(Reuters) - Uber Technologies Inc [UBER.UL], which is the subject of a federal probe into whether it broke bribery laws, has started a review of its Asia operations and notified U.S. officials about payments made by staff in Indonesia, Bloomberg reported, citing people with knowledge of the matter. ...
Amazon sends accidental gift email to shoppers due to glitch
(Reuters) - A technical glitch caused Amazon.com Inc to email some of its customers erroneously that they had received a gift, a spokeswoman said in a statement on Tuesday. The email displayed an image of a crawling infant and told shoppers that they had received a present from their baby registry. ...
Exclusive: Toshiba flips back towards Western Digital group for chip unit sale - sources
TOKYO (Reuters) - Toshiba Corp (6502.T) is shifting back toward selling its prized semiconductor unit to a group backed by joint venture partner Western Digital Corp (WDC.O), people familiar with the deal said. Just days ago the Japanese firm said it was leaning toward a rival bid for the $18 billio...
Massachusetts sues Equifax as hack concerns spread to Canada
(Reuters) - Massachusetts Attorney General Maura Healey filed a lawsuit on Tuesday against credit reporting firm Equifax Inc (EFX.N) following a breach that exposed the personal data of up to 143 million people, including 3 million in the state. Equifax said on Tuesday that the massive breach of sen...
Tesla shares fall from record high after warning from analyst
SAN FRANCISCO (Reuters) - Shares of Tesla (TSLA.O) fell from record highs on Tuesday after an analyst warned that the electric car maker may take longer than expected to become profitable. Jefferies analyst Philippe Houchois launched coverage of Tesla with an “underperform” rating, helpi...
Twitter says its controls are weeding out users advocating violence
BRUSSELS (Reuters) - Twitter Inc said that its internal controls were allowing it to weed out accounts being used for the “promotion of terrorism” earlier rather than responding to government requests to close them down. U.S. and European governments have been pressuring social media com...
Massachusetts sues Equifax for not protecting state residents
(Reuters) - Massachusetts Attorney General Maura Healey filed a lawsuit on Tuesday against credit reporting firm Equifax Inc (EFX.N) following a breach that exposed the personal data of as many as 143 million people, including 3 million in the state. Equifax’s share price has fallen by about o...
Equifax says 100,000 Canadians likely affected by data breach
TORONTO (Reuters) - Credit scoring company Equifax Inc said on Tuesday that the personal details of around 100,000 Canadians were exposed in the massive breach it disclosed earlier this month. The company said criminals got access to files containing personal information of some Canadian consumers -...
Alibaba-backed Best Inc cuts expected price range for U.S. IPO
(Reuters) - Alibaba Group-backed (BABA.N) Chinese logistics firm Best Inc on Tuesday slashed the expected price range of its U.S. initial public offering, one day before its market debut, suggesting tepid investor enthusiasm. Best expects its offering of 45 million American depository shares (ADS) t...
Alibaba-backed Best Inc cuts expected IPO price range
(Reuters) - Alibaba Group-backed (BABA.N) logistics company Best Inc on Tuesday slashed the expected price range of its U.S. initial public offering, one day before its market debut, suggesting tepid investor enthusiasm. Best expects its offering of 45 million American depository shares (ADS) to be ...
Twitter reports progress on weeding out users advocating violence
BRUSSELS (Reuters) - Twitter Inc said that its internal controls were allowing it to weed out accounts being used for “promotion of terrorism” earlier rather than responding to government requests to close them down. U.S. and European governments have been pressuring social media compani...
U.S. defense firms want control over tech in Make-in-India plan
NEW DELHI (Reuters) - U.S. defense firms offering to set up production lines in India to win deals worth billions of dollars want stronger assurances they won’t have to part with proprietary technology, according to a business lobby group’s letter to India’s defense minister. These...
Salesforce to launch $50 million artificial intelligence fund
SAN FRANCISCO (Reuters) - The venture wing of Salesforce.com Inc is launching a $50 million fund to invest in start-ups employing artificial intelligence, the cloud computing firm told Reuters on Tuesday. Salesforce, whose software helps businesses sell, market and track customer activity, has been ...
Nokia's French jobs cut plan suspended until October 2: French minister
PARIS (Reuters) - Nokia’s (NOKIA.HE) plan to cut almost 600 jobs in France is suspended until Oct. 2, French junior economy minister Benjamin Griveaux said on Tuesday after meeting the head of the Finnish telecom equipment maker’s French unit. Griveaux will meet with unions and company m...
App Annie's new product offers insight into consumer trends in China
FRANKFURT (Reuters) - The pioneer of mobile app analytics, App Annie, on Tuesday said it has begun tracking Android app usage in China, a landmark for understanding consumer behavior in the world’s top smartphone market, which increasingly sets the pace for global trends. App Annie said it was...
