Prudential to buy Assurance IQ for $2.35 billion to widen customer base

U.S. insurer Prudential Financial Inc has agreed to acquire online insurance startup Assurance IQ Inc for $2.35 billion, as it looks to tap into a wider base of consumers who purchase policies online.

Apple places $7 billion in return to bond market

Apple Inc said on Thursday it had sold $7 billion of bonds at yields ranging up to 103 basis points over the equivalent U.S. Treasury on maturities of up to 30 years, its first such debt issues since November 2017.

Prudential to buy online startup Assurance IQ for $2.35 billion: WSJ

Prudential Financial Inc has agreed to acquire online startup Assurance IQ Inc for $2.35 billion, the Wall Street Journal reported on Thursday, citing executives of the U.S. insurer.

China's Weibo takes down Instagram-like app after logo plagiarism spat

Chinese microblogging website Weibo Corp has taken down an Instagram-like app just three days after its launch and apologised following accusations of plagiarism about the app's logo, a stumble in efforts to find new sources of growth.

Sinochem unit discussing blockchain platform with Shell, Macquarie: sources

Sinochem Energy Technology Co Ltd, a subsidiary of state oil and chemicals firm Sinochem Group, is in talks with Royal Dutch Shell and Macquarie Group to build an energy blockchain platform, three Beijing-based industry sources said.

Orange stops broadcasting Altice's TV channels via its boxes

Orange, France's biggest telecoms operator, stopped broadcasting free of charge TV channels controlled by rival Altice Europe in France on Thursday morning as a dispute on fees intensified, a spokesman said.

Yahoo experiences outage across its services, several users impacted

Yahoo said it suffered an outage on Thursday across its services, including Yahoo Mail.

China's Weibo takes down Instagram-like app after logo plagiarism controversy

Chinese microblogging website Weibo Corp has taken down an Instagram-like app just three days after its launch and apologized following accusations of plagiarism about the app's logo, in a stumble for efforts to find new sources of growth.

Deutsche Telekom 5G network goes live in 5 German cities

Deutsche Telekom said on Thursday its 5G mobile network had gone live in five German cities, timing the launch for maximum impact on the opening day of the IFA consumer electronics fair in Berlin.

Tesla's use of individual driver data for insurance 'state-by-state proposition'

Tesla Inc's use of individual customer data, such as vehicle camera footage and GPS, to price its new insurance products will depend on drivers' authorization and individual U.S. state laws, a senior company executive said on Wednesday.

Samsung to launch Galaxy Fold in South Korea on September 6 priced $2,000

Samsung Electronics Co Ltd on Thursday said its first foldable smartphone, the Galaxy Fold, will be available in South Korea from Sept. 6 with fifth-generation (5G) mobile connectivity.

Facebook, tech firms meet with U.S. intelligence on 2020 election security

U.S. technology companies including Facebook Inc , Alphabet's Google , Microsoft Corp and Twitter Inc met with U.S. intelligence agencies on Wednesday to discuss security strategies ahead of the November 2020 election.

Facebook, tech companies meet with U.S intelligence on 2020 election strategy

A number of technology companies including Facebook Inc , Alphabet's Google , Microsoft Corp and Twitter Inc met with representatives of the U.S. government on Wednesday to discuss security strategies related to the 2020 U.S. election, Facebook said in a statement.

Palo Alto says on track to grow sales at double digit pace over next three years

Cybersecurity firm Palo Alto Networks said it expects to grow sales at a double-digit pace over the next three years and forecast robust free cash flow, sending its shares up 8% in volatile after-hours trading on Wednesday.

Slack forecasts bigger third-quarter loss, slowing revenue growth; shares tumble

Slack Technologies Inc forecast slowing revenue growth in the second half and a bigger-than-expected third-quarter loss in its first report as a public company on Wednesday, as it faces intense competition from Microsoft Corp and others.

Brazil court rules Uber drivers are freelancers, not employees

A Brazilian high court has ruled that Uber drivers are not employees of the mobile ride-hailing company, a decision that bolsters its business model in its second-largest market.

Automakers to install rear seat reminders to stop hot car deaths in U.S.

Major automakers said on Wednesday they have agreed to equip nearly all U.S. vehicles with systems to remind motorists of passengers in the back seat, by model year 2025, in an effort to avoid deaths of young children left behind in hot cars.

Effort to disqualify lawyer part of U.S. campaign against Huawei: counsel

The effort to stop a former U.S. Justice Department official from representing Huawei is another step in a broader U.S. government campaign against the Chinese company, a lawyer for Huawei argued on Wednesday.

U.S. safety agency cites Tesla Autopilot design as factor in 2018 California crash

The National Transportation Safety Board (NTSB) on Wednesday cited driver errors and Tesla Inc's Autopilot design as the probable cause of a January 2018 crash of a Model S into a parked fire truck on a highway in California.

Palo Alto forecasts 2020 profit below estimates, shares down 10%

Cybersecurity firm Palo Alto Networks forecast fiscal 2020 adjusted profit below Wall Street estimates on Wednesday, sending its shares down 10% in extended trading.

Slack loss forecast bigger than expected, shares plunge

Slack Technologies Inc forecast a bigger-than-expected loss for the third quarter on Wednesday, as the workplace messaging and communication platform invests heavily to attract paid customers and organizations in the face of competition from companies like Microsoft Corp .

T-Mobile US workers worry Sprint deal will mean job losses

T-Mobile US retail employees and technicians delivered a letter late Tuesday for Deutsche Telekom CEO Tim Hoettges, seeking assurances that their jobs and paychecks will be safe if the wireless carrier is allowed to merge with Sprint, its smaller rival.

EU looking to see if Facebook's Libra currency poses competition risks

EU regulators are examining Facebook's proposed Libra cryptocurrency to see if it harms competition, Europe's antitrust regulator said on Wednesday, the latest watchdog to voice concerns about the social network's move into financial services.

Apple seeks to raise $7 billion in return to bond market: IFR

Apple Inc is looking to raise $7 billion through a sale of bonds set to price later on Wednesday, IFR reported, the company's first such issue since November 2017.

U.S. safety agency cites driver error, Tesla Autopilot design in crash report

The National Transportation Safety Board (NTSB) on Wednesday cited driver errors and Tesla Inc's Autopilot design as the probable cause of a January 2018 crash of a Model S into a parked fire truck on a highway in California.

Trump: U.S. does not want to discuss Huawei with China

President Donald Trump said on Wednesday the United States does not want to discuss the U.S. blacklisting of Huawei Technologies with China as the two biggest world economies try to end escalating trade tensions.

U.S. safety regulator cites driver error, Tesla Autopilot design in crash report

The National Transportation Safety Board (NTSB) on Wednesday cited driver errors and Tesla Inc's Autopilot design as the probable cause of a January 2018 crash of a Model S into a parked fire truck on a highway in California.

Republican, Democratic U.S. lawmakers ask Google to expand copyright protections

A bipartisan group of U.S. lawmakers on Wednesday asked the chief executive of Alphabet's Google to expand its use of technology that prevents copyright infringement to smaller creators who are "at a significant disadvantage."

Automakers to equip nearly all U.S. vehicles with systems to avoid deaths of children in hot cars

Major automakers said on Wednesday they have agreed to equip nearly all U.S. vehicles with systems to remind motorists of passengers in the back seat, by model year 2025, in an effort to avoid deaths of young children left behind in hot cars.

Porsche goes green with leather-free electric sports car

Porsche is making a leather-free version of its new Taycan electric sports car in the latest attempt by a German automaker to play up green credentials as environmental activists lobby for a boycott of the industry.