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CHICAGO/NEW YORK (Reuters) – Amazon.com Inc’s proposed purchase of high-end food retailer Whole Foods Market Inc for $13.7 billion hammered share prices of food and retail companies on Friday as the proven retail disruptor stepped boldly into another consumer space. The deal, which not only helps Amazon make deeper inroads into the grocery sector but […]
NEW YORK (Reuters) – The five largest U.S. technology companies may have lost enough market capitalization over the past week to buy plane maker Boeing, but the benchmark S&P 500 stock index has managed to remain within a stone’s throw of its record high. Apple, Alphabet, Microsoft, Amazon and Facebook, the five largest U.S. technology […]
News highlights for 15 June Snap shares sink back to IPO levels SAN FRANCISCO (Reuters) – Shares of Snap Inc dropped 4.9 percent on Thursday to their initial public offering price, highlighting investors’ loss of confidence in the social media company that faces fierce competition from Facebook. Read more… Retail reaction to Amazon arrival in […]
WASHINGTON (Reuters) – California and other states would be barred from setting their own rules governing design and testing of self-driving cars, while federal regulators would be blocked from demanding pre-market approval for autonomous vehicle technology, according to a U.S. House Republican proposal reviewed by Reuters on Thursday. The draft legislation, while far from becoming […]
(Reuters) – Facebook Inc on Thursday offered additional insight on its efforts to remove terrorism content, a response to political pressure in Europe to militant groups using the social network for propaganda and recruiting. Facebook has ramped up use of artificial intelligence such as image matching and language understanding to identify and remove content quickly, […]
News highlights for 14 June Western Digital has sought an injunction, throws Toshiba chip deal into disarray TOKYO (Reuters) – Western Digital Corp has sought a court injunction to prevent Toshiba Corp from selling its chip business without the U.S. firm’s consent – a move that threatens to throw the fiercely contested auction into disarray. […]
LONDON (Reuters) – Google is betting on the potential of European biotech companies to deliver life-changing drugs by investing alongside Swiss company Novartis in a new $300 million fund run by leading life sciences investment firm Medicxi. The move shows Google casting an increasingly wide net as it pumps cash into global medical research, seeding […]
BRUSSELS (Reuters) – Roaming charges for using mobile phones when traveling within the European Union disappear on Thursday, capping a decade-long battle by Brussels to show increasingly skeptical Europeans it can make their lives better. Yet for all the excitement it is generating within European Union institutions, opt-outs secured by major telecoms firms and member […]
News highlights for 13 June Sprint offers free unlimited data, takes aim at Verizon NEW YORK (Reuters) – Sprint Corp is offering free unlimited data, talk and text for a year in an aggressive promotion launched on Tuesday, aimed at Verizon customers in an oversaturated U.S. wireless market. Read more… US poised to heighten scrutiny […]
WASHINGTON/TORONTO (Reuters) – The U.S. government on Tuesday issued a rare alert squarely blaming the North Korean government for a raft of cyber attacks stretching back to 2009 and warning that more were likely. The joint warning from the U.S. Department of Homeland Security and the Federal Bureau of Investigation said that “cyber actors of […]
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