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Snap arrives in London to woo skeptical investors ahead of IPO

Mon, 20 Feb 2017 17:12:49 -0500

LONDON (Reuters) - Snap Inc, owner of popular messaging app Snapchat, kicked off its first investor roadshow on Monday, looking to persuade London money managers to back its initial public offering in the face of concerns about its growth prospects, valuation and corporate governance.(image)

EU privacy watchdogs say Windows 10 settings still raise concerns

Mon, 20 Feb 2017 13:16:31 -0500

BRUSSELS (Reuters) - European Union data protection watchdogs said on Monday they were still concerned about the privacy settings of Microsoft's Windows 10 operating system despite the U.S. company announcing changes to the installation process.(image)

Snap bets on hardware as Facebook threat looms

Mon, 20 Feb 2017 04:06:22 -0500

SAN FRANCISCO (Reuters) - Snap Inc takes to the road in London on Monday to promote its initial public offering with a daring proposition: that it can build hot-selling hardware gadgets and ad-friendly software features fast enough to stay one step ahead of Facebook.(image)

Amazon to create over 5,000 jobs in Britain in 2017

Mon, 20 Feb 2017 10:33:39 -0500

LONDON (Reuters) - Online retailer Amazon is set to create more than 5,000 jobs in Britain this year, the company said on Monday, boosting its investment in the country once more even as it prepares to leave the European Union.(image)

Reliance's Jio hails Uber ride in payments battle with PayTM

Mon, 20 Feb 2017 12:47:31 -0500

MUMBAI (Reuters) - Uber users in India, who until now had Chinese Internet giant Alibaba-backed PayTM as the only payment wallet option available to book a ride, will now be able to pay through Reliance Jio Infocomm's [RELIB.UL] Jio Money.(image)

NZ court rules Megaupload founder Kim Dotcom can be extradited to U.S. for alleged fraud

Sun, 19 Feb 2017 22:56:44 -0500

WELLINGTON (Reuters) - A New Zealand court ruled on Monday that internet entrepreneur Kim Dotcom could be extradited to the United States to face charges relating to his Megaupload website, which was shutdown in 2012 following an FBI-ordered raid on his Auckland mansion.(image)

Alibaba expands bricks-and-mortar retail push with Bailian deal

Mon, 20 Feb 2017 02:53:13 -0500

BEIJING (Reuters) - China's Alibaba Group Holding Ltd said it formed a strategic partnership with Bailian Group, the largest retailer by store numbers to join the e-commerce giant's drive to use big data to improve and profit from brick-and-mortar sales.(image)

Uber CEO orders 'urgent investigation' on sexual harassment claims

Mon, 20 Feb 2017 02:29:58 -0500

(Reuters) - The chief executive of Uber Technologies Inc [UBER.UL] has ordered an "urgent investigation" into claims of sexual harassment at the ride-hailing service made by a former employee.(image)

China bicycle-sharing startup Mobike gets funding from Temasek, others

Mon, 20 Feb 2017 04:43:34 -0500

BEIJING (Reuters) - Chinese bicycle-sharing startup Mobike said on Monday it has raised funding in a new round led by Singapore state investor Temasek Holdings [TEM.UL] and hedge fund Hillhouse Capital, bringing its total new funding in 2017 to more than $300 million.(image)

After night in cell, Samsung scion taken for questioning

Sat, 18 Feb 2017 11:44:23 -0500

SEOUL (Reuters) - Handcuffed and tied with white rope, the scion of one of the world's biggest conglomerates, Samsung Group, was taken on Saturday for questioning by South Korean authorities after spending a night in a small detention cell.(image)