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Updated: 56 min 24 sec ago

German antitrust watchdog to act against Facebook: report

Sun, 01/13/2019 - 22:23
Germany's antitrust watchdog plans to order Facebook to stop gathering some user data, a newspaper reported on Sunday.

SpaceX to lay off 10 percent of workforce

Sun, 01/13/2019 - 03:27
Elon Musk's rocket company SpaceX will reduce its workforce by about 10 percent of the company's more than 6,000 employees, it said on Friday.

India's online sellers to appeal against competition commission's Flipkart ruling

Sat, 01/12/2019 - 16:36
A group representing online sellers in India will appeal against the Competition Commision of India's (CCI's) ruling in favour of Walmart-owned Flipkart, the group's lawyer Chanakya Basa said in a release on Saturday.

SpaceX to layoff 10 percent of workforce

Sat, 01/12/2019 - 09:01
Elon Musk's rocket company SpaceX will reduce its workforce by about 10 percent of the company's more than 6,000 employees, it said on Friday.

Apple demanded $1 billion for chance to win iPhone: Qualcomm CEO

Sat, 01/12/2019 - 08:58
Qualcomm sought to become the sole supplier of modem chips for Apple's iPhone to recoup a $1-billion "incentive payment" that Apple insisted on, not to block rivals from the market, Qualcomm's chief executive testified on Friday.

SpaceX to lay off about 10 percent of its workforce: LA Times

Sat, 01/12/2019 - 07:10
Elon Musk's SpaceX will lay off about 10 percent of its more than 6,000 employees, the Los Angeles Times reported on Friday, citing an unnamed source.

Huawei Canada executive leaves post as scrutiny of company grows

Sat, 01/12/2019 - 05:54
One of Huawei Canada's top executives on Friday disclosed he was leaving his post after more than seven years with the Chinese telecommunications equipment maker, which is facing heightened scrutiny over security issues from Canada and its allies.

Corporate investors pile into electric vehicle startups

Sat, 01/12/2019 - 04:27
Corporate investors from outside the auto industry are placing increasing bets on electric vehicles, vying with automakers and suppliers to bankroll startup companies working on everything from advanced batteries to charging devices and all-new EVs.

Factbox: Corporate investments in EV startups

Sat, 01/12/2019 - 04:27
Corporations across a variety of industries - auto, energy, electronics, aerospace, telecom - have invested in startup companies engaged in various aspects of automotive electrification, including batteries, charging devices and complete vehicles.

Apple considered Samsung, MediaTek to supply 5G modems for 2019 iPhones

Sat, 01/12/2019 - 03:01
Apple Inc considered tapping Samsung Electronics Co Ltd and MediaTek Inc along with existing vendor Intel Corp to supply 5G modem chips for 2019 iPhones, according to an Apple executive's testimony at the trial between Qualcomm Inc and the U.S. Federal Trade Commission on Friday.

India's Infosys raises revenue guidance, but third-quarter profit misses estimate

Fri, 01/11/2019 - 22:42
Infosys Ltd, India's second-biggest IT services company, on Friday raised its revenue growth forecast on the back of robust demand for its core services as well as its latest digital offerings from its Western clients.

Slack 'seriously considering' direct market listing: source

Fri, 01/11/2019 - 21:26
Slack Technologies Inc is "seriously" considering making its stock exchange debut through a direct listing, a source familiar with the matter told Reuters on Friday.

Accenture CEO steps down due to health reasons

Fri, 01/11/2019 - 20:24
Accenture Plc's Chief Executive Officer Pierre Nanterme is stepping down due to health reasons, the consulting and outsourcing company said on Friday.

Apple to launch three iPhones with new camera features this year: WSJ

Fri, 01/11/2019 - 20:10
Apple Inc plans to launch three iPhone models this year with some new camera features, including three rear cameras for the most expensive model and two for the other models, the Wall Street Journal reported on Friday.

Apple plans to launch three new iPhone models this year: WSJ

Fri, 01/11/2019 - 16:58
Apple Inc plans to release three new iPhone models this year, including a successor to its struggling XR model, the Wall Street Journal reported on Friday.

China retailers slash iPhone prices after Apple sales warning

Fri, 01/11/2019 - 16:20
Several Chinese electronics retailers including Alibaba-backed Suning and have slashed iPhone prices this week, after Apple recently blamed poor sales of the smartphone in the country for a rare revenue warning.

Exclusive: GM's Cadillac will introduce EV in fight against Tesla - sources

Fri, 01/11/2019 - 07:59
Cadillac is expected to become General Motors Co's lead electric vehicle brand as the largest U.S. automaker gears up to introduce a new model under that luxury marquee to challenge Tesla Inc , two people briefed on the matter said Thursday.

Alphabet board sued on allegations of sexual misconduct cover-up

Fri, 01/11/2019 - 07:33
Two shareholder lawsuits filed this week accused the board of Google parent Alphabet Inc of playing a direct role in covering up sexual misconduct claims against two former executives over the last five years.

Alphabet board faces lawsuit on allegations of sexual misconduct cover-up

Fri, 01/11/2019 - 05:32
A shareholder's lawsuit filed on Thursday said the board of Google parent Alphabet Inc played a direct role in covering up sexual misconduct claims against two top executives in 2014 and 2016.

Investors ask how the Bezos divorce will affect Amazon

Fri, 01/11/2019 - 03:54 Inc shares seesawed on Thursday as investors questioned how the impending divorce of company founder Jeff Bezos would affect his control of the most valuable company on Wall Street and its ambitious expansion plans.