(Reuters) – Tesla Inc on Friday named Oracle Corp co-founder Larry Ellison, a shareholder and self-described close friend of Chief Executive Elon Musk, to its board to provide the independent oversight demanded by U.S. regulators after Musk tweeted about taking the electric carmaker private. The move is meant to usher Tesla past months of turbulence
FILE PHOTO: New York Yankees’ Derek Jeter waits to bat as he stands near the Yankees logo painted on the infield behind home plate during the fourth innings of the Yankees’ game against the Tampa Bay Rays at Yankee Stadium in New York, July 8, 2008. REUTERS/Mike Segar (Reuters) – The New York Yankees are
(Reuters) – Dell Technologies Inc DELL.N returned to public markets on Friday, nearly six years after the company’s founder and Chief Executive Officer Michael Dell took it private in what was then the biggest buyout since the financial crisis of 2008. A logo of Dell Technologies is seen at the Mobile World Congress in Barcelona,
Apple’s new iPhone XS and XS Max are displayed after it went on sale at the Apple Store in Tokyo’s Omotesando shopping district, Japan, September 21, 2018. REUTERS/Issei Kato (Reuters) – Citi Research on Friday slashed its first-quarter production estimates for Apple Inc’s iPhones and nearly halved expectations on the costliest iPhone XS Max, joining
(Reuters) – Tesla Inc on Friday named two independent board directors, including Oracle Corp co-founder Larry Ellison, to fulfill a September deal that resolved federal charges that arose from Chief Executive Elon Musk’s tweet about taking the electric carmaker private. FILE PHOTO: A Tesla Model 3 car is displayed during a media preview at the
WASHINGTON (Reuters) – President Donald Trump is considering an executive order in the new year to declare a national emergency that would bar U.S. companies from using telecommunications equipment made by China’s Huawei and ZTE, three sources familiar with the situation told Reuters. FILE PHOTO: A man walks past a sign board of Huawei at
MUMBAI/DELHI (Reuters) – Apple Inc will begin assembling its top-end iPhones in India through the local unit of Foxconn as early as 2019, the first time the Taiwanese contract manufacturer will have made the product in the country, according to a source familiar with the matter. A motorcyclist rides past the logo of Foxconn, the
PARIS (Reuters) – French tech company Sigfox has developed a bite-size tracker that can be inserted into the horns of rhinos to help conservationists monitor and protect the endangered species. FILE PHOTO: Marion Moreau, Head of Sigfox Foundation, poses during an interview with Reuters at French tech company Sigfox offices in Paris, France, December 7,
A man uses his phone as he walks past a Huawei shop in Beijing, China, December 19, 2018. REUTERS/Thomas Peter HONG KONG (Reuters) – Huawei Technologies’ [HWT.UL] rotating chairman Guo Ping said in his new year’s address that the Chinese tech giant’s revenue in 2018 is expected to be $108.5 billion, up 21 percent year-on-year.
NEW DELHI/MUMBAI (Reuters) – India will ban e-commerce companies such as Amazon.com and Walmart-owned Flipkart Group from selling products from companies in which they have an equity interest. A shipment moves on a conveyor belt at an Amazon Fulfillment Centre (BLR7) on the outskirts of Bengaluru, India, September 18, 2018. REUTERS/ Abhishek N. Chinnappa In
BEIJING/SHANGHAI (Reuters) – On the sidewalks of Shanghai and Beijing, once bright-yellow Ofo bicycles lie in varying states of disrepair – chains unhooked, wheels buckled and paint starting to fade – reflecting the quick rise and sharp fall of the Chinese bike-sharing startup. FILE PHOTO: A worker transports bicycles of the bike-sharing startup Ofo in
Tesla Inc. founder Elon Musk speaks at the unveiling event by “The Boring Company” for the test tunnel of a proposed underground transportation network across Los Angeles County, in Hawthorne, California, U.S. December 18, 2018. Robyn Beck/Pool via REUTERS (Reuters) – Tesla Inc (TSLA.O) chief executive Elon Musk said the electric car company will reimburse
MILAN (Reuters) – Italy will offer subsidies of up to 6,000 euros ($6,820) to buyers of new low emission vehicles while slapping taxes on the purchase of larger petrol and diesel cars, according to measures approved in parliament. FILE PHOTO: A woman drives a Renault Twizy two-seat electric car in Rome, Italy, March 5, 2018.
A Tesla Model 3 car is displayed during a media preview at the Auto China 2018 motor show in Beijing, China April 25, 2018. REUTERS/Jason Lee/File Photo BEIJING (Reuters) – Tesla Inc has slashed prices on its Model 3 electric car in China. According to the California-based electric carmaker’s Chinese website, prices of certain Model
MUNICH/SAN FRANCISCO (Reuters) – Chip supplier Qualcomm Inc won a second court skirmish in its worldwide patent battle with Apple Inc on Thursday, with the iPhone maker saying it would pull some older models from its German stores. FILE PHOTO: Man uses iphone while waiting for his airplane at Munich airport, Germany August 3, 2017.
