Getty did not provide any more details. Reuters News, owned by Thomson Reuters Corp, competes with Getty...

LONDON (Reuters) - Facebook (FB.O) launched a community leadership program on Friday that will award $10 million in total to more than 100 people who have successfully built groups on the social network as part of its push to create “meaningful” interactions. The initiative, announced at...

LONDON (Reuters) - Barclays (BARC.L) is likely to follow other major lenders in the United States in stopping customers from buying Bitcoin and other cryptocurrencies with its credit cards, according to an interview with a senior executive at its credit card unit. “We are making the decision t...

TOKYO (Reuters) - Japanese regulators will allow cryptocurrency exchange Coincheck Inc to resume yen withdrawals from Tuesday, a person with direct knowledge of the matter said. Coincheck, reeling from the theft of $530 million worth of NEM digital money by hackers last month, has received yen-withd...

SHANGHAI/TOKYO (Reuters) - China’s Didi Chuxing and SoftBank Group Corp will roll out a venture in Japan later this year to provide ride-hailing services, amid a global battle to control the technology increasingly central to urban transport. The move into Japan underscores a recent push by Di...

HONG KONG (Reuters) - China’s Ant Financial Services Group is planning to raise up to $5 billion in fresh equity that could value the online payments giant at more than $100 billion, people familiar with the move told Reuters. A fundraising would bring Ant, in which e-commerce firm Alibaba Gro...

TOKYO (Reuters) - SoftBank Group Corp, Yahoo Japan Corp> and Aeon Co Ltd plan to launch an online retail business, NHK reported on Friday. Slideshow (2 Images) The online business will sell products including food, clothes and everyday goods, NHK said citing unnamed sources, in what would be the ...

SHANGHAI (Reuters) - Chinese ride hailing giant Didi Chuxing will set up a venture with SoftBank Group Corp to provide ride-hailing and other services for the Japanese taxi industry, the companies said in a statement on Friday. The move into Japan underscores a recent push by Didi to beef up its pre...

SAN FRANCISCO (Reuters) - U.S. business software developer Salesforce.com Inc (CRM.N) will pump $2 billion into its Canadian business over the next five years, it said on Thursday, the latest major U.S. technology investment across the border since early 2017. Toronto is a hub for artificial intelli...

(Reuters) - Nvidia Corp’s (NVDA.O) upbeat current-quarter revenue forecast on Thursday underscored surging demand for its graphics chips used in data centers, gaming devices and cryptocurrency mining, sending its shares up as much as 12 percent in extended trading. The company, which also repo...

(Reuters) - U.S. semiconductor company Qualcomm Inc (QCOM.O) on Thursday rejected Broadcom Ltd’s (AVGO.O) revised $121 billion buyout offer, but proposed meeting its peer to see whether they can address what it called the bid’s “serious deficiencies in value and certainty.” Q...

(Reuters) - Nvidia Corp (NVDA.O) reported a better-than-expected 34 percent jump in quarterly revenue on Thursday, underpinned by strong demand for its graphics chips used in data centers, gaming devices and in cryptocurrency mining. The company’s shares rose 11 percent to a high of $241 in ex...

(Reuters) - Chipmaker Qualcomm Inc (QCOM.O) said on Thursday its board had unanimously rejected Broadcom Ltd’s (AVGO.O) revised $121 billion buyout offer. The board has determined that Broadcom’s proposal “materially undervalues” Qualcomm and falls short of the firm regulator...

(Reuters) - Activision Blizzard Inc (ATVI.O) beat analysts’ expectations for revenue in the final quarter of 2017, helped by robust Christmas buying of its blockbuster “Call of Duty” videogame and higher digital sales. “Call of Duty: WWII”, which was released in Novembe...

(Reuters) - Cyber security firm FireEye Inc (FEYE.O) on Thursday reported its first-ever quarterly adjusted profit since going public in 2013, helped by cost cutting and shift to a subscription-based model. On an adjusted basis, the company reported a profit of 1 cent per share for the fourth quarte...

(Reuters) - Twitter Inc on Thursday delivered its first quarterly profit and an unexpected return to revenue growth helped by expansion outside the United States, pushing shares in the social network to more than two-year highs. Overall revenue rose 2 percent in the fourth quarter from a year earlie...