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IBM revenue fall dims upbeat profit forecast

Thu, 19 Jan 2017 18:46:42 -0500

(Reuters) - International Business Machines Corp reported its 19th straight quarter of declining revenue, but forecast full-year earnings above Wall Street estimates due to growth in newer areas such as cloud-based services and analytics.(image)

U.S. regulator finds no evidence of defects after Tesla death probe

Thu, 19 Jan 2017 20:22:06 -0500

WASHINGTON (Reuters) - U.S. auto safety regulators said on Thursday they found no evidence of defects in a Tesla Motors Inc car involved in the death of a man whose Model S collided with a truck while he was using its Autopilot system.(image)

Uber to pay $20 million to settle U.S. claims it misled drivers

Thu, 19 Jan 2017 17:47:54 -0500

WASHINGTON (Reuters) - Ride-hailing company Uber Technologies Inc has agreed to pay $20 million to settle claims by the U.S. government that it exaggerated prospective earnings in seeking to recruit drivers and downplayed the costs of buying or leasing a car, documents filed with a federal court on Thursday showed.(image)

Samsung Electronics says to hold Galaxy Note 7 briefing on January 23

Thu, 19 Jan 2017 19:07:13 -0500

SEOUL (Reuters) - Samsung Electronics Co Ltd said it will announce on Jan. 23 the results of a probe on what caused some Galaxy Note 7 smartphones to catch fire, as the firm seeks to recover from one of the biggest product safety failures in tech history.(image)

Tech firm creates Trump monitor for stock markets

Thu, 19 Jan 2017 12:23:16 -0500

LONDON (Reuters) - Just in time for his inauguration, London-based fintech firm is launching an app that will generate trading alerts for shares based on comments made on social media by Donald Trump.(image)

Bain, Permira interested as Toshiba flags chip business stake sale: Kyodo

Thu, 19 Jan 2017 21:24:34 -0500

TOKYO (Reuters) - Japan's struggling Toshiba Corp has started the process to sell a minority stake in its flash memory chip business worth several billion dollars, and funds Permira and Bain Capital have expressed interest, Kyodo news agency reported.(image)

Czech inventor gives snow chains a modern makeover

Thu, 19 Jan 2017 15:05:45 -0500

VRBNO POD PRADEDEM, Czech Republic (Reuters) - After struggling one night to get chains on his tyres on a snowy mountain, Czech businessman Petr Gross decided he needed to come up with something that did the job better.(image)

Toshiba shares extend losses on accounting woes

Thu, 19 Jan 2017 19:26:45 -0500

TOKYO (Reuters) - Shares in Japan's Toshiba Corp extended losses on Friday, weighed down by concern over a potentially bigger-than-expected $6 billion writedown triggered by cost overruns at its U.S. nuclear business.(image)

Sweden's Telia mulling bid for Danish peer TDC: Dagens Industri

Thu, 19 Jan 2017 19:23:30 -0500

STOCKHOLM (Reuters) - Swedish telecom operator Telia is mulling a bid for Denmark's TDC , Swedish business daily Dagens Industri reported on Thursday, citing unnamed sources.(image)

U.S exchanges rent helicopter, drape banner in pursuit of Snapchat IPO

Thu, 19 Jan 2017 14:09:39 -0500

SAN FRANCISCO/NEW YORK (Reuters) - This past November, Nasdaq Inc hired a helicopter to film Manhattan's skyline using Snapchat's new video-camera sunglasses and sent the aerial footage to its social media followers.(image)