News highlights for 8 November
REUTERS/Dado Ruvic/Illustration
San Francisco set back for AirBnB could have far reaching consequences
SAN FRANCISCO (Reuters) – A U.S. judge on Tuesday rejected Airbnb’s request to block a San Francisco ordinance that forbids the home-rental company from taking bookings from hosts who have not registered their home with the city. Read more…
GoPro recalls drones that lose power, loses share support
(Reuters) – Wearable camera maker GoPro Inc said on Tuesday it would recall about 2,500 of its recently introduced Karma drones because they lost power during use. GoPro’s shares were down 4.7 percent at $10.35 in extended trading. Read more…
TripAdvisor suffers from referral downturn
(Reuters) – TripAdvisor Inc reported lower-than-expected quarterly revenue as the travel review website operator earned less from referrals to third-party hotel websites. The company’s shares were down 13 percent at $54.89 in after-hours trading on Tuesday. Read more…
Lily Cole wants to inspire women, technology at its heart
LISBON (Thomson Reuters Foundation) – As a British supermodel and actress, Lily Cole has lived a life of glamor, but it is her new role as a social entrepreneur using technology to do good that she hopes will inspire women. Read more…
Expansion plans, Tesla buys Grohmann to increase automation
FRANKFURT (Reuters) – Electric carmaker Tesla Motors Inc has agreed to buy Germany’s Grohmann Engineering GmbH, which develops automated manufacturing systems for batteries and fuel cells, as the California-based company seeks to expand its production more than sixfold by 2018. Read more…
Demand for memory chips drive Toshiba profits higher
TOKYO (Reuters) – Japanese conglomerate Toshiba Corp raised its annual operating profit forecast by 50 percent on Tuesday, saying it expects demand for its NAND flash memory chips to remain strong for the rest of the business year. Read more…
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