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Updated: 59 min 19 sec ago

UK needs to meet Facebook, Google competition with new rules: report

Wed, 03/13/2019 - 07:09
Britain needs to overhaul its competition rules to tackle the dominance of tech giants like Facebook, Google and Amazon, and increase consumer choice, a government review said on Wednesday.

Uber hires more IPO underwriters as it prepares to go public: sources

Wed, 03/13/2019 - 06:57
Ride-hailing startup Uber Technologies Inc has hired a string of investment banks to its syndicate of initial public offering underwriters, as it ramps up preparations for a stock market debut, people familiar with the matter said on Tuesday.

Elon Musk's defense of his Tesla tweet will get SEC response

Wed, 03/13/2019 - 04:02
The top U.S. securities regulator received permission from a federal judge on Tuesday to respond to Tesla Inc Chief Executive Elon Musk's arguments that his Twitter post about the electric vehicle maker’s production volume did not violate his recent fraud settlement.

Electric vehicle demand likely to drop if tax credit ends: U.S. official

Wed, 03/13/2019 - 02:58
Electric vehicle demand is likely to drop if the United States eliminates a tax credit worth up to $7,500 as President Donald Trump has proposed, a senior U.S. Transportation Department official said on Tuesday.

U.S. SEC wants to respond to Elon Musk's defense of Tesla tweet

Wed, 03/13/2019 - 02:42
The top U.S. securities regulator on Tuesday sought permission from a judge to respond to Tesla Inc Chief Executive Elon Musk's arguments that his Twitter post about the electric vehicle maker’s production volume did not violate his fraud settlement with the government.

U.S. SEC seeks permission to reply to Musk in Tesla case

Wed, 03/13/2019 - 02:06
The U.S. Securities and Exchange Commission on Tuesday asked a judge for permission to respond to arguments by Tesla Inc Chief Executive Elon Musk that his recent tweet about the electric vehicle maker’s production volume did not violate his fraud settlement with the regulator and that he cannot be held in contempt.

Xerox - yes, Xerox - leads 2019 gains in S&P tech index

Wed, 03/13/2019 - 02:00
** Xerox Corp is leading the S&P 500 information technology index so far in 2019, boasting a gain of 57.4 pct as the printer maker plans to restructure

Wirecard puts accounting manager on leave until probe ends: CEO

Wed, 03/13/2019 - 01:45
Wirecard has suspended an accounting employee in Singapore until an investigation into allegations of fraud and creative accounting is over, the company's chief executive told Reuters on Tuesday.

OECD seeing less corporate opposition to digital era tax revamp

Wed, 03/13/2019 - 01:30
A global effort to revamp international tax rules for the digital era is receiving less corporate push-back than past attempts, the OECD's head of tax policy said on Tuesday.

Uber to pay $20 million to settle long-running legal battle with drivers

Tue, 03/12/2019 - 23:06
Uber Technologies Inc has agreed to pay $20 million to settle a lawsuit brought by drivers nearly six years ago, according to court filings, resolving one of its many legal battles with drivers ahead of a hotly anticipated initial public offering this year.

U.S. sees unilateral taxes on web giants as 'discriminatory': Treasury official

Tue, 03/12/2019 - 22:32
The United States thinks a French plan for a tax specifically targeting digital companies would be discriminatory against its businesses, a senior U.S. Treasury official said on Tuesday.

Germany asserts independence after U.S. warning on Huawei

Tue, 03/12/2019 - 22:29
Germany will define its own security standards for a new 5G mobile network, Chancellor Angela Merkel said on Tuesday, after Washington said it would scale back data-sharing with Berlin if China's Huawei was allowed to participate.

Toyota, Japan space agency join forces to develop moon rover

Tue, 03/12/2019 - 21:30
Toyota Motor Corp, one of the world's largest automakers, and Japan's space agency said on Tuesday they had agreed to cooperate in developing a manned lunar rover that runs on fuel cell technologies.

Germany will set own security standards, Merkel says after U.S. warning on Huawei

Tue, 03/12/2019 - 21:11
Germany will define its own security standards for a new 5G mobile network, Chancellor Angela Merkel said on Tuesday, when asked about Washington's warning that it would scale back data-sharing with Berlin if China's Huawei was allowed to participate.

Merkel ally sees justified security concerns in Huawei case

Tue, 03/12/2019 - 21:10
Germany shares U.S. concerns about giving China's Huawei a role in a next-generation mobile network, but will make an independent decision on how to safeguard its security, the country's transatlantic policy coordinator said on Tuesday.

Verizon restores text service after East Coast outage

Tue, 03/12/2019 - 21:01
Verizon Communications Inc said on Tuesday it had fixed the issue that caused a widespread text outage on the East Coast of the United States for a few hours.

Huawei criticizes U.S. pressure on Berlin over 5G tech

Tue, 03/12/2019 - 20:45
China's Huawei on Tuesday criticized the United States for warning Berlin that it could scale back intelligence cooperation with Germany if it allows Huawei to participate in construction of a next-generation mobile network.

Huawei Italia CEO says no impact yet from U.S. dispute but clients concerned

Tue, 03/12/2019 - 19:16
The Italian arm of China's Huawei sees no impact yet in the country from an ongoing dispute with the United States, Chief Executive Thomas Miao said on Tuesday

Software firm Cloudflare raises $150 million

Tue, 03/12/2019 - 18:20
Cloudflare Inc, a U.S. startup whose software makes websites more secure and load faster, said on Tuesday it had raised $150 million in the latest funding round, led by global investment firm Franklin Templeton.

Vizio wants next-generation smart TVs to target ads to households

Tue, 03/12/2019 - 17:06
Smart TV manufacturer Vizio has formed a partnership with nine media and advertising companies to develop an industry standard that will allow smart TVs to target advertisements to specific households, the companies said Tuesday.

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