Technology News

Analysts at Lyft underwriters say buy falling stock

(Reuters) - Wall Street’s public opinion of Lyft Inc took a major turn for the positive on Tuesday, after analysts at many of the banks that worked on its initial public offering urged clients to buy the ride hailer’s underperforming shares. After the required 25-day wait for deal underwriters to issue an investment opinion following an IPO, at least eight of the banks that brought Lyft public last month came...

23 Apr 2:12 PM 0 Read More...

Waymo picks Detroit factory for self-driving fleet, to be operational by mid-2019

SAN FRANCISCO (Reuters) - Alphabet Inc’s Waymo said on Tuesday it had chosen a factory in Detroit to mass produce self-driving cars, looking to the historical heart of the auto industry to build the vehicles of the future. The company’s chief executive, John Krafcik, said in a blog post that Waymo would partner with American Axle & Manufacturing to lease and repurpose an existing Detroit facility that will be...

23 Apr 2:05 PM 0 Read More...

Trump urges creation of 'fairer' companies amid spat with Twitter

WASHINGTON (Reuters) - U.S. President Donald Trump on Tuesday called for the creation of “more, and fairer” social media companies in response to discrimination he said he has faced as a Republican from Twitter Inc. He also cheered the involvement of U.S. lawmakers, who have called on executive from several technology companies to testify in connection to various scandals. “No wonder Congress wants to get invol...

23 Apr 12:40 PM 0 Read More...

Twitter posts revenue beat, surprise user growth

NEW YORK (Reuters) - Twitter Inc on Tuesday posted better-than-expected quarterly revenue and a surprise rise in monthly active users, showing its efforts to delete spam accounts and better police posts were paying off by attracting more users and ad dollars. Twitter shares surged nearly 10 percent shortly after the first-quarter earnings announcement in premarket trade. It was the company’s last quarter of disclo...

23 Apr 12:22 PM 0 Read More...

Verizon raises full-year profit forecast

(Reuters) - Verizon Communications Inc on Tuesday raised its 2019 profit forecast and beat Wall Street estimates for quarterly earnings, as the largest U.S. wireless carrier prepares for a wider 5G services rollout in the United States. The carrier now expects low single-digit percentage growth in adjusted profit, after previously saying that its 2019 profit would be similar to what it reported a year earlier. Verizo...

23 Apr 11:58 AM 0 Read More...

Lyft underwriters hail promising future as Uber looms

(Reuters) - Lyft Inc picked up upbeat ratings from the brokerage arms of its Wall Street underwriters on Tuesday, allowing the ride-hailing company to recover some of the damage done to its share price in the run-up to the debut of larger rival Uber Technologies Inc. Lyft shares, which as of Monday’s close were down 30 percent from its initial public offering debut on March 29, rose 2.5 pct to $62.49 in trading bef...

23 Apr 10:42 AM 0 Read More...

Amazon strengthens ties with French food retailer Casino

PARIS (Reuters) - E-commerce giant Amazon and French retailer Casino are expanding their partnership, with Amazon installing pick-up lockers in Casino stores and more of the French company’s products to be available on Amazon. The move, which follows an initial co-operation between Casino’s upmarket Monoprix supermarket chain and Amazon in Paris, could re-ignite speculation of a bigger deal later on. An Amazon sp...

23 Apr 8:05 AM 0 Read More...

French supermarket retailer Casino expands partnership with Amazon

PARIS (Reuters) - French supermarket retailer Casino said it was beefing up its partnership with tech giant Amazon following the success of an earlier deal between its Monoprix supermarket chain and Amazon in Paris. The new, extended partnership entails the installation of so-called Amazon lockers in 1,000 locations across France in nine of the company’s main brands, including Monoprix, Monop, Geant, Hyper Casino, ...

23 Apr 6:17 AM 0 Read More...

Samsung retrieving all Galaxy Fold samples after defect reports: source

SEOUL (Reuters) - Samsung Electronics Co Ltd is retrieving all Galaxy Fold samples distributed to reviewers to investigate reports of broken screens, a day after it postponed the phone’s launch, a person with direct knowledge of the matter said on Tuesday. The retrieval comes as the world’s biggest smartphone maker met with embarrassment ahead of the foldable device’s U.S. release on April 26, with a handful of...

23 Apr 6:15 AM 0 Read More...

Facebook's flood of languages leave it struggling to monitor content

NAIROBI/SAN FRANCISCO (Reuters) - Facebook Inc’s struggles with hate speech and other types of problematic content are being hampered by the company’s inability to keep up with a flood of new languages as mobile phones bring social media to every corner of the globe. The company offers its 2.3 billion users features such as menus and prompts in 111 different languages, deemed to be officially supported. Reuters h...

23 Apr 6:04 AM 0 Read More...