WASHINGTON (Reuters) – The top Democrat on the House Intelligence Committee said on Monday he intended to make a “representative sampling” of Facebook Inc political ads believed to have been purchased by Russia available to the public later this month and that he hoped to make them all public eventually. Representative Adam Schiff confirmed that […]
Read More
By Noel Randewich SAN FRANCISCO (Reuters) – Roku’s <ROKU.O> stock tumbled 11 percent on Monday and was on track for its first loss since the music streaming company’s public listing last week, even after it unveiled a lineup of new devices. The Los Gatos, California company is riding a wave of consumers abandoning cable TV […]
Read More
By Andrew Chung WASHINGTON (Reuters) – The U.S. Supreme Court on Monday refused to consider a bid by Samsung Electronics Co Ltd <005930.KS> to force customers who have filed proposed class-action lawsuits against the company to arbitrate their claims instead of bringing them to court. The justices left intact a lower court’s ruling that purchasers […]
Read More
By Costas Pitas LONDON (Reuters) – Uber’s [UBER.UL] top boss in Britain will quit the taxi hailing app, according to an email seen by Reuters on Monday, as the company prepares to meet the London transport regulator in a bid to keep operating in one of its most important foreign markets. Transport for London (TfL) […]
Read More
By Foo Yun Chee BRUSSELS (Reuters) – The European Union is drawing up guidelines on how much patent holders should charge for their technologies, a thorny issue that pits Apple and other users against Qualcomm and Ericsson. Trillions of dollars in sales are at stake as regulators ponder whether a fridge maker should pay a […]
Read More
By Paul Lienert (Reuters) – Ford Motor Co has formed a team to accelerate global development of electric vehicles, whose mission will be to “think big” and “make quicker decisions,” an executive of the company said on Monday. One aim of Ford’s “Team Edison” is to identify and develop electric-vehicle partnerships with other companies, including […]
Read More
By Heather Somerville and Anna Irrera SAN FRANCISCO/NEW YORK (Reuters) – Under the leadership of Chief Executive Mike Cagney, Social Finance Inc (SoFi) set its sights on becoming a one-stop shop for every well-to-do millennial looking for financial services and a romantic partner. One of the most valuable private financial technology startups in the […]
Read More
By Jess Macy Yu TAIPEI (Reuters) – Taiwan Semiconductor Manufacturing Co (TSMC) founder and chairman Morris Chang will retire in June, after having built the Apple Inc supplier into the world’s biggest foundry chipmaker with a market value of about $185 billion. Chang, who is 86 and is known as the father of Taiwan’s chip […]
Read More
(Reuters) – Directors at Uber Technologies Inc [UBER.UL] plan to vote on board reforms and whether to pursue a major stock deal with SoftBank Group Corp on Tuesday, Bloomberg reported on Monday, citing sources familiar with the matter. The moves could potentially reshape the ride-hailing company’s governance, limiting co-founder and former Chief Executive Travis Kalanick’s […]
Read More
SHANGHAI (Reuters) – Facebook has taken down a page affiliated with China’s highest profile fugitive, exiled billionaire Guo Wengui, and temporarily restricted his ability to post on his profile, citing violations of its community standards. Guo, who is living in New York, has been using social media to make a series of incendiary, though mostly […]
Read More
By Sankalp Phartiyal NEW DELHI (Reuters) – India’s ambitions to become a smartphone-making powerhouse are foundering over a lack of skilled labor and part suppliers along with a complex tax regime, industry executives say. Prime Minister Narendra Modi has championed a manufacturing drive, under the slogan ‘Make in India’, to boost the sluggish economy and […]
Read More
By Paresh Dave (Reuters) – If history is a guide, Uber Technologies new Chief Executive Dara Khosrowshahi is likely to dangle data sharing and a promise to pay fines and fees when he sits down with London officials to negotiate the ride service’s future in one of its most important markets. From the Philippines to […]
Read More
