NEW YORK (Reuters) - Addepar, a Silicon Valley-based startup that helps wealth management firms get a more comprehensive view of their clients' assets, has raised $140 million in a round led by Valor Equity Partners, 8VC and investment manager Harald McPike.
BT to drop auditors PwC, hire KPMG
(Reuters) - Britain's BT said on Thursday it would drop PricewaterhouseCoopers(PwC), its auditors since 1984, in favor of KPMG after an evaluation done following BT's Italy accounting scandal revealed "areas for improvement" for PwC.
Chinese exam authorities use facial recognition, drones to catch cheats
BEIJING (Reuters) - Chinese education authorities have gone high-tech to catch cheaters as millions of high-school students take their "gaokao", the annual university entrance exam seen as key to landing a lucrative white-collar job.
Alibaba CFO says expects revenue growth of 45-49 percent in FY2018
BEIJING (Reuters) - Alibaba Group Holding Ltd expects revenue growth of 45-49 percent in the 2018 fiscal year, said Chief Financial Officer Maggie Wu on Thursday during an investor conference in Hangzhou, China.
TSMC will consider Taiwan sites ahead of offshore ones for new foundry
TAIPEI (Reuters) - Taiwan Semiconductor Manufacturing Co, the world's largest contract chipmaker, will consider sites in Taiwan before offshore options when it decides the location of a multi-billion dollar foundry early next year, a company spokeswoman said on Thursday.
Kinnevik sells out of Rocket Internet for 20 euros per share
STOCKHOLM (Reuters) - Swedish investor Kinnevik said on Thursday it had sold its remaining 6.6 percent stake in German ecommerce company Rocket Internet at 20 euros ($22.50) per share to institutional investors.
Honda to focus on self-driving cars, robotics, EVs through 2030
HAGA, Japan (Reuters) - Japanese carmaker Honda Motor Co on Thursday spelled out for the first time its plans to develop autonomous cars which can drive on city streets by 2025, building on its strategy to take on rivals in the auto market of the future.
EU seeks to expedite police requests for data from tech firms
BRUSSELS (Reuters) - The European Union wants to make it easier for law enforcement authorities to get electronic evidence directly from tech companies, such as Facebook Inc and Alphabet Inc's Google, even when stored in another European country.
Amazon lent $1 billion to merchants to boost sales on its marketplace
(Reuters) - Amazon.com Inc has stepped up lending to third-party sellers on its site who are looking to grow their business, a company executive said in an interview on Wednesday.
Exclusive: Sirius XM in talks to invest in Pandora - sources
(Reuters) - Sirius XM Holdings Inc, the U.S. satellite radio company controlled by John Malone's Liberty Media Corp, is seeking to invest in internet music provider Pandora Media Inc, people familiar with the matter said.
Toshiba shares up after sources say it aims to name chip ops buyer on June 15
TOKYO (Reuters) - Shares of Toshiba Corp jumped on Thursday after people familiar with the matter said it aims to name a winner for its prized semiconductor business next week.
Samsung Electronics to invest $300 million for U.S. appliances factory: Korea Economic Daily
SEOUL (Reuters) - Tech giant Samsung Electronics Co Ltd plans to invest $300 million to build an appliances factory in the United States, the Korea Economic Daily reported on Thursday citing unnamed sources.
Parts of Amazon's website appear to be down: Reuters witnesses
(Reuters) - Parts of Amazon.com Inc's U.S. home page appeared to be down on Tuesday, Reuters witnesses and users on Twitter reported.
Judge rules Uber must disclose key document in Waymo self-driving car case
SAN FRANCISCO (Reuters) - A magistrate judge has ruled that Uber Technologies Inc [UBER.UL] must hand over a key document that could shed light on what its executives knew about alleged theft of trade secrets from Alphabet Inc's Waymo self-driving car unit.
Renault plans foray into energy market with mega battery
FRANKFURT (Reuters) - Renault-Nissan is drawing up plans to build a 100 megawatt power storage plant in Europe, sources told Reuters, hoping to give electric car batteries a second life in a project that could eventually compete with utility companies.
