JPMorgan's Dimon says Bitcoin 'is a fraud' and will blow up
2017-09-12 21:06:11 UTC
NEW YORK (Reuters) - Bitcoin “is a fraud” and will blow up, Jamie Dimon, chief executive of JPMorgan Chase & Co (JPM.N), said on Tuesday.
Speaking at an investor conference in New York, Dimon said, “The currency isn’t going to work. You can’t h...
Apple rolled out its much-anticipated iPhone X and cellular Watch
2017-09-12 19:21:35 UTC
CUPERTINO, Calif. (Reuters) - Apple Inc on Tuesday rolled out its much-anticipated iPhone X, a redesigned product of glass and stainless steel with an edge-to-edge display that Apple Chief Executive Tim Cook called “the biggest leap forward since ...
Brexit may force Toyota to shift some UK production elsewhere
2017-09-12 18:54:54 UTC
FRANKFURT (Reuters) - Deepening uncertainties over the direction and timetable of Brexit negotiations may force Toyota to shift some UK production elsewhere if they are not addressed, the Japanese carmaker warned on Tuesday.
Early government as...
Equifax Hack Exposes Data of Up to 143 Million Customers
2017-09-08 17:21:16 UTC
By Yashaswini Swamynathan
(Reuters) - Equifax Inc, a provider of consumer credit scores, said on Thursday that personal details of as many as 143 million U.S. consumers were accessed by hackers between mid-May and July, in what could be one of ...
North Korea Missile Test Jolts Investors: U.S. Stocks Drop
2017-08-29 14:07:59 UTC
(Reuters) - The Dow fell more than 100 points at the open on Tuesday as North Korea’s missile test over Japan prompted President Donald Trump to warn that “all options are on the table”, triggering a flight to safety among investors.
Samsung Vice Chairman Jay Y. Lee sentenced for five years
2017-08-25 07:18:22 UTC
SEOUL (Reuters) - A South Korean court jailed Samsung Electronics Vice Chairman Jay Y. Lee for five years on Friday.
The Seoul Central District Court was delivering its verdict on charges against Lee, 49, ranging from bribery to perjury in a sc...
Whole Foods' Competitors Fear Amazon Price Cuts
2017-08-25 06:36:18 UTC
(Reuters) - Amazon said it will cut prices on a range of popular goods as it completes its acquisition of Whole Foods Market, sending shares of rival grocers tumbling on fears that brutal market share battles will intensify.
Amazon’s $13.7 bill...
Fired Google Engineer Hires Lawyer in Free Speech Case
2017-08-24 17:30:02 UTC
Google found itself at the epicenter of controversy this month after a 10-page anti-diversity manifesto written by one of its employees, which had circulated internally at the company, went viral. James Damore, the employee who wrote the memo—whic...
U.S. workers have low hopes for higher pay
2017-08-21 17:01:39 UTC
NEW YORK (Reuters) - U.S. workers see little hope for higher paychecks, and while they are increasingly searching for new jobs, they expect fewer offers to fall into their laps, according to a Federal Reserve survey published on Monday.
Trump disbanded business councils after CEOs exit
2017-08-16 18:35:17 UTC
WASHINGTON/NEW YORK (Reuters) - U.S. President Donald Trump disbanded two high-profile business advisory councils on Wednesday after corporate CEOs quit in protest at his remarks blaming violence in Charlottesville, Virginia, not only on white nat...
Google takes action against 'anti-diversity memo'
2017-08-08 04:49:59 UTC
San Francisco (Reuters) - Internet giant Google has fired the male engineer at the center of an uproar in Silicon Valley over the past week after he authored an internal memo asserting there are biological causes behind gender inequality in the te...
Apple to launch 'Call Watches' without needing an iPhone
2017-08-04 22:52:29 UTC
(Reuters) - Apple Inc plans to release a version of its smartwatch later this year that can connect directly to cellular networks, Bloomberg reported on Friday, citing people familiar with the matter.
Some of the new models for the Apple Watch ...
Apple bends to the will of China after Putin bans Apps
2017-08-02 19:47:45 UTC
Apple Conforms To Chinese Law Pulls Apps From China App Store As Russia Signs Law Banning Their Use.
