SAN FRANCISCO (Reuters) - Jefferies Group LLC has officially launched its expanded technology investment banking practice, with six new managing directors starting their new roles in San Francisco, according to a memo the bank sent out to clients this week.
SpaceX says accident probe will not slow space taxi effort
CAPE CANAVERAL, Fla. (Reuters) - SpaceX on Thursday said efforts to develop and certify a space taxi for NASA are not being slowed by an investigation into a launch pad fire that destroyed its rocket and a $200 million Israeli communications satellite.
Ransomware Getting More Targeted, Expensive
I shared a meal not long ago with a source who works at a financial services company. The subject of ransomware came up and he told me that a server in his company had recently been infected with a particularly nasty strain that spread to several systems before the outbreak was quarantined. He ...
Ransomware Getting More Targeted, Expensive
I shared a meal not long ago with a source who works at a financial services company. The subject of ransomware came up and he told me that a server in his company had recently been infected with a particularly nasty strain that spread to several systems before the outbreak was quarantined. He ...
Ransomware Getting More Targeted, Expensive
I shared a meal not long ago with a source who works at a financial services company. The subject of ransomware came up and he told me that a server in his company had recently been infected with a particularly nasty strain that spread to several systems before the outbreak was quarantined. He ...
Ransomware Getting More Targeted, Expensive
I shared a meal not long ago with a source who works at a financial services company. The subject of ransomware came up and he told me that a server in his company had recently been infected with a particularly nasty strain that spread to several systems before the outbreak was quarantined. He ...
Oracle's quarterly revenue rises 1.7 percent
(Reuters) - Oracle Corp reported a 1.7 percent rise in revenue as the business software maker benefits from its focus on cloud-based products.
U.S. consumer safety agency plans recall of Samsung Galaxy Note 7: source
(Reuters) - U.S. consumer safety agency plans a recall of Samsung Electronics Co Ltd's Galaxy Note 7, according to a person familiar with the plans.
Twitter abuzz as live-video test of Thursday Night Football nears
NEW YORK (Reuters) - Social media users were buzzing on Thursday as Twitter Inc prepared for its first broadcast of a National Football League game, a match up between the New York Jets and the Buffalo Bills, which tests Twitter's strategy of putting big games on small screens.
Adient CEO sees opportunity with interiors of self-driving cars, EVs
DETROIT (Reuters) - Self-driving cars and electric vehicles could provide important sources of new revenue for Adient, the $17-billion automotive seating and interiors business that is being spun out of Johnson Controls Inc, Adient's top executive said on Thursday.
Silicon Valley 3D printing startup gets $81 million in new funding
REDWOOD CITY, Calif. (Reuters) - Carbon, a Silicon Valley startup that is developing 3D printers to produce medical devices and car parts on demand, said on Thursday it had closed on $81 million in funding that brought the total it has raised to $222 million.
Baidu receives approval from California DMV to test self-driving cars
SAN FRANCISCO (Reuters) - China-based internet company Baidu has received a permit to test its self-driving cars in California from the state's Department of Motor Vehicles, as the race to introduce driverless automobiles accelerates.
Expedia picks banks for Trivago float: sources
FRANKFURT (Reuters) - Online travel firm Expedia has picked advisors for the planned stock market listing of its Trivago travel search site, sources familiar with the matter said.
Apple stock heads for best four days since 2014; short sellers flee
SAN FRANCISCO (Reuters) - Apple extended its Wall Street rally on Thursday, with enthusiasm over demand for its newest iPhone putting the stock on track for its strongest four-day streak in over two years and clobbering short sellers who bet against it.
Exclusive: Central banks seek global standards in wake of Bangladesh heist
NEW YORK/LONDON (Reuters) - The world's major central banks, stung by this year's $81-million heist in Bangladesh, have launched a task force to consider setting broad rules to protect the vast network of cross-border banking from cyber attacks, according to two sources with knowledge of the matter.
