Workers at Amazon's main Italian site to hold first strike on Black Friday

MILAN (Reuters) - Workers at Amazon’s (AMZN.O) main distribution hub in Italy are planning their first ever strike for Friday, trade unions said, threatening to disrupt one of the busiest shopping days of the year. FILE PHOTO - Amazon.com's logo is seen at Amazon Japan's office building in Tok...

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Lyft raises another $500 million in additional round of funding

(Reuters) - Uber rival Lyft Inc is raising an additional $500 million in funding, according to a U.S. share authorization document filed in Delaware news website Axios said. (bit.ly/2BhebbU) The additional funding round, led by Alphabet Inc’s CapitalG, is an extension of the $1 billion round a...

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Flat profit gives Angry Birds maker's shares the blues

HELSINKI (Reuters) - Angry Birds maker Rovio Entertainment (ROVIO.HE) fell short of market expectations for quarterly sales and profit on Thursday, sparking a near 20 percent fall in the Finnish firm’s shares. An employee works inside an office of Rovio, the company which created the video gam...

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Exclusive: China's SenseTime plans IPO, U.S. R&D center as early as 2018

HONG KONG (Reuters) - Chinese artificial intelligence (AI) start-up SenseTime Group, valued at more than $2 billion, is planning an IPO and aims to open a U.S. research and development center as early as next year, its founder told Reuters. FILE PHOTO: SenseTime surveillance software identifying det...

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Amazon starts Australian trial after months of hype

SYDNEY (Reuters) - Amazon.com Inc’s (AMZN.O) Australian arm began an order-taking trial on Thursday, giving life to the hype which has preceded its arrival in the world’s No. 12 economy and weighed on the shares of the brick-and-mortar retail sector. FILE PHOTO: A web page featuring Amaz...

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Exclusive: China's SenseTime plans IPO, aims to open R&D center in U.S.

HONG KONG (Reuters) - Chinese artificial intelligence start-up SenseTime Group is planning an initial public offering (IPO) and aims to open a research and development (R&D) center in the United States as early as next year, its founder told Reuters in an interview. The Hong Kong and Beijing-bas...

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Dining goes digital for Thailand's street food vendors

BANGKOK (Reuters) - Bangkok’s famous street-food vendors have joined the digital revolution, embracing payment via Quick Response (QR) barcodes that can be read using smartphones. An advertisement board displaying a QR code is seen as a vendor waits for customers at a market in Bangkok, Thaila...

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Uber's messy data breach collides with launch of SoftBank deal

TORONTO/SAN FRANCISCO (Reuters) - A newspaper advertisement for an Uber Technologies Inc stock sale was juxtaposed on Wednesday with a report that the ride-service provider had covered up a data hack - something of a metaphor for Uber, a company with boundless investor interest, but whose penchant f...

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YouTube steps up takedowns as concerns about kids' videos grow

(Reuters) - YouTube stepped up enforcement of its guidelines for videos aimed at children, the unit of Alphabet Inc’s (GOOGL.O) Google said on Wednesday, responding to criticism that it has failed to protect children from adult content. A 3D-printed YouTube icon is seen in front of a displayed...

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Broadcom considering sweetened Qualcomm bid: sources

(Reuters) - Chipmaker Broadcom Ltd is considering raising its offer to buy rival Qualcomm Inc by offering more of its own stock, following consultation with several of Qualcomm’s top shareholders, according to people familiar with the matter. A sign to the campus offices of chip maker Broadcom...

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Tech still hedge funds' sweetheart sector: Goldman Sachs

LONDON (Reuters) - Tech stocks remain the largest net sector exposure for equity hedge funds, which are set to deliver their strongest returns since 2013, Goldman Sachs said on Wednesday in a note on the industry’s most and least favored areas of the market. Traders work on the floor of the Ne...

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Uber breach, cover-up trigger government probes around the globe

TORONTO (Reuters) - Governments around the globe launched investigations into Uber Technologies Inc [UBER.UL] after the company disclosed it had covered up a breach that exposed data on millions of customers and drivers, the latest scandal to rock the ride-hailing firm. FILE PHOTO: A photo illustrat...

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Peter Thiel sells most of remaining Facebook stake

(Reuters) - Facebook Inc’s (FB.O) first major investor Peter Thiel has sold three-quarters of his remaining stake in the social network as part of a previously established trading plan, a regulatory filing showed. FILE PHOTO - PayPal co-founder and Facebook board member Peter Thiel delivers hi...

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Exclusive: SAP says executive resigns amid Gulf region sales probe

DUBAI/LONDON (Reuters) - SAP (SAPG.DE) is investigating sales practices in its Gulf region after executives in charge of its dealings in the region resigned or been put on administrative leave, the German business software giant said on Wednesday. SAP logo at SAP headquarters in Walldorf, Germany, J...

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Lyft wins permit to test self-driving cars in California

(Reuters) - U.S. ride-hailing firm Lyft has secured a permit to test autonomous vehicles in California, taking it one step further in the race with several other companies to bring self-driving cars to the masses. An illuminated sign appears in a Lyft ride-hailing car in Los Angeles, California, U.S...

