Technology
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Toyota invests in ride-hailing firm Grab, to install recorders in rental cars
[ad_1] TOKYO (Reuters) – Toyota Motor Corp on Wednesday announced it would invest in Grab and install its driving recorder devices in vehicles operated by the Singapore-based ride-hailing service, as the automaker expands further into…
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U.S. software coding school Galvanize to cut 11 percent of workforce
[ad_1] (Reuters) – Galvanize, a for-profit software coding school that has raised $63 million in venture funding, plans to lay off 11 percent of its workforce, the company said on Tuesday. The five-year-old startup said…
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Comcast builds out 'smart home' strategy as cable shrinks
[ad_1] NEW YORK (Reuters) – Comcast Corp may be best known as a cable company, but it is banking on remote-controlled door locks and cameras as well as other “smart-home” offerings to accelerate its growing…
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GE shifts strategy, financial targets for digital business after missteps
[ad_1] NEW YORK (Reuters) – General Electric Co wants its industrial software business to cut costs and lift profits next year under new chief executive John Flannery, and is considering expanded partnerships and the possible…
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Expedia's Khosrowshahi poised to take Uber CEO job: memo
[ad_1] (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…
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Danish court fines Uber drivers for illegal taxi driving
[ad_1] COPENHAGEN (Reuters) – Four Danish Uber drivers [UBER.UL] were on Monday found guilty of illegal taxi driving by a Copenhagen court, with one driver fined about $78,000. The four drivers were charged in March…
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Uber board votes to pick a new CEO
[ad_1] 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…
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Jeff Immelt says not pursuing Uber CEO job
[ad_1] (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…
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Food delivery creates tech headache for some U.S. restaurants
[ad_1] SAN FRANCISCO (Reuters) – Four tablets from various delivery companies crowd the front counter of Proposition Chicken in San Francisco, each calling out with its own ring when an order arrives. When there is…
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Philippines says will lift Uber suspension if hefty fine paid
[ad_1] MANILA (Reuters) – The Philippine transport regulator said on Friday it would lift a one-month suspension on Uber Technologies Inc [UBER.UL] if it paid a penalty of 190 million pesos ($3.7 million), a fine…
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Russian hackers feel the heat as Trump seeks warmer Moscow ties
[ad_1] MOSCOW/SAN FRANCISCO (Reuters) – When Alexander Vinnik was arrested on money-laundering charges at a Greek hotel in late July, the status of his Jabber secure online messaging account was set to “away”. “He often…
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Veritas Capital explores $2 billion sale, IPO of electronics component maker Excelitas: sources
[ad_1] 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…
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No reason to hive off $132 billion Tencent stake, Naspers chairman says
[ad_1] 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,…
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Senator questions quick approval of Amazon's Whole Foods purchase
[ad_1] WASHINGTON (Reuters) – A U.S. Democratic senator on Friday questioned the Federal Trade Commission’s quick approval of Amazon.com Inc’s purchase of Whole Foods Market Inc this week, less than three months after the $13.7…
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Samsung leader Jay Y. Lee given five-year jail sentence for bribery
[ad_1] SEOUL (Reuters) – The billionaire head of South Korea’s Samsung Group, Jay Y. Lee, was sentenced to five years in jail for bribery on Friday in a watershed for the country’s decades-long economic order…
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Uber battle escalates as investors try to intervene in Benchmark lawsuit
[ad_1] SAN FRANCISCO (Reuters) – A battle among shareholders over Uber Technologies Inc [UBER.UL] escalated on Thursday as some investors sought to fight a lawsuit by shareholder Benchmark Capital against ousted Chief Executive Travis Kalanick.…
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Canada regulators say most crypto currency offerings need oversight
[ad_1] 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…
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Western Digital group to offer $17.4 billion for Toshiba chip unit: sources
[ad_1] TOKYO (Reuters) – A consortium that includes Western Digital (WDC.O) is offering 1.9 trillion yen ($17.4 billion) for Toshiba Corp’s (6502.T) memory chip business, which the Japanese conglomerate is trying to sell to cover…
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Amazon deal for Whole Foods wins U.S. regulatory, shareholder approvals
[ad_1] WASHINGTON/SAN FRANCISCO (Reuters) – Amazon.com Inc (AMZN.O) on Wednesday cleared two of the biggest hurdles it needed to close its $13.7 billion acquisition of Whole Foods Market Inc (WFM.O), with approvals from a U.S.…
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Samsung seeks to bury fiery past with Galaxy Note 8 launch
[ad_1] SEOUL (Reuters) – Samsung Electronics Co Ltd set out to wipe the slate clean in New York on Wednesday with the new Galaxy Note 8 phablet, hoping features like dual rear cameras and its…
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True price of an Uber ride in question as investors assess firm's value
[ad_1] SAN FRANCISCO (Reuters) – What is the true cost of an Uber ride? That simple question is often lost among the many controversies facing the ride-services company as it tries to hire a new…
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Salesforce.com profit beats estimates, shares drop after hours
[ad_1] (Reuters) – Salesforce.com Inc posted a quarterly profit that narrowly beat analysts’ estimates as it invested heavily to fend off competition in the cloud-based software sector. Shares of the company fell 1 percent after…
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Verizon launches cheaper unlimited plan to compete with rivals
[ad_1] NEW YORK (Reuters) – Verizon Communications Inc said on Tuesday that it was introducing a cheaper unlimited mobile data plan with some limits as it tries to lure customers away from rival wireless carriers.…
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Ford, China's Zotye Auto plan JV to build electric vehicles
[ad_1] SHANGHAI (Reuters) – Ford Motor is exploring setting up a joint venture with Chinese firm Anhui Zotye Automobile Co to build electric passenger vehicles in China under a new brand, tapping into a boom…
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KuangChi says parent invests $600 million for 1.88 percent of Unicom
[ad_1] 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…
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Conservative Canadian site The Rebel disrupted as its loses domain provider
[ad_1] TORONTO (Reuters) – Conservative Canadian website The Rebel said its domain provider cut its internet registration, making the site inaccessible to some users around the world on Monday as the company scrambled to get…
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Formula One launches eSports world championship
[ad_1] 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…
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U.S. formally launches probe of China's intellectual property practices
[ad_1] 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…
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NuTonomy hopes for second-quarter 2018 launch of paid Singapore self-driving car rides
[ad_1] SAN FRANCISCO (Reuters) – U.S. self-driving car startup NuTonomy and southeast Asian ride services partner Grab hope to turn a test pilot in Singapore into a paid, commercial service as soon as the second…
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Delphi partners with Innoviz for self-driving technology
[ad_1] (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…