GM to lay off 2,000 workers at two U.S. plants due to slowing sales
(Reuters) - General Motors Co plans to lay off 2,000 employees at two U.S. auto plants in early 2017, the automaker said on Wednesday.GM said it will furlough the employees when it cuts the third shift...
View ArticleTwitter says COO Adam Bain to leave, Noto to take his place
SAN FRANCISCO (Reuters) - Twitter Inc said on Wednesday that Chief Operating Officer Adam Bain, widely credited with building a robust advertising business at the company even as it struggled with user...
View ArticleBrazil's Oi board confirms financial advisor to replace PJT
SAO PAULO (Reuters) - The board of Brazilian wireless phone carrier Oi SA has elected a new financial advisor for debt restructuring talks with bondholders and bank creditors, Chief Executive Officer...
View ArticleAt Samsung Electronics, Lee signals more board power in nod to investors
By Se Young LeeSEOUL (Reuters) - Jay Y. Lee, de facto head of South Korea's sprawling Samsung Group, accelerated taking a board seat at flagship unit Samsung Electronics <005930.KS> partly...
View ArticleTrump election ignites fears over U.S. encryption, surveillance policy
By Dustin Volz and Joseph MennWASHINGTON/SAN FRANCISCO (Reuters) - Donald Trump's surprise election victory has alarmed technology companies and civil libertarians fearful that a self-described 'law...
View ArticleIndia's Tata Sons removes Mistry as TCS chair; Hussain interim chairman
By Aditi Shah, Darshana and SankararamanMUMBAI/BENGALURU (Reuters) - India's No. 1 software services firm, Tata Consultancy Services (TCS), a majority-owned unit of Tata Sons, said on Thursday it...
View ArticleJapan autonomous driving venture ZMP to list on TSE Dec. 19: sources
TOKYO (Reuters) - Japanese robotics startup ZMP Inc will list on the Tokyo Stock Exchange Dec. 19, four sources close to the firm's initial public offering told Thomson Reuters DealWatch on...
View ArticleTata Sons cannot appoint, only nominate TCS chairman: source
MUMBAI (Reuters) - Tata Sons, parent and biggest shareholder of Tata Consultancy Services (TCS) , can only nominate a new chairman for the company but not appoint him without the approval of the board...
View ArticleChina's packaging makers see profits squeezed as e-commerce boom draws new...
By Jackie CaiSHANGHAI (Reuters) - Chinese packaging makers are bracing themselves for Singles' Day on Friday, stocking up on cardboard and taking on staff ahead of an online shopping bonanza that...
View ArticleUK government says Tesco Bank thefts shake confidence in finance
By Huw JonesLONDON (Reuters) - The theft of money from accounts at Tesco Bank is a threat to national security and undermines public trust in financial firms, Britain's interior minister Amber Rudd...
View ArticleEU lawmakers approve plans for coordinated mobile broadband boost
BRUSSELS (Reuters) - European Union lawmakers on Thursday approved plans to coordinate the rollout across the bloc of the 700MHz spectrum band for wireless broadband by 2022 to provide faster mobile...
View ArticlePhotoshop maker Adobe to buy video ad firm TubeMogul
(Reuters) - Photoshop software maker Adobe Systems Inc said on Thursday it would buy advertising company TubeMogul Inc for about $540 million, net of debt and cash, giving it a bigger presence in the...
View ArticleGoogle lawyer says Android helps rather than harms competition
By Foo Yun CheeBRUSSELS (Reuters) - Google's Android mobile operating system boosts competition rather than hurts it, the company's general counsel said on Thursday, in a rebuttal of EU antitrust...
View ArticleRussia upholds LinkedIn ban over data protection fears
By Vladimir Soldatkin, Jack Stubbs and Anastasia Teterevleva(Reuters) - A Russian court on Thursday upheld a decision to block the website of social networking company LinkedIn Corp., Interfax news...
View ArticleTech stocks drop as Wall Street focuses on Trump stimulus
By Noel RandewichSAN FRANCISCO (Reuters) - Shares of Amazon.com Inc , Alphabet Inc and other technology companies sank on Thursday as Wall Street sold them to pay for infrastructure names that could...
View ArticleABN looked at using undercover security staff to prevent cyber attacks
By Tom BerginLONDON (Reuters) - Dutch Bank ABN-AMRO considered sending undercover security staff amid employees to help improve cyber security but has decided not to follow this practice, officials...
View ArticleU.S. FCC says it has 'serious concerns' about AT&T Direct TV mobile video...
By David ShepardsonWASHINGTON (Reuters) - The U.S. Federal Communications Commission told AT&T Inc it has "serious concerns" about whether rivals will be able to compete with its DirecTV Now online...
View ArticleHyperloop One preparing new funding round
By Axel BuggeLISBON (Reuters) - Hyperloop One, which is developing a futuristic high-speed transport system, aims to raise hundreds of millions of dollars of fresh capital next year after a first...
View ArticleSEC charges EZTD with misleading investors
WASHINGTON (Reuters) - Israeli-based firm EZTD Inc must pay more than $1.7 million for misleading investors into trading binary options over the internet, the U.S. Securities and Exchange Commission...
View ArticleSnap's Spectacles make their debut in wacky vending machine
By Heather SomervilleSAN FRANCISCO (Reuters) - Snap Inc on Thursday debuted its video-camera sunglasses in its usual quirky style, setting up a big yellow vending machine on a beach boardwalk where...
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