HONG KONG (Reuters) - Baidu Inc’s (BIDU.O) iQiyi, a Netflix (NFLX.O) style video streaming service in China, has picked three banks to help arrange a U.S. initial public offering (IPO) worth about $1 billion, IFR reported on Monday, citing people familiar with the plans. Bank of America, Credi...
SAO PAULO (Reuters) - A group of bondholders that are Oi SA’s (OIBR4.SA) largest creditors demanded on Sunday that the company’s top executives meet them as soon as possible to renegotiate a debt plan. In a letter viewed by Reuters that was addressed to top Oi executives and board member...
(Reuters) - T-Mobile U.S. Inc (TMUS.O) and Sprint Corp (S.N) plan to announce a merger agreement without any immediate asset sales, as they seek to preserve as much of their spectrum holdings and cost synergies as they can before regulators ask for concessions, according to people familiar with the ...
(Reuters) - Luxury electric vehicle maker Tesla Inc (TSLA.O) fired about 400 employees this week, including associates, team leaders and supervisors, a former employee told Reuters on Friday. The dismissals were a result of a company-wide annual review, Tesla said in an emailed statement, without co...
(Reuters) - Luxury electric vehicle maker Tesla Inc (TSLA.O) fired between 400 and 700 employees this week, including engineers, managers and factory workers, Mercury News reported on Friday, citing interviews with former and current employees. The dismissals were a result of a company-wide annual r...
(Reuters) - Qualcomm Inc (QCOM.O) confirmed an earlier report that the chipmaker had filed lawsuits in China, seeking to halt the manufacture and sale of Apple Inc’s (AAPL.O) iPhones in the country. Qualcomm filed the suits in a Beijing intellectual property court, claiming patent infringement...
NEW YORK (Reuters) - The U.S. Internal Revenue Service has temporarily suspended a contract worth more than $7 million it recently awarded to Equifax Inc following a security issue with the beleaguered credit reporting agency’s website on Thursday. Equifax, which disclosed last month that cybe...
(Reuters) - Qualcomm Inc (QCOM.O) filed lawsuits in China, seeking to halt the manufacture and sale of Apple Inc’s (AAPL.O) iPhones in the country, Bloomberg reported on Friday. Qualcomm filed the suits in a Beijing intellectual property court, claiming patent infringement and is seeking injun...
WASHINGTON (Reuters) - Representatives of Facebook, Twitter and Google have been asked to appear on Nov. 1 at hearings on alleged Russian interference in U.S. politics called by the U.S. Senate and House Intelligence Committees, officials said. Facebook and Twitter have already agreed to send repres...
(Reuters) - Facebook Inc on Friday launched a service through which its U.S. users can order food for take-away or delivery directly through its app or website. Facebook said it has partnered with restaurants including Chipotle Mexican Grill Inc, Jack in the Box Inc, Five Guys and Papa John’s ...
LONDON (Reuters) - Uber [UBER.UL] lodged a court appeal on Friday to overturn a decision by London’s transport regulator that stripped the taxi app of its operating license in its most important European market, the first stop on what is set to be a long legal road. Transport for London (TfL) ...
SEOUL (Reuters) - Samsung Electronics Co Ltd said on Friday its CEO and Vice Chairman Kwon Oh-hyun plans to step down from management, deepening concerns over a leadership vacuum at the tech giant after group scion Jay Y. Lee was jailed for bribery. The surprise resignation of Samsung’s chip a...
LONDON (Reuters) - Uber [UBER.UL] submitted a court appeal on Friday to overturn a decision by London’s transport regulator that stripped the taxi app of its operating license in one of its most important markets. Transport for London (TfL) shocked the Silicon Valley firm last month by deeming...
LONDON (Reuters) - Britain’s campaign to force Silicon Valley to compromise on encrypted communications has received strong backing from a top U.S. government legal official, who called out tech firms for failing to balance crime-fighting demands with privacy needs. U.S. Deputy Attorney Genera...
SEOUL (Reuters) - Jay Y. Lee, the billionaire heir to South Korea’s Samsung Group, should find some comfort that its crown jewel Samsung Electronics Co Ltd has reported record profit every quarter since he was jailed in February, making him even richer. Detained over charges that he bribed for...
