SAN FRANCISCO (Reuters) - Facebook is expanding its response to what it sees as malicious actors using the platform improperly and on Tuesday said it had deleted hundreds of Russian accounts and pages associated with a "troll factory" indicted by U.S. prosecutors for fake activist and political post...
Exclusive: CEO Zuckerberg says Facebook not planning to extend European privacy law globally
SAN FRANCISCO (Reuters) - Facebook Inc Chief Executive Mark Zuckerberg said on Tuesday that the social network had no immediate plans to apply a strict new European Union law on data privacy in its entirety to the rest of the world, as the company reels from a scandal over its handling of personal i...
Amazon finishes higher despite Trump's new threat on shipping rates
WASHINGTON (Reuters) - Amazon.com Inc's shares took another ride on the roller-coaster on Tuesday, falling as President Donald Trump repeated his unsubstantiated claim that deliveries for the world's biggest online retailer cost the U.S. Postal Service money, then rising on a report that the White H...
After attacks on Amazon, U.S. Chamber criticizes targeting American business
WASHINGTON (Reuters) - Following attacks by President Donald Trump on Amazon.com Inc , the U.S. Chamber of Commerce criticized attacks by government officials against American companies.
Microsoft calls for dismissal of U.S. Supreme Court privacy fight
WASHINGTON (Reuters) - Microsoft Corp on Tuesday backed the Justice Department's request that the U.S. Supreme Court dismiss a case pitting the two against each other over whether prosecutors can force technology companies to hand over data stored overseas after Congress passed a law that resolved t...
Spotify makes record-setting direct listing; shares jump, then slide
NEW YORK/SAN FRANCISCO (Reuters) - Spotify Technology SA on Tuesday completed the largest-ever direct listing, valuing the world's leading streaming music service at as much as $30 billion, but its shares stalled after an early spike.
In self-driving cars, human drivers and standards come up short: experts
(Reuters) - Autonomous cars should be required to meet standards on their ability to detect potential hazards and better ways are needed to keep their human drivers ready to assume control, U.S. auto safety and technology experts said after fatal crashes involving Uber Technologies Inc and Tesla Inc...
Apple discloses gender pay gap at UK operations
(Reuters) - Apple Inc said on Tuesday that men earned 5 percent more on average than women at its UK operations, although the median pay gap was 2 percent in favor of women.
Spotify's record-setting direct listing makes it a $30 billion company
LONDON/NEW YORK (Reuters) - Spotify Technology SA shares surged following the largest-ever direct listing on Tuesday, giving the world's leading streaming music service a market value of nearly $30 billion.
Amazon shares swing as Trump threatens higher shipping rates
WASHINGTON (Reuters) - Shares of Amazon.com Inc pared earlier gains on Tuesday after U.S. President Donald Trump repeated his unsubstantiated claim that deliveries for the world's biggest online retailer cost the U.S. Postal Service money and threatened to raise rates.
Spotify shares surge 26 percent after direct listing
LONDON/NEW YORK (Reuters) - Spotify Technology SA shares changed hands well above levels they had traded in private markets on Tuesday as the world's largest music streaming service launched a direct listing on the New York Stock Exchange.
Trump says U.S. subsidizes Amazon for shipping
WASHINGTON (Reuters) - President Donald Trump on Tuesday said the United States is subsidizing Amazon.com Inc and that the online retailer must pay more to ship its products through the nation's postal agency.
Price indications point to strong Spotify NYSE launch
LONDON/NEW YORK (Reuters) - Spotify Technology SA shares appeared on course for a strong debut on Tuesday, with opening indication ranges well above where the stock had been trading in its final days in private markets.
Spotify set for debut, could see volatile trade later
LONDON/NEW YORK (Reuters) - Streaming music leader Spotify Technology SA may face a rough ride in its trading debut on Tuesday, with the company's unusual direct listing coming the day after a steep technology selloff on Wall Street.
Amazon shares pare some gains as Trump attacks company again
WASHINGTON (Reuters) - Shares of online retail giant Amazon.com pared some gains after U.S. President Donald Trump on Tuesday repeated his attack on the company over the cost of its deliveries sent through the United States Postal Service.