Obama administration targets corporate offshore tax avoidance
WASHINGTON (Reuters) - The Obama administration on Thursday took aim at the use of foreign tax credits by American multinational companies to reduce their U.S. tax bills, in an action that closely followed a European Union order that Apple Inc pay back taxes to Ireland.
Teva, Intel to develop wearables to monitor Huntington's disease
(Reuters) - Teva Pharmaceutical Industries Ltd said on Thursday it was collaborating with Intel Corp to develop a wearable device to monitor patients with Huntington's, a fatal degenerative disease.
Ripple raises $55 million in second funding round, adds several banks to network
NEW YORK (Reuters) - U.S.-based start-up Ripple, a provider of blockchain-based cross-border payments technology for banks, said on Thursday it has raised $55 million in a second round of funding.
Pandora launches new radio service 'Pandora Plus'
(Reuters) - Online radio service Pandora Media Inc launched "Pandora Plus", its new subscription service, on Thursday as it looks to gain market share amid stiff competition from Apple Inc, Spotify and Amazon.com Inc.
Toshiba, Engie UK nuclear group says wants clarity on government special stake proposal
LONDON (Reuters) - A British nuclear joint venture between Japan's Toshiba and France's Engie , NuGen, said it will work with the government to understand its proposal to hold a special share in future nuclear projects.
Toyota engineer aims to recharge sales for Prius plug-in
TOKYO (Reuters) - The chief engineer of Toyota Motor Corp's Prius gasoline hybrid cars said he would like to see the automaker sell 1 million units of the new plug-in version over its product life cycle, saying the vehicle is set to become its showpiece "eco" car in the next decade or so.
Indonesia to investigate Google for possible unpaid taxes
JAKARTA (Reuters) - Indonesia's tax office will investigate Alphabet Inc's Google for alleged unpaid taxes in Southeast Asia's largest economy, a senior finance ministry official said on Thursday.
Sony aims to extend VR content to films, no plans for smartphone-based headset
CHIBA (Reuters) - Sony Corp aims to extend content for its dedicated virtual-reality (VR) headset into non-gaming areas such as TV and film, and has no plans to join the burgeoning market for smartphone-based headsets, its gaming division chief said.
Apple says initial quantities of iPhone 7 Plus sold out
SAN FRANCISCO (Reuters) - Initial quantities of the iPhone 7 Plus have sold out globally as Apple Inc prepares to roll out its new gadget in stores, the company said Wednesday.
Labels release cut-rate music streaming service amid shift to flexible pricing
(Reuters) - Two major record labels are rolling out a low-priced music streaming service in the United Kingdom, a rare foray by record companies directly into the field and another sign the industry is finally moving toward more flexible pricing.
Japan report shows Apple, Google hinder app competition: Nikkei
(Reuters) - Apple Inc and Alphabet Inc's Google engage in practices that undermine competition in the smartphone app market, Nikkei said, citing a report by Japan's Ministry of Economy, Trade and Industry.
Mobileye says Tesla was 'pushing the envelope in terms of safety'
FRANKFURT/TEL AVIV (Reuters) - Mobileye broke ties with Tesla Motors because the Silicon Valley firm was “pushing the envelope in terms of safety” with the design of its Autopilot driver-assistance system, Mobileye’s chairman said on Wednesday.
U.S.-Israeli app testing firm Applause raises $35 million
TEL AVIV (Reuters) - U.S.-Israeli Applause said on Wednesday it has raised $35 million in a financing round led by Credit Suisse's Direct Equity Partners and Accenture, bringing its total funding to date to more than $115 million.
iPhone optimism blasts Apple stock to 2016 high
SAN FRANCISCO (Reuters) - Apple's stock hit a 2016 high on Wednesday, with its market value peaking above $600 billion for the first time since April as Wall Street bet the technology company's newest iPhone would help shore up falling sales.
Blocking Internet oversight transition a 'gift to Russia': Obama administration
WASHINGTON (Reuters) - Delaying or blocking a planned transition of oversight of the Internet's technical management from the U.S. to a global community of stakeholders would be a "gift to Russia" and other authoritarian regimes, a senior Obama administration official said Wednesday.