U.S. labor board files complaint against Tesla over worker rights

(Reuters) - The U.S. agency in charge of enforcing labor law on Thursday filed a complaint against electric carmaker Tesla Inc (TSLA.O), saying it found merit to workers' complaints about unfair labor practices. According to the National Labor Relations Board complaint, Tesla violated workers' right...

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U.S. labor board files complaint against Tesla over worker rights

(Reuters) - The U.S. agency in charge of enforcing labor law on Thursday filed a complaint against electric carmaker Tesla Inc (TSLA.O), saying it found merit to workers’ complaints about unfair labor practices. According to the National Labor Relations Board complaint, Tesla violated workers&...

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Samsung secures self-driving car permit in California

(Reuters) - Samsung Electronics Co Ltd (005930.KS) said on Thursday it has received a permit to test self-driving vehicles in California, marking the entry of the world’s largest smart phone maker four months after iPhone maker and arch rival Apple Inc (AAPL.O) received a permit. Its parent co...

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Hellman & Friedman leads race for $5 billion Nets deal: Financial Times

(Reuters) - U.S. private equity firm Hellman & Friedman is the frontrunner in the race to acquire Nets, Scandinavia's largest payments processor, the Financial Times reported, citing people close to the discussions. The deal is expected to value Nets at more than 31.3 billion Danish crowns ($5.0...

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Samsung secures self-driving car permit in California

(Reuters) - Samsung Electronics Co Ltd said on Thursday it has received a permit to test self-driving vehicles in California, marking the entry of the world's largest smart phone maker four months after iPhone maker and arch rival Apple Inc received a permit. Its parent company in May secured permis...

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Yahoo must face litigation by data breach victims: U.S. judge

(Reuters) - A U.S. judge said Yahoo must face nationwide litigation brought on behalf of well over 1 billion users who said their personal information was compromised in three massive data breaches. Wednesday night’s decision from U.S. District Judge Lucy Koh in San Jose, California, was a set...

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Vivendi confirms outlook as Q2 shows Canal Plus improving

PARIS (Reuters) - French media group Vivendi (VIV.PA) reported better than expected core profit growth for the second quarter on Thursday and confirmed its outlook for the full year, saying its struggling Canal+ pay TV arm was showing signs of improvement. Earnings before interest, tax and amortizat...

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Facebook's Watch goes up against YouTube for ad dollars

(Reuters) - Facebook Inc launched its Watch video service to U.S. users on Thursday with plans to allow people to submit shows, as the No. 1 social media network vies with Alphabet Inc’s YouTube for advertising revenue. Advertisers are shifting more of their budgets from television to online a...

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Yahoo must face litigation by data breach victims: U.S. judge

(Reuters) - A U.S. judge said Yahoo must face nationwide litigation brought on behalf of well over 1 billion users who said their personal information was compromised in three massive data breaches. Wednesday night's decision from U.S. District Judge Lucy Koh in San Jose, California, was a setback f...

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Lyft expands ride-sharing service to 32 more states

(Reuters) - U.S.-based ride services company Lyft Inc said on Thursday it unveiled availability to an additional 32 states, as it looks to take market share from its main rival Uber. Lyft, the No. 2 ride-sharing service by volume after Uber Technologies Inc [UBER.UL], will now offer rides in 40 stat...

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Taiwan startup develops laser engraver for general users

TAIPEI (Reuters) - Muherz, a Taiwan-based start-up, is aiming to bring laser engraving to the masses with its Kickstarter-funded device Cubiio. Built in the shape of a cube, Cubiio can be used to engrave images saved on a memory card onto leather, paper, wood, and even food. Hung Shao-kang, a mechan...

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Time Inc shifts toward video as eyeballs move online

NEW YORK (Reuters) - Time Inc, publisher of magazines including People and Sports Illustrated, is turning to the internet to distribute its growing cache of video material and television shows, part of a plan to counter fast-declining print advertising revenue. The move shows that even the largest t...

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Facebook Watch steps up competition with YouTube for ad dollars

(Reuters) - Facebook Inc launched its Watch video service to all users on Thursday with plans to allow anyone to submit shows, as the No. 1 social media network takes on Alphabet Inc's rival YouTube to boost advertising revenue. The move comes as advertisers are increasingly shifting budgets from te...

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Toshiba misses target date for chip unit sale, increasing business risks

TOKYO (Reuters) - Toshiba Corp (6502.T) failed to seal a deal to sell its prized chip business by an internal deadline of Thursday, raising doubts about whether it can plug a balance sheet hole in time to avoid a delisting and keep the unit competitive. The embattled Japanese conglomerate said in a ...

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Magna pitches new self-driving vehicle system

DETROIT (Reuters) - Auto supplier Magna International Inc on Thursday said it is developing a system automakers can use to enable vehicles to drive themselves without requiring bulky rooftop sensors or other compromises to vehicle styling. Magna is one of several major automotive technology supplier...

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LG packs image, audio features into new flagship phone

BERLIN (Reuters) - LG Electronics on Thursday introduced a slimmer version of its top-of-the-line phone, with advanced new camera and voice-activation features aimed at active video users, which it hopes can help it claw back market share lost to rivals. The LG V30 offers a 6-inch screen that is sho...

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Chinese cyber spies broaden attacks in Vietnam, security firm says

(Reuters) - Cyber spies working for or on behalf of China's government have broadened attacks against official and corporate targets in Vietnam at a time of raised tension over the South China Sea, cyber security company FireEye said. FireEye told Reuters the attacks happened in recent weeks and it ...

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Coin offerings create financial risks: China industry body

SHANGHAI (Reuters) - Launches of new digital currencies, known as initial coin offerings (ICOs), have shaken up social and economic order, created hidden financial risks, and in some cases may amount to fraud, China's National Internet Finance Association said. ICO investors should be wary and repor...

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Faced with new bid, Toshiba looks set to miss chip sale deadline

TOKYO (Reuters) - Toshiba Corp (6502.T) looks set to miss its own deadline of Aug 31 to agree an $17.3 billion sale of its chips business, a deal that would plug a gaping balance sheet hole and help the group avoid an embarrassing and potentially costly delisting. Toshiba's board had been expected t...

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Expedia picks CFO Okerstrom to replace Khosrowshahi as CEO

(Reuters) - Expedia Inc named Chief Financial Officer Mark Okerstrom as its new chief executive, replacing Dara Khosrowshahi, who left to take over the top job at Uber Technologies Inc [UBER.UL]. Khosrowshahi, who led the travel-booking site for 12 years, will continue to be a board member, the comp...

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