Technology
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Build fast, fix later: speed hurts quality at Tesla, some workers say
[ad_1] SAN FRANCISCO (Reuters) – After Tesla’s Model S sedans and Model X SUVs roll off the company’s Fremont, California assembly line, the electric vehicles usually make another stop – for repairs, nine current and…
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SoftBank says Benchmark, Menlo Ventures ready to sell some Uber stock
[ad_1] SAN FRANCISCO (Reuters) – A consortium led by SoftBank Group Corp (9984.T) on Tuesday launched its tender offer for shares of Uber Technologies Inc [UBER.UL] and the Japanese company said that some notable early…
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U.S. regulator grants bitFlyer a virtual currency license
[ad_1] NEW YORK (Reuters) – The New York Department of Financial Services (DFS) said on Tuesday it has granted a license to Tokyo-based bitFlyer, allowing the virtual currency exchange operator to launch in the United…
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Millions of insecure gadgets exposed in European cities: report
[ad_1] LONDON (Reuters) – A year after a wave of denial-of-service attacks knocked out major websites around the world, millions of unsecured printers, network gear and webcams remain undefended against attack across major European cities,…
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SoftBank offers to buy Uber shares at 30 percent discount
[ad_1] SAN FRANCISCO (Reuters) – Japan’s SoftBank Group Corp is offering to purchase shares of Uber Technologies Inc at a valuation of $48 billion, a 30 percent discount to its most recent valuation of $68.5…
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Siemens, Trimble, Moody's breached by Chinese hackers, U.S. charges
[ad_1] PITTSBURGH, Pa./NEW YORK (Reuters) – Three people affiliated with a Chinese cyber security firm hacked into the networks of Siemens AG, Trimble Inc and Moody’s Analytics to steal business secrets, U.S. prosecutors said on…
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Court halts Uber's trial program in Israel
[ad_1] TEL AVIV (Reuters) – A court in Israel ordered Uber on Monday to halt a trial program in the Tel Aviv area that the U.S. ride-hailing company had hoped would pave the way for…
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Shell and carmakers aim to go the distance with highway charging
[ad_1] LONDON (Reuters) – Royal Dutch Shell (RDSa.L) has partnered with top carmakers to deploy ultra-fast chargers on Europe’s highways, stealing a march on rivals in the race to remove one of the biggest obstacles…
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U.S. prosecutors' letter spurred orders in self-driving car lawsuit
[ad_1] SAN FRANCISCO (Reuters) – The judge overseeing a lawsuit between Uber Technologies Inc [UBER.UL] and Alphabet Inc’s (GOOGL.O) Waymo self-driving car unit issued a series of orders this week, prompted by information shared with…
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Uber to disclose price on SoftBank deal early next week: sources
[ad_1] SAN FRANCISCO/NEW YORK (Reuters) – Uber Technologies Inc [UBER.UL] plans to move ahead with a deal to bring in Japanese technology company SoftBank Group Corp (9984.T) as a major investor by disclosing the pricing…
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Brands pull YouTube ads over images of children
[ad_1] LONDON (Reuters) – Cadbury chocolates maker Mondelez, Lidl, Mars and other consumer goods marketers have pulled advertising from YouTube after The Times newspaper found the video sharing-site was showing clips of scantily clad children…
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New Nissan engine bids to extend life for internal combustion
[ad_1] BEIJING (Reuters) – Nissan Motor Co, an early mover in the electric vehicle market, will use the Los Angeles auto show next week to send a message about gasoline-fueled engines: They’re not dead yet.…
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Exclusive: Paddy Power Betfair, William Hill hold deal talks with CrownBet
[ad_1] LONDON/SYDNEY (Reuters) – Paddy Power Betfair and William Hill have separately held talks about a deal with Australia’s CrownBet as UK-focused gambling companies seek to expand overseas to offset tougher regulations in Britain. FILE…
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Uber seeks to appeal UK workers' rights decision at Supreme Court
[ad_1] LONDON (Reuters) – Uber submitted a request to appeal to the Supreme Court a decision by a British tribunal which said its drivers deserved workers’ rights such as the minimum wage, the taxi app…
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Danish supermarkets Bilka, Fotex hit by Black Friday cyber attacks
[ad_1] COPENHAGEN (Reuters) – Danish supermarket chains Bilka and Fotex said their websites had been taken down by cyber attacks at the launch of their Black Friday sales campaigns. The websites were hit by “malicious…
