WASHINGTON (Reuters) - President Donald Trump's administration urged a federal judge on Thursday to block AT&T Inc's proposed $85 billion merger with Time Warner Inc, saying the deal would hand the company a "weapon" to harm competition and raise consumer prices.
Mexico's wholesale mobile network launches without major carriers
MEXICO CITY (Reuters) - Mexico's landmark wholesale national mobile network launched this week, but without a single major wireless carrier on board, renewing debate about how best to boost competition in the telecom sector dominated by billionaire Carlos Slim.
Investors, lawmakers, advertisers pressure Facebook over data
WASHINGTON/LONDON (Reuters) - Facebook Inc Chief Executive Mark Zuckerberg's apology for how his company handled 50 million users' data did little on Thursday to ease investor worries about the cost to fix mistakes and lawmakers' dismay that his response did not go far enough.
Federal services provider CSRA partners with Google Cloud
(Reuters) - CSRA Inc, the target of rival bids from General Dynamics and CACI International Inc, said on Thursday it had partnered with Alphabet Inc's Google Cloud.
U.S. carmaker Ford, India's Mahindra to develop SUVs, electric vehicle
NEW DELHI (Reuters) - U.S. carmaker Ford Motor Co and India's Mahindra & Mahindra have signed an agreement to develop midsize and compact sports utility vehicles (SUV) and an electric vehicle, the companies said in a joint statement on Thursday.
Japan to warn Hong Kong-based cryptocurrency exchange Binance: source
TOKYO (Reuters) - Japan's financial watchdog plans to issue a warning against Hong Kong-based cryptocurrency exchange Binance for operating in Japan without being registered, a person with the direct knowledge of the matter said on Thursday.
India's Mahindra, U.S. carmaker Ford to develop SUVs, electric vehicle
NEW DELHI (Reuters) - India's Mahindra & Mahindra and U.S. carmaker Ford Motor Co have signed an agreement to develop midsize and compact sports utility vehicles (SUV) and an electric vehicle, the companies said in a joint statement on Thursday.
Accenture trims profit margin forecast as spending grows; stock dives
(Reuters) - Consulting services firm Accenture Plc trimmed its yearly forecast for profit margins, driving its stock down 6 percent on Thursday and overshadowing quarterly results that comfortably topped Wall Street targets.
Survey: Americans Spent $1.4B on Credit Freeze Fees in Wake of Equifax Breach
Almost 20 percent of Americans froze their credit file with one or more of the big three credit bureaus in the wake of last year’s data breach at Equifax, costing consumers an estimated $1.4 billion, according to a new study. The findings come as lawmakers in Congress are debating legislation ...
BMW says electric car mass production not viable until 2020
FRANKFURT (Reuters) - BMW will not mass produce electric cars until 2020 because its current technology is not profitable enough to scale up for volume production, the chief executive said on Thursday.
Naspers to raise up to $11 billion by trimming Tencent stake
JOHANNESBURG (Reuters) - Naspers is cutting its stake in lucrative Chinese investment Tencent by as much as 2 percent in a deal that could net the South African media and e-commerce group up to $11 billion.
Self-driving car industry confronts trust issues after Uber crash
DETROIT (Reuters) - The fatal accident involving an Uber self-driving car cranks up pressure on the self-driving vehicle industry to prove its software and sensors are safe in the absence of strong government standards, experts in the field said.
Accenture's revenue, profit top estimates on digital services growth
(Reuters) - Accenture Plc's quarterly profit and revenue topped Wall Street targets, as the consulting and outsourcing services provider benefited from investments in digital and cloud services.
Accenture's revenue rises 15.2 percent
(Reuters) - Accenture Plc's quarterly revenue rose 15.2 percent as the consulting and outsourcing services provider continues to benefit from investments in digital and cloud services.
BMW delays electric car mass production until 2020 for cost reasons
FRANKFURT (Reuters) - BMW has held back the mass rollout of electric cars until 2020 because current fourth generation electric car technology is not profitable enough for volume production, Chief Executive Harald Krueger said.
Jaguar Land Rover vehicles to use BlackBerry software
(Reuters) - Luxury carmaker Jaguar Land Rover will use BlackBerry Ltd's infotainment and security software in its vehicles, the companies said on Thursday.
