Amazon in talks to buy stake in India's Reliance Retail: ET

Amazon.com Inc is in exploratory talks with Reliance Industries Ltd-owned Reliance Retail for buying up to 26% stake in India's biggest brick-and-mortar retailer, the Economic Times (ET) reported https://economictimes.indiatimes.com/industry/services/retail/amazon-may-shop-for-stake-in-reliance-reta...

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Fitbit cuts 2019 revenue view, Versa Lite sales lag; shares tank

Wearable device maker Fitbit Inc cut its 2019 revenue forecast on Wednesday, blaming disappointing sales of its newly launched cheapest smartwatch Versa Lite, sending its shares tumbling as much as 16% to a record low.

Cisco whistleblower gets first False Claims payout over cybersecurity

Cisco Systems Inc has agreed to settle a whistleblower’s claim that it improperly sold video surveillance software with known vulnerabilities to U.S. federal and state governments, marking the first payout on a False Claims Act case brought over failure to meet cybersecurity standards.

Big broadcasters sue non-profit that streams TV channels for free

The four major U.S. television networks on Wednesday sued a non-profit group backed by AT&T Inc that streams TV channels over the internet for free without permission.

Critics question 'Five Eyes' push to expand spies' telecoms access

Former government officials and privacy campaigners are questioning demands by "Five Eyes" security ministers that high-tech communications systems should remain accessible to spies and official investigators.

Facebook defeats appeal in U.S. claiming it aided Hamas attacks in Israel

Facebook Inc on Wednesday defeated an appeal by American victims of Hamas attacks in Israel, who sought to hold the company liable for providing the group a social media platform to further its terroristic goals.

Explainer: What do you do after a data breach?

A hacker has stolen the personal information of over 100 million people from Capital One Financial Corp , the company said this week, in the latest high-profile breach of sensitive consumer data.

Synamedia sees pay TV driving growth for 3-4 years before IPO

(This July 30 has been refiled to correct spelling of DirecTV in first paragraph)

Italy's UniCredit says carrying out own probe in relation to Capital One data breach

Italy's biggest bank by assets UniCredit said on Wednesday it was carrying out its own investigation in relation to a major data breach at capital one Financial Corp.

WeWork hosts analysts before IPO; debt, lease obligations in focus

Wall Street banks are set to grill WeWork on its finances on Wednesday as it prepares to publicly sell stock for the first time, possibly in September, a sale that will create a benchmark for the rapidly expanding flexible office industry.

Facebook defeats appeal in U.S. claiming it aided Hamas attacks

Facebook Inc on Wednesday defeated an appeal by American victims of Hamas attacks in Israel, who sought to hold the company liable for providing the group a social media platform to further its goals.

Facebook approaches Netflix, Disney to support TV chat device: The Information

Facebook Inc has approached Netflix Inc, Walt Disney Co and other media companies about putting their streaming services on a new Facebook device for making video calls from televisions, The Information reported on Wednesday.

Amazon buys Israeli startup E8 Storage: source

Amazon has bought Israeli storage technology startup E8 Storage, a source familiar with the deal said on Wednesday.

UK watchdog warns of perils of unregulated cryptocurrencies

Britain's markets watchdog said on Wednesday that bitcoin and other cryptocurrencies have no intrinsic value and offer consumers few protections, but added that such coins fall outside the scope of its powers.

Avis enlists Israeli startup to turn rental car data into cash

Avis Budget Group Inc has enlisted an Israeli startup to help turn data from its car rental fleet into cash, as more auto industry players look to tap a potential $750 billion market for vehicle information.

Apple woos investors with China gain, market value nears $1 trillion

Shares of Apple Inc rose 4.2% on Wednesday, after the company calmed Wall Street nerves with an improvement in sales in China and as several brokerages predicted a boost from its services business and the launch of new iPhones in the second half of 2019.

Amazon to buy Israeli startup E8 storage: media

E-commerce giant Amazon has agreed to buy Israeli storage technology startup E8 Storage, Israeli financial media reported on Wednesday.

Spotify revenue beats but adds fewer-than-expected paid subscribers

Spotify Technology SA reported better-than-expected second-quarter revenue on Wednesday, but added fewer paid subscribers than estimated, sending its shares down 2.2% in trading before the bell.

Panasonic first-quarter profit nearly halves on China, Tesla woes

Panasonic Corp reported its first-quarter operating profit nearly halved, as Sino-U.S. trade tensions dampened demand for its components business in China and the battery business with Tesla Inc remained in the red.

Israeli software firm Lightricks raises $135 million at $1 billion valuation

Israeli software company Lightricks, the creator of several photo and video editing apps, said on Wednesday it has raised $135 million in financing at a $1 billion valuation.

Spotify reports bigger-than-expected loss, paid subscribers disappoint

Spotify Technology SA on Wednesday posted bigger-than-expected quarterly losses as it added fewer paid subscribers than estimated.

Tencent-backed China firm, Russia's Mail.ru to tie up for gaming growth: sources

Tencent-backed Chinese video game publisher iDreamSky Technology Holdings and Russian tech firm Mail.ru Group are forming an alliance, in a move that will help Mail.ru expand its gaming footprint in China, two sources said.

Spotify revenue beats on higher subscriber addition

Spotify Technology SA on Wednesday reported better-than-expected second-quarter revenue as the music streaming company added more paid subscribers to its premium service.

Getting under the hood of Amazon’s auto ambitions

Amazon.com Inc is expanding its transportation prowess to do virtually everything short of building a car.

UK markets watchdog: cryptoassets have 'no intrinsic value'

People should be cautious about putting money into unregulated cryptoassets like bitcoin that have "no intrinsic value" and few protections, Britain's Financial Conduct Authority said on Wednesday.

Panasonic posts bigger than expected 44% slump in first-quarter profit

Japan's Panasonic Corp reported on Wednesday a sharper than expected 44% plunge in first-quarter operating profit, as Sino-U.S. trade tensions dampened demand for its auto components and factory equipment in China.

Samsung says Japanese curbs cloud outlook as profit halves, shares fall

Samsung Electronics warned on Wednesday that Japanese curbs on the export of chip-making materials was blurring its outlook and said it would delay a plan to return money to shareholders due to "significant new challenges."

Facebook fact-checker says company must share more data to fight misinformation

One of Facebook's third-party fact-checking partners on Tuesday said the company needed to share more data with fact-checkers to better curb misinformation.

Samsung Electronics looks to chip recovery as second-quarter profit falls 56%

Samsung Electronics Co Ltd posted a 56% drop in second-quarter operating profit on Wednesday, hit by declines in memory chip prices amid oversupply.

Apple's services, wearables shore up results as iPhone drops below half of sales

Apple Inc iPhone sales dropped to less than half of quarterly revenue for the first time in seven years, but CEO Tim Cook on Tuesday described the change as successfully diversifying away from a single product and forecast results above Wall Street targets.