BEIJING (Reuters) - Meituan-Dianping on Thursday said it has raised $4 billion in a funding round that values China’s largest on-demand services provider at $30 billion, as part of a strategy to compete with the country’s leading e-commerce firms in offline retail. Meituan-Dianping in a ...
TOKYO (Reuters) - Japan’s securities watchdog is investigating Toshiba Corp’s (6502.T) accounting in its latest earnings statement to see if it properly handled losses incurred by its U.S. nuclear unit, a source with knowledge of the matter said on Thursday. The move follows an unusual &...
TOKYO (Reuters) - Japan’s securities watchdog is investigating Toshiba Corp’s (6502.T) accounting practices for the last business year to see if it properly handled the losses incurred by its U.S. nuclear unit Westinghouse, a source familiar with the matter told Reuters. The Securities a...
ZUG, Switzerland/NEW YORK (Reuters) - Just three months ago, a tech project called Tezos raised $232 million online in a wildly successful “initial coin offering,” in which new digital currency is parceled out to buyers. At the time, it was the most money ever raised from the public in t...
TOKYO (Reuters) - Japan’s securities watchdog is investigating Toshiba Corp’s accounting practices for the last business year to see if it properly handled the losses incurred by its U.S. nuclear unit Westinghouse, the Nikkei business daily reported on Thursday. The Securities and Exchan...
NEW YORK (Reuters) - Automatic Data Processing Inc is already making many of the changes activist shareholder William Ackman is advocating, but it will take time to see results, Chief Executive Officer Carlos Rodriguez said in an interview on Wednesday. “We have a pretty good track record of b...
WASHINGTON (Reuters) - The U.S. Federal Reserve is stepping-up its focus on payment security as the industry reaches a “critical juncture” driven by new technologies, Federal Reserve board governor Jerome Powell said on Wednesday. Speaking at a conference in New York, Powell said the U.S...
(Reuters) - EBay Inc warned Wall Street on Wednesday that profit this quarter could fall below analysts’ estimates as it invests in marketing and a revamped website to attract more shoppers, sending shares down more than 5 percent in after-hours trade. The online marketplace is making a big pu...
(Reuters) - Amazon.com Inc’s web services unit said on Wednesday that it resolved connectivity issues that affected its Direct Connect customers in the Oregon region in the United States. Amazon Web Services (AWS) said some Direct Connect locations using the US-WEST-2 Region experienced connec...
(Reuters) - Photoshop maker Adobe Systems Inc forecast better-than-expected revenue and profit for fiscal 2018 due to growth in its cloud business, sending its shares up 8 percent in extended trading. The company said on Wednesday it expects revenue of $8.7 billion and profit of around $5.50 per sha...
(Reuters) - EBay Inc forecast current-quarter adjusted profit that was largely below analysts’ estimates as the company continues to ramp up spending to tweak its e-commerce platforms. The company’s shares fell 4.4 percent to $36.3 in after-hours trading on Wednesday. EBay forecast fourt...
LONDON (Reuters) - Technology firms have improved cooperation with the authorities in tackling online militant material but still must act quicker to remove propaganda fuelling a rise in homegrown extremism, acting U.S. Homeland Security Secretary Elaine Duke said on Wednesday. The United States and...
WASHINGTON (Reuters) - U.S. Secretary of Defense James Mattis this week asked Congress to halt pending legislation that would compel the U.S. to alert foreign governments when the Pentagon has decided to combat certain cyber attacks, according to a letter sent to lawmakers. The letter, sent to membe...
BRUSSELS (Reuters) - Some smartwatches for children sold in Europe pose security risks, including potentially allowing hackers to take control of and track a watch, the EU’s main consumer lobby said on Wednesday, following a new report by one of its members. The affected smartwatches, which us...
(Reuters) - Twitter Inc plans to toughen its rules on online sexual harassment and impose stronger penalties for misconduct, according to an email it sent to a group of safety advocates, academics and researchers that helps the social media service set its policies. The new rules, which will likely ...