Future of TV in balance as AT&T, Time Warner plead merger case
WASHINGTON (Reuters) - Fans will be glued to the "March Madness" college basketball tournament as the joint owner of rights for the games, Time Warner Inc, goes before a judge on Thursday to defend a proposed takeover by AT&T Inc.
Telecom Italia open to network IPO once fully regulated: sources
ROME (Reuters) - Telecom Italia (TIM) is open to selling a stake in its soon-to-be-created network company and list the unit, but only once it becomes a fully regulated business to ensure stable returns, two sources with direct knowledge of the matter said.
Tech giants express concern over Singapore plan to fight fake news
SINGAPORE (Reuters) - Global tech giants including Facebook and Twitter on Thursday expressed concern about a possible Singapore plan to bring in a new law to tackle the threat of fake news, saying sufficient rules are already in place.
Best Buy cuts ties with China's Huawei: source
LAS VEGAS/HONG KONG (Reuters) - Best Buy Co Inc, the largest U.S. consumer electronics retailer, will cut ties with China's Huawei Technologies Co Ltd, a person familiar with the matter said, amid heightened scrutiny on Chinese tech firms in the United States.
BlackBerry to provide software for Jaguar Land Rover EVs
(Reuters) - BlackBerry Ltd and Tata Motors Ltd's Jaguar Land Rover (JLR) said on Thursday they reached a licensing agreement to use the Canadian company's software in the luxury car brand's next-generation electric vehicles.
China Mobile 2017 net profit up 5 percent on boost from 4G subscriber growth
HONG KONG (Reuters) - China Mobile, the world's biggest mobile phone operator by subscribers, on Thursday posted a 5 percent rise in annual net profit, fueled by growth in 4G subscribers.
Facebook scandal could push other tech companies to tighten data sharing
SAN FRANCISCO (Reuters) - Big internet companies and small software developers alike are likely to face scrutiny over how they share customer information in the wake of the scandal involving Facebook Inc and the British election consulting firm Cambridge Analytica.
U.S. retailer Best Buy cuts ties with China's Huawei: source
LAS VEGAS/HONG KONG (Reuters) - Best Buy Co Inc, the largest U.S. consumer electronics retailer, will cut ties with China's Huawei Technologies Co Ltd [HWT.UL], a person familiar with the matter said, amid heightened scrutiny on Chinese tech firms in the United States.
Tencent shares slide after revenue miss and margin warning
HONG KONG (Reuters) - Shares of China's Tencent Holdings fell as much as 4.6 percent on Thursday after the internet giant's results announced a day earlier showed that revenue missed estimates and it warned that planned investments may hurt margins.
Best Buy ends relationship with China's Huawei
(Reuters) - Best Buy Co Inc, the largest U.S. consumer electronics retailer, will stop buying smartphones from Chinese telecom equipment maker Huawei, a source familiar with the matter told Reuters on Wednesday.
Chinese drone maker DJI seeking at least $500 million in pre-IPO funding: sources
HONG KONG (Reuters) - Chinese drone maker SZ DJI Technology Co Ltd is seeking at least $500 million at a valuation of about $15 billion ahead of a planned stock market debut, three people with knowledge of the matter told Reuters.
Zuckerberg apologizes for Facebook mistakes with user data, vows curbs
SAN FRANCISCO (Reuters) - Facebook Inc Chief Executive Mark Zuckerberg apologized on Wednesday for mistakes his company made in how it handled data belonging to 50 million of its users and promised tougher steps to restrict developers' access to such information.
U.S. spending bill includes bid to solve international email privacy impasse
WASHINGTON (Reuters) - A federal spending bill released late on Wednesday included bipartisan legislation that would amend a decades-old privacy law to clarify that a U.S. warrant seeking data stored overseas is valid in certain circumstances.
Jaguar Land Rover to test self-driving valet parking on Britain's streets
LONDON (Reuters) - Britain's biggest carmaker Jaguar Land Rover (JLR) was showcasing self-driving valet technology on Britain's streets on Thursday which allows a car to find a space and park itself.