Exclusive: U.S. defense firms want control over tech in Make-in-India plan
NEW DELHI (Reuters) - U.S. defense firms offering to set up production lines in India to win deals worth billions of dollars want stronger assurances they won’t have to part with proprietary technology, according to a business lobby group’s letter to India’s defense minister. These...
Swiss shut down 'fake' E-Coin in latest cryptocurrency crackdown
ZURICH (Reuters) - Switzerland’s financial watchdog has closed down what it said was the provider of a fake cryptocurrency and is investigating around a dozen other possible fraud cases, in the latest clamp-down on the risks involving virtual money. The move by the FINMA watchdog comes on the ...
With new operating system, Apple revamps its money-making App Store
(Reuters) - Apple Inc’s newest operating system for iPhones and iPads introduces changes to its marketplace for third-party software to satisfy app developers and add new so-called augmented reality apps. The system, called iOS 11, is being released on Tuesday ahead of its two newest phone han...
Tencent, Guangzhou Auto agree to collaborate on internet-connected cars
HONG KONG (Reuters) - China’s Tencent Holdings and Guangzhou Automobile Group Company Ltd have agreed to collaborate on internet-connected cars - a strategic pact that sent shares in Guangzhou Auto surging. The development of self-driving cars and fast-changing technology have set in motion a ...
Tencent, Guangzhou Auto agree to collaborate on connected cars
HONG KONG (Reuters) - Chinese internet giant Tencent Holdings and Guangzhou Automobile Group Company Ltd said on Monday they had agreed to collaborate on connected cars. The two companies will also explore investment in areas such as auto-related e-commerce, new energy cars and auto insurance, Guang...
U.S. Senate votes to ban Kaspersky Lab software from government networks
WASHINGTON (Reuters) - The U.S. Senate on Monday voted to ban Moscow-based cyber security firm Kaspersky Lab’s products from use by the federal government, citing concerns the company may be a pawn of the Kremlin and poses a national security risk. The vote is the latest in a series of setback...
JPMorgan handles bitcoin-related trades for clients despite CEO warning
NEW YORK (Reuters) - JPMorgan Chase & Co (JPM.N) has been routing customer orders for bitcoin-related instruments, a spokesman said on Monday, despite the bank’s chief executive’s calling the crypto currency “a fraud.” Like other Wall Street banks, JPMorgan acts as an age...
Sprint follows AT&T with free iPhone 8 offer for trade-in
(Reuters) - Sprint Corp said on Monday it will offer Apple Inc’s new iPhone 8 for free with a qualifying phone trade-in, following AT&T Inc’s buy one, get one free promotion on Friday for DirecTV and U-verse TV customers. While carriers have traditionally used phone launches to lure ...
Cisco's Executive Chairman Chambers not to seek re-election
(Reuters) - Cisco Systems Inc (CSCO.O) said on Monday that Executive Chairman John Chambers would not seek re-election after his term expires in December. Chambers, who lead the networking gear maker for two decades as its chief executive, became the executive chairman in July 2015. Under his leader...
Exclusive: Google offers to treat rivals equally via auction: sources
BRUSSELS (Reuters) - Google has offered to display rival comparison shopping sites via an auction, as it aims to stave off further EU antitrust fines, four people familiar with the matter said. Google is under pressure to come up with a big initiative to level the playing field in comparison shoppin...
Intel collaborates with Waymo on self-driving compute design
SAN FRANCISCO (Reuters) - Intel Corp (INTC.O) on Monday announced a collaboration with Alphabet’s (GOOGL.O) Waymo self-driving unit, saying it had worked with the company during the design of its compute platform to allow autonomous cars to process information in real time. The world’s l...
Credit reporting companies should register with New York: governor
WASHINGTON (Reuters) - New York Governor Andrew Cuomo plans to require all credit reporting agencies to register with the state and comply with its cyber security rules, he said in a statement on Monday. The proposed regulation, ordered after Equifax Inc’s (EFX.N) breach exposed sensitive data...
New York governor says Equifax, other credit reporting companies must register with state
WASHINGTON (Reuters) - New York Governor Andrew Cuomo said in a statement on Monday that all credit reporting agencies must register with the state and comply with its cyber security rules. The regulation, ordered in the wake of an breach at Equifax (EFX.N) that exposed sensitive data of up to 143 m...
Uber faces big jump in fees if London license is renewed
LONDON (Reuters) - Uber will face a big jump in the fee it pays to operate in London to 2.9 million pounds if the ride hailing company is granted a new license by the city’s transport authority. Transport for London said on Monday companies with more than 10,000 vehicles would pay 2.9 million ...
Exclusive: Google offers to display rival sites via auction - sources
BRUSSELS (Reuters) - Alphabet unit Google has offered to display rival shopping comparison sites via an auction in order to comply with an EU antitrust order to stop favoring its own shopping service, four people familiar with the matter said on Monday. The proposal, which resembles a failed offer m...