SINGAPORE (Reuters) - Singapore's biggest taxi operator, ComfortDelgro Corp Ltd (CMDG.SI), entered into exclusive talks with Uber Technologies Inc for a potential tie-up, it said on Tuesday, in a move that could help Uber in its fight with dominant ride-hailing firm Grab. ComfortDelgro signed a lett...
Retail app maker Tulip raises $40 million from Kleiner Perkins, others
(Reuters) - Canada's Tulip Retail, which makes an app for retailers, said on Tuesday it raised $40 million in a funding round led by venture capital firm Kleiner Perkins Caufield & Byers. The Series B funding, which included existing investors such as Jump Capital, gives Kleiner Perkins' general...
Ford, China's Zotye Auto plan JV to build electric vehicles
SHANGHAI (Reuters) - Ford Motor is exploring setting up a joint venture with Chinese firm Anhui Zotye Automobile Co to build electric passenger vehicles in China under a new brand, tapping into a boom for such vehicles in the world's top auto market. China, struggling with alarming pollution levels ...
TD Ameritrade launches Facebook chatbot
NEW YORK (Reuters) - TD Ameritrade has launched a "chatbot", an automated program that can communicate with the brokerage's customers on Facebook Inc's messaging application, to give them information about markets and their accounts. TD Ameritrade's chatbot uses artificial intelligence and machine l...
Fujitsu to sell mobile phone operations: Nikkei
(Reuters) - Fujitsu Ltd (6702.T) said on Monday it is looking to offload its mobile operations as the Japanese information technology company faces stiff competition from bigger rivals in a highly lucrative mobile phone market, the Nikkei Financial Daily reported. The company, which spun off its mob...
CNN launches daily news show on Snapchat
(Reuters) - CNN on Monday began streaming "The Update," a daily show on Snapchat featuring at least five news stories each episode from reporters and bureaus around the world, to attract younger viewers. CNN, NBC and other networks are creating more digital content to reach millennials, who increasi...
U.S. board to vote on likely cause of Tesla 'Autopilot' crash
WASHINGTON (Reuters) - The U.S. National Transportation Safety Board will vote at a Sept. 12 hearing on the probable cause of a May 2016 crash that killed a man using the semi-autonomous driving system on his Tesla Model S sedan, the agency said on Monday. The fatal incident raised questions about t...
Conservative Canadian site The Rebel disrupted as its loses domain provider
TORONTO (Reuters) - Conservative Canadian website The Rebel said its domain provider cut its internet registration, making the site inaccessible to some users around the world on Monday as the company scrambled to get back online using a second provider. The move comes after GoDaddy Inc, Alphabet In...
Israel's TowerJazz to set up China chip plant with Tacoma Semi
JERUSALEM (Reuters) - Israeli chipmaker TowerJazz is linking up with Tacoma Semiconductor Technology Co to establish a fabrication plant in Nanjing, China to make 8-inch wide wafers, as it seeks a foothold in the world's second-largest economy. TowerJazz shares jumped 6.5 percent to $26.64 in early ...
Sinopec's Shengli Oilfield cuts Internet for some offices after cyber attack
BEIJING (Reuters) - Sinopec's (600028.SS) Shengli Oilfield said it will cut its Internet connection for some of its offices after a malicious ransom software attacked of 21 of its Internet terminals, the company said on its official website on Monday. Sinopec's Shengli Oilfield became the latest vic...
PwC Japan exec denies political pressure on Toshiba audit
TOKYO (Reuters) - The head of auditor PricewaterhouseCoopers Aarata LLC on Monday denied it came under political pressure to sign off on an annual financial report by Toshiba Corp, a move which helped the troubled Japanese conglomerate avert a delisting. PwC earlier this month endorsed Toshiba's ann...
Taiwan's Foxconn to build three ancillary facilities as part of Wisconsin LCD campus
TAIPEI (Reuters) - Taiwanese electronics manufacturer Foxconn on Monday said it plans to build three facilities in the U.S. state of Wisconsin for operation as early as next year, as part of a campus housing a $10 billion liquid crystal display (LCD) factory due for 2020. Foxconn, which makes electr...
Uber hikes Hong Kong fees amid legal troubles
HONG KONG (Reuters) - Uber Technologies Inc UBER.UL on Monday hiked its Hong Kong fees by up to 80 percent after a review of its business there, the embattled ridesharing company said, adding it was not having issues financing its operations in the Asian financial hub. The San Francisco-based techno...
India's Infosys shares extend losses after CEO quit
MUMBAI (Reuters) - Shares of India's Infosys Ltd fell as much as 4.6 percent on Monday to a near three-year low, slumping for a second consecutive session, after brokerages including Nomura downgraded the stock following the resignation of its chief executive. Shares slumped 9.6 percent on Friday af...