Russia has signed a law banning the use of virtual private networks (VPNs) that enable users to gain access to websites banned in Russia.
Facebook's Sheryl Sandberg: We need to start paying women well
2017-07-31 04:47:45 UTC
LONDON (Reuters) - Facebook Inc Chief Operating Officer Sheryl Sandberg called on governments and companies to do more to close the gender pay gap on Sunday and said both girls and boys should be encouraged to become leaders from an early age.
Tesla delivers the first 30 of its Model 3 cars in California
2017-07-30 16:01:45 UTC
FREMONT, Calif. (Reuters) - Tesla Chief Executive Officer Elon Musk said on Friday the Model 3 had over half a million advance reservations as he handed over the first 30 to employee buyers, setting the stage for the biggest test yet of the compan...
US automakers expect a rougher ride for the rest of the year
2017-07-26 19:53:53 UTC
DETROIT (Reuters) - Ford Motor Co on Wednesday joined rival General Motors Co in reporting higher-than-expected second-quarter profits, and in the next breath warning of a rougher ride for the rest of the year.
Ford said full-year pre-tax profi...
Toyota long-range electric car needs just minutes for charging
2017-07-25 04:21:56 UTC
TOKYO (Reuters) - Toyota Motor Corp is working on an electric car powered by a new type of battery that significantly increases driving range and reduces charging time, aiming to begin sales in 2022, the Chunichi Shimbun daily reported on Tuesday....
Hottest Tech startups don't need venture capital money
2017-07-24 07:00:59 UTC
NEW YORK (Reuters) - U.S. venture capital firms lining up for a slice of the burgeoning digital currency market are grappling with a novel challenge - some of the hottest tech startups that sell the coins just don't need their money.
Only a few...
ExxonMobil Fined $2M for Russia Sanctions Breach Under CEO Tillerson
2017-07-22 08:02:32 UTC
<blockquote>Washington - The U.S. Treasury Department has fined ExxonMobil $2 million for violating U.S. sanctions against Russia three years ago, when Secretary of State Rex Tillerson served as the oil company’s CEO.
The Treasury said ExxonMo...
Brexit EU hub: Morgan Stanley & Citigroup choosing Frankfurt
2017-07-19 16:48:26 UTC
FRANKFURT/LONDON (Reuters) - Morgan Stanley has chosen Frankfurt to be the new base for its European Union operations as Britain prepares to leave the bloc, according to a source familiar with the matter, becoming the latest U.S. bank to pick the ...
Google Earth users will be able to post stories, video and photos
2017-07-14 22:16:57 UTC
RIO DE JANEIRO (Reuters) - Google wants users to post millions of stories, video and photos on its 'Google Earth' platform in the next few years, the program chief said on Tuesday at a launch event in Brazil for content focused on showcasing the A...
US auto industry has been bracing for a downturn
2017-07-03 16:51:23 UTC
The U.S. auto industry has been bracing for a downturn after hitting a record 17.55 million new vehicles sold in 2016. A glut of nearly new used vehicles poses competition for new vehicle sales and automakers have relied increasingly on high consu...
Tesla Model 3 passed all regulatory requirements for production
2017-07-03 06:23:42 UTC
Tesla Inc's high-volume Model 3 sedan passed all regulatory requirements for production two weeks ahead of schedule, Chief Executive Elon Musk tweeted on Sunday night.
Musk said in May that Tesla was on track to begin production of the $35,000 ...
US Tech tried to soften on dealing with the Russian spy agency
2017-06-30 19:19:32 UTC
WASHINGTON/MOSCOW — As U.S. officials investigated in January the FSB's alleged role in election cyber attacks, U.S. technology firms were quietly lobbying the government to soften a ban on dealing with the Russian spy agency, people with direct k...
VW to spend $800 million in California and a total of $2 billion nationwide on clean car infrastructure
2017-06-29 23:39:43 UTC
San Francisco — Volkswagen AG on Thursday told California it was expanding efforts to build electric car infrastructure in poorer communities, responding to regulators who described "shortcomings" in VW's plan.
The California Air Resources Boar...