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Virtual reality boom brings giant robots, cyberpunk castles to China
[ad_1] GUIYANG, China (Reuters) – Giant robots and futuristic cyberpunk castles rise out of lush mountain slopes on the outskirts of Guiyang, the capital of one of China’s poorest provinces. Welcome to China’s first virtual…
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U.S. online sales surge, shoppers throng stores on Thanksgiving evening
[ad_1] (Reuters) – U.S. shoppers had splurged more than $1.52 billion online by Thanksgiving evening, and more bargain hunters turned up at stores this year after two weak holiday seasons as retailers opened their doors…
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U.S. judge orders Uber customer to arbitrate price-fixing claims
[ad_1] NEW YORK (Reuters) – A U.S. judge ruled that Uber can force an unhappy Connecticut customer’s price-fixing case against the ride-service company into arbitration, after the customer said the proposed class action belonged in…
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Lyft raises another $500 million in additional round of funding
[ad_1] (Reuters) – Uber rival Lyft Inc is raising an additional $500 million in funding, according to a U.S. share authorization document filed in Delaware news website Axios said. (bit.ly/2BhebbU) The additional funding round, led…
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Uber's messy data breach collides with launch of SoftBank deal
[ad_1] TORONTO/SAN FRANCISCO (Reuters) – A newspaper advertisement for an Uber Technologies Inc stock sale was juxtaposed on Wednesday with a report that the ride-service provider had covered up a data hack – something of…
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Exclusive: SAP investigating its sales practices in Gulf region
[ad_1] DUBAI/LONDON (Reuters) – German business software giant SAP (SAPG.DE), which last month said its South African sales commissions were being probed by U.S. regulators, has launched an investigation into its business practices in the…
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Apple scientists disclose self-driving car research
[ad_1] (Reuters) – Research by Apple Inc (AAPL.O) computer scientists on how self-driving cars can better spot cyclists and pedestrians while using fewer sensors has been posted online, in what appears to be the company’s…
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Amazon tells Australian retailers to prepare for orders from Thursday
[ad_1] SYDNEY (Reuters) – Amazon.com Inc has told its Australian sellers to be ready to take orders on Nov. 23, according to a retailer, the first time the global retail juggernaut has given a start…
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EU states resist move on digital tax for tech giants: drafts
[ad_1] BRUSSELS (Reuters) – Some European Union members are resisting EU plans to raise the tax bill of tech multinationals, EU draft documents seen by Reuters show, in moves that are likely to cause a…
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Phones for urns: Hong Kong turns to virtual reality to honor ancestors
[ad_1] HONG KONG (Reuters) – A lack of space for cemeteries in crowded Hong Kong clashes with the age-old Chinese tradition of reverence for one’s ancestors. But one entrepreneur uses virtual reality software to reconcile…
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SoftBank funding may spur Uber to re-think tough Southeast Asian market
[ad_1] SINGAPORE(Reuters) – SoftBank Group’s (9984.T) multi-billion dollar investment in Uber Technologies Inc opens up the possibility of combining it with other ride-hailing assets the Japanese group owns in a consolidation of a rapidly growing…
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Volvo Cars to supply Uber with up to 24,000 self-driving cars
[ad_1] STOCKHOLM/SAN FRANCISCO (Reuters) – Uber plans to buy up to 24,000 self-driving cars from Volvo, marking the transition of the U.S. firm from an app used to summon a taxi to the owner and…
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Toshiba gains breathing room with $5.4 billion share issue to overseas investors
[ad_1] TOKYO/HONG KONG (Reuters) – Toshiba Corp’s planned $5.4 billion new share issue to overseas investors is set to provide it with most of the funds it needs to avoid a delisting – a quickly…
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Marvell Technology clinches roughly $6 billion deal to buy Cavium: sources
[ad_1] (Reuters) – Chipmaker Marvell Technology Group Ltd (MRVL.O) has agreed to acquire smaller peer Cavium Inc (CAVM.O) for around $6 billion, as it seeks to expand in the networking equipment sector, people familiar with…
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Exclusive: Qualcomm set to win conditional Japanese antitrust okay for NXP deal – source
[ad_1] BRUSSELS (Reuters) – U.S. smartphone chipmaker Qualcomm is set to win “imminent” Japanese antitrust clearance for its $38-billion bid for NXP Semiconductors and gain Europe’s approval by the end of the year with slight…