WASHINGTON (Reuters) – U.S. trade officials rejected Tesla Inc’s bid for relief from President Donald Trump’s 25-percent tariffs on the Chinese-made Autopilot “brain” of its Model 3 and other electric vehicles, one of more than 1,000 product denials linked to China’s industrial development plans. FILE PHOTO: A 2018 Tesla Model 3 electric vehicle is shown
NEW YORK (Reuters) – Uber Technologies Inc’s drivers in New York will go on strike next week shortly before the ride-hailing company goes public to protest what they view as unfair employment conditions, a taxi union said on Friday. FILE PHOTO: An investor walks out of the Uber IPO roadshow with documents in hand at
(Reuters) – Dish Network Corp fell short of estimates for quarterly profit on Friday, as the U.S. satellite TV service provider lost more pay-TV subscribers than expected and posted anemic growth in its streaming service Sling TV. FILE PHOTO: A Dish Network satellite dish is shown on a residential home in Encinitas, California, U.S., November
(Reuters) – Huawei Technologies said it will “vigorously oppose” a motion filed by U.S. prosecutors on Thursday to disqualify its lead defense lawyer from a case accusing the Chinese company of bank fraud and sanctions violations. FILE PHOTO: Huawei sign is seen on a building in Vilnius, Lithuania March 30, 2019. REUTERS/Ints Kalnins According to
(Reuters) – Activision Blizzard Inc forecast second-quarter profit below estimates on Thursday, as the videogame maker invests in its core franchises to counter intense competition from games such as “Fortnite” and “Apex Legends”. FILE PHOTO: The Activision booth is shown at the E3 2017 Electronic Entertainment Expo in Los Angeles, California, U.S. June 13, 2017.
FILE PHOTO: The logo of Austrian construction company Porr is pictured behind traffic lights at the company’s headquarters building in Vienna, Austria, March 8, 2016. REUTERS/Heinz-Peter Bader VIENNA (Reuters) – Austrian construction company Porr detected a cyber attack on its communication infrastructure on Thursday and its telephone lines and emails were disrupted, the company said.
LONDON (Reuters) – British Prime Minister Theresa May fired Defence Secretary Gavin Williamson on Wednesday over the leak of information about Chinese telecoms company Huawei. FILE PHOTO: Britain’s Prime Minister Theresa May and Britain’s Defence Minister Gavin Williamson arrive for a multilateral meeting of the North Atlantic Council with Georgia and Ukraine, during the NATO
FILE PHOTO: Visitors walk past an advertising billboard for Fitbit Ionic watches at the IFA Electronics Show in Berlin, Germany, September 1, 2017. REUTERS/Fabrizio Bensch (Reuters) – Wearable device maker Fitbit Inc reported better-than expected first-quarter results on Wednesday, benefiting from higher sales of its smartwatches and wearable devices that track daily activities. Shares of
(Reuters) – Comcast Corp unit Sky said on Wednesday it has adopted a new tool to improve audience data for its advertisers, as Comcast looks to expand its reach following its $40 billion acquisition of the UK pay-TV provider. FILE PHOTO: The NBC and Comcast logo are displayed on top of 30 Rockefeller Plaza, formerly
(Reuters) – Apple Inc said sales in China were stabilizing and touted how increasing demand for services and accessories such as Apple Music and the Apple Watch helped offset a record drop in iPhone revenue. Sales of iPhones, which account for more than half of all revenue, fell 17% in the fiscal second quarter from
FILE PHOTO: The FireEye logo is seen outside the company’s offices in Milpitas, California, December 29, 2014. REUTERS/Beck Diefenbach (Reuters) – FireEye Inc posted a bigger quarterly loss on Tuesday as the cyber security firm’s costs rose, and the company forecast revenue and profit for the current quarter below analysts’ estimates. The company’s net loss
FILE PHOTO: The logo of Shopify is seen outside its headquarters in Ottawa, Ontario, Canada, September 28, 2018. REUTERS/Chris Wattie (Reuters) – Canada’s Shopify Inc raised its 2019 profit and revenue forecast on Tuesday, as a booming e-commerce market boosted demand for its tools used in buildings online shopping apps and websites. The company, which
SEOUL (Reuters) – South Korea’s Samsung Electronics Co Ltd flagged improved second-half results on expectations of a pick up in memory chip and smartphone sales, after posting its weakest profit in more than two years in the first quarter. FILE PHOTO: Attendees at Samsung Electronics Co Ltd’s Unpacked event test out the company’s new devices
(Reuters) – Tesla Inc said on Monday it could seek alternative sources of financing, days after Chief Executive Officer Elon Musk reached a deal with U.S. securities regulators to settle a dispute over his Twitter use, removing an overhang on the stock. FILE PHOTO: The logo of Tesla is seen in Taipei, Taiwan August 11,
FILE PHOTO: The logo of China’s ZTE Corp is seen on a building in Nanjing, Jiangsu province, China April 19, 2018. REUTERS/Stringer HONG KONG (Reuters) – ZTE Corp reported a first-quarter profit of 862.6 million yuan, as expected, up from 276 million yuan in the preceding three months, as it recovered from last year’s U.S.
