An Australian law firm has filed a class action against Uber Technologies Inc on behalf of thousands of taxi and chartered drivers in Australia, accusing the world's largest ride-hailing company of operating illegally and causing them financial harm.
Cognizant cuts 2019 forecasts on lower financial, healthcare demand
Cognizant Technology Solutions Corp on Thursday nearly halved its 2019 revenue expectations after missing first-quarter results, as the IT services and outsourcing company faces sluggish demand in its financial and healthcare businesses.
Microsoft rolls out new cloud services for AI and blockchain
Microsoft Corp on Thursday announced new tools for software makers aimed at making technologies such as artificial intelligence and blockchain easier for businesses to use.
Activision forecast miss clouds esports push, shares drop
Activision Blizzard Inc forecast second-quarter adjusted profit below estimates on Thursday, as the videogame maker puts more money into its franchises to battle competition from blockbuster games "Fortnite" and "Apex Legends".
Cognizant cuts full-year forecast on lower financial, healthcare demand
Cognizant Technology Solutions Corp cut its full-year revenue forecast and missed its first-quarter results on Thursday, due to lower demand in its financial services and healthcare business.
Facebook's potential settlement with FTC will likely include WhatsApp: WSJ
Facebook Inc's potential settlement with federal regulators over breaches of consumer data privacy is nearing completion, and will likely cover related services like its WhatsApp messenger, the Wall Street Journal reported on Thursday, citing people familiar with the matter.
Exclusive: U.S. seeks to challenge China's electric-vehicle supply chain dominance
A U.S. senator plans to introduce legislation on Thursday to streamline regulation and permitting requirements for the development of mines for lithium, graphite and other electric-vehicle supply chain minerals, part of a plan to offset China's dominance in the space.
GoDaddy quarterly profit falls short of estimates as costs still weigh
Web hosting company GoDaddy Inc reported first-quarter profit below Wall Street expectations on Thursday, weighed down by persistent rising costs and slower customer growth, sending its shares 6 percent lower in after-hours trading.
Videogame maker Activision's second-quarter forecast misses, shares fall
Activision Blizzard Inc forecast second-quarter profit below estimates on Thursday, as the videogame maker invests in its core franchises to counter intense competition from games such as "Fortnite" and "Apex Legends".
Cognizant quarterly revenue falls short of estimates, cuts full-year forecast
Cognizant Technology Solutions Corp's first-quarter profit and revenue fell short of analyst estimates and the IT services and outsourcing company cut its full-year revenue forecast, hit by lower demand from banking and insurance customers.
U.S. prosecutors seek to disqualify Huawei defense lawyer: filing
U.S. prosecutors on Thursday filed a motion to disqualify the lead defense lawyer for Huawei Technologies Co Ltd from the case against the Chinese company for alleged bank fraud and sanctions violations, according to a filing in U.S. District Court in Brooklyn, New York.
Verizon looking to sell Tumblr: WSJ
Verizon Communications Inc is seeking a buyer for its blogging website Tumblr, the Wall Street Journal reported on Thursday, citing people familiar with the matter.
Tesla ends 'Spartan diet,' seeks up to $2.3 billion from share, debt issues
Tesla Inc will raise up to $2.3 billion in new capital, renouncing what Elon Musk called a "Spartan diet" and easing Wall Street concerns about the money-losing company's ability to overcome a drop in sales and build new product lines.
Google spends hundreds of millions of dollars on content review: letter
Alphabet Inc's Google unit told a U.S. House panel it spends hundreds of millions of dollars annually on content review and said it manually reviewed more than 1 million suspected "terrorist videos" on YouTube in the first three months of 2019.
Exclusive: Tesla expects global shortage of electric vehicle battery minerals - sources
Tesla Inc expects global shortages of nickel, copper and other electric-vehicle battery minerals in the near future due to underinvestment in the mining sector, the company's head of minerals procurement told an industry conference on Thursday, according to two sources.
Quantcast latest tech company to face Irish privacy probe
U.S. digital advertising company Quantcast has became the latest technology firm to be investigated by Ireland's Data Protection Commissioner.
Global security officials to hammer out united 5G security approach
Global cooperation is key to ensuring the security of 5G networks, cyber security officials said on Thursday at a meeting in Prague aimed at hammering out how to combat threats as nations begin rolling out next-generation telecoms equipment.
Exclusive: U.S. seeks to tamp down China's electric-vehicle supply chain dominance
A U.S. senator plans to introduce legislation on Thursday to streamline regulation and permitting requirements for the development of mines for lithium, graphite and other electric-vehicle supply chain minerals, part of a plan to offset China's dominance in the space.
Exclusive: U.S. legislation aims to thwart China's electric-vehicle dominance
A U.S. senator plans to introduce legislation on Thursday to streamline regulation and permitting requirements for the development of mines for lithium, graphite and other electric-vehicle supply chain minerals, part of a plan to offset China's dominance in the space.
UK PM May under fire after Huawei leak sacking
Theresa May hoped firing her defense secretary over a leak would put her latest government scandal to rest. But it seems only to have unleashed yet another political storm for the British prime minister, with members of her own party questioning her judgment and opponents demanding the police be cal...
Tesla seeks up to $2.3 billion from share, debt issues
Tesla Inc launched issues of new shares and debt worth more than $2 billion on Thursday, with Chief Executive Officer Elon Musk pitching in $10 million as the electric carmaker gave in to Wall Street pressure to bolster its cash reserves.
Italy's Open Fiber signs network access deal with Fastweb
Italian broadband infrastructure group Open Fiber has signed a deal with phone group Fastweb to extend a network fiber access agreement to 80 Italian cities, the companies said on Thursday.
Austrian construction group Porr hit by cyber attack
Austrian construction company Porr detected a cyber attack on its communication infrastructure on Thursday and its telephone lines and emails were disrupted, the company said.
Tesla to raise $2 billion from share, debt issues
Tesla Inc said on Thursday it had filed with regulators to launch around $2 billion in fundraising through issues of new shares and debt, with Chief Executive Officer Elon Musk pitching in $10 million of his own money to buy shares.
Italy's Open Fiber to sign network access deal with Fastweb: source
Italian broadband infrastructure group Open Fiber is set to sign a commercial deal with phone group Fastweb to extend a network access agreement to 80 Italian cities, a source said on Thursday.
Tesla files for offering to raise capital
Tesla Inc filed for a mixed shelf offering for an undisclosed amount on Thursday, a week after Chief Executive Officer Elon Musk suggested a capital raise could be imminent.
UK investigated Huawei leak because it came from top intel briefing: UK PM spokesman
The British government needed to investigate the disclosure of secret information relating to Chinese telecoms company Huawei because it came from a classified intelligence briefing, the prime minister's spokesman said on Thursday.
50,000 companies exposed to hacks of 'business critical' SAP systems: researchers
Up to 50,000 companies running SAP software are at greater risk of being hacked after security researchers found new ways to exploit vulnerabilities of systems that haven't been properly protected and published the tools to do so online.
UK's Lidington: Huawei leak inquiry needed to ensure government integrity
The British government's inquiry into the disclosure of secret information relating to Chinese telecoms company Huawei was needed to ensure the integrity of the National Security Council, cabinet office minister David Lidington said on Thursday.
Government to answer urgent question on Huawei leak: Labour Party
A British government minister will be called to parliament on Thursday to answer a question on the findings of an inquiry into the disclosure of confidential information relating to Chinese telecoms company Huawei, the opposition Labour Party said.