STOCKHOLM/LONDON (Reuters) - Investors are warming to beleaguered mobile network makers Ericsson and Nokia as they begin to recover ahead of a once-a-decade uplift from a new business cycle and an unexpected boost from a U.S. ban on exports to low-cost Chinese rival ZTE.
Lyft to offset emissions from rides with projects combating climate change
SAN FRANCISCO (Reuters) - Lyft Inc is launching a program on Thursday to offset emissions from the 1.4 million cars that drive for the U.S. ride-hailing service by investing in projects to reduce other sources of greenhouse gas, the company said.
U.S ban on sales to ZTE triggers patriotic rhetoric in China
HONG KONG (Reuters) - A U.S. ban on sales of American components to ZTE Corp has unleashed a patriotic backlash in China's cyberspace, highlighting the growing tension between the world's two largest economies.
Qualcomm concessions insufficient to clinch NXP deal: commerce ministry
BEIJING (Reuters) - U.S. chipmaker Qualcomm will have to do more to complete its proposed takeover of NXP Semiconductors , a commerce ministry spokesman said on Thursday.
Alibaba to invest $320 million in Thailand, as rivals boost presence
BANGKOK (Reuters) - Alibaba is investing $320 million in Thailand as the e-commerce giant aims to tap Chinese consumers' appetite for the Southeast nation's agricultural goods and for its tourism market amid growing competition from rivals.
Vivendi's chairman brushes off criticism over investment in Telecom Italia
PARIS (Reuters) - Vivendi's chairman and top investor Vincent Bollore brushed off criticism over the media group's investments in Telecom Italia (TIM) on Thursday.
Hedge fund Elliott steps up pressure on Vivendi over Telecom Italia
PARIS, LONDON (Reuters) - Activist investor Elliott Advisors lambasted Vivendi on Thursday after the French media group defended its strategy as the main shareholder of Telecom Italia (TIM).
China's ZTE removed chief compliance officer before U.S. sanction: source
HONG KONG (Reuters) - ZTE Corp's chief compliance and chief legal officer was removed from his posts more than a month before the Chinese telecom equipment maker was slapped with U.S. sanctions this week, a company source with direct knowledge of the situation told Reuters.
Hedge fund Elliott issues new attack on Vivendi over Telecom Italia
PARIS (Reuters) - Activist Elliott Advisors issued on Thursday a fresh attack on French media group Vivendi as the hedge fund's battle with Vivendi over Telecom Italia intensifies.
Uber picks VMware's Zane Rowe as CFO: Bloomberg
(Reuters) - Uber Technologies Inc [UBER.UL] has picked VMware Inc's Zane Rowe as the top candidate for chief financial officer to lead preparations for the ride-hailing company's initial public offering in 2019, Bloomberg reported on Wednesday.
Mexico's top court sides with America Movil, says Telmex can charge rivals
MEXICO CITY (Reuters) - America Movil's fixed-line unit Telmex said on Wednesday that the nation's supreme court has sided with it and ruled the firm should not be barred from charging rivals for calls to its network.
Flatpack fear no more? Robot assembles IKEA chair frame
SINGAPORE (Reuters) - Robots in Singapore have completed a task many humans dread - assembling flat-packed IKEA furniture.
Exclusive: Facebook to put 1.5 billion users out of reach of new EU privacy law
SAN FRANCISCO (Reuters) - If a new European law restricting what companies can do with people's online data went into effect tomorrow, almost 1.9 billion Facebook Inc users around the world would be protected by it. The online social network is making changes that ensure the number will be much smal...
Qualcomm begins layoffs as part of cost cuts
(Reuters) - Qualcomm Inc has begun cutting jobs as part of its promise to investors to cut annual costs by $1 billion, the chipmaker said on Wednesday.
Mexico regulator fines America Movil $5.4 million in antitrust case
MEXICO CITY (Reuters) - Mexico's telecom regulator IFT said on Wednesday that it has fined billionaire Carlos Slim's flagship company America Movil and its mobile service unit Telcel 96.8 million pesos ($5.4 million) in an antitrust case.