(Reuters) – Jaguar Land Rover, Britain’s largest auto manufacturer, said on Monday it is testing software that will allow drivers of its cars to earn the IOTA cryptocurrency as a reward for sharing data. The logo of British manufacturer Jaguar is seen on a Jaguar F-Pace SUV car in Zurich, Switzerland, August 10, 2017. REUTERS/Arnd
FILE PHOTO: A surveillance camera is seen in front of the Huawei logo outside its factory campus in Dongguan, Guangdong province, China, March 25, 2019. REUTERS/Tyrone Siu/File Photo LONDON (Reuters) – China on Sunday warned Britain not to discriminate against companies involved in developing the 5G network and to resist pressure from other countries over
WASHINGTON (Reuters) – Toyota Motor Corp said on Friday it was halting plans to install Dedicated Short-Range Communications technology on U.S. vehicles aimed at letting cars and trucks communicate with one another to avoid collisions. FILE PHOTO: A Toyota logo is displayed at the 89th Geneva International Motor Show in Geneva, Switzerland March 5, 2019.
(Reuters) – Uber Technologies Inc, the world’s largest ride-hailing company, plans an initial public offering that values the company as much as one-third below what the startup’s insiders had hoped for, between $80.5 billion and $91.5 billion. The valuation, outlined in a regulatory filing on Friday, is less than the $120 billion that investment bankers
SAN FRANCISCO (Reuters) – Tesla Inc’s stock price slumped 5% on Friday to its lowest in two years, rounding out a rough week that included worse-than-expected quarterly results and a pitch by Chief Executive Elon Musk on autonomous cars that failed to win over investors. FILE PHOTO: The logo of Tesla is seen in Taipei,
(Reuters) – The owner of popular workplace instant messaging app Slack made public strong year-on-year growth numbers on Friday, and an annual loss of $140.7 million, as it filed formally for its long-awaited market debut. FILE PHOTO: The Slack app logo is seen on a smartphone in this picture illustration taken September 15, 2017. REUTERS/Dado
(Reuters) – Amazon.com Inc plans to deliver packages to members of its loyalty club Prime in just one day, instead of two days, part of a spending ramp-up that may curb near-term profits and will up the ante for retail rivals such as Walmart Inc. FILE PHOTO: The logo of Amazon is seen at the
SAN FRANCISCO (Reuters) – Tesla Inc’s stock slumped over 5% on Friday to its lowest price in two years, rounding out a rough week that included worse-than-expected quarterly results and a pitch by Chief Executive Elon Musk on autonomous cars that failed to win over investors. FILE PHOTO: The logo of Tesla is seen in
TOKYO (Reuters) – Sony Corp warned of a sharper-than-expected drop in its annual profit and scrapped some longer-term targets, in a sign a slowdown in its gaming business as its PlayStation 4 console nears the end of its life was beginning to hurt. FILE PHOTO: Sony Corp’s logo is seen on its Crystal LED Integrated
WASHINGTON (Reuters) – T-Mobile US Inc and Sprint Corp executives this week urged senior U.S. regulators to approve the proposed tie-up, saying the combined company would have the incentive to slash prices, according to a filing on Thursday. FILE PHOTO: A sign for a T-Mobile store is seen in Manhattan, New York, U.S., April 30,
(Reuters) – The United States on Thursday added China’s third-largest e-commerce platform to its list of “notorious markets” for violations of intellectual property rights and kept China on its priority watch list for piracy and counterfeiting concerns. FILE PHOTO: Colin Huang, founder and CEO of the online group discounter Pinduoduo, speaks during the company’s stock
TOKYO (Reuters) – Japanese online fashion retailer Zozo Inc said it expects its profit to recover in the current fiscal year, after booking its first-ever annual drop in earnings on a failed experiment with bespoke tailoring and clashes with fashion brands. FILE PHOTO: A woman is seen in front of the logo of Zozo, which
(Reuters) – Facebook Inc on Wednesday blew away Wall Street profit estimates in the first quarter as it kept a lid on the costs of making its social networks safer, and set aside $3 billion to cover a settlement with U.S. regulators, calming investors who had worried about the outcome of a months-long federal probe.
FILE PHOTO: The headquarters of Wirecard AG, an independent provider of outsourcing and white label solutions for electronic payment transactions is seen in Aschheim near Munich, Germany September 6, 2018. REUTERS/Michael Dalder FRANKFURT (Reuters) – German digital payments company Wirecard on Wednesday said all its subsidiaries were subject to regular audits, denying a Financial Times
SAN FRANCISCO (Reuters) – Hollywood has a new suitor in Silicon Valley. FILE PHOTO: The logos of Airbnb are displayed at an Airbnb event in Tokyo, Japan, June 14, 2018. REUTERS/Issei Kato Airbnb Inc, the high-flying startup for booking home rentals around the world, has ambitions to develop a slate of original shows to whet