The logo of Toshiba Corp is seen behind trees at its headquarters in Tokyo, Japan, November 6, 2015. Reuters/Yuya Shino/File Photo Japan's public pension fund has sued Toshiba Corp for $10 million in damages related to the technology and industrial conglomerate's $1.3 billion accounting scandal, the...
Payments app Circle raises $60 million in China expansion
U.S.-based payments app Circle has raised $60 million from Chinese investors and launched a company in China, as it seeks to expand in the world's second-largest economy. The latest funding comes from existing investor and Beijing-based tech investment fund IDG Capital Partners, as well as Chinese f...
In Silicon Valley, Obama to keep hot-button tech issues off agenda
U.S. President Barack Obama points as he walks on the South Lawn of the White House upon his return to Washington, U.S., after visiting wounded service members the Walter Reed National Military Medical Center, June 21, 2016. Reuters/Yuri Gripas President Barack Obama will head to Silicon Valley on F...
U.S. SEC accuses U.K. man of hacking, fraudulent trades
The headquarters of the U.S. Securities and Exchange Commission (SEC) are seen in Washington, July 6, 2009. Reuters/Jim Bourg The U.S. Securities and Exchange Commission sued a U.K. man it said hacked into online brokerage accounts of several U.S. investors, placed unauthorized stock trades, and wit...
Rise of Darknet Stokes Fear of The Insider
With the proliferation of shadowy black markets on the so-called “darknet” — hidden crime bazaars that can only be accessed through special software that obscures one’s true location online — it has never been easier for disgruntled employees to harm thei...
Rise of Darknet Stokes Fear of The Insider
With the proliferation of shadowy black markets on the so-called “darknet” — hidden crime bazaars that can only be accessed through special software that obscures one’s true location online — it has never been easier for disgruntled employees to harm thei...
Okta hires Goldman Sachs to lead IPO or sale: sources
Okta's Todd McKinnon speaks during a question and answer session at the Tech Crunch Disrupt conference in San Francisco, California, September 11, 2012. Reuters/Beck Diefenbach Okta Inc, a U.S. cloud identity management company valued at $1.2 billion in its latest private fundraising round, has hire...
CarMax turns to online financing as used-car sales hit a bump
The sign of a CarMax dealership is pictured in Duarte, California March 28, 2014. CarMax, the largest U.S. used car retailer, is expected to report strong fourth-quarter results on April 4. Reuters/Mario Anzuoni CarMax Inc (KMX.N), the biggest U.S. used-car dealer, is banking on a new online financi...
BlackBerry top priority this year is making devices profitable: CEO
A Blackberry sign is seen in front of their offices on the day of their annual general meeting for shareholders in Waterloo, Canada in this June 23, 2015 file photo. Reuters/Mark Blinch/Files BlackBerry Ltd's top priority for this year is making its devices business profitable, its chief executive s...
Alibaba wins dismissal of lawsuit over pre-IPO regulatory warning
A sign of Alibaba Group is seen at CES (Consumer Electronics Show) Asia 2016 in Shanghai, China, May 12, 2016. Reuters/Aly Song Alibaba Group Holdings Ltd has won the dismissal of a U.S. lawsuit accusing China's largest e-commerce company of defrauding shareholders by concealing a regulator's warnin...
Kuka's robotics boss welcomes prospect of Chinese ownership
A robot arm of German industrial robot maker Kuka is pictured at the company's stand during the Hannover Fair in Hanover, Germany, April 25, 2016. Reuters/Wolfgang Rattay Chinese ownership should benefit Germany's Kuka, the German firm's robotics chief said, as the company and its shareholders mull ...
Senate likely to pass FBI spying bill after Orlando shooting
A man pays respect at a rainbow flower wall as part of the makeshift memorial for the Pulse nightclub mass shooting victims last week in Orlando, Florida, U.S., June 21, 2016. Reuters/Carlo Allegri The U.S. Senate on Wednesday is likely to pass a Republican-backed proposal to expand the Federal Bure...
Foxconn to close some of Sharp's overseas ops, hasten patents to market
Foxconn plans to close costly and redundant overseas operations of new acquisition Sharp Corp, and bring to market products using Sharp's valuable patents and technology as quickly as possible, said the chief of the world's largest electronics manufacturer. Terry Gou, who founded Taiwan's Hon Hai Pr...
Australia's ASX lifts stake in U.S. blockchain developer
Australian markets operator ASX Ltd said on Wednesday it was exercising an option to lift its stake in U.S. blockchain developer Digital Asset Holdings, stepping up its interest a technology that backers say can ease information tracking and reduce transaction settlement times. ASX said it would pay...
SoftBank names domestic telecom chief Miyauchi as president
Shop employees of SoftBank Corp work outside its branch in Tokyo, Japan, August 6, 2015. Reuters/Yuya Shino/File Photo SoftBank Group Corp (9984.T) said Wednesday that Ken Miyauchi, head of the group's Japanese telecommunications operations, would become president and chief operating officer to repl...