YOKKAICHI, Japan (Reuters) - Toshiba Corp said it is discussing joint investment in a new chip production line with Western Digital Corp - its estranged business partner after the Japanese firm chose a different suitor to buy its $18 billion semiconductor business. After a long and highly contentiou...
YOKKAICHI, Japan (Reuters) - Toshiba Corp is discussing joint investment for a new memory product line at its Yokkaichi plant with Western Digital Corp’s Sandisk, the head of the company’s chip unit said on Friday. Given competition with Samsung Electronics Co, it is best to have amicabl...
SEOUL (Reuters) - Samsung Electronics Co Ltd said on Friday its CEO and Vice Chairman Kwon Oh-hyun plans to step down from management, deepening concerns over a leadership vacuum at the tech giant after group scion Jay Y. Lee was jailed for bribery. The surprise resignation of Samsung’s chip a...
SEOUL (Reuters) - Samsung Electronics Co Ltd said on Friday its third-quarter operating profit likely nearly tripled from a year earlier to a new record, beating analyst estimates as strong memory chip prices fattened margins. Samsung shares touched a fresh high of 2.74 million won soon after the ma...
SEOUL (Reuters) - Samsung Electronics Co Ltd said on Friday its CEO and Vice Chairman Kwon Oh-hyun had decided to step down from management, as it forecast record third-quarter profits on the back of soaring memory chip prices. The surprise resignation comes as Kwon was expected to take a bigger rol...
SAN FRANCISCO (Reuters) - Amazon Studio chief Roy Price was put on an immediate leave of absence Thursday, the company said, following allegations that he harassed a producer and ignored an actress’s claim of a sexual assault by producer Harvey Weinstein. The Hollywood Reporter on Thursday rep...
SEOUL (Reuters) - Samsung Electronics Co Ltd said on Friday its third-quarter operating profit likely nearly tripled from a year earlier to a new record, beating analyst estimates, as strong memory chip prices fattened margins. The Apple Inc smartphone rival and global memory chip leader said third-...
NEW YORK (Reuters) - Equifax Inc said on Thursday that one of its third-party vendors had been running malicious code on one its web pages, but that the credit reporting agency was not the subject of another cyber attack and its systems were not compromised. Equifax had said earlier it took the affe...
(Reuters) - Electric carmaker Tesla Inc (TSLA.O) is recalling 11,000 Model X sport utility vehicles worldwide due to a faulty locking mechanism in their rear seats that raises the risk of the seats falling forward in a crash. Tesla said on Thursday a small number of cables in the second row fold-fla...
(Reuters) - Amazon.com Inc (AMZN.O) said it would hire 120,000 workers in the United States this holiday season, same as last year, joining a list of U.S. retailers cautious about their hiring plans amid an improving job market. Shoppers this year will shell out more on holiday gifting, according to...
NEW YORK (Reuters) - Equifax Inc said on Thursday it has taken one of its customer help website pages offline as its security team looks into reports of another potential cyber breach at the credit reporting company, which recently disclosed a hack that compromised the sensitive information of more ...
NEW YORK (Reuters) - Equifax Inc said on Thursday it has taken one of its customer help web pages offline as its security team looks into reports of another potential cyber breach at the credit reporting company, which recently disclosed a hack that compromised the sensitive information of 145.5 mil...
NEW YORK (Reuters) - Equifax Inc has taken one of its web pages offline as its security team looks into reports of another potential cyber breach, the credit reporting company, which recently disclosed a hack that compromised the sensitive information of 145.5 million people, said on Thursday. The m...
WASHINGTON (Reuters) - Facebook Inc (FB.O) Chief Operating Officer Sheryl Sandberg said on Thursday the company was fully committed to helping U.S. congressional investigators publicly release Russia-backed political ads that ran during the 2016 U.S. election. “Things happened on our platform ...
LONDON (Reuters) - Bitcoin smashed through the $5,000 barrier for the first time on Thursday, jumping as much as 8 percent on the day as investors shrugged off the latest warnings on the risks of buying into the booming cryptocurrency market. Bitcoin, the biggest and best-known cryptocurrency, has c...
