TEMPE, Ariz. (Reuters) - The family of the woman killed by an Uber Technologies Inc [UBER.UL] self-driving vehicle in Arizona has reached a settlement with the ride services company, ending a potential legal battle over the first fatality caused by an autonomous vehicle.
FANG stocks' bite has U.S. fund managers looking for alternatives
NEW YORK (Reuters) - Fund managers have begun to ditch so-called FANG stocks that powered the U.S. stock market to record highs in January and are slowly rotating into commodity-related shares and other value stocks which typically outperform in late-cycle recoveries.
Facebook cuts ties to data brokers in blow to targeted ads
(Reuters) - Facebook Inc said on Wednesday it would end its partnerships with several large data brokers who help advertisers target people on the social network, a step that follows a scandal over how Facebook handles personal information.
HP Chief Operating Officer Jon Flaxman dies
(Reuters) - HP Inc said on Wednesday that Chief Operating Officer Jonathan Flaxman, 61, has died.
Boeing said detected limited intrusion of malware
(Reuters) - U.S. planemaker Boeing Co "detected a limited intrusion of malware" that affected "a small number of systems," and said certain media reports on the disruptions were "overstated and inaccurate," a company vice president said on Wednesday.
Tesla shareholder lawsuit against SolarCity deal set to proceed
(Reuters) - A class action lawsuit by Tesla Inc shareholders against the electric car maker's chief executive, Elon Musk, and the company's board over the SolarCity deal was set to proceed after a Delaware judge refused to dismiss it.
GameStop tops revenue estimates on robust Nintendo Switch sales
(Reuters) - GameStop Corp , the world's largest video game and gaming console retailer, reported revenue that beat analysts' estimates for the fourth straight quarter as sales of Nintendo Switch consoles remained strong.
GameStop reports 15 percent rise in revenue on Nintendo Switch demand
(Reuters) - GameStop Corp, the world's largest video game and gaming console retailer, reported a 15 percent rise in quarterly revenue on robust demand for the Nintendo Switch console.
Samsung, Fujitsu give Macron's AI plan a boost with Paris R&D hubs
PARIS (Reuters) - South Korean electronics giant Samsung will make France its third global research and development hub in artificial intelligence after Korea and the United States and hire about one hundred experts in Paris, the French president's office said on Wednesday.
Amazon shares fall after report Trump wants to curb its power
WASHINGTON (Reuters) - Amazon.com Inc shares fell as much as 7.4 percent on Wednesday, briefly wiping about $53.6 billion from its market value, after news website Axios reported that U.S. President Donald Trump is obsessed with the world's largest online retailer and wants to rein in its growing po...
Tesla shares dive again, stung by fatal crash, credit downgrade
NEW YORK (Reuters) - Tesla Inc shares fell sharply again on Wednesday, reeling from a credit downgrade of the electric car maker by Moody's Investors Service, federal probes of a fatal crash and concerns about Model 3 production.
BlackBerry beats profit estimates on higher margins
(Reuters) - BlackBerry Ltd reported a fourth-quarter profit on Wednesday that beat analysts' estimates and said it expects strong billings at its high-margin software and services business for the full year.
Facebook must give judge documents for U.S. tax probe of Irish unit
(Reuters) - A U.S. judge has ordered Facebook Inc to let her review documents it has refused to give the Internal Revenue Service as that agency probes whether the social media company used an Irish unit to slash billions of dollars from its tax bill.
EU antitrust chief turns to academics to help tackle tech challenges
BRUSSELS (Reuters) - Europe's antitrust chief Margrethe Vestager, who has taken on Google, Apple and Qualcomm in recent years, is looking to three academics to help her deal with anti-competitive practices in fast-moving technology markets.
Facebook tweaks privacy tools to ease discontent over data leak
(Reuters) - Facebook Inc has adjusted privacy settings to give users more control over their information in a few taps, it said on Wednesday, after an outcry over a whistleblower's allegations that members' data was used to sway the 2016 U.S. election.