Twilio looks to brave Brexit jitters with U.S. IPO
Communications software provider Twilio Inc is expected to price its $140 million U.S. initial public offering on Wednesday, a rare technology stock market debut, one day before Britain holds a referendum on its European Union membership. Twilio's software is used by large companies such as car-hail...
SoftBank investors shrug off abrupt exit of heir apparent Arora
SoftBank Group investors shrugged off on Wednesday the surprise departure of the heir apparent at the Japanese internet and telecoms conglomerate, welcoming founder Masayoshi Son's decision to stay in the top seat for longer. Nikesh Arora, a former Google executive, joined Softbank in 2014 and was n...
China internet regulator to crack down on online comments
China's internet regulator has launched a new campaign to clean up the comments sections on websites to prevent the spread of what it calls harmful information and to encourage what it considers more helpful, well-intentioned comments to appear. The Chinese government already exercises widespread co...
Moscow explores Hyperloop commuter transportation system
Moscow on Tuesday signed an agreement with Los Angeles-based company Hyperloop One to explore building a futuristic, high-speed transportation system known as a Hyperloop in the Russian capital. A Hyperloop involves using magnets to levitate pods inside an airless tube, creating conditions in which ...
Samsung takes fight to Apple with mobile wallet strategy
Smartphone leader Samsung Electronics (005930.KS) has for years been a spectator as Apple (AAPL.O) built a services "ecosystem" supporting its products. But now, as the two develop the market for mobile payments, the Korean tech giant is taking the fight to its U.S. archrival. For Apple, offering us...
Tesla offers to buy solar panel maker SolarCity
A Tesla logo hang on a building outside of a Tesla dealership in New York, U.S., April 29, 2016. Reuters/Lucas Jackson Electric car maker Tesla Motors Inc (TSLA.O) said it had made an offer to acquire solar panel maker SolarCity Corp (SCTY.O) in an all-stock deal. Tesla said it offered $26.50-28.50 ...
Tesla rival Faraday approved to test self-driving cars on California roads
The Faraday Future FFZERO1 electric concept car is shown after an unveiling at a news conference in Las Vegas, Nevada January 4, 2016. Reuters/Steve Marcus Faraday Future plans to begin testing prototype self-driving electric vehicles on California roads later this year after winning approval from t...
Facebook signs deals with media firms, celebrities for Live: WSJ
A 3D plastic representation of the Facebook logo is seen in this illustration in Zenica, Bosnia and Herzegovina, May 13, 2015. Reuters/Dado Ruvic Facebook Inc has signed deals worth more than $50 million with media companies and celebrities to create videos for its live-streaming service, the Wall S...
Adobe third-quarter revenue forecast largely below Wall St. estimates
Adobe company logos are seen in this picture illustration taken in Vienna July 9, 2013. Reuters/Leonhard Foeger/File Photo Photoshop maker Adobe Systems Inc forecast third-quarter revenue largely below analysts' estimates, sending the company's shares down 4.5 percent after the bell on Tuesday. Adob...
Uber close to settling U.S. lawsuit over tips for drivers: filing
Ride service Uber is close to settling a class-action lawsuit over allegations it misled customers on how it shares gratuities with drivers, according to a court filing on Tuesday. Uber and attorneys for customers said in a joint filing that they intend to finalize a formal settlement in "approximat...
Uber and Lyft rivals rush to Texas capital after fingerprint fight
Campaign signs concerning a municipal vote over fingerprint requirements for ride-hailing companies such as Uber and Lyft are seen along a roadway in Austin, Texas, May 6, 2016. Reuters/Jon Herskovitz/File Photo About a half dozen ride-hailing firms have rushed into Texas tech hub Austin after marke...
U.S. unveils new rules on low-altitude drones
The Obama administration unveiled new rules Tuesday that will allow for low-level drone flights, but only within sight of an operator and not over people. Drones under the regulation must weigh less than 55 pounds (25 kg) and fly up to 400 feet (122 m) high and 100 miles per hour (161 km per hour), ...
Twitter allows users to share 140-second videos
A 3D-printed logo for Twitter is seen in this picture illustration made in Zenica, Bosnia and Herzegovina on January 26, 2016. Reuters/Dado Ruvic/Illustration Twitter, known for its 140-character limit on tweets, is now allowing users to post longer videos - of up to 140 seconds. The microblogging s...
Samsung Electronics says to invest $1.2 billion in U.S. for 'internet of things'
The company logo is displayed at the Samsung news conference at the Consumer Electronics Show (CES) in Las Vegas January 7, 2013. Reuters/Rick Wilking/File Photo - RTSGH9W Samsung Electronics Co Ltd (005930.KS), the world's top smartphone maker, said on Tuesday it plans to invest about $1.2 billion ...
Instagram's user base grows to more than 500 million
A screen displays the Instagram logo during a presentation in New York December 12, 2013. Reuters/Lucas Jackson Instagram now boasts more than 500 million users, more than 80 percent of whom are outside the United States, the company said on Tuesday, in a sign of the photo-sharing app's rapidly grow...