Technology News

Hellman & Friedman, Blackstone make 5.7 billion euro offer for Scout24

FRANKFURT (Reuters) - Hellman & Friedman and Blackstone have offered to buy online classifieds group Scout24 for 5.7 billion euros ($6.4 billion), including debt, potentially the biggest takeover of a listed German company by private equity. The investors said in a statement on Friday that Scout24’s management and supervisory board support the sweetened bid of 46 euros a share, which the private equity firms s...

15 Feb 8:55 AM 0 Read More...

Telecoms industry calls for Europe-wide network testing regime

FRANKFURT (Reuters) - The telecoms industry has called on European governments to join mobile operators in establishing a testing regime to protect network security without having to resort to the disruptive step of excluding vendors from the market. The initiative by the GSMA, which represents 800 operators worldwide, comes as the United States steps up pressure on its allies to ban China’s Huawei on national secu...

15 Feb 8:44 AM 0 Read More...

Australian miner Fortescue says two driverless trucks involved in low-speed incident

MELBOURNE (Reuters) - Australian iron ore miner Fortescue said on Friday that one of its driverless trucks, travelling at low speed, ran into another that was parked at its remote Western Australian operations in an incident earlier this week. The miner said in a statement that noone was hurt or at risk of being injured in the Feb. 11 incident. Fortescue is retrofitting 100 huge mining trucks with autonomous haulage...

15 Feb 8:22 AM 0 Read More...

Germany looks into tax move on foreign internet firms: report

FRANKFURT (Reuters) - Germany’s finance ministry is looking into the possibility of a 15 percent special tax on online advertising revenue collected by foreign internet companies such as Google or Facebook from German operators, Wirtschaftswoche magazine reported on Friday. The ministry was in the early stage of studying such a move, the weekly publication added. This move could entail treating payments for online ...

15 Feb 7:25 AM 0 Read More...

Seizing on Huawei's troubles, Samsung bets big on network gear

SEOUL (Reuters) - Samsung Electronics is pouring resources into its telecom network equipment business, aiming to capitalize on the security fears hobbling China’s Huawei, according to company officials and other industry executives. Those efforts include moving high-performing managers and numerous employees to the network division from its handset unit, two Samsung sources said. Potential customers are taking not...

15 Feb 6:36 AM 0 Read More...

Lyft to woo investors with fast U.S. growth in IPO race with Uber

SAN FRANCISCO/NEW YORK (Reuters) - Lyft Inc will pitch investors on its fast growth in the United States as it seeks to beat out Uber Technologies Inc to become the first publicly listed ride-hailing company, according to people familiar with the matter. Lyft plans to tell investors its U.S. market share is approaching 40 percent, up from 35 percent in early 2018, the people said. The company has pushed aggressively ...

15 Feb 6:18 AM 0 Read More...

China ride-hailing giant Didi to lay off 15 percent staff this year: source

SHANGHAI (Reuters) - Beijing-based ride-hailing giant Didi Chuxing will lay off 15 percent of its staff this year, or about 2,000 employees, a source familiar with the matter told Reuters on Friday. During a morning meeting with Didi management, its CEO Cheng Wei said the company will spend 2019 focusing on its core mobility services and cut business units it considers not critical to its main ride-hailing business, ...

15 Feb 4:38 AM 0 Read More...

How Amazon scrapped its plans for a New York headquarters

(Reuters) - More than a year of work to bring Amazon.com Inc’s headquarters and tens of thousands of jobs to New York City ended on Thursday with a couple of phone calls. Jay Carney, the company’s top policy executive, told New York Governor Andrew Cuomo that the world’s biggest online retailer would not go ahead with plans to invest $2.5 billion to build a second head office in the New York City borough of Que...

15 Feb 3:10 AM 0 Read More...

Nvidia full-year sales outlook tops analyst views; shares rise

(Reuters) - Chip maker Nvidia Corp on Thursday forecast sales for its current fiscal year that topped Wall Street expectations, sending its shares up 8 percent in late trading. The Santa Clara, California-based company said it expected revenues for its fiscal 2020 year to be “flat or down slightly” from the $11.7 billion it recorded in the just-ended fiscal year. The forecast exceeds the $10.8 billion in revenue ...

15 Feb 12:47 AM 0 Read More...

Berkshire trims Apple stake, adds Suncor and Red Hat, exits Oracle

(Reuters) - Warren Buffett’s Berkshire Hathaway Inc said it has trimmed its stake in iPhone maker Apple Inc, though none of the selling was Buffett’s, and added positions in Canada’s Suncor Energy Inc and software company Red Hat Inc. Berkshire also appeared to have shed a $2.13 billion stake in database software company Oracle Corp after having first disclosed it in November. It is rare for Berkshire, which ow...

14 Feb 11:40 PM 0 Read More...