Technology News

Exclusive: Fake online stores reveal gamblers' shadow banking system

LONDON A network of dummy online stores offering household goods has been used as a front for internet gambling payments, a Reuters examination has found.The seven sites, operated out of Europe, purport to sell items including fabric, DVD cases, maps, gift wrap, mechanical tape, pin badges and flags. In fact, they are fake outlets, part of a multinational system to disguise payments for the $40 billion global on...

22 Jun 10:53 AM 0 Read More...

Nissan-Renault plan driverless ride-hailing service to beat off startup competition

TOKYO The Nissan Motor Co Ltd and Renault SA alliance plan to launch driverless ride-hailing and ride-sharing services in coming years, as the automakers look beyond making and selling cars to survive an industry being quickly transformed by new services.Automakers are leveraging expertise in automated driving functions for mass-market cars to develop mobility services, as they compete with tech firms such as Alp...

22 Jun 10:37 AM 0 Read More...

Twitter to let streaming video stars collect money from fans

SAN FRANCISCO Twitter Inc (TWTR.N) plans on Wednesday to launch a system for people to earn money by streaming live on its Periscope service, a first for Twitter and a way for the company to try to compete with YouTube and others in the search for internet talent.People watching Periscope will be able to send performers and broadcasters they like a gratuity using a variety of heart shapes that are, in effect, a v...

21 Jun 4:15 PM 0 Read More...

Uber CEO Travis Kalanick resigns under investor pressure

Uber Technologies Inc Chief Executive Travis Kalanick, co-founder one of the most influential technology companies of its generation, resigned on Tuesday under mounting pressure from investors over his leadership.Kalanick's departure caps a tumultuous period for the world's largest ride-services company, which upended the taxi industry and transportation regulations globally with Kalanick at the helm."I love Uber...

21 Jun 7:51 AM 0 Read More...

Uber co-founder Travis Kalanick resigns as chief executive: NYT

Uber Technologies Inc co-founder Travis Kalanick stepped down as chief executive of the ride-hailing service, the New York Times reported on Wednesday. Kalanick's exit came under pressure from Uber's investors, who were seeking his exit, the paper reported citing people with knowledge of the situation. nyti.ms/2soTB79 Uber was not ...

21 Jun 6:12 AM 0 Read More...

Toshiba picks Japan government-Bain group to buy chip unit, big hurdles remain

TOKYO Toshiba Corp (6502.T) has chosen a consortium of Japanese government investors and Bain Capital as the preferred bidder for its chip business, aiming to seal a deal worth some $18 billion by next week as it scrambles for funds to cover massive losses.But prospects for a clean early resolution to the sale of the world's No. 2 producer of NAND flash chips remain unclear as Western Digital (WDC.O), its chips b...

21 Jun 5:09 AM 0 Read More...

Japan government-Bain consortium chosen as preferred bidder for Toshiba chip unit

TOKYO Toshiba Corp (6502.T) said on Wednesday its board has chosen a Japanese government-led consortium as the preferred bidder for the conglomerate's prized flash memory chip business. The group consists of a state-backed fund, the Innovation Network Corp of Japan (INCJ), the Development Bank of Japan (DBJ), as well as U.S. private equity firm Bain Capital.South Korean chipmaker SK Hynix Inc (000660.KS) and the ...

21 Jun 3:30 AM 0 Read More...

Trump to meet with top executives on wireless tech, drones

WASHINGTON U.S. President Donald Trump will discuss advanced wireless technologies and drones on Thursday with top executives at AT&T Inc, Verizon Communications Inc, T-Mobile US Inc and other firms, focusing on how government can create the right environment for breakthroughs.AT&T Chief Executive Randall Stephenson, Sprint CEO Marcelo Claure and CenturyLink Inc CEO Glen Post will be among the executives ...

20 Jun 9:25 PM 0 Read More...

Uber to allow tips for drivers in reversal of longstanding policy

SAN FRANCISCO Uber said on Tuesday it will begin allowing drivers to collect tips through its smartphone app, part of the ride services company's broader effort to improve an often-contentious relationship.San Francisco-based Uber Technologies Inc [UBER.UL] had for years opposed adding a tipping feature to its app despite drivers' complaints that the extra money would help compensate for decreasing wages.Uber dri...

20 Jun 6:56 PM 0 Read More...

Uber to allow tipping for drivers, reversing long-standing policy

SAN FRANCISCO Uber Technologies Inc [UBER.UL] will, for the first time, allow drivers to collect tips through the Uber smartphone app, the company said on Tuesday, part of a broader effort to improve its often-contentious relationship with its drivers.Uber has for years opposed adding a tipping feature to the app, which upset drivers who have argued that tips would help compensate for decreasing wages. ...

20 Jun 5:33 PM 0 Read More...