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Updated: 38 min 16 sec ago

Chipmaker Micron beats revenue estimates

Thu, 03/21/2019 - 03:13
U.S. chipmaker Micron Technology Inc beat analysts' estimates for quarterly revenue on Wednesday, getting a lift from demand for its memory chips used in data centers.

Exclusive: Walmart's Chief Technology Officer leaves company as e-commerce wars flare

Thu, 03/21/2019 - 02:54
Walmart Inc. Chief Technology Officer Jeremy King is leaving the company, according to an internal company memo, even as the retailer races to transform its e-commerce business and close the gap with rival Inc.

At IPO road show, Lyft executives look to lower insurance costs

Thu, 03/21/2019 - 01:57
Lyft Inc executives are focused on cutting insurance costs and will phase in self-driving vehicles on simple routes first, they said at a road show for investors ahead of the ride-hailing company's initial public offering set for next week.

Lithuanian pleads guilty in U.S. to massive fraud against Google, Facebook

Thu, 03/21/2019 - 01:39
A Lithuanian man on Wednesday pleaded guilty to U.S. charges that he helped orchestrate a scheme to defraud Facebook Inc and Alphabet Inc's Google out of more than $100 million, federal prosecutors announced.

Volvo expects electric car margins to match conventional vehicles by 2025

Thu, 03/21/2019 - 01:19
Volvo Cars expects its margins on electric cars to match those of vehicles with combustion engines by 2025, the head of the Chinese-owned Swedish carmaker told Reuters.

U.S. top court jeopardizes Google settlement in internet privacy case

Thu, 03/21/2019 - 00:21
WASHINGTON - The U.S. Supreme Court on Wednesday put in jeopardy an $8.5 million settlement Google has agreed to pay to resolve a class action lawsuit accusing it of violating a federal privacy law by sharing users' search queries with other websites.

Google's decade-long antitrust battle in Europe

Wed, 03/20/2019 - 23:48
Google was hit with a 1.49-billion-euro ($1.7 billion) fine on Wednesday, the third antitrust sanction from the European Union in two years after a record-breaking 4.34 billion euro penalty last year and a 2.4-billion-euro sanction in 2017 over its anti-competitive practices.

Ford adds production of electric vehicles at second North American site

Wed, 03/20/2019 - 22:10
Ford Motor Co said on Wednesday it is adding production of a fully electric vehicle at a second North American plant as part of its $11 billion investment plan set last year.

Safety first: Volvo to add in-car sensors to prevent drunk driving

Wed, 03/20/2019 - 21:35
Swedish automaker Volvo hopes to reinforce its reputation for safety-first driving by installing cameras and sensors in its cars from the early 2020s, monitoring drivers for signs of being drunk or distracted and intervening to prevent accidents.

U.S. top court undermines Google settlement in internet privacy case

Wed, 03/20/2019 - 21:31
WASHINGTON - The U.S. Supreme Court on Wednesday cast doubt on a $8.5 million settlement Google had agreed to pay to end an internet privacy dispute, directing a lower court to review whether plaintiffs who accused the search engine operator of wrongdoing in a class action lawsuit were legally eligible to sue.

Foxconn Ventures sells $398.4 million in Alibaba stock: sources

Wed, 03/20/2019 - 20:46
Foxconn Ventures Holdco has sold $398.4 million worth of Alibaba Group Holding Ltd's shares, in a block trade in the open market managed by Goldman Sachs Group Inc, people familiar with the matter said on Wednesday.

Apple launches new AirPods ahead of March 25 event

Wed, 03/20/2019 - 20:08
Apple Inc on Wednesday launched an updated version of its wireless "AirPods" headphones, ahead of a March 25 event where it is expected to unveil a television and video service.

Poste Italiane aims to ride e-commerce wave to boost parcel delivery

Wed, 03/20/2019 - 19:36
Poste Italiane aims to more than double the number of parcels it delivers by 2022, the head of its Mail and Parcel (M&P) unit said, as the former postal services monopoly presses on with its restructuring.

Google fined $1.7 billion for search ad blocks in third EU sanction

Wed, 03/20/2019 - 19:02
Google was fined 1.49 billion euros ($1.7 billion) on Wednesday for blocking rival online search advertisers, the third large European Union antitrust penalty for the Alphabet business in two only years.

Google says it is complying with EU antitrust orders

Wed, 03/20/2019 - 19:01
Google has made and will make a number of changes to address EU antitrust regulators' concerns that it unfairly promoted its shopping service and hindered rivals of its Android smartphone operating system, a senior executive said on Wednesday.

EU's Vestager says Google rivals more visible after changes

Wed, 03/20/2019 - 18:58
Europe's antitrust chief Margrethe Vestager gave a cautious welcome on Wednesday to Google's attempts to boost rivals and offer Android users a choice of browser and search apps in order to comply with her orders in two separate cases.

EU regulators fine Google 1.49 billion euros for blocking advertising rivals

Wed, 03/20/2019 - 18:09
EU antitrust regulators handed down a 1.49 billion euro ($1.69 billion) fine to Alphabet unit Google on Wednesday for blocking rival online search advertisers, marking the company's third penalty in two years.

Toyota, Suzuki charge up partnership for electric cars

Wed, 03/20/2019 - 18:01
Toyota Motor Corp and Suzuki Motor Corp on Wednesday said they planned to produce electric vehicles (EVs) and compact cars for each other to better compete with fast-changing technologies in the global auto industry.

Nordic metals firm Hydro restoring systems after cyber attack

Wed, 03/20/2019 - 17:47
Norsk Hydro, one of the world's largest aluminum producers, has made some progress restoring operations but is not yet back to normal after it was hit by a ransomware cyber attack, the company said on Wednesday.

SAP signals cloud intent as it ousts top in-house programmers

Wed, 03/20/2019 - 16:37
When business software company SAP announced in January it would lay off 4,400 staff, Chief Financial Officer Luka Mucic described the restructuring as a "fitness program" for Europe's most valuable technology firm.