Google seeking to raise up to $221 million by selling Lenovo stock: IFR
HONG KONG (Reuters) - Google Inc is seeking to raise between $218 million and $221 million by selling shares in Chinese personal computer maker Lenovo, according to a deal term sheet seen by IFR on...
View ArticleExclusive: Fed records show dozens of cybersecurity breaches
By Jason Lange and Dustin VolzWASHINGTON (Reuters) - The U.S. Federal Reserve detected more than 50 cyber breaches between 2011 and 2015, with several incidents described internally as "espionage,"...
View ArticleTrail in Ecuador cyberheist leads to gamers’ crash pad in Hong Kong
By Clare Baldwin and Nathan LayneHONG KONG/CHICAGO (Reuters) - The paper trail left behind by $2 million stolen from a hacked Ecuadorian bank runs cold in a windowless gamers’ crash pad in a gritty...
View ArticleSalesforce takes aim at e-commerce with $2.8 billion Demandware buy
By Anya George Tharakan and Kshitiz Goliya(Reuters) - Cloud-based software maker Salesforce.com Inc said on Wednesday it would buy Demandware Inc , whose software is used by businesses to run...
View ArticleGermany working on Kuka counter-offer: Economy Minister says
By Andreas Rinke and Arno SchuetzeBERLIN/FRANKFURT (Reuters) - Germany is trying to coordinate an alternative offer for industrial robot maker Kuka following Chinese home appliance maker Midea Group Co...
View ArticleBeset by rivals and record labels, Spotify plots path to profit
By Mia ShanleySTOCKHOLM (Reuters) - Spotify is a household name, with more paying users than any other music-streaming service in the world. But it doesn't make a penny.Those 30 million paid...
View ArticleIBM to buy EZSource for 14th acquisition of Israeli company
JERUSALEM (Reuters) - IBM said on Wednesday it will acquire EZSource, an Israel-based application discovery company, to help developers modernise mainframe applications for digital business.Financial...
View ArticleCongress probes NY Fed's handling of Bangladesh Bank heist: letter
By Dustin VolzWASHINGTON (Reuters) - A U.S. congressional committee has launched a probe into the Federal Reserve Bank of New York's handling of the cyber theft of $81 million from one of its accounts...
View ArticleForbes estimates Theranos founder's net worth now zero
(Reuters) - Forbes magazine on Wednesday reduced its estimate of the net worth of Elizabeth Holmes, the founder and chief executive of health technology company Theranos Inc, to zero from $4.5 billion...
View ArticleUber raises $3.5 billion from Saudi Arabia's sovereign wealth fund
By Heather SomervilleSAN FRANCISCO (Reuters) - Uber has raised $3.5 billion from Saudi Arabia's sovereign wealth fund, the U.S. ride-hailing service said on Wednesday, gaining a crucial partner in its...
View ArticleVW looks for more revenue from ride-hailing apps, mobility services
By Andreas CremerBERLIN (Reuters) - Volkswagen is looking at on-demand mobility services such as smartphone ride hailing to earn a "notable share" of future revenues as the carmaker pushes a strategic...
View ArticleOracle hit with whistleblower lawsuit over cloud accounting
(Reuters) - Oracle Corp was sued on Wednesday by a former senior finance manager who claimed she was terminated in retaliation for complaining about improper accounting practices in Oracle's cloud...
View ArticleEarly days, but Apple Pay struggles outside U.S.
By Matt Siegel, Jeremy Wagstaff and Eric Auchard(Reuters) - More than 18 months after Apple Pay took the United States by storm, the smartphone giant has made only a small dent in the global payments...
View ArticleTemasek, GIC buy $1 billion in Alibaba stock in SoftBank sale
By Peter Henderson and Arathy S Nair(Reuters) - Singapore state funds bought $1 billion of shares in Chinese e-commerce company Alibaba Group Holding Ltd as part of an $8.9 billion sale by Japan's...
View ArticleSoftbank says not involved at all in Yahoo Inc asset sale
(Reuters) - Japan's SoftBank Group Corp <9984.T> is not planning to use any of the funds raised from a recent sale of Alibaba Group Holding Ltd shares to buy assets put up for sale by Yahoo Inc ,...
View ArticleHonda shows off self-driving cars at new Calif testing facility
By Alexandria SageCONCORD, Calif (Reuters) - Honda Motor Co gave a sneak preview of its self-driving prototypes on Wednesday, saying it was already on its way to offering semi-autonomous safety...
View ArticleBiometric sensor specialist Fingerprint names new CEO
STOCKHOLM (Reuters) - Fingerprint Cards has appointed a new chief executive as it seeks to expand into new market areas such as smart cards and Internet of Things, the maker of biometric sensors for...
View ArticleChina says German robot maker deal should not be politicized
BEIJING (Reuters) - China said on Thursday the purchase of German industrial robot maker Kuka by Chinese home appliance maker Midea Group Co Ltd should not be politicized as it is simply a commercial...
View ArticleEU cautions governments against banning Uber, Airbnb
By Julia FiorettiBRUSSELS (Reuters) - Services such as ride-hailing app Uber [UBER.UL] and home-rental site Airbnb should only be banned as a last resort, the European Union executive said on Thursday,...
View ArticleU.S. subpoenas China's Huawei in probe over exports to Syria, others: NYTimes
WASHINGTON (Reuters) - The U.S. Commerce Department has issued a subpoena to Huawei Technologies Co Ltd [HWT.UL] as part of a probe into the Chinese technology company's transactions in Cuba, Iran,...
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