Technology News

FBI chief says agency 'deeply concerned' about any company like China's ZTE

WASHINGTON (Reuters) - FBI Director Christopher Wray told a Senate panel on Wednesday that the law enforcement agency is “deeply concerned” about any company like China’s ZTE gaining positions of power in the U.S. telecommunications market. Director of the Federal Bureau of Investigation Christopher Wray testifies to a Senate Appropriations Commerce, Justice, Science, and Related Agencies Subcommittee hearing o...

16 May 7:45 PM 0 Read More...

New York court to hear shareholder objections to Oi bankruptcy plan

SAO PAULO (Reuters) - A New York court is set to hear a dispute involving Brazilian telecoms company Oi SA and major shareholder Bratel Brasil SA, Bratel said in a statement on Wednesday, as shareholder discontent with Oi’s bankruptcy recovery process shows no signs of abating. On Friday, Bratel, a subsidiary of Portugal’s Pharol SGPS SA, which owns almost 28 percent of Oi’s common shares, said it had filed a l...

16 May 6:57 PM 0 Read More...

Square's bitcoin move has caused internal disagreement: CEO Dorsey

NEW YORK (Reuters) - Square Inc’s (SQ.N) decision to allow users of its mobile app to buy and sell bitcoin this year was a “pretty contentious move within the company” and remains a source of internal tension, the payment processor’s CEO Jack Dorsey said on Wednesday. Jack Dorsey, CEO and co-founder of Twitter and founder and CEO of Square, speaks at the Consensus 2018 blockchain technology conference in New ...

16 May 6:15 PM 0 Read More...

U.S. net neutrality bill advances in the Senate

WASHINGTON (Reuters) - The U.S. Senate voted 52 to 47 to advance a bill that would reverse the Federal Communications Commission decision in December to repeal landmark 2015 net neutrality rules. The margin was larger than expected with three Republicans voting with 47 Democrats and two independents. Many politicians are convinced the issue will help motivate younger people to vote in the 2018 congressional elections...

16 May 5:07 PM 0 Read More...

Facebook's Zuckerberg to meet European Parliament over privacy

BRUSSELS (Reuters) - Facebook CEO Mark Zuckerberg will meet the leaders of the European Parliament to answer questions about the improper use of millions of users’ data by a political consultancy, as pressure on the company’s protection of data continues. FILE PHOTO: Facebook CEO Mark Zuckerberg arrives to testify before a Senate Judiciary and Commerce Committees joint hearing regarding the company’s use and pr...

16 May 4:40 PM 0 Read More...

Amazon cuts Whole Foods prices for Prime members in new grocery showdown

(Reuters) - Amazon.com Inc and Whole Foods Market are making a surgical strike in the already brutal grocery price war. FILE PICTURE - The logo of the web service Amazon is pictured in this June 8, 2017 illustration photo. REUTERS/Carlos Jasso/Illustration/File PhotoOn Wednesday, Whole Foods debuted a much-anticipated loyalty program that offers special discounts to Prime customers, including 10 percent off hundreds...

16 May 4:10 AM 0 Read More...

U.S. investigating Cambridge Analytica: New York Times

WASHINGTON (Reuters) - The U.S. Justice Department and the FBI are investigating Cambridge Analytica, a now-defunct political data firm embroiled in a scandal over its handling of Facebook Inc user information, the New York Times reported on Tuesday. A person works on a laptop in the empty offices of Cambridge Analytica in Washington, D.C., U.S., May 2, 2018. REUTERS/Leah MillisProsecutors have sought to question for...

16 May 1:01 AM 0 Read More...

Meet Tesla's new bondholder: Billionaire George Soros

NEW YORK (Reuters) - The investment firm founded and chaired by billionaire George Soros took a stake in Tesla Inc (TSLA.O) bonds during the first three months of the year, giving the electric carmaker run by Elon Musk a prominent supporter. FILE PHOTO - Business magnate George Soros arrives to speak at the Open Russia Club in London, Britain June 20, 2016. REUTERS/Luke MacGregor/File PhotoSoros Fund Management LLC t...

16 May 12:20 AM 0 Read More...

Amazon to open checkout-free stores in Chicago and San Francisco

(Reuters) - Amazon.com Inc (AMZN.O) is bringing its grocery store without checkout lines to Chicago and San Francisco, the company said in a statement this week, confirming reports it will expand the concept beyond its pilot in Seattle. People are offered free reusable bags as they enter the new Amazon Go store at Amazon's Seattle headquarters in Seattle, Washington, U.S., January 29, 2018. REUTERS/Lindsey Wasson Kn...

15 May 9:07 PM 0 Read More...

Tesla plans six-day stoppage at factory for assembly line fixes: sources

SAN FRANCISCO (Reuters) - Tesla Inc (TSLA.O) will pause production at its California factory for six days at the end of the May to work on fixes to its assembly line for its new Model 3 sedan, sources inside the company told Reuters. A Tesla logo is seen in Los Angeles, California U.S. January 12, 2018. REUTERS/Lucy Nicholson The Silicon Valley luxury electric car maker previously warned of 10 days of temporary shut...

15 May 6:52 PM 0 Read More...