Japan launches satellite for advanced GPS operation
TOKYO (Reuters) - Japan on Saturday launched an H-2A rocket carrying a geo-positioning satellite into orbit after a week-long delay, the government said. The launch of Japan's third geo-positioning satellite is part of its plan to build a version of the U.S. global positioning system (GPS) to offer ...
NuTonomy hopes for second-quarter 2018 launch of paid Singapore self-driving car rides
SAN FRANCISCO (Reuters) - U.S. self-driving car startup NuTonomy and southeast Asian ride services partner Grab hope to turn a test pilot in Singapore into a paid, commercial service as soon as the second quarter of next year, NuTonomy Chief Executive Karl Iagnemma said on Friday. Ride services comp...
U.S. formally launches probe of China's intellectual property practices
WASHINGTON (Reuters) - The United States on Friday formally launched an investigation into China's alleged theft of U.S. intellectual property, a widely expected move following a call from President Donald Trump earlier this week to determine whether one was needed. “After consulting with stak...
BlackBerry rally derailed as investors lose patience on turnaround
TORONTO (Reuters) - BlackBerry Ltd (BB.TO)(BBRY.O) shares have been plunging from their more than two-year high hit in June after lackluster earnings and competitive threats have raised doubts about prospects for a turnaround at the business software maker. At Friday's price of about $8.70, BlackBer...
Carbon Emissions: Oversharing Bug Puts Security Vendor Back in Spotlight
Last week, security firm DirectDefense came under fire for over-hyping claims that Cb Response, a cybersecurity product sold by competitor Carbon Black, was leaking proprietary from customers who use it. Carbon Black responded that the bug identified by its competitor was a feature, and that cu...
Carbon Emissions: Oversharing Bug Puts Security Vendor Back in Spotlight
Last week, security firm DirectDefense came under fire for over-hyping claims that Cb Response, a cybersecurity product sold by competitor Carbon Black, was leaking proprietary from customers who use it. Carbon Black responded that the bug identified by its competitor was a feature, and that cu...
Nestle defends 'Kit Kat' campaign against Atari 'Breakout' lawsuit
(Reuters) - Nestle SA on Friday paddled back claims in a new lawsuit in which Atari SA accused the Swiss food company of pilfering its classic 1970s video game "Breakout" to help sell Kit Kat chocolate-covered wafer bars. Nestle damaged Atari's goodwill and reputation on Facebook, Twitter and televi...
AT&T considers sale of home security business: sources
(Reuters) - AT&T Inc (T.N) is exploring options for its Digital Life home security business, including selling it, as it seeks to pay down debt following its planned $85.4 billion acquisition of Time Warner Inc (TWX.N), people familiar with the matter said. The divestiture would mark a reversal ...
China Unicom's $12 billion ownership-reforms plan mired in confusion
HONG KONG (Reuters) - Telecoms group China Unicom's $11.7 billion ownership-reforms plan, billed as a model case for revitalizing Chinese state firms with private capital, remained under a cloud on Friday, with confusion about fundraising details persisting. The state-owned group had announced on We...
Top fund investors pumped brakes on fast-rising Tesla: filings
BOSTON (Reuters) - Top Tesla Inc (TSLA.O) investors Fidelity Investments and T. Rowe Price cut their holdings in the second quarter and indicated they were taking profits from the electric car maker stock, which is up 65 percent this year. Sellers included Fidelity funds like Fidelity OTC Portfolio,...
Ukraine central bank warns of new cyber-attack risk
KIEV (Reuters) - The Ukrainian central bank said on Friday it had warned state-owned and private lenders of the appearance of new malware as security services said Ukraine faced cyber attacks like those that knocked out global systems in June. The June 27 attack, dubbed NotPetya, took down many Ukra...
China's Lenovo warns of cost challenges as it sinks to Q1 loss
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.
Former Uber CEO says investor lawsuit a 'public and personal attack'
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...
Blowing the Whistle on Bad Attribution
The New York Times this week published a fascinating story about a young programmer in Ukraine who’d turned himself in to the local police. The Times says the man did so after one of his software tools was identified by the U.S. government as part of the arsenal used by Rus...
Blowing the Whistle on Bad Attribution
The New York Times this week published a fascinating story about a young programmer in Ukraine who’d turned himself in to the local police. The Times says the man did so after one of his software tools was identified by the U.S. government as part of the arsenal used by Rus...
Infosys CEO Vishal Sikka resigns; company names interim chief executive
(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...