Technology News
Tesla nears three-month low as JPMorgan adds to deal doubts8/20/2018 6:43:35 PM Tesla Inc shares fell nearly 4 percent on Monday as a $113 cut in JPMorgan Chase's price target for the electric carmaker added to growing doubts among market players about a plan to take the company private.Gatwick, UK's no.2 airport, shows flights on white boards after IT fails8/20/2018 6:17:22 PM Gatwick, Britain's second busiest airport, was forced to post flight information on white boards on Monday after an IT glitch meant its digital screens failed.UK luxury retailer Farfetch aims for New York listing8/20/2018 4:55:24 PM Online fashion retailer Farfetch plans to float on the New York Stock Exchange, the London-based firm said on Monday, seeking to capitalize on rapid growth in luxury sales on the web.Chinese investors protest in Shanghai's financial district over P2P woes8/20/2018 2:09:22 PM Investors in Chinese online peer-to-peer (P2P) lending platform PPMiao protested at the offices of one of the company's shareholders in Shanghai's financial district on Monday, in the latest manifestation of problems facing the industry.Apple removes illegal lottery apps from China store8/20/2018 11:18:47 AM Apple Inc says it has pulled illegal lottery apps from its App Store in China amid tightening regulation and a barrage of criticism from state media.Rocket Internet says CFO Kimpel has resigned8/20/2018 10:32:03 AM Rocket Internet's finance chief Peter Kimpel had resigned to pursue a new management challenge, the German company said in a statement on Monday.India's Infosys says CFO Ranganath has tendered resignation8/18/2018 11:22:17 AM The Chief Financial Officer of Infosys Ltd has tendered his resignation just seven months after India's second-biggest software services exporter appointed a new Chief Executive Officer.Indonesia's Go-Jek close to profits in all segments, except transport: CEO8/18/2018 9:11:21 AM Go-Jek, Indonesia's first billion-dollar startup, is "extremely close" to achieving profitability in all its segments, except transportation, its founder and CEO Nadiem Makarim told Reuters.Exclusive: U.S. government seeks Facebook help to wiretap Messenger - sources8/18/2018 4:12:17 AM The U.S. government is trying to force Facebook Inc to break the encryption in its popular Messenger app so law enforcement may listen to a suspect's voice conversations in a criminal probe, three people briefed on the case said, resurrecting the issue of whether companies can be compelled to alter their products to enable surveillance.Tencent-backed Qutoutiao files for U.S. IPO8/18/2018 2:48:22 AM Chinese content aggregator Qutoutiao Inc, which is backed by technology giant Tencent Holdings Ltd, filed for an initial public offering of up to $300 million with the U.S. Securities and Exchange Commission on Friday.Tesla stock sinks after Musk gives tearful NYT interview8/18/2018 12:30:44 AM Tesla Inc's shares slumped 9 percent on Friday after Chief Executive Officer Elon Musk told the New York Times he was under major emotional stress and was preparing for "extreme torture" from short sellers.Nvidia forecast lags Wall Street as crypto demand evaporates8/17/2018 11:07:43 PM Nvidia Corp shares fell as much as 5 percent in after-hours trading on Thursday after the chip maker said cryptocurrency-fueled demand had dried up and it forecast sales below Wall Street targets, overshadowing quarterly results that otherwise beat expectations.Investors query funding costs at a private Tesla8/17/2018 10:57:28 PM Several Tesla Inc shareholders have told Reuters they are concerned that the electric car maker will have to pay more to fund its growth if it becomes a private company and loses the ability to sell new shares to stock market investors.Angry Birds maker Rovio's games get sales boost8/17/2018 9:04:07 PM Rovio Entertainment , the maker of the "Angry Birds" mobile game series and movie, on Friday reported an increase in second-quarter sales at its games business, providing a positive sign for investors after a profit warning in February.U.S. value stocks capitalize on 'FANG' stumbles, with room to run8/17/2018 8:59:43 PM The summer roller-coaster in two of the four big-cap 'FANG' names - Facebook Inc, Inc, Netflix Inc and Google-parent Alphabet Inc - has led to a shift, albeit slight, into value stocks.Uber to push further into East Africa with services like Chap Chap8/17/2018 8:00:21 PM Uber [UBER.UL] the global ride-hailing company, is considering expanding into two other East African countries before the end of 2018, focusing on low cost services like Chap Chap in Kenya, the company said on Friday.Musk's SpaceX could help fund take-private deal for Tesla: NYT8/17/2018 7:30:50 PM Elon Musk's rocket company, SpaceX, could help fund a bid to take electric car company Tesla Inc private, the New York Times reported on Thursday, quoting people familiar with the matter.Uber opens Brazil center to improve driver, passenger safety8/17/2018 7:20:50 PM Ride-hailing company Uber Technologies Inc [UBER.UL] plans to open a 250 million reais ($64 million) center in Brazil to develop technology to improve safety for its riders and drivers, including for drivers to accept cash, a key payment method in its rapid expansion in Latin America, the company said on Friday.Brazil mall executives shrug off looming expansion8/17/2018 6:42:18 PM Fears of e-commerce taking off in Brazil have sunk shares of the country's big mall operators this year, but industry executives expressed confidence that local shopping habits, the reputation of malls as public spaces safe from crime and other factors will help them avoid the shakeout that has hit their U.S. peers.British watchdog says cryptocurrency scams on the rise8/17/2018 5:08:17 PM Cryptocurrency scams are using images of celebrities and upmarket London addresses to hoodwink consumers into parting with cash, Britain's Financial Conduct Authority has said.