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PayPal purchase protection doesn't shield from lawsuits: German court

KARLSRUHE, Germany (Reuters) - Germany’s highest court ruled on Wednesday that PayPal’s purchase protection scheme does not shield customers from being sued for the price of items they bought online even if PayPal had granted them a refund. The PayPal app logo seen on a mobile phone in t...

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HPE CEO Whitman's surprise exit stumps Wall Street

(Reuters) - Shares of Hewlett Packard Enterprise Co (HPE.N) fell 6 percent on Wednesday after Chief Executive Officer Meg Whitman’s decision to step down from the role took Wall Street by surprise. FILE PHOTO: Meg Whitman, President and Chief Executive Officer, Hewlett Packard Enterprise, atte...

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Whitman's surprise exit stumps Wall Street, shares fall

(Reuters) - Shares of Hewlett Packard Enterprise Co (HPE.N) were down 6 percent in pre-market trading on Wednesday after Chief Executive Officer Meg Whitman’s decision to step down from the role took investors by surprise. FILE PHOTO: Meg Whitman, President and Chief Executive Officer, Hewlett...

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Apple says illegal student labor discovered at iPhone X plant

BEIJING (Reuters) - Smartphone maker Apple Inc (AAPL.O) and its biggest manufacturing partner on Wednesday said that a small number of students were discovered working overtime in its Chinese factory, violating local labor laws. FILE PHOTO: An iPhone X is seen on a large video screen in the new Appl...

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Regulators to press Uber after it admits covering up data breach

TORONTO/SAN FRANCISCO (Reuters) - Struggling ride-hailing firm Uber [UBER.UL] faces a fresh regulatory crackdown after disclosing it paid hackers $100,000 to keep secret a massive breach last year that exposed personal data from around 57 million accounts. Discovery of the U.S. company’s cover...

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Digital currencies will not replace physical money soon: Bank of Japan official

TOKYO (Reuters) - Financial technology is fast revolutionizing the banking industry but digital currencies will not replace physical money any time soon, a senior Bank of Japan (BOJ) official said on Wednesday. Bitcoin (virtual currency) coins placed on Dollar banknotes are seen in this illustration...

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TiVo wins set-top box patent case against Comcast

(Reuters) - The U.S. International Trade Commission has ruled in favor of Rovi Corp, which is now known as TiVo Corp, and prohibited Comcast Corp from importing and selling certain types of Rovi’s Xfinity X1 set-top boxes. The final ruling in favor of Rovi that makes set-top boxes said the imp...

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Samsung Electronics to set up AI research center

SEOUL (Reuters) - Samsung Electronics Co Ltd said on Wednesday it would create an artificial intelligence (AI) research center and strengthen an executive role to look for new business areas for all its three major business groups. FILE PHOTO: The logo of Samsung Electronics is seen at its office bu...

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Amazon tells Australian retailers to prepare for orders from Thursday: sources

SYDNEY (Reuters) - Amazon.com Inc has told its Australian sellers to be ready to take orders on Nov. 23, according to a retailer, the first time the global retail juggernaut has given a start date for doing business in the world No. 12 economy. FILE PHOTO: A web page featuring Amazon's Australian UR...

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Uber paid hackers to cover up massive data breach

(Reuters) - Uber Technologies Inc [UBER.UL] paid hackers $100,000 to keep secret a massive breach last year that exposed the personal information of about 57 million accounts of the ride-service provider, the company said on Tuesday. Discovery of the U.S. company’s cover-up of the incident res...

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Uber paid hackers $100,000, concealed data stolen from 57 million accounts

(Reuters) - Uber Technologies Inc paid hackers $100,000 to keep secret a massive breach last year that exposed the data of some 57 million accounts of the ride-service provider, the company said on Tuesday. Discovery of the company’s cover-up of the incident resulted in the firing of two emplo...

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Apple scientists disclose self-driving car research

(Reuters) - Research by Apple Inc (AAPL.O) computer scientists on how self-driving cars can better spot cyclists and pedestrians while using fewer sensors has been posted online, in what appears to be the company’s first publicly disclosed paper on autonomous vehicles. FILE PHOTO: The Apple lo...

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Meg Whitman stepping down as HP Enterprise CEO

(Reuters) - Meg Whitman on Tuesday announced that she will step down as chief executive of Hewlett Packard Enterprise Co (HPE.N), ending a 6-year tenure that included overseeing one of the biggest corporate breakups in history. Hewlett Packard Enterprise CEO Meg Whitman is seen following an intervie...

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U.S. government warns businesses about cyber bug in Intel chips

(Reuters) - The U.S. government on Tuesday urged businesses to act on an Intel Corp (INTC.O) alert about security flaws in widely used computer chips as industry researchers scrambled to understand the impact of the newly disclosed vulnerability. The Intel logo is displayed on computer screens at SI...

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U.S. FCC chief plans to ditch U.S. 'net neutrality' rules

WASHINGTON (Reuters) - The head of the U.S. Federal Communications Commission unveiled plans on Tuesday to repeal landmark 2015 rules that prohibited internet service providers from impeding consumer access to web content in a move that promises to recast the digital landscape. FCC chief Ajit Pai, a...

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