Amazon sheds $53 billion in market value after report on Trump threat
(Reuters) - Amazon.com Inc shares fell as much as 7.4 percent on Wednesday, wiping about $53.6 billion from its market value after U.S. President Donald Trump reportedly indicated he wanted to rein in the U.S. technology and retail group.
Exclusive: Uber's Middle East rival Careem in talks on new funds - sources
DUBAI (Reuters) - Careem, Uber's main [UBER.UL] ride-hailing app rival in the Middle East, is in early talks to raise as much as $500 million in new funds from investors, sources told Reuters.
Amazon sheds $52 billion in market value after report on Trump threat
(Reuters) - Amazon.com Inc's shares fell as much as 7 percent on Wednesday, wiping out about $52 billion from the company's market value, after a report that U.S. President Donald Trump wants to go after the U.S. tech giant.
Tesla shares fall sharply for second straight day
NEW YORK (Reuters) - Tesla Inc shares fell more than 9 percent on Wednesday following a downgrade by Moody's Investors Service, a probe by the National Transportation Safety Board of a recent fatal crash and concerns about Model 3 production.
Facebook privacy debate is tip of the e-commerce iceberg, U.N. says
GENEVA (Reuters) - The scandal over data privacy that is causing a headache for Facebook Inc shows just one aspect of the huge task of preparing the world for e-commerce, the United Nations trade and development agency UNCTAD said on Wednesday.
Facing tech threat, Daimler, BMW to combine car-sharing businesses
FRANKFURT (Reuters) - Leading German luxury carmakers Daimler and BMW have joined forces to expand their businesses in new services such as car-sharing and electric vehicle charging to compete with Uber [UBER.UL] in the United States and Didi Chuxing in China.
Uber seen girding for battle with Ola in India ahead of IPO
NEW DELHI (Reuters) - Uber's decision to exit Southeast Asia, where it was bleeding money, should give the global ride-hailing giant more firepower to focus on India, where it's locked in a fierce battle with local rival, Ola, industry analysts say.
Exclusive: Mideast Uber rival Careem in talks to raise new funds-sources
DUBAI, (Reuters) - Middle East ride-hailing app Careem is in early talks to raise as much as $500 million in new funds from investors, sources told Reuters.
BlackBerry beats profit estimates, shares jump
(Reuters) - BlackBerry Ltd beat analysts' profit estimates for its fourth quarter, and said it expects strong billings at its high-margin software and services business for the full year, sending its U.S.-listed shares up 5 percent premarket.
Daimler, BMW to combine car-sharing businesses
FRANKFURT (Reuters) - German carmakers Daimler and BMW have joined forces to expand their businesses in new services such as car-sharing and electric vehicle charging, raising their full-year guidance to reflect the deal.
Facebook to change privacy controls in wake of data scandal
BRUSSELS (Reuters) - Facebook announced a series of changes on Wednesday to give users more control over their data, after a huge data scandal which has wiped more than $100 billion from its stock market value.
Daimler, BMW agree to combine ride-sharing businesses: source
FRANKFURT (Reuters) - German carmakers Daimler and BMW have agreed to combine their ride-sharing businesses Car2Go and DriveNow, a person familiar with the deal said.
Kazakhstan's central bank launches securities trading app
ALMATY (Reuters) - Kazakhstan's central bank has launched a blockchain-based mobile securities trading application which it hopes will allow locals to become more involved in the capital markets by simplifying access to it.
BlackBerry beats profit estimates as software business steadies
(Reuters) - Canada's BlackBerry Ltd beat adjusted profit estimates for the fourteenth straight quarter, helped by higher margins on software and services sales.
BlackBerry posts smaller loss
(Reuters) - Canada's BlackBerry Ltd reported a smaller quarterly loss on Wednesday, helped by higher margins from software and services sales.