Amazon.com Inc abruptly scrapped plans to build a major outpost in New York that could have created 25,000 jobs, blaming opposition from local leaders upset by the nearly $3 billion in incentives promised by state and city politicians.

Amazon.com Inc's decision on Thursday to scrap its proposal to locate a second headquarters in the Queens borough of New York City ignited a sea of dueling reactions on Twitter, with some calling it a victory for working people while others said it meant that fewer people would work.

Nvidia Corp on Thursday reported fourth-quarter profit above Wall Street estimates, sending its shares up 9 percent in extended trading.

Mexico's new government is trying to slash the cost of sending cash home for Mexican families living abroad and is hoping competition from fintechs will encourage banks and services like Western Union to reduce commissions and improve exchange rates.

Nvidia Corp forecast first-quarter revenue below Wall Street estimates on Thursday, as the chip designer struggles with slowing sales to data centers and weak demand for its gaming chips, especially in China.

Israeli networking software company DriveNets said on Thursday it raised $110 million in its first round of financing led by Bessemer Venture Partners and Israel's Pitango Growth, with the participation of several private investors.

Amazon.com Inc abruptly scrapped plans for a new headquarters in New York that could have created 25,000 jobs, blaming opposition from local leaders upset by the nearly $3 billion in incentives promised by state and city politicians.

Amazon.com Inc abruptly scrapped plans to build a headquarters in New York after opposition from local politicians and some of its would-be neighbors, the third most-valuable public U.S. company said on Thursday.

New York Mayor Bill de Blasio criticized Amazon.com Inc for walking away from a plan to establish a headquarters in the city in the face of political opposition, saying the company "threw away" an opportunity and failed to work with the community.

Amazon.com Inc will not move forward with plans to build a headquarters in New York after rising opposition from local politicians, the third most-valuable public U.S. company said in on Thursday.

A research group backed by Silicon Valley heavyweights on Thursday released a paper showing that technology that can generate realistic news stories from little more than a headline suggestion is poised to advance rapidly in the coming years.

Auto leasing and financing company Xcelerate said on Thursday it has launched the first U.S. third-party extended warranties for electric vehicles, including those of market leader Tesla Inc, filling a void for used vehicles that have so far lacked such coverage.

Amazon.com Inc said Thursday it will not move forward with plans to build a headquarters in New York after rising opposition from local politicians.

JPMorgan Chase & Co said on Thursday it plans to launch its own digital coins, called "JPM Coin", that customers will be able to use for instant transfer of payments over a blockchain network.

General Motors Co announced on Thursday that its brand of electric bicycles would be called "Ariv" and begin selling in Europe in the second quarter of 2019.

Chinese E-commerce giant Alibaba Group Holding Ltd is in talks with Germany's Metro about taking a stake in the German retailer's China operations, three sources told Reuters on Thursday.

Google, Amazon and other tech firms will have to tell companies how they rank their own or rival products on their platforms under new rules agreed by EU negotiators aimed at stopping unfair practices by online platforms and app stores.

Amazon has secured central London retail space for its checkout-free Amazon Go food stores concept, The Grocer reported, in what would be the company's first expansion of its automated convenience shops outside the United States.

Austria's competition authority has begun investigating whether Amazon is exploiting its market dominance in relation to other retailers that use its website as a marketplace, it said on Thursday.

Samsung Electronics expects a new range of smartphones it will launch in India in the first half of this year to generate sales of $4 billion in 2019, a senior company executive said on Thursday.

Austria's competition authority has initiated an investigation into whether Amazon is exploiting its market dominance in relation with other retailers that use its website as a marketplace, it said on Thursday.

Sequoia-backed Singaporean mobile services provider Circles.Life said on Thursday it plans to invest more than $250 million to roll out services in over five countries, including Taiwan and Australia, in the next 18 months.

China's Huawei will build two data centers in South Africa from March, it said, as part of plans to expand cloud services across Africa.

EU countries, the European Commission and EU lawmakers clinched a deal late Wednesday to curb the powers of companies such as Google and Apple Inc with new rules.

Ireland's Teckro, which makes software that allows physicians to take part in drug development trials from mobile devices, has won $25 million in financial backing from investors, as it hatches longer-term plans for a stock market listing.

Britain's Barclays said customers were experiencing problems logging into mobile, telephone and digital banking on Thursday, the latest in a string of such outages as banks upgrade their systems and push more customers online.

Apple Inc said Thursday that it will resume selling older iPhone models in its stores in Germany after they were banned last year, but only with chips from Qualcomm Inc, which is in a global legal battle against the Cupertino company.

Rovio Entertainment, the maker of the Angry Birds mobile games franchise, said it expected sales to grow this year, buoyed by new game launches and a movie release, after its fourth-quarter adjusted operating profit halved.

Jeff Leonard slides behind the wheel of his burgundy Hyundai Accord and heads to a nearby Walmart Inc store, where he picks up the package of groceries waiting for him.

Indonesian cryptocurrency traders are complaining that the government's new rules on futures trading, which require high minimum capital for traders, will hinder development of the young but growing market.