Web giants to cooperate on removal of extremist content

BRUSSELS (Reuters) - Web giants YouTube, Facebook, Twitter and Microsoft will step up efforts to remove extremist content from their websites by creating a common database.

Former hedge fund exec's Empire Report keeps tabs on New York

BOSTON (Reuters) - Former hedge fund executive JP Miller launched an app on Monday for his startup news site Empire Report that is modeled on the Drudge Report and chronicles New York, its politicians, financiers and celebrities.

Chilean start-up that uses AI to reinvent food eyes U.S. deals

SANTIAGO (Reuters) - A Chilean start-up that has built artificial intelligence software to help recreate animal-based foods using plants is looking toward U.S. multinationals after signing deals at home to sell its products, the company's founders said.

Tech investors say UK must clarify Brexit immigration stance

LONDON (Reuters) - London could lose its position as the leading destination for start-ups in Europe if it does not remain open to the best talent after the British vote to leave the European Union, investors warned on Monday.

U.S. makes new arrest in fraud probe of bankrupt video tech firm

NEW YORK (Reuters) - U.S. prosecutors on Monday announced the arrest of a New Jersey man accused of engaging in a multimillion-dollar fraud scheme involving bankrupt video technology firm Kit Digital, in the latest case to spill out of the startup's failure.

VW's new division takes aim at Uber-style competition

LONDON (Reuters) - Volkswagen launched a new digital business division on Monday to take on services such as Uber , shifting its focus beyond selling cars to catering for customers who prefer to pay for use rather than own a vehicle.

Amazon introduces first physical grocery store

(Reuters) - Amazon.com Inc's new bricks-and-mortar grocery store doesn't have at least one thing that supermarkets have - queues at the checkout counter.

Consolidated Communications to buy FairPoint in $1.5 billion deal

(Reuters) - Consolidated Communications Holdings Inc said on Monday it would buy broadband service provider FairPoint Communications Inc in an all-stock deal valued at $1.5 billion, including debt, to boost its fiber network.

Bangladesh to share findings of heist inquiry with Philippines

DHAKA (Reuters) - Bangladesh will share findings from its investigation into how unidentified hackers pulled off one of the world’s biggest cyber bank heists to help speed up recovery of the stolen funds, its law minister said on Monday.

Sharp CEO Tai says to step down once stock returns to TSE first section

TOKYO (Reuters) - Sharp Corp CEO and President Tai Jeng-wu told reporters on Monday he would step down once the Japanese electronics maker turns profitable again at the net level and its shares return to the first section of the Tokyo Stock Exchange.

Social media ads to hit $50 billion by 2019 -Zenith

LONDON (Reuters) - The amount of money spent on advertising on social media is set to catch up with newspaper ad revenues by 2020, a leading forecaster said on Monday.

Panasonic in talks to buy ZKW for up to $1 billion: Nikkei

TOKYO (Reuters) - Japan's Panasonic Corp is in the final stages of talks to buy European automotive light maker ZKW Group for up to $1 billion, accelerating its push into the automotive electronics market, the Nikkei business daily reported Monday.

BMW seeks to be 'coolest' ride-hailing firm with autonomous car

MUNICH (Reuters) - BMW will test autonomous vehicles in Munich next year as it seeks to keep up with ride-hailing firms like Uber [UBER.UL], which have spent billions on pay-per-use personal transport.

EU urges U.S. tech giants to act faster against hate speech

BRUSSELS (Reuters) - U.S. tech giants including Facebook , Twitter , Google's YouTube and Microsoft will have to act faster to tackle online hate speech or face laws forcing them to do so, the European Commission said on Sunday.

Philippines urges Bangladesh to share results of heist investigation

MANILA (Reuters) - The Philippine government wants Bangladesh to share the findings of its investigation into how unknown hackers pulled off one of the world's largest cyber bank heists, to help speed up recovery of the stolen funds.

Pentagon says Raytheon making progress on satellite control station

SIMI VALLEY, Calif. (Reuters) - Raytheon Co is making progress on a long-delayed program for new ground control stations for next-generation GPS satellites, although it is lagging a remedial schedule agreed with military officials, the Pentagon's chief arms buyer said.

Apple shows ambition to get into self-driving car race

WASHINGTON (Reuters) - Apple Inc is wading in to the debate over regulation of self-driving cars, declaring it is excited about the potential for automated transportation and calling on U.S. regulators not to restrict testing of such vehicles.

Airbnb, New York City settle rental law lawsuit

NEW YORK (Reuters) - Airbnb Inc and New York City said on Friday they had resolved a lawsuit brought by the company challenging a law it argued could expose it to significant penalties for advertising short-term apartment rentals.

Money transfer firm WorldRemit eyes new markets, growth

TORONTO (Reuters) - WorldRemit, an online service for overseas money transfers, is looking to expand into new markets and add services like direct payments for bills and school fees, its president said on Friday.

Sirius reapproaches Pandora for a takeover: source

(Reuters) - Satellite radio company Sirius XM Holdings Inc's Chairman Greg Maffei recently made a fresh approach to internet radio provider Pandora Media Inc and expressed interest about a potential takeover, according to a source familiar with the matter.