IKEA to try selling through third parties
STOCKHOLM (Reuters) - IKEA plans to test selling its products on websites other than its own, the head of brand and strategy owner Inter IKEA Group said on Wednesday, as the world's biggest home furnishing retailer targets more online customers.
Asia Pacific’s Most Innovative Universities - 2017
(Reuters) - The news out of South Korea is dominated by political instability, but inside the country, strong and stable relationships between academia and industry continue to drive economic growth and technological innovation. That’s the conclusion of Reuters’ second annual ranking of ...
Kinnevik to sell remaining stake in Rocket Internet
BERLIN (Reuters) - Swedish investor Kinnevik said it is selling its remaining 6.6 percent stake in German ecommerce company Rocket Internet in an accelerated bookbuilding process.
Exclusive: Toshiba seeks chips buyer June 15, blasts bidder Western Digital
TOKYO (Reuters) - Japan's Toshiba Corp aims to name a winner for its prized semiconductor unit next week, people familiar with the matter said on Wednesday, even as the struggling conglomerate criticized the chip partner that is fighting to win the lucrative business.
Samsung to double mobile phone capacity at main Indian factory
MUMBAI (Reuters) - Samsung Electronics plans to double the production capacity for mobile phones and fridges at its main factory in India, expanding in a country where U.S. rival Apple Inc. has started assembling phones.
ShotSpotter's shares shoot up in debut
(Reuters) - Shares of gunshot-detection company ShotSpotter Inc , which is backed by walkie-talkie maker Motorola Solutions , rose as much as 21 percent in their market debut on Wednesday.
Exclusive: Loophole allows Uber to avoid UK tax, undercut rivals
LONDON (Reuters) - Car service Uber is using a gap in EU and UK tax rules to avoid incurring sales tax on the booking fees it charges drivers in Britain, a practice a senior politician said was unfair to competitors and defied the intent of the law.
Facebook launches features to connect U.S. users to elected officials
WASHINGTON (Reuters) - Facebook Inc announced a set of three new features on Wednesday intended to boost civic engagement among users in the United States on its platform by connecting them more easily with their elected representatives.
Blackberry introduces auto software, will bundle with Qualcomm chips
TORONTO (Reuters) - Blackberry Ltd. said on Wednesday it has developed new software for running complex computer systems on vehicles that will be bundled with semiconductors sold by Qualcomm Inc .
Delphi, Transdev to develop self-driving shuttle service in Europe
DETROIT (Reuters) - Delphi Automotive PLC will partner with Paris-based Transdev Group, a public transport service controlled by the French government, to develop an automated on-demand shuttle service in Europe, the companies said on Wednesday.
Illumio raises $125 million as cyber security firm targets sales growth
(Reuters) - Cyber security firm Illumio said on Wednesday that it has raised $125 million in a funding round led by J.P. Morgan Asset Management that will help finance product development and international expansion as the unprofitable, privately-held company looks to increase sales.
Sony's PlayStation VR headset sales top one million units
TOKYO (Reuters) - Sony Corp has sold more than one million units of its virtual reality (VR) headset globally, the Asia chief of the Japanese firm's gaming unit said on Wednesday, as a relatively low price helps push the product into an early lead.
Toshiba asks Western Digital again to drop challenge to Toshiba's chip business sale
TOKYO (Reuters) - Toshiba Corp on Wednesday asked Western Digital Corp once again to stop challenging the Japanese conglomerate's plans to sell its chip business.
Exclusive: Apple makes iPhone screen fixes easier as states mull repair laws
A broken Apple iPhone repaired by a third party service provider is seen at Apple's display repair laboratory in Sunnyvale, California, U.S., May 19, 2017. REUTERS/Stephen Lam
Japan Display considers deeper restructuring, seeks more funding: Nikkei
TOKYO (Reuters) - Japan Display Inc is considering deeper restructuring than first planned and has asked a state-backed fund for help after losing business with Apple Inc due to its late entry into OLED technology, the Nikkei business daily reported.