(Reuters) - A Native American tribe sued Amazon.com Inc and Microsoft Corp in federal court in Virginia on Wednesday for infringing supercomputer patents it is holding for a technology firm. The Saint Regis Mohawk Tribe was assigned the patents by SRC Labs LLC in a deal intended to use the tribe&rsq...
MANCHESTER, England (Reuters) - Social media platform Snapchat will present Winter Olympics content at next year’s event in Pyeongchang after striking a deal with Discovery communications’ Eurosport, a move which could help the Games reach the younger demographic it craves. Discovery Com...
(Reuters) - Shares in International Business Machines Inc (IBM.N) surged 9 percent on Wednesday after it beat expectations on revenue and gave an outlook that hinted one of the world’s first big computing names was back on a growth track after six years in retreat. There was no initial sign of...
(Reuters) - Twitter has toughened its stance on online sexual harassment and abuse, laying out stronger penalties for misconduct on the social media platform in an email to its Trust and Safety Council published by Wired late on Tuesday. Reuters was not immediately able to confirm that the email pub...
(Reuters) - Apple Inc and General Electric Co say they are working together to make it easier to write software that can track power plants and jet engines on Apple’s iPhones and iPads. The companies have come up with a tool for app developers to connect Apple’s iOS operating system more...
(Reuters) - IBM shares surged 5 percent on Wednesday after the world’s first big computing company beat expectations on third-quarter revenue and gave an outlook that hinted it was back on a growth track after six years in retreat. There was no initial sign of changes to major brokerage tradin...
BRUSSELS (Reuters) - A year-old pact underpinning billions of dollars of transatlantic data transfers won a green light from the European Union on Wednesday after a first review to ensure Washington protects Europeans’ data stored on U.S. servers. The EU-U.S. Privacy Shield was agreed last yea...
LOS ANGELES/NEW YORK (Reuters) - Most U.S. shoppers are fiercely loyal to local food stores, calling them better than online options, according to a new Reuters/Ipsos poll that raises questions about how much Amazon.com’s $13.7 billion purchase of Whole Foods will shake up the supermarket busi...
TAIPEI (Reuters) - Taiwan’s economics ministry said it is “deeply concerned” about the antitrust agency imposing a $775 million fine on Qualcomm Inc (QCOM.O), in a rare public display of disagreement between authorities. Taiwan’s Fair Trade Commission (FTC) fined Qualcomm las...
BEIJING (Reuters) - China’s electric vehicle (EV) production could touch 1 million units next year and 3 million units by 2020, said Xu Heyi, chairman of carmaker BAIC Group, on Wednesday, likely exceeding a government set target. China is aiming to produce 2 million EVs a year by 2020 and 7 m...
BRUSSELS (Reuters) - A year-old pact underpinning billions of dollars of transatlantic data transfers will get the green light from the European Union on Wednesday after the first review to ensure Washington protects Europeans’ data stored on U.S. servers. The EU-U.S. Privacy Shield was agreed...
(Reuters) - JPMorgan Chase & Co said on Tuesday it would acquire online payment provider WePay as the bank looks to integrate payments into software used by small businesses. WePay’s technology, popular among small businesses, helps online software service providers like FreshBooks and cro...
WASHINGTON (Reuters) - A U.S. senator on Tuesday asked the Defense Department to explain how it manages the risks when it uses software that has been scrutinized by foreign governments, saying the practice may represent a national security threat. Reuters reported earlier this month that Hewlett Pac...
(Reuters) - International Business Machines Corp’s (IBM.N) shift to newer businesses such as cloud and security services helped it beat analysts’ quarterly revenue estimates, and the technology major hinted at sales growth after nearly six years of declines. Shares of the Dow component r...
LONDON (Reuters) - A UK parliamentary report has criticized Amazon and eBay for not doing enough to prevent tax fraud on their online market places and recommended the government hold the online giants accountable for tax lost to evaders. In April the National Audit Office said Britain was losing up...