Exclusive: Facebook to change user terms, limiting effect of EU privacy law
SAN FRANCISCO (Reuters) - If a new European law restricting what companies can do with people's online data went into effect tomorrow, almost 1.9 billion Facebook Inc users around the world would be protected by it. The online social network is making changes that ensure the number will be much smal...
Time Warner CEO says AT&T merger needed to compete with internet titans
WASHINGTON (Reuters) - Time Warner Chief Executive Jeff Bewkes on Wednesday defended his company's planned merger with telecoms firm AT&T as necessary to compete effectively for advertising with internet giants like Google and Facebook.
Amazon says it has more than 100 million Prime members
(Reuters) - Amazon Inc said on Wednesday it now has more than 100 million Amazon Prime members globally.
Qualcomm begins layoffs as part of cost cuts: Bloomberg
(Reuters) - Chipmaker Qualcomm Inc has begun cutting jobs as part of its promise to investors to cut costs by $1 billion, Bloomberg reported on Wednesday, citing people familiar with the matter.
Cryptocurrency funds down nearly 30 percent in March as slump persists: index
NEW YORK (Reuters) - Cryptocurrency funds were down 29.2 percent in March amid an ongoing slump caused by increased scrutiny from global regulators of the virtual assets, according to a new index launched by data provider BarclayHedge.
China's ZTE delays earnings amid confusion over U.S. ban
SAN FRANCISCO/NEW YORK (Reuters) - China's ZTE Corp on Wednesday postponed the release of quarterly earnings, saying it needs time to assess the impact of a U.S. order that bans American companies from selling it parts, which could undermine its ability to manufacture equipment.
'Hey Alexa, where's my delivery?' XPO Logistics unveils voice tracking
ATLANTA (Reuters) - XPO Logistics Inc, the largest provider of last-mile deliveries for heavy and bulky items in North America, unveiled on Wednesday voice-enabled delivery tracking through Amazon.com Inc's Echo or Alphabet Inc's Google Home speakers.
California agency probing Tesla on occupational safety
(Reuters) - A California agency said on Wednesday it has initiated an open inspection on Tesla Inc for occupational safety but did not disclose further details.
EU antitrust chief says investigation of Google's Android, AdSense is advancing
STRASBOURG (Reuters) - Investigations into how Google may be using its Android smartphone operating system and its AdSense advertising service to thwart rivals are advancing, Europe's antitrust chief said on Wednesday, amid concern about the lengthy proceedings.
California's occupational safety agency starts probe on Tesla
(Reuters) - A California agency for occupational safety said on Wednesday it has initiated an open inspection on Tesla Inc but did not disclose the details of the probe.
Time Warner CEO says merger with AT&T needed to compete with internet titans
WASHINGTON (Reuters) - Time Warner Chief Executive Jeff Bewkes on Wednesday defended his company's planned merger with AT&T as necessary to compete effectively for advertising with internet giants like Google and Facebook.
Netflix plans $1 billion European investment drive: Financial Times
(Reuters) - Netflix Inc will raise its investment in content across Europe and plans to spend about $1 billion on original productions this year, the Financial Times reported on Wednesday, citing people briefed on the plans.
Amazon launches new app feature targeting international shoppers
(Reuters) - Amazon.com Inc announced a new feature within its Amazon shopping app to cater to international customers shopping for U.S. goods, targeting Brazil, China, Germany and Spanish-speaking markets.
Zuckerberg under pressure to face EU lawmakers over data scandal
STRASBOURG (Reuters) - Facebook Inc's Chief Executive Mark Zuckerberg came under pressure from EU lawmakers on Wednesday to come to Europe and shed light on the data breach involving Cambridge Analytica that affected nearly three million Europeans.
Alleged 'robocall' mastermind denies wrongdoing before U.S. Senate
WASHINGTON (Reuters) - A Florida man alleged to have made almost 100 million robocalls to trick consumers with “exclusive” vacation deals from well-known travel and hospitality companies on Wednesday denied wrongdoing before a U.S. Senate Committee.