News highlights for 13 October
Journalists and guests look over tubes following a propulsion open-air test at Hyperloop One. REUTERS/Steve Marcus
Hyperloop One aims for full-scale test with new $50 million financing
(Reuters) – Los Angeles-based company Hyperloop One, which is developing technology for a futuristic transit system, said it had raised an additional $50 million as it prepares for a full-scale test of a Hyperloop system in the first quarter of 2017. Read more…
Mobile ad startup MediaBrix to triple revenue by 2018
(Reuters) – MediaBrix, a fast-growing startup whose software delivers “moment-based” mobile advertising, is going after one of the most difficult demographics in the ad business – teens. Read more…
Discovery invests $100 million in digital media venture
(Reuters) – Discovery Communications, which owns networks like the Discovery Channel and Animal Planet, on Thursday became the latest TV company to invest in digital content in an effort to reach mobile viewers. Read more…
Verizon closing call centers in five U.S. states, 3,200 jobs affected
(Reuters) – Verizon Communications Inc said on Thursday it plans to close call centers in five states, including its home state of New York, as the No. 1 wireless company trims head count and reorganizes operations in a saturated wireless market. Read more…
Cloud-based network provider Aryaka plans 2018 IPO, eyes $1 billion valuation
(Reuters) – Aryaka, a provider of cloud-based private network for companies, plans to go public in 2018, aiming for a valuation of more than $1 billion, Chief Executive Shawn Farshchi said. Read more…
Google gets second extension to reply to EU charge on shopping
BRUSSELS (Reuters) – Alphabet unit Google has been given about three more weeks to counter EU antitrust charges that it unfairly demotes rival shopping services in internet search results, a move which could further delay regulators’ decision on the six-year-old case. Read more…
China issues details of rules to tackle online financial risk
BEIJING (Reuters) – China’s cabinet and major financial regulators on Thursday published details of rules aimed at stamping out fraud and illegal fundraising in the country’s fast-growing online finance sector. Read more…
Xerox sued by large investor over plan to split company
(Reuters) – One of Xerox Corp’s largest shareholders sued the copier maker to block its plan for spinning off its document outsourcing business into a new publicly traded company. Read more…
Amazon to hire 120,000 temporary workers for holiday season
(Reuters) – Amazon.com Inc said it would hire more than 120,000 seasonal workers in the United States for the holiday season, 20 percent more than last year, highlighting the growing threat the e-commerce giant poses to traditional retailers. Read more…
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