Technology

NEW YORK (Reuters) – Hedge fund manager David Einhorn lambasted Tesla Inc (TSLA.O) and its “despondent” Chief Executive Elon Musk on Friday, comparing the electric car company to Lehman Brothers Holdings Inc, where he had flagged accounting problems several months before its 2008 collapse. FILE PHOTO: David Einhorn, President of Greenlight Capital, Inc., presents during
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STRBSKE PLESO, Slovakia (Reuters) – Google’s proposals to increase competition in online shopping are bearing fruit, Europe’s antitrust chief said on Friday, suggesting that the company may be able to avoid further fines. FILE PHOTO: A logo is pictured at Google’s European Engineering Center in Zurich, Switzerland July 19, 2018 REUTERS/Arnd Wiegmann/File Photo Alphabet Inc’s
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(Reuters) – Shareholder advisory firm Institutional Shareholder Services Inc (ISS) said on Friday that Dell Technologies Inc should renegotiate an offer to acquire a tracking stock tied to is virtualization software subsidiary VMWare Inc. FILE PHOTO: A logo of Dell Technologies is seen at the Mobile World Congress in Barcelona, Spain February 28, 2018. REUTERS/Yves
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HONG KONG (Reuters) – Lenovo and ZTE Corp shares slid on Friday, hurt by worries about overseas sales after Bloomberg reported that the systems of multiple U.S. companies had been compromised by malicious computer chips inserted by Chinese spies. The Lenovo logo is seen in this illustration photo January 22, 2018. REUTERS/Thomas White/Illustration In a
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(Reuters) – Dell Technologies Inc (DVMT.N) confirmed on Wednesday it had met with some investment banks to explore an initial public offering if its plan to buy the tracking stock of VMware Inc (VMW.N) falls through. FILE PHOTO: Dell’s logo is seen during Mobile World Congress in Barcelona, Spain, February 27, 2017. REUTERS/Eric Gaillard/File Photo
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PARIS (Reuters) – Renault-Nissan and Daimler may expand their cooperation to battery and autonomous cars technology and mobility services, the companies said on Wednesday. Carlos Ghosn, chairman and CEO of the Renault-Nissan-Mitsubishi Alliance, attends a press conference on the second press day of the Paris auto show, in Paris, France, October 3, 2018. REUTERS/Regis Duvignau
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(Reuters) – Two seasons in, UK budget airline magnate Stelios Haji-Ioannou is suing Netflix over the title of its Chicago-based show “Easy”, arguing it infringes on more than a thousand trademarks he has registered using the word in Europe. FILE PHOTO: Easyjet founder Stelios Haji-Ioannou speaks at a media event to celebrate 20 years in
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BEIJING (Reuters) – Chinese internet giant Tencent Holdings announced on Sunday its first restructuring in six years, as it faces increased challenges from tighter government regulations. A Tencent sign is seen during the fourth World Internet Conference in Wuzhen, Zhejiang province, China, December 4, 2017. REUTERS/Aly Song The Shenzhen-based and Hong Kong-listed company will integrate
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WASHINGTON (Reuters) – U.S. Securities and Exchange Commission chairman Jay Clayton said in a statement on Saturday that the agency’s settlement with carmaker Tesla was in the best interests of the U.S. markets and company shareholders. FILE PHOTO: Jay Clayton, Chairman of the Securities and Exchange Commission, testifies at a Senate Banking hearing on Capitol
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WASHINGTON (Reuters) – Google Chief Executive Sundar Pichai has agreed to testify before the U.S. House Judiciary Committee later this year over Republican concerns that the company is biased against conservatives, a senior Republican said on Friday. Google CEO Sundar Pichai speaks on stage during the annual Google I/O developers conference in Mountain View, California,
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(Reuters) – Shares of Tesla Inc (TSLA.O) dived 11 percent in early trading on Friday after U.S. regulators accused Chief Executive Elon Musk of fraud and sought to remove him from his role in charge of the electric car company. A parking sign is shown at a newly installed Tesla Super Charging station in Carlsbad,
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WASHINGTON (Reuters) – A federal judge said on Wednesday that virtual currencies meet the definition of a commodity and fall within the jurisdiction of the U.S. derivatives regulator, allowing the agency to pursue fraud allegations against My Big Coin Pay Inc. FILE PHOTO: Representations of the Ripple, Bitcoin, Etherum and Litecoin virtual currencies are seen
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