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Updated: 29 min 25 sec ago

Goldman Sachs backs U.S. construction finance tech startup Rabbet

Wed, 02/20/2019 - 18:16
Goldman Sachs Group Inc has backed Rabbet, a U.S. startup that develops software to help make construction finance more efficient, the companies said on Wednesday.

U.S. ambassador to Italy visits Telecom Italia headquarters

Wed, 02/20/2019 - 18:07
The U.S. ambassador to Italy, Lewis Eisenberg, visited the Rome headquarters of Italian phone group Telecom Italia on Wednesday, a Reuters witness said.

Vodafone connects 5G smartphones to its network for first time

Wed, 02/20/2019 - 17:55
Mobile phone group Vodafone has conducted a successful trial connecting next-generation 5G smartphones to its network for the first time as it prepares to launch 5G in some European cities later this year, it said on Wednesday.

Israel's Wix.com fourth-quarter profit up, sees 25 revenue growth in 2019

Wed, 02/20/2019 - 17:10
Wix.com, which helps small businesses build and operate websites, posted higher-than-expected fourth-quarter profit and forecast a 25 percent rise in revenue in 2019.

Tencent to maintain aggressive investment stance in face of challenging 2019

Wed, 02/20/2019 - 16:55
Tencent Holdings Ltd said investment is central to its overall strategy and so it will maintain its scale of investment after an aggressive 2018, brushing aside near-term risks such as the bursting of China's tech bubble as economic growth slows.

Microsoft says discovers hacking targeting democratic institutions in Europe

Wed, 02/20/2019 - 16:20
Microsoft Corp on Wednesday said it had discovered hacking targeting democratic institutions, think tanks and non-profit organizations in Europe and plans to offer a cyber security service to several countries to close security gaps.

India's top court finds Anil Ambani guilty of contempt in RCom-Ericsson case

Wed, 02/20/2019 - 14:59
India's Supreme Court on Wednesday found Anil Ambani, chairman of debt-laden Reliance Communications (RCom), guilty of contempt of court for wilfully failing to pay 5.5 billion rupees ($77.29 million) to telecom equipment maker Ericsson.

SAP to launch hiring program in March: report

Wed, 02/20/2019 - 14:28
German software maker SAP will be launching a hiring initiative in March despite slowing growth in recent months and a new restructuring program, as staff acquisition is a long-term process, its personnel chief said in an interview.

Tencent says 2018 was best year for investments, looks for more

Wed, 02/20/2019 - 14:05
China's Tencent Holdings has provided a detailed review of its investment performance for the first time, saying 2018 was its best year and vowing to look for more opportunities despite a challenging outlook and concerns it is losing focus.

Microsoft expands political security service to 12 European countries

Wed, 02/20/2019 - 13:05
Microsoft Corp on Wednesday said it will offer its cyber security service AccountGuard to 12 new markets in Europe including Germany, France and Spain, to close security gaps and protect customers in political space from hacking.

Exclusive: China regulator stops accepting new video game applications to clear backlog - sources

Wed, 02/20/2019 - 12:59
China's top content regulator has asked local authorities to stop submitting requests to monetize new video games, while it processes a backlog of applications built up after a lengthy pause last year, three people with knowledge of the matter said.

Tencent says it will not scale back on investments this year

Wed, 02/20/2019 - 12:47
China's Tencent Holdings will not scale back on investments this year after a record high of 16 companies it invested in launched IPOs last year, President Martin Lau said at a closed-door investor conference in Beijing.

India's top court finds Anil Ambani guilty on contempt in Ericsson case

Wed, 02/20/2019 - 12:42
India's Supreme Court said on Wednesday that Reliance Communications chairman Anil Ambani willfully did not pay 5.5 billion rupees to Swedish telecom equipment maker Ericsson, holding him guilty in a contempt of court case.

Qualcomm urges U.S. regulators to reverse course and ban some iPhones

Wed, 02/20/2019 - 09:16
Qualcomm Inc is urging U.S. trade regulators to reverse a judge's ruling and ban the import of some Apple Inc iPhones in a long-running patent fight between the two companies.

Exclusive: China regulator requests pause in new game applications to clear backlog - sources

Wed, 02/20/2019 - 09:03
China's top content regulator has asked local authorities to stop submitting requests to monetize new video games while it processes a backlog of applications built up after a lengthy pause last year, three people with knowledge of the matter said.

Tesla prepares to offer Model 3 leasing to boost demand: Electrek

Wed, 02/20/2019 - 08:31
Elon Musk's Tesla Inc is preparing to launch its leasing products for Model 3 to boost demand, news website Electrek said on Tuesday, citing an email sent to employees.

LendingClub forecasts bigger-than-expected first-quarter loss

Wed, 02/20/2019 - 05:18
Online lender LendingClub Corp forecast a bigger-than-expected first-quarter loss on Tuesday, and revenue that missed Wall Street estimates, sending its shares down 6 percent in after-market trading.

LendingClub fourth quarter loss narrows

Wed, 02/20/2019 - 04:21
Online lender LendingClub Corp reported a smaller quarterly loss on Tuesday, on the back of higher loan originations.

EU's Vestager says not precluding Facebook case in future

Wed, 02/20/2019 - 00:41
Facebook is not currently in EU regulators' crosshairs but it may well be in future because of the crucial role played by data, Europe's antitrust chief said on Tuesday.

Google to buy data migration company Alooma in cloud push

Wed, 02/20/2019 - 00:31
Alphabet Inc's Google said on Tuesday it will buy data migration company Alooma, as part of efforts to catch up with bigger cloud service rivals Amazon.com Inc and Microsoft Corp.

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