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Updated: 45 min 11 sec ago

Europe must build world's best batteries to save jobs: German minister

Fri, 03/22/2019 - 20:17
German Economy Minister Peter Altmaier said Europe was under pressure in the race to set up production of battery cells for electric cars in order to keep up with China or the U.S., Tagesspiegel newspaper reported on Friday.

Pinterest steps up planning for IPO, aims to list shares on NYSE in April: WSJ

Fri, 03/22/2019 - 19:53
Image-search company Pinterest Inc has sped up the timing of its initial public offering, as it looks to tap into a red-hot market for new issues, the Wall Street Journal reported, citing people familiar with the matter.

Nokia shares dive on potential Alcatel-Lucent compliance issues

Fri, 03/22/2019 - 18:45
Finnish network equipment maker Nokia said on Friday it was looking into transactions at its former French rival Alcatel-Lucent which it acquired in 2016, after reporting possible compliance issues at the unit to U.S. authorities.

Nokia reports compliance issues at Alcatel-Lucent business

Fri, 03/22/2019 - 18:24
Finnish network equipment maker Nokia said on Friday it was looking into transactions at its former French rival Alcatel-Lucent which it acquired in 2016, after reporting possible compliance issues at the unit to U.S. authorities.

German minister on Facebook password glitch: Didn't expect such frightening unprofessionalism

Fri, 03/22/2019 - 18:17
Germany's Justice Minister on Friday said she would hardly have expected such "frightening unprofessionalism" from Facebook after the company acknowledged a glitch that exposed passwords of millions of users to its employees.

China's Evergrande Health aims to build production capacity for up to 1 million EVs in 3 years

Fri, 03/22/2019 - 17:50
China's Evergrande Health said on Friday it aims to build production capacity for 500,000 to 1 million electric vehicles in three years.

Alibaba, Tencent, car makers set up $1.5 billion China ride-hailing venture

Fri, 03/22/2019 - 17:37
Alibaba, Tencent, Suning, and car makers including Chongqing Changan Automobile have set up a $1.5 billion Chinese ride-hailing venture, a move that could test the dominance of ride-sharing giant Didi Chuxing.

China's Evergrande Health aims to make up to 1 million electric cars in three years

Fri, 03/22/2019 - 16:52
China's Evergrande Health said on Friday it aims to produce 500,000 to 1 million electric vehicles in three years.

Apple's iPhone struggles unravel ambitions of Japan Display

Fri, 03/22/2019 - 13:09
When Japan Display Inc broke ground on a new factory in central Japan in 2015, the future looked bright for one of the world's top vendors of liquid crystal display (LCD) panels.

China's auto, internet giants set up 9.76 billion yuan fund to invest in ride-sharing industry

Fri, 03/22/2019 - 12:03
China's major automobile and internet companies, including Chongqing Changan Automobile, Alibaba and Tencent, are setting up a 9.76 billion yuan ($1.46 billion) joint venture to invest in ride-sharing industry, Chongqing Changan Automobile said on Friday.

Chinese smartphone firms jazz up products, seize turf in home market from Apple

Fri, 03/22/2019 - 11:25
Smartphone retailers in China say it's a tough sell of late with consumers reluctant to upgrade, put off by chill economic winds.

NYSE wins Uber, Pinterest listings: sources

Fri, 03/22/2019 - 07:11
Uber Technologies Inc and Pinterest, two of the highest profile internet companies planning to go public this year, have picked the New York Stock Exchange as the venue for their stock listings, according to sources familiar with the matter.

FDA says cybersecurity vulnerabilities found in some Medtronic devices

Fri, 03/22/2019 - 07:05
The U.S. Food and Drug Administration (FDA) on Thursday said cybersecurity vulnerabilities were identified in Medtronic Plc's implantable cardiac devices, clinic programmers, and home monitors.

New York Times CEO warns publishers ahead of Apple news launch

Fri, 03/22/2019 - 05:54
Apple Inc is expected to launch an ambitious new entertainment and paid digital news service on Monday, as the iPhone maker pushes back against streaming video leader Netflix Inc. But it likely will not feature the New York Times Co.

Trump announces pick for U.S. chief technology officer

Fri, 03/22/2019 - 05:43
U.S. President Donald Trump will nominate Michael Kratsios to be the country's chief technology officer, the White House said on Thursday, filling a role that had been vacant since the beginning of his administration.

GM to announce $300 million investment in Orion EV/AV plant

Fri, 03/22/2019 - 04:10
General Motors Co will announce on Friday plans to invest $300 million in a suburban Detroit plant that builds electric and self-driving vehicles for Chevrolet and the automaker's self-driving Cruise unit, two people familiar with the plans said on Thursday.

Nokia says it is not taking on new business in Iran

Fri, 03/22/2019 - 04:02
Finnish telecom equipment maker Nokia does not plan to take on any new business in Iran in 2019, it said in its annual report on Thursday, citing difficulties in dealing with conflicting U.S. and European trade policies.

GameStop names George Sherman as CEO

Fri, 03/22/2019 - 03:34
GameStop Corp, the world's largest video game retailer, on Thursday named George Sherman as chief executive officer and member of its board, effective April 15.

EU lawmakers to vote on copyright overhaul next Tuesday

Fri, 03/22/2019 - 02:03
EU lawmakers will vote next Tuesday on whether to endorse an overhaul of the bloc's two-decade old copyright rules as Google and internet activists stepped up their criticism of a requirement to install copyright filters.

Union fund adviser CtW questions Lyft's path to profitability ahead of IPO

Fri, 03/22/2019 - 01:03
Union pension fund adviser CtW Investment Group said on Thursday Lyft Inc "faces an all-but-insurmountable barrier" to profitability due to issues with the ride-hailing company's pricing strategy and new regulations driving costs higher.