(Reuters) - Snap Inc shares slumped 22 percent in premarket trading on Thursday after the owner of the wildly popular Snapchat app's user growth and revenue numbers failed to show that it was adequately dealing with rising competition from Facebook.
Verizon beats AT&T to buy spectrum holder Straight Path
(Reuters) - Verizon Communications Inc , the No.1 U.S. wireless carrier, is buying wireless spectrum holder Straight Path Communications Inc for an enterprise value of about $3.1 billion, ending a bidding war with rival AT&T .
German cyber agency chides Yahoo for not helping hacking probe
BERLIN (Reuters) - Germany's federal cyber agency said on Thursday that Yahoo Inc had not cooperated with its investigation into a series of hacks that compromised more than one billion of the U.S. company's email users between 2013 and 2016.
Russia restores access to Chinese social media app WeChat
MOSCOW (Reuters) - Russia has restored access to Chinese social media app WeChat, developed by Tencent Holdings, Russia's communications watchdog said on Thursday.
India's Snapdeal founders, Nexus reach deal with SoftBank for sale to Flipkart: TV
(Reuters) - Founders of Indian online marketplace Snapdeal and one of its early investors, Nexus, have reached an agreement with SoftBank Group that would allow the Japanese firm to move ahead with its plan to sell Snapdeal to bigger rival Flipkart, ET Now reported, citing sources.
Panasonic expects auto focus to boost annual profit by 21 percent
TOKYO (Reuters) - Panasonic Corp said on Thursday it expects operating profit to rise by one-fifth year-on-year this financial year as investments in advanced automotive parts begin to pay off.
EU top court adviser says Uber is transport service, may needs licenses
LUXEMBOURG (Reuters) - Ride-hailing app Uber is providing transportation services, an adviser to the top European Union court said on Thursday, dealing a blow to the U.S. start-up which has argued it is merely a digital enabler.
Uber says to partner with taxis in Myanmar expansion drive
YANGON (Reuters) - Uber Technologies Inc [UBER.UL] is only hiring government-accredited taxi drivers in Myanmar, a regional executive said, a move that allows it to avoid the legal hurdles that have dogged it across Asia in one of the region's last frontier markets.
Apple supplier AAC Technologies plunges after short-seller report
HONG KONG (Reuters) - The Hong Kong-listed shares of AAC Technologies, an acoustic component supplier for Apple Inc, plunged as much as 14 percent on Thursday, after research firm Gotham City accused it of "dubious accounting" practices.
India's HCL Technologies fourth-quarter consol profit jumps 28 percent, beats estimates
(Reuters) - HCL Technologies Ltd , India's fourth-biggest software services firm, reported a better-than-expected 28 percent rise in consolidated fourth-quarter profit, as it added more clients in the quarter and revenue from software services rose.
Samsung Electronics appoints new mobile marketing chief as part of reshuffle
SEOUL (Reuters) - Tech giant Samsung Electronics Co Ltd on Thursday named a new head of marketing for its mobile business as part of a long-delayed executive reshuffle.
China's tech money heads for Israel as U.S. welcome wanes
HONG KONG/TEL AVIV (Reuters) - Struggling to seal deals in the United States as regulatory scrutiny tightens, Chinese companies looking to invest in promising technology are finding a warmer welcome for their cash in Israel.
New York to allow self-driving vehicle testing: governor
NEW YORK (Reuters) - New York Governor Andrew Cuomo said on Wednesday that the state will allow testing of autonomous vehicles on public roads, potentially leaving perplexed New Yorkers wondering who to flip off when they jaywalk in front of a car without a driver.
Cyber attack pushes French news sites offline
PARIS (Reuters) - Several French news companies, including Le Monde and Le Figaro, said their websites went temporarily offline on Wednesday because a company that helps speed delivery of their content was hit by a cyber attack.
Portland, Oregon, authorizes subpoena over Uber software tool
PORTLAND, Ore. (Reuters) - The city of Portland, Oregon, on Wednesday directed its attorneys to issue a subpoena intended to force Uber Technologies Inc to disclose software that helped its drivers evade local transportation authorities.
Snap user growth slows, revenue misses in first report after IPO
(Reuters) - Snap Inc , the parent of popular disappearing-messaging app Snapchat, reported quarterly revenue that missed analysts' estimates and slowing user growth in its first results after its red-hot IPO, amid stiff competition from Facebook Inc .
Nvidia says Toyota will use its technology for self-driving cars
The logo of technology company Nvidia is seen at its headquarters in Santa Clara, California February 11, 2015. REUTERS/Robert Galbraith
BNY Mellon advances artificial intelligence tech across operations
NEW YORK (Reuters) - The Bank of New York Mellon Corp has developed and deployed automated computer programs, or more than 220 "bots", across its businesses over the past 15 months seeking more efficiency and lower costs, as the adoption of artificial intelligence technology in banking increases.
Tesla starts taking orders for solar roofs
A Tesla store is shown at a shopping mall in San Diego, California, U.S., April 28, 2017. REUTERS/Mike Blake
LVMH boosts digital profile with multiple brands website
PARIS (Reuters) - LVMH is launching a multi-brand e-commerce website inspired by its exclusive Parisian department store Le Bon Marche, as the world's biggest luxury goods group steps up the digital side of its business.
Facebook to play down links to websites with deceptive ads
The Facebook logo is displayed on their website in an illustration photo taken in Bordeaux, France, February 1, 2017. REUTERS/Regis Duvignau
Microsoft adds tools to flag bad content in Amazon, Google face-off
A sign marks the Microsoft office in Cambridge, Massachusetts, U.S. January 25, 2017. REUTERS/Brian Snyder
Snap's first earnings to shed light on battle with Facebook, Twitter
NEW YORK (Reuters) - Snap Inc has many similarities with archrivals Facebook Inc and Twitter Inc , but shareholders are eager to avoid one in particular when the social media company reports earnings on Wednesday for the first time since its initial public offering: a plunging stock price.
SSA.GOV To Require Stronger Authentication
The U.S. Social Security Administration will soon require Americans to use stronger authentication when accessing their accounts at ssa.gov. As part of the change, SSA will require all users to enter a username and password in addition to a one-time security code sent their email or phone. In t...
SSA.GOV To Require Stronger Authentication
The U.S. Social Security Administration will soon require Americans to use stronger authentication when accessing their accounts at ssa.gov. As part of the change, SSA will require all users to enter a username and password in addition to a one-time security code sent their email or phone. In t...
Lemonade sweetens U.S. insurance rollout plans with California license
(Reuters) - Lemonade Inc, a tech-driven insurance startup that promises renters and homeowners insurance in as little as 90 seconds and payment of claims in 3 minutes, has won approval from California regulators to sell policies in the state, the company said.
Falling costs, new revenues fuel Britain's big battery boom
LONDON (Reuters) - Britain is emerging as a hotbed for utility-scale battery development, with two of Europe's three biggest projects under way there and several companies joining a race that could shake up the energy market.
EU to tackle complaints over tech companies' unfair trading practices
BRUSSELS (Reuters) - The European Union executive is planning a law to deal with complaints about unfair practices by leading online players such as Apple and Google .
European Commission to launch competition probes in e-commerce sector
BRUSSELS (Reuters) - The European Commission said on Wednesday it would launch further investigations in the e-commerce sector after having discovered business practices that restrict competition.
Apple buys Finnish sleep tracking app maker Beddit
FILE PHOTO: A man uses his phone as he walks past an Apple store in Beijing, China on April 25, 2017. REUTERS/Thomas Peter/File Photo