HONG KONG (Reuters) - Chinese personal computer maker Lenovo Group Ltd warned of higher costs and margin pressure due to shortages of components like memory chips, as it posted its first quarterly loss in almost two years on Friday.
SAN FRANCISCO (Reuters) - The ousted chief executive officer of Uber Technologies Inc called a lawsuit filed against him by one of the company's top investors a "public and personal attack" without merit, according to court documents filed late on Thursday. Venture capital firm Benchmark Capital, wh...
(Reuters) - India's No. 2 IT Services company Infosys Ltd (INFY.NS) said Vishal Sikka had resigned as managing director and chief executive of the company with immediate effect, sending shares tumbling more than 7 percent in early trading on Friday. The move comes after a protracted war of words bet...
SAN FRANCISCO (Reuters) - A digital rights group based in San Francisco on Thursday criticized several internet companies for removing neo-Nazi groups from servers and services, saying the actions threatened free expression online. GoDaddy Inc, Alphabet's Google, security firm Cloudflare and other t...
HONG KONG (Reuters) - Chinese personal computer maker Lenovo Group Ltd is more confident it can achieve its turnaround goal for its mobile business in the second half of fiscal year 2018, Chairman and Chief Executive Yang Yuanqing told Reuters on Friday.
(Reuters) - Alphabet Inc's (GOOGL.O) Google has expanded its YouTube TV streaming service into 14 new U.S. markets to reach half of American households, with an additional 17 markets to launch in the next few weeks, the company said on Thursday. YouTube is broadening access to live TV streaming as y...
SAN FRANCISCO (Reuters) - Facebook Inc is testing a feature in the Facebook News Feed that provides customized links to news on topics of interest to individual users, as the company continues to search for ways to increase the amount of time that people spend using the world's largest social media ...
SAN FRANCISCO (Reuters) - Silicon Valley technology company ThoughtSpot has completed a $120 million funding round to fuel the start-up's new artificial intelligence endeavor. ThoughtSpot, based in Palo Alto, California, said on Thursday it had raised $60 million from investors in a financing round ...
NEW YORK (Reuters) - Unikrn, a U.S. sports betting digital platform backed by some of the biggest names in media, entertainment and sports, will launch the sale of $100 million in cryptocurrency next month, the company's co-founder and chief executive officer, Rahul Sood, told Reuters in an intervie...
NEW YORK (Reuters) - A U.S. appeals court on Thursday ruled in favor of Uber Technologies Inc [UBER.UL] in a lawsuit over whether passengers gave up their right to sue the company when they registered for its taxi-hailing service, The 2nd U.S. Circuit Court of Appeals in New York vacated a lower cou...
BOSTON/NEW YORK (Reuters) - Activist investor William Ackman laid out his case for changes at Automatic Data Processing Inc (ADP.O) on Thursday, saying the payroll processor needs to improve its profit margins and integrate its business lines. Ackman's hedge fund Pershing Square Capital Management d...
(Reuters) - Apple Inc (AAPL.O) CEO Tim Cook has joined a chorus of business leaders who have voiced their opposition to President Donald Trump after he blamed white nationalists and anti-racism activists equally for violence in Virginia over the weekend. "I disagree with the president and others who...
(Reuters) - Alibaba, China's top e-commerce firm, beat analyst's estimates with a 56 percent rise in first-quarter revenue, driven by growth in online sales which make up most of its business. Thursday's results show that Alibaba Group Holding Ltd (BABA.N), one of Asia's most valuable companies, is ...
(Reuters) - The Wisconsin State Assembly on Thursday will consider a $3 billion incentive package for a proposed liquid-crystal display factory by Taiwan's Foxconn, the first vote on the deal by a chamber of the state's Republican-controlled legislature. Foxconn, an electronics manufacturer formally...
FRANKFURT (Reuters) - German carmakers Daimler and BMW may be in talks to combine their car-sharing services Car2Go and DriveNow, Sixt chief executive Erich Sixt, whose company owns part of DriveNow, hinted on Thursday. Slideshow (2 Images) Asked whether Sixt was involved in merger talks with Daimle...
STOCKHOLM (Reuters) - Mobile telecom gear maker Ericsson may lay off around 25,000 employees outside Sweden as part of its savings program, Swedish daily Svenska Dagbladet reported on Thursday, citing unidentified sources at the company. Ericsson said in July it would accelerate measures to meet a t...
BEIJING (Reuters) - Chinese authorities have issued a warning to the country's top e-commerce platforms, including Alibaba Holding Group Ltd's Taobao.com, over the sale of illegal virtual private networks that allow users to skirt state censorship controls. Five websites have been asked to carry out...
ZURICH (Reuters) - Sonova on Thursday launched a new hearing aid that streams audio directly from wireless mobile devices as the Swiss company closes the gap to Danish competitors who pioneered similar technology. Sonova, the world's biggest hearing aid maker, was criticized for missing an opportuni...
WASHINGTON (Reuters) - Talks to renegotiate the North American Free Trade Agreement (NAFTA) must include a discussion of new financial services, a Mexican negotiator said on Wednesday, singling out so-called fintech companies rapidly gaining ground in the region. Created 23 years ago, NAFTA includes...
HONG KONG (Reuters) - Shares of China's Tencent Holdings are set to open 5.3 percent higher on Thursday after the world's largest gaming company reported a forecast-beating quarterly profit. The stock is set to open at record high at HK$340.40. That compared with a 0.7 percent rise in the benchmark ...
