LJUBLJANA (Reuters) - Shares in Slovenian household appliances group Gorenje fell by 30 percent to 6 euros on Monday after Japan's Panasonic Corporation decided against a takeover of the company in which it holds a 10.74 percent stake.
Autonomous vehicle tech company AImotive positions itself for sale
SAN FRANCISCO (Reuters) - Hungarian autonomous vehicle technology start-up AImotive, which has changed its name from AdasWorks, said on Monday it had expanded to Silicon Valley, opening the door to becoming an acquisition target.
Siemens to buy Mentor Graphics in $4.5 billion deal
FRANKFURT (Reuters) - Siemens agreed to buy U.S.-based Mentor Graphics in a $4.5 billion all-cash deal that will further build the German engineering group's software capabilities.
Samsung Electronics agrees to buy Harman for $8 billion
SEOUL (Reuters) - Samsung Electronics said on Monday it had agreed to buy Harman International Industries for about $8 billion, a deal that enables the South Korean electronics giant to expand its presence in the automotive electronics market.
Japan self-driving venture ZMP gets approval to list next month
TOKYO (Reuters) - Japanese robotics startup ZMP Inc has received approval to list in Tokyo next month in an initial public offering worth up to $82 million, as it seeks funds to speed up its development of autonomous driving technology.
Volkswagen's Audi in talks with China's SAIC Motor on tie-up
BEIJING (Reuters) - Volkswagen's Audi premium brand is in talks with China's largest automaker, SAIC Motor, on a potential long-term collaboration, Audi said in a statement on Monday.
Bangladesh hopes to recover $30 million more from cyber heist
DHAKA (Reuters) - Bangladesh's central bank hopes to retrieve $30 million more of the $81 million stolen from its account at the New York Federal Reserve in February, two bank officials said on Monday.
BMW eyes 100,000 electric car sales in 2017: Sueddeutsche
BERLIN (Reuters) - BMW wants to boost sales of electric cars by two-thirds next year to 100,000 vehicles as the luxury automaker is offering more battery-powered models, Sueddeutsche Zeitung reported, citing Chief Executive Officer Harald Krueger.
Daimler boss tells German Greens he shares vision of zero-emission cars
BERLIN (Reuters) - The chairman of Germany's largest luxury carmaker, Daimler-Benz, braved boos and a frosty reception as guest speaker at a Greens party congress on Sunday to tell delegates he too wants CO2-free cars on the roads.
Dubai businessman Alabbar, Saudi SWF launch $1 billion e-commerce platform
DUBAI (Reuters) - Prominent Emirati businessman Mohamed Alabbar said on Sunday he had teamed up with Saudi Arabia's Public Investment Fund (PIF) and other private investors to launch a $1 billion Middle Eastern-focused e-commerce platform.
U.S. regulator has opened Audi investigation: Bild am Sonntag
BERLIN (Reuters) - A U.S. government regulator has started investigating Volkswagen's Audi brand over a reported discovery of a new cheat software device at the luxury carmaker, Bild am Sonntag reported, without citing the source of the information.
Exclusive: Koch Industries nears investment in Infor, in tech push - sources
(Reuters) - The private investment arm of Koch Industries, the industrial conglomerate of the billionaire Koch brothers, is nearing a deal to acquire a significant minority stake in Infor Inc that will value the business software company at roughly $10 billion, according to people familiar with the ...
Bangladesh retrieves a fifth of $81 million stolen in cyber heist
DHAKA (Reuters) - Bangladesh's central bank has retrieved just under a fifth of the $81 million that was stolen from its account at the New York Federal Reserve in February, a Bangladesh Bank official said on Saturday.
Consumer drone business stumbles, but commercial markets beckon
SAN FRANCISCO (Reuters) - The fledgling drone industry is in the throes of change as weak consumer demand and falling prices drive startups to shift their focus to specialized business applications.
Ex-Autonomy CFO indicted in U.S., accused of deceiving HP
(Reuters) - The former chief financial officer of British software company Autonomy has been indicted on U.S. charges of engaging in a fraudulent scheme to deceive investors and Hewlett Packard about his firm's performance before its sale in 2011.