Tesla says no need for capital raise as Model 3 output rises
(Reuters) - Tesla Inc quashed any speculation it might need to raise more capital this year on Tuesday, driving the company's battered shares higher as it announced it built 2,020 of its cheaper Model 3 sedans in the last seven days of March.
Tesla says produced 2,020 Model 3 sedans last week
(Reuters) - Tesla Inc said on Tuesday that it built 2,020 Model 3 sedans in the last seven days of March, would produce the same number next week and would see output climb rapidly through the second quarter.
Ford could make electric cars in Germany after 2023: Handelsblatt
FRANKFURT (Reuters) - Ford could make electric cars in Germany after 2023, when the life cycle of Ford's Fiesta model is due to end, the head of the carmaker's German business told a paper, adding he would welcome state subsidies to support the shift.
Philippine anti-trust agency starts review of Grab-Uber deal
MANILA (Reuters) - The Philippines' anti-trust agency on Tuesday started a review of Uber Technologies Inc's [UBER.UL] proposed sale of its money-losing Southeast Asian business to ride-hailing rival Grab, saying the deal could hurt competition.
Toshiba won't cancel $18 billion chip deal unless any major material change: CEO
TOKYO (Reuters) - Toshiba Corp will not use the option of cancelling the $18 billion sale of its memory chip unit unless there is any "major material change" in circumstances, the Japanese conglomerate's new chief executive said on Tuesday.
Spotify CEO warns of 'ups and downs' ahead of Wall Street listing
LONDON/NEW YORK (Reuters) - Streaming music leader Spotify appears to be bracing for a potentially rough stock market ride on its first day of trading on Tuesday, following Monday's sell-off of technology stocks on Wall Street.
Philippines anti-trust regulator starts review of Grab-Uber deal
MANILA (Reuters) - The Philippines' anti-trust agency said on Tuesday it has started a review of Uber Technologies' deal to sell its Southeast Asian business to ride-hailing rival Grab.
Japanese online brokerage Monex mulls takeover of crypto exchange Coincheck
TOKYO (Reuters) - Japanese online brokerage firm Monex Group Inc said on Tuesday it was considering buying Coincheck Inc, the cryptocurrency exchange hit by a high-profile $530 million theft of digital money earlier this year.
Japan's Monex considering to buy cryptocurrency exchange Coincheck
TOKYO (Reuters) - Japanese online broker Monex Group Inc said on Tuesday it is considering buying Coincheck Inc, the local cryptocurrency exchange hit by a high-profile $530 million theft earlier this year.
China's Meituan to buy large stake in Mobike: Caixin
SHANGHAI/BEIJING (Reuters) - China's largest provider of on-demand online services, Meituan-Dianping, is buying a large stake in bike-sharing firm Mobike, business magazine Caixin reported on Tuesday citing unnamed sources.
Japan state-backed fund, others to sell nearly $3 billion of Renesas stock
TOKYO (Reuters) - Renesas Electronics Corp said on Tuesday a state-backed fund and other shareholders would reduce their stakes in the Japanese chip maker, in a sale worth up to 295 billion yen ($2.8 billion) based on the prior day's closing price.
Two Airbnb hosts fined in Singapore's first such case
SINGAPORE (Reuters) - A Singapore court fined two Airbnb hosts a total of S$60,000 ($45,800) each on Tuesday for unauthorized short-term letting in the first such case under the city-state's rules on short-term property rentals introduced last year.
Japan state-backed fund INCJ to sell part of stake in Renesas: NHK
TOKYO (Reuters) - A Japanese state-backed fund plans to sell part of its stake in Renesas Electronics Corp, giving the chipmaker more freedom to make acquisitions as it seeks to bolster its global competitiveness, public broadcaster NHK reported.
NYSE sets Spotify reference price at $132
(Reuters) - The New York Stock Exchange on Monday set the reference price for shares of music streaming service Spotify Technology SA at $132.
Asia's cryptocurrency arbitrage boom fizzles, but profits persist
SHANGHAI/SINGAPORE (Reuters) - When China closed its local cryptocurrency exchanges late last year, an underground ecosystem of bitcoin "mules" and peer-to-peer platforms sprung up to allow bitcoin trading to thrive, away from regulators' watchful eyes.