Technology

(Reuters) – Expedia Inc Chief Executive Dara Khosrowshahi is poised to accept Uber Technologies Inc’s [UBER.UL] offer to become its new CEO, according to an internal memo sent to Expedia staff, putting him in charge of turning around the loss-making, scandal-ridden ride-services company. The Uber board of directors on Sunday chose Khosrowshahi as its next
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SAN FRANCISCO (Reuters) – The Uber Technologies Inc [UBER.UL] board of directors said on Sunday it had voted on its pick for a new chief executive officer, but declined to disclose its choice publicly until informing employees. The board met during the weekend to deliberate over the selection of a new chief executive to lead
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(Reuters) – Uber Technologies Inc’s [UBER.UL] field of candidates for a new chief executive officer narrowed further on Sunday when Jeff Immelt, chairman of General Electric Co, said he was no longer in the running for the top leadership position. Uber’s board of directors has been searching for a new CEO since June, when investors
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WASHINGTON (Reuters) – Veritas Capital, a New York-based private equity firm, is exploring the sale of electronics and optical sensor component maker Excelitas Technologies Corp in a deal that could fetch as much as $2 billion, several people familiar with the matter said. The firm has hired investment bank Goldman Sachs to pursue a so-called
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JOHANNESBURG (Reuters) – Naspers (NPNJn.J) chairman on Friday pushed back against investors urging a break up of the South African e-commerce and pay-tv giant, saying the move lacked long-term commercial merit. Founded in 1915, Naspers has transformed itself from an apartheid-era newspaper publisher into a $100 billion multinational with private equity-style investments in e-commerce platforms
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TORONTO (Reuters) – Canadian securities regulators on Thursday said many Canadian crypto currency offerings they have studied involve the sale of securities and should abide by tough existing rules unless otherwise granted exemptions. Crypto currencies such as bitcoin and a growing stream of alternatives allow anonymous peer-to-peer transactions without the need for banks or central
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HONG KONG (Reuters) – KuangChi Science Ltd said its parent has invested 4 billion yuan ($600.3 million) in a 1.88 percent stake in China United Network Communications Ltd, becoming one of its strategic investors under a mixed ownership reform plan. KuangChi Group-controlled KuangChi Connection Technology will cooperate with China United Network in areas including cloud
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LONDON (Reuters) – Formula One will crown its first virtual world champion at the season-ending Abu Dhabi Grand Prix after announcing on Monday the launch of an eSports series to run from September to November. The new eSports Series is a partnership with Formula One, game developer Codemasters and events and competitions specialists Gfinity. The
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WASHINGTON (Reuters) – The United States on Friday formally launched an investigation into China’s alleged theft of U.S. intellectual property, a widely expected move following a call from President Donald Trump earlier this week to determine whether a probe was needed. The probe is the administration’s first direct measure against Chinese trade practices, which the
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(Reuters) – Delphi Automotive Plc said on Friday it has partnered with laser-based sensor maker Innoviz Technologies to improve vehicle safety for self-driving cars, after making a minority investment in the Israel-based company. Innoviz’s LiDAR technology allows self-driving cars to identify objects at far distances, allowing them to travel at high speeds safely, Delphi said.
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