Global industry groups voice opposition to China cyber security law
WASHINGTON (Reuters) - More than 40 international business and technology organizations representing hundreds of companies on Friday expressed “deep concerns” to the Chinese government about a new cyber security law they said would likely increase the separation between China and the res...
U.S. airlines face brief computer outage
(Reuters) - American Airlines Group Inc and Alaska Air Group Inc on Friday experienced a brief computer outage caused due to a technical issue at reservation vendor Sabre Corp.
Twitter outperforms on ads for BuzzFeed's election livestream
(Reuters) - Twitter said it was able to deliver more viewers than promised to advertisers on an election night livestream, good news for the microblogging site as it tries to ward off growing competition for ad dollars from Snapchat and Instagram.
Facebook to stop ethnicity-based targeting for some ads
(Reuters) - Facebook Inc said on Friday it would stop advertisers from using its ethnicity-based ad-targeting feature on some ads, following criticism that advertisers could misuse the tool.
Bondholders, Sawiris working on alternative plan for Brazil's Oi
SAO PAULO (Reuters) - Egyptian billionaire Naguib Sawiris and some creditors of Oi SA have renewed their ties and are working on a post-bankruptcy protection plan for the Brazilian phone carrier that could be ready within 30 days.
EU questions U.S. over Yahoo email scanning, amid privacy concerns
BRUSSELS (Reuters) - The European Commission has asked the United States about a secret court order Yahoo used to scan thousands of customer emails for possible terrorism links, following concerns that may have violated a new data transfer pact.
Tencent splurges with $220 million worth of shares in surprise birthday giveaway
HONG KONG (Reuters) - Chinese tech giant Tencent Holdings Ltd is giving its employees more than HK$1.7 billion ($220 million) worth of company shares to help celebrate its 18th anniversary.
Financial firms seek RegTech to cut regulatory chores, fight crime
HONG KONG (Reuters) - Financial services firms are increasingly turning to digital technology to meet onerous regulatory demands aimed at fighting financial fraud, creating a niche tech market that is estimated to grow to around $120 billion by 2020.
Japan Display in talks for $704 million bailout from INCJ: WSJ
(Reuters) - Japan Display Inc is in advanced talks to receive a bailout amount of about 75 billion yen ($704.49 million) from Innovation Network Corp of Japan (INCJ), a government-backed fund and the display maker's largest shareholder, the Wall Street Journal reported on Thursday.
Toshiba returns to second quarter operating profit on strong memory chip sales
TOKYO (Reuters) - Japanese conglomerate Toshiba Corp swung to an operating profit in the July-September quarter, driven by strong demand for NAND flash memory chips from Chinese smartphone makers.
Alibaba Singles' Day sales race past $5 billion in first hour
SHENZHEN, China (Reuters) - Chinese e-commerce giant Alibaba Group Holding Ltd said it racked up more than $5 billion in transactions in the first hour of its annual 'Singles' Day' sales blitz on Friday - a third more than in the first hour of last year's spree.
Judge orders Amazon refunds for children's in-app purchases
(Reuters) - A federal judge on Thursday directed Amazon.com Inc to set up a year-long process to reimburse parents whose children made in-app purchases without permission, but rejected a U.S. regulator's request for a $26.5 million lump-sum payout.
U.S. charges Florida man in case linked to JPMorgan hacking probe
NEW YORK (Reuters) - A Florida man is the latest individual to face criminal charges in connection with what U.S. prosecutors say was an illegal bitcoin exchange owned by an Israeli accused of being behind hacking attacks on companies including JPMorgan Chase & Co.
Loeb's Third Point takes share stake in Apple, Visa and Dell
NEW YORK (Reuters) - Dan Loeb's Third Point hedge fund took a new share stake in Apple Inc, Visa Inc and Dell Inc during the third quarter, according to regulatory filings late on Thursday.
Nvidia revenue soars 53.6 percent, powers past estimates
(Reuters) - Nvidia Corp reported a better-than-expected 53.6 percent surge in quarterly revenue, driven by strong demand for the company's graphics processing chips used in personal computers and data centers.