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Wall Street braces for end of Snap share lockup

Fri, 28 Jul 2017 07:34:32 -0400

SAN FRANCISCO (Reuters) - A flood of Snap Inc shares held back since the Snapchat owner's initial public offering could start to trade freely next week, pressuring a stock that has already plunged far below its debut price.(image)

Amazon plows ahead with high sales and spending; profit plunges

Fri, 28 Jul 2017 00:53:59 -0400

(Reuters) - Inc on Thursday reported a jump in retail sales along with a profit slump, as its rapid, costly expansion into new shopping categories and countries showed no sign of slowing.(image)

Telecom Italia to name Genish chief for operations, says no plans to merge with Mediaset

Fri, 28 Jul 2017 07:00:22 -0400

MILAN (Reuters) - Telecom Italia (TIM) will announce on Friday the arrival of Amos Genish as general manager in charge of operations, the company's executive chairman said, confirming a report by Reuters.(image)

Hackers to scour voting machines in search for election vulnerabilities

Fri, 28 Jul 2017 07:07:35 -0400

LAS VEGAS (Reuters) - Hackers attending this weekend's Def Con hacking convention in Las Vegas will have a chance to break into voting machines and voter databases in a bid to uncover vulnerabilities that could be exploited to sway election results.(image)

Exclusive: Not Made in America - Wal-Mart looks overseas for online vendors

Thu, 27 Jul 2017 16:43:10 -0400

CHICAGO (Reuters) -, trailing Inc in the number of goods for sale on its website, is recruiting vendors in China and other countries to boost its online offerings in a pivot away from Wal-Mart's Made-in-America campaign.(image)

China's Ofo in talks to raise $1 billion, led by SoftBank: sources

Fri, 28 Jul 2017 05:09:36 -0400

HONG KONG (Reuters) - Chinese startup Ofo is in talks to raise $1 billion in a new funding round led by Japan's SoftBank Group, people familiar with the matter said, in what would be the largest fund-raising in the nation's bike-sharing business.(image)

Xiaomi gains new $1 billion loan to drive retail push, expansion overseas

Fri, 28 Jul 2017 01:00:41 -0400

SHANGHAI (Reuters) - Chinese smartphone maker Xiaomi Inc said on Friday it had signed a deal for a new $1 billion loan to accelerate its drive into brick-and-mortar stores and help a push overseas.(image)

Amazon's Singapore quick delivery stalls as demand overwhelms at launch

Fri, 28 Jul 2017 06:51:59 -0400

SINGAPORE (Reuters) - Inc's Prime Now quick delivery service in Singapore, which launched on Thursday and kicked off its push into Southeast Asia, has been overwhelmed by demand, preventing it from taking on fresh orders.(image)

Sharp returns to first quarter profit on Foxconn's cost-cut drive, beats estimates

Fri, 28 Jul 2017 02:20:48 -0400

TOKYO (Reuters) - Japan's Sharp Corp reported its third consecutive quarter of net profit on Friday, staying on track to achieve its first annual profit in four years following a cost-cutting drive under Taiwanese owner Foxconn.(image)

China's Baidu profit jumps as focus on mobile, AI narrows

Fri, 28 Jul 2017 00:52:58 -0400

(Reuters) - Chinese internet search engine provider Baidu Inc has reported a jump in quarterly earnings, recovering from a string of regulatory investigations last year, as sharpened focus on mobile and artificial intelligence (AI) services drives growth.(image)