Continental CEO says jobs will be lost in shift to electric cars

FRANKFURT (Reuters) - The shift to electric vehicles will cost jobs at German automotive supplier Continental, its chief executive told a newspaper, but he said many of those jobs would be offset by new positions related to electro-mobility.

Foxconn joint venture to invest $8.8 billion to build new LCD plant in China

BEIJING (Reuters) - A joint venture of Hon Hai Precision Industries , known as Foxconn, and Sharp said on Friday it plans to invest 61 billion yuan ($8.8 billion) to build a new factory in China to produce liquid-crystal displays (LCDs).

How ties to an 'equestrian princess' landed Samsung at center of a scandal

SEOUL (Reuters) - Samsung Electronics Co's sponsorship of the equestrian-athlete daughter of a long-time friend of President Park Geun-hye has helped to land South Korea's top company in the center of the country's influence-peddling scandal.

China's Midea receives U.S. green light for Kuka takeover

FRANKFURT (Reuters) - China's Midea said it will complete its takeover of German robotics maker Kuka in the first half of January after the United States authorities gave the deal a green light.

Silicon Valley's obscure unicorns could boost 2017 IPO market

(Reuters) - Social media firm Snap Inc may be the highest profile tech IPO planned for 2017, with the potential to raise billions.

China's Huawei sees 32 percent jump in 2016 revenue

(Reuters) - China's Huawei Technologies Co Ltd [HWT.UL], one of the world's largest telecom equipment makers, said on Friday it expects to record a 32 percent jump in revenue for 2016, thanks to a strong performance across its business platforms.

U.S. evicts Russians for spying, imposes sanctions after election hacks

HONOLULU/WASHINGTON (Reuters) - President Barack Obama on Thursday ordered the expulsion of 35 Russian suspected spies and imposed sanctions on two Russian intelligence agencies over their involvement in hacking U.S. political groups in the 2016 presidential election.

Amazon looks to the sky to store products

(Reuters) - Amazon.com Inc has filed for a patent to use airships to store products and serve as a base for delivery-drones.

Battered Toshiba out of easy options to plug nuclear hole

TOKYO (Reuters) - Faced with the prospect of a multi-billion-dollar writedown that could wipe out its shareholders' equity, Japan's Toshiba is running out of fixes: it is burning cash, cannot issue shares and has few easy assets left to sell.

Toshiba tumbles for third day as second downgrade fans writedown fears

TOKYO (Reuters) - Shares in Toshiba fell more than 19 percent in morning trade on Thursday, clocking a third day of heavy losses after the Japanese tech-to-nuclear conglomerate said earlier this week it faced a potential multi-billion dollar writedown.

China tech giant LeEco in talks on $1.4 billion support, starts e-car plant

SHANGHAI (Reuters) - Cash-strapped Chinese technology conglomerate LeEco is in talks on securing a 10 billion yuan ($1.4 billion) deal with an unnamed strategic investor, its listed unit said.

Trump says Sprint, OneWeb to create 8,000 U.S. jobs

PALM BEACH, Fla. (Reuters) - U.S. President-elect Donald Trump on Wednesday said telecommunications group Sprint Corp and a U.S. satellite company OneWeb will be bringing 8,000 jobs to the United States, celebrating the moves as a result of optimism associated with his election.

Trump says Sprint to bring 5,000 jobs back to U.S.

PALM BEACH, Fla. (Reuters) - U.S President-elect Donald Trump said on Wednesday wireless carrier Sprint Corp will bring 5,000 jobs back to the United States and OneWeb, a new company, will be hiring 3,000 people.

U.S. set to announce response to Russian election hacking: sources

WASHINGTON (Reuters) - The Obama administration plans to announce on Thursday a series of retaliatory measures against Russia for hacking into U.S. political institutions and individuals and leaking information in an effort to help President-elect Donald Trump and other Republican candidates, t...

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New York Times surpasses 100 million views on Facebook Live

NEW YORK (Reuters) - Presidential politics and celebrity interviews helped The New York Times Co surpass 100 million views for its Facebook Live videos, the company said on Wednesday.

InterContinental investigates possible payment card breach

(Reuters) - InterContinental Hotels Group Plc said on Wednesday it is investigating claims of a possible payment card breach at some of its hotels in the United States.

New York revises, delays new cyber rules after industry complaints

(Reuters) - New York's financial regulator said on Wednesday it was revising proposed cyber security rules for banks and insurers doing business in the state to incorporate industry feedback, delaying implementation by two months to March 1.

Researcher found security holes at smartphone-only bank N26

HAMBURG (Reuters) - German fintech company N26, which made its name mocking traditional banks, has found itself on the receiving end of criticism after a security researcher proved its smartphone apps exposed users to potential account hijacking.

U.S. accuses Chinese citizens of hacking law firms, insider trading

NEW YORK (Reuters) - Three Chinese citizens have been criminally charged in the United States with trading on confidential corporate information obtained by hacking into networks and servers of law firms working on mergers, U.S. prosecutors said on Tuesday.

Writedown fears wipe $5 billion off Toshiba's value as it weighs options

TOKYO (Reuters) - A looming writedown at Japanese conglomerate Toshiba Corp has wiped almost $5 billion off its value in two days and prompted a credit rating downgrade on Wednesday, as the company grapples to plug a potential multi-billion dollar hole.