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Zoox autonomous vehicle start-up hires ex-NHTSA's Rosekind

By Alexandria Sage SAN FRANCISCO (Reuters) - Autonomous car start-up Zoox said on Monday that former top U.S. safety regulator Mark Rosekind was joining the Silicon Valley company as its chief safety innovation officer, underscoring the key role regulation will play...

Monday, April 3, 2017 - 12:27pm

Inventor hopes eTrike will succeed where uncle's Sinclair failed

By Jim Drury CHEPSTOW, WALES (Reuters) - More than 30 years after his uncle spectacularly failed to get Britain moving in battery-powered tricycles, inventor Grant Sinclair is...

Monday, April 3, 2017 - 10:17am

Chicago teen arrested in Facebook Live sex assault, others sought

(Reuters) - Chicago police have arrested a 14-year-old boy and expect to charge a second youth in connection with the sexual assault of a teenage girl by...

Sunday, April 2, 2017 - 12:44am

BlackBerry's profit beats expectations on software push

(Reuters) - BlackBerry Ltd reported better-than-expected adjusted earnings for the sixth straight quarter, as the smartphone pioneer's shift to the higher-margin software business paid off. The Canadian firm also said on Friday it expects to be profitable on an...

Friday, March 31, 2017 - 5:35pm

Samsung launches Galaxy S8 and dreams of recovery from Note 7

By Se Young Lee and Anjali Athavaley SEOUL/NEW YORK - (Reuters) - Samsung Electronics Co Ltd <005930.KS> unveiled its Galaxy S8 flagship...

Wednesday, March 29, 2017 - 11:11am

Online freight firm Freightos raises $25 million in funding led by GE

TEL AVIV (Reuters) - Freightos, an online marketplace for international shipping, said on Wednesday it raised $25 million in funding led byGE Ventures, bringing the company's total funding to date to $50 million. "This capital raise will...

Wednesday, March 29, 2017 - 6:22am

Infineon raises 2017 outlook on stronger automotive orders

FRANKFURT (Reuters) - German chipmaker Infineon <IFXGn.DE> raised its outlook for the second quarter and for its 2017 financial year, citing better-than-expected orders for the chips it makes for cars. Infineon said it expected 2017 revenue to rise by...

Friday, March 24, 2017 - 9:23pm

Apple CEO visits China bike-sharing start-up ofo

By Sijia Jiang HONG KONG (Reuters) - Apple Inc <AAPL.O> chief executive Tim Cook paid a visit to Chinese bike-sharing company ofo on Tuesday, as the country's ride-sharing start-ups fight aggressively for investor dollars and market share...

Tuesday, March 21, 2017 - 4:02am

Nokia's mobile networks head quits, to split business

HELSINKI (Reuters) - Nokia's <NOKIA.HE> head of mobile networks, the division which accounted for more than half of Finnish telecom network equipment maker's sales last year, is leaving the company. Nokia said on Friday it would break out services as a...

Friday, March 17, 2017 - 7:32am

Blockchain Capital to raise $50 million, partly with digital token sale

NEW YORK (Reuters) - U.S.-based venture capital firm Blockchain Capital LLC said on Thursday it plans to raise $50 million for a third fund through capital from its partners and a sale of its own digital tokens. Blockchain Capital invests in companies and start-ups...

Thursday, March 16, 2017 - 10:11am

Airbnb raises $1 billion in latest round of funding

(Reuters) - Online room renting service Airbnb Inc said on Thursday it had raised $1 billion in its latest round of funding, valuing the company at $31 billion. Airbnb raised $447.85 million as part of the funding, a source close to the company told Reuters...

Thursday, March 9, 2017 - 11:52am

Exclusive: ING, SocGen to test LNG trading with blockchain in months

By Karolin Schaps, Christoph Steitz and Vera Eckert LONDON/FRANKFURT (Reuters) - Banks ING and Societe Generale are in talks with traders to test liquefied natural gas (LNG) trading based on blockchain, the technology starting to shake up the traditional energy...

Thursday, March 9, 2017 - 8:46am

Facebook names LinkedIn executive Susan Taylor as accounting chief

(Reuters) - Facebook Inc said on Tuesday it appointed LinkedIn executive Susan Taylor as chief accounting officer, effective April 17. Taylor, 48, comes in place of Jas Athwal who resigned as chief accounting officer last year. Taylor is presently...

Wednesday, March 8, 2017 - 7:57am

Snap vaults venture investor Lightspeed into the Silicon Valley elite

By Heather Somerville SAN FRANCISCO (Reuters) - A decade ago, Lightspeed Venture Partners was an obscure firm investing in highly technical startups that were mostly unknown outside of Silicon Valley. The firm is now poised to cash in handily on the...

Wednesday, March 1, 2017 - 1:24pm

Ofo, Chinese bike-sharing firm, raises $450 million in latest funding round

SHANGHAI/HONG KONG (Reuters) - Chinese bike-sharing start-up ofo said it has raised $450 million in a fresh round of funding, as the firm faces up against deep-pocketed rival Mobike in one of the hottest sectors to attract tech investors. Investment group DST...

Wednesday, March 1, 2017 - 1:14am

Snapchat owner Snap Inc said to have worked on drone product: NY Times

(Reuters) - Snapchat's owner Snap Inc has worked on a drone that could help users take overhead videos and photographs and then feed that visual data to the company, the New York Times reported on Tuesday. It was unclear when or if Snap's drones would become...

Tuesday, February 28, 2017 - 11:48pm

Uber's self-driving unit quietly bought firm with tech at heart of Alphabet lawsuit

By Alexandria Sage SAN FRANCISCO (Reuters) - A company now owned by Uber last year quietly bought a small firm specializing in sensor technology used in autonomous vehicles, giving the ride services company a patent in the technology and possibly a defense...

Tuesday, February 28, 2017 - 11:09pm

Uber CEO says he must 'grow up' after argument with driver

(Editor's note: Please note language in 6th paragraph that may be offensive to some readers.) SAN FRANCISCO (Reuters) - Uber Technologies Inc Chief Executive Travis Kalanick on Tuesday said it was time for him to "grow up" and get help after a video was...

Tuesday, February 28, 2017 - 10:17pm

Salesforce.com forecasts lower-than-expected Q1 profit; shares fall

By Rishika Sadam and Stephen Nellis (Reuters) - Salesforce.com Inc <CRM.N> raised its revenue forecast for its full fiscal year to slightly above analysts expectations but lowered its outlook for its next quarter to a lower-than-expected profit, sending...

Tuesday, February 28, 2017 - 4:37pm

LG Electronics to build $250 million home appliance plant in U.S.

(Reuters) - South Korea's LG Electronics Inc said it would spend $250 million to build a new factory in the United States, in a move that comes amid criticism from U.S. President Donald Trump about companies manufacturing abroad for U.S. consumers. The U.S....

Tuesday, February 28, 2017 - 4:12pm