FILE PHOTO: The SpaceX Falcon 9 rocket, scheduled to launch a U.S. Air Force navigation satellite, sits on Launch Complex 40 after the launch was postponed after an abort procedure was triggered by the onboard flight computer, at Cape Canaveral, Florida, U.S., December 18, 2018. REUTERS/Steve Nesius/File Photo (Reuters) – A SpaceX rocket carrying a
NEW YORK (Reuters) – A bear market in the so-called FAANG stocks – Wall Street’s most popular trade going into the year – is pushing fund managers into searching for the next big growth companies that can lead the overall market higher. Facebook, Amazon, Netflix and Google logos are seen in this combination photo from
(Reuters) – Billionaire Elon Musk’s SpaceX is scheduled on Saturday to launch a long-delayed U.S. military navigation satellite, which if successful would mark the rocket company’s first national security space mission for the United States. The SpaceX Falcon 9 rocket, scheduled to launch a U.S. Air Force navigation satellite, sits on Launch Complex 40 after
SAN FRANCISCO (Reuters) – Millions of users of Amazon’s Echo speakers have grown accustomed to the soothing strains of Alexa, the human-sounding virtual assistant that can tell them the weather, order takeout and handle other basic tasks in response to a voice command. FILE PHOTO: Prompts on how to use Amazon’s Alexa personal assistant are
(Reuters) – Minnesota prosecutors will not charge the chief executive officer of China’s JD.com Inc, Richard Liu, after he was accused of rape by a University of Minnesota student during a recent U.S. visit, authorities said on Friday. FILE PHOTO: JD.com founder Richard Liu poses during a Reuters interview in Hong Kong, China, June 9,
(Reuters) – U.S. game software firm Zynga Inc (ZNGA.O) said on Thursday it would buy a majority stake in Finland’s Small Giant Games, maker of the popular Android game Empires & Puzzles, for about $700 million, in a move to strengthen its mobile game portfolio. The Zynga logo is pictured at the company’s headquarters in
BEIJING/SHANGHAI (Reuters) – Tencent Holdings Ltd’s shares surged on Friday after a local regulatory official said some new video games had been cleared for sale, ending a lengthy freeze in approvals that has spooked players in the world’s largest gaming market. FILE PHOTO: A Tencent sign is seen during the fourth World Internet Conference in
FILE PHOTO: A Tencent sign is seen during the fourth World Internet Conference in Wuzhen, Zhejiang province, China, Dec. 4, 2017. REUTERS/Aly Song SHANGHAI/BEIJING (Reuters) – Tencent Holdings Ltd’s shares jumped by as much as 4.2 percent on Friday after a regulatory official said that some new games have been cleared for sale after a
FILE PHOTO: The various colors of newly released Apple iPhone XR are seen following the product launch event at the Steve Jobs Theater in Cupertino, California, U.S. September 12, 2018. REUTERS/Stephen Lam/File Photo (Reuters) – Apple Inc (AAPL.O) on Thursday changed how it reports on U.S. national security requests for user data, bringing its procedures
WASHINGTON (Reuters) – Uber Technologies Inc [UBER.UL] on Thursday is resuming limited self-driving car testing on public roads in Pittsburgh, nine months after it suspended the program following a deadly accident in Arizona. FILE PHOTO: Uber’s logo is displayed on a mobile phone, September 14, 2018. REUTERS/Hannah Mckay/File Photo The return of testing comes days
JAIPUR/TONK, India (Reuters) – When India votes in a general election next year, it will be the world’s largest democratic exercise, and the biggest ever test of the role of social media in an election. Volunteers of India’s main opposition Congress party monitor TV news channels and social media inside their war room which was
FILE PHOTO: Uber’s logo is displayed on a mobile phone, September 14, 2018. REUTERS/Hannah Mckay/File Photo LONDON (Reuters) – Uber [UBER.UL] has lost its latest court bid to stop its British drivers being classified as workers, entitling them to rights such as the minimum wage, in a decision which jeopardizes the taxi app’s business model.
FILE PHOTO: The logo of Swedish truck maker Volvo is pictured at the IAA truck show in Hanover, September 22, 2016. REUTERS/Fabian Bimmer/File Photo BERLIN/STOCKHOLM (Reuters) – Volvo (VOLVb.ST) has agreed to sell 75.1 percent of WirelessCar, a digital service developer specializing in connected driving, to Volkswagen (VW) (VOWG_p.DE) for 1.1 billion Swedish crowns ($121.5
(Reuters) – U.S. chipmaker Micron Technology Inc (MU.O) gave on Tuesday quarterly sales and profit forecasts well below Wall Street estimates, citing a market glut of memory chips as consumer and business demand for phones and computers is weakening. Memory chip parts of U.S. memory chip maker MicronTechnology are pictured at their fair booth at
BRUSSELS (Reuters) – U.S. search and advertising company Yelp has lost its bid to intervene in Google’s challenge against a 2.4 billion euro ($2.7 billion) EU antitrust fine after an EU court said it had no direct interest in the case. FILE PHOTO: The Yelp Inc. logo is seen in their offices in Chicago, Illinois,