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Former Uber CEO says investor lawsuit a 'public and personal attack'

Fri, 18 Aug 2017 03:17:45 -0400

SAN FRANCISCO (Reuters) - The ousted chief executive of Uber Technologies Inc [UBER.UL] rejected a lawsuit filed against him by one of the company's top investors as a "public and personal attack" without merit, according to court documents filed late on Thursday.(image)

Ukraine central bank warns of new cyber-attack risk

Fri, 18 Aug 2017 05:50:41 -0400

KIEV (Reuters) - The Ukrainian central bank said on Friday it had warned state-owned and private lenders of the appearance of new malware as security services said Ukraine faced cyber attacks like those that knocked out global systems in June.(image)

Facebook tests adding news stories customized to users' interests

Thu, 17 Aug 2017 15:52:07 -0400

SAN FRANCISCO (Reuters) - Facebook Inc is testing a feature in the Facebook News Feed that provides customized links to news on topics of interest to individual users, as the company continues to search for ways to increase the amount of time that people spend using the world's largest social media network.(image)

U.S. digital rights group slams tech firms for barring neo-Nazis

Thu, 17 Aug 2017 22:25:05 -0400

SAN FRANCISCO (Reuters) - A digital rights group based in San Francisco on Thursday criticized several internet companies for removing neo-Nazi groups from servers and services, saying the actions were "dangerous" and threatened free expression online.(image)

China Unicom's $12 billion ownership-reforms plan mired in confusion

Fri, 18 Aug 2017 08:08:29 -0400

HONG KONG (Reuters) - Telecoms group China Unicom's $11.7 billion ownership-reforms plan, billed as a model case for revitalizing Chinese state firms with private capital, remained under a cloud on Friday, with confusion about fundraising details persisting.(image)

Top fund investors pumped brakes on fast-rising Tesla: filings

Fri, 18 Aug 2017 07:15:51 -0400

BOSTON (Reuters) - Top Tesla Inc investors Fidelity Investments and T. Rowe Price cut their holdings in the second quarter and indicated they were taking profits from the electric car maker stock, which is up 65 percent this year.(image)

China's Lenovo warns of cost challenges as it sinks to Q1 loss

Fri, 18 Aug 2017 02:28:10 -0400

HONG KONG (Reuters) - Chinese personal computer maker Lenovo Group Ltd warned of higher costs and margin pressure due to shortages of components like memory chips, as it posted its first quarterly loss in almost two years on Friday.(image)

Wisconsin bill giving $3 billion incentives to Foxconn advances

Thu, 17 Aug 2017 20:57:15 -0400

(Reuters) - Wisconsin's Republican-controlled state Assembly voted 59-30 on Thursday to approve a bill that paves the way for a $3 billion incentives package for a proposed liquid-crystal display plant by Taiwan's Foxconn.(image)

Infosys CEO Vishal Sikka resigns, blames 'drumbeat of distractions'

Fri, 18 Aug 2017 05:38:13 -0400

BENGALURU/MUMBAI (Reuters) - Vishal Sikka, the chief executive brought in to turn around India's Infosys three years ago, resigned suddenly on Friday, blaming a "continuous drumbeat of distractions" and a long-running row with founders over the tech firm's strategy.(image)

YouTube TV expands to 14 new markets, partners with Sinclair stations

Thu, 17 Aug 2017 16:21:08 -0400

(Reuters) - Alphabet Inc's Google has expanded its YouTube TV streaming service into 14 new U.S. markets to reach half of American households, with an additional 17 markets to launch in the next few weeks, the company said on Thursday.(image)