By Norihiko Shirouzu and Joseph White BEIJING/DETROIT (Reuters) – U.S. automaker Ford Motor Co <F.N> is overhauling its China plans as its global “One Ford” strategy is holding it back in the world’s biggest auto market, two high-ranking company insiders told Reuters. The review of its China operations, part of a broader strategy re-think under […]
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By Salvador Rodriguez SAN FRANCISCO (Reuters) – Slack Technologies Inc has secured a partnership with Oracle Corp <ORCL.N> to integrate the tech giant’s enterprise software products into the popular workplace messaging app, the two companies told Reuters. The partnership is a victory for Slack as the young startup ramps up its efforts to win the […]
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By Conor Humphries DUBLIN (Reuters) – Ireland’s High Court on Tuesday said it would ask the EU’s top court to decide whether to ban the way in which Internet firms such as Facebook <FB.O> transfer users’ data to the United States in a case with major implications for companies. The case is the latest to […]
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By Eric Auchard LONDON (Reuters) – London-based Moo is doubling its sales every three years and proving that there is a place for a premium-priced business card printer in a digital age. On Tuesday, the decade-old member of the city’s Silicon Roundabout tech scene posted 38 percent revenue growth for 2016 and a strengthened executive […]
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PARIS (Reuters) – Amazon <AMZN.O> has approached various French supermarket operators – including Casino <CASP.PA> – about setting up distribution deals or making an acquisition in the country, newspaper Le Monde reported, citing its own sources. Le Monde said Amazon had contacted Casino over Casino’s Monoprix division, but Casino had declined to pursue the matter. […]
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LONDON (Reuters) – British actor Steve Coogan won damages on Tuesday from Mirror Group Newspapers whose reporters illegally listened to his voicemail messages to get scoops, the latest chapter in a long-running saga that has damaged the reputation of the British press. Best known in Britain for his portrayal of fictional radio presenter Alan Partridge, […]
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By Ben Hirschler LONDON (Reuters) – Access to new medicines and safety checks on existing treatments will be jeopardized if politicians pick a new home for Europe’s London-based drugs regulator that is unacceptable to staff, its executive director told Reuters. Cancer drugs and therapies for rare diseases could be particularly affected by an exodus of […]
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CHIBA (Reuters) – Japanese electronics components firm Murata Manufacturing Co Ltd aims to turn around its money-losing battery business within two to three years as its safety technology draws strong interest from smartphone vendors, its chief executive said. “We are seeing brisk demand for our smartphone batteries due to their safety performance, particularly since a […]
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TEL AVIV (Reuters) – Monarch Alternative Capital recommended buying Japan’s Toshiba Corp <6502.T>, saying the company’s shares have at least a 30 percent upside. Andrew Herenstein, Monarch’s chief investment officer, said on Tuesday the market is overestimating the risk of Toshiba being delisted next year, creating an overhang for the stock, which is trading at […]
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TOKYO (Reuters) – Japan’s Toshiba Corp <6502.T> said on Thursday it is buying back a 10 percent stake in Westinghouse Electric Co from minority shareholder Kazatomprom for 59 billion yen ($522 million), taking full ownership of the bankrupt U.S. unit. The move comes as Westinghouse is exploring selling itself, with a deal likely valuing it […]
Read More By Ben Hirschler LONDON (Reuters) – A seasonal flu vaccine that would be the first in the world to fight all types of the virus is to be tested in a two-year clinical trial involving more than 2,000 patients by researchers in Oxford. The so-called universal vaccine was developed by Oxford University’s Jenner Institute and […]
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By Ahmed Aboulenein CAIRO (Reuters) – Egypt has arrested 22 people in the past three days as part of a crackdown on gays after a rainbow flag was raised at a concert, activists and rights groups said on Monday. At least 33 people have been arrested since Sept. 23, after a group of people were […]
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