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Apple’s Cook says he disagrees with Trump, vows donations to rights groups

(Reuters) – Apple Inc (AAPL.O) CEO Tim Cook has joined a chorus of business leaders who have voiced their opposition to President Donald Trump after he blamed white nationalists and anti-racism activists equally for violence in Virginia over the weekend. Source
Posted On 17 Aug 2017

Sixt CEO hints at car-sharing merger talks between BMW and Daimler

FRANKFURT (Reuters) – German carmakers Daimler and BMW may be in talks to combine their car-sharing services Car2Go and DriveNow, the chief executive of car rental company and DriveNow partner Sixt hinted on Thursday. Source
Posted On 17 Aug 2017

Alibaba beats on earnings as e-commerce remains core revenue driver

BEIJING (Reuters) – Alibaba, China’s top e-commerce firm, beat analyst estimates with a 56 percent rise in first-quarter revenue, driven by strong online sales. Source
Posted On 17 Aug 2017

Wisconsin lawmakers debate billions in incentives for Foxconn plant

(Reuters) – The Wisconsin State Assembly on Thursday will consider a $3 billion incentive package for a proposed liquid-crystal display factory by Taiwan’s Foxconn, the first vote on the deal by a chamber of the state’s Republican-controlled legislature. Source
Posted On 17 Aug 2017

Ackman’s Pershing Square says ADP needs to streamline, modernize

BOSTON/NEW YORK (Reuters) – Billionaire activist investor William Ackman on Thursday said Automatic Data Processing Inc’s stock price could double in the next five years if the human resources outsourcing company cuts costs, streamlines its business and invests in...
Posted On 17 Aug 2017

U.S. e-sports platform to launch $100 million cryptocurrency sale in September

NEW YORK (Reuters) – Unikrn, a U.S. sports betting digital platform backed by some of the biggest names in media, entertainment and sports, will launch the sale of $100 million in cryptocurrency next month, the company’s co-founder and chief executive officer, Rahul...
Posted On 17 Aug 2017

Uber wins U.S. court appeal to push price-fixing case to arbitration

NEW YORK (Reuters) – Uber Technologies Inc [UBER.UL] on Thursday won a victory in its effort to keep unhappy customers from suing in court, persuading a federal appeals court to send a Connecticut passenger’s price-fixing case against the ride-service company into...
Posted On 17 Aug 2017

China targets Alibaba’s Taobao, other e-commerce sites, in VPN crackdown

BEIJING (Reuters) – Chinese authorities have issued a warning to the country’s top e-commerce platforms, including Alibaba Holding Group Ltd’s Taobao.com, over the sale of illegal virtual private networks that allow users to skirt state censorship controls. Source
Posted On 17 Aug 2017

ThoughtSpot raises $60 million, ends funding round for artificial intelligence technology

SAN FRANCISCO (Reuters) – Silicon Valley technology company ThoughtSpot has completed a $120 million funding round to fuel the start-up’s new artificial intelligence endeavor. Source
Posted On 17 Aug 2017

Hyundai plans long-range premium electric car in strategic shift

SEOUL (Reuters) – Hyundai Motor Co said on Thursday it was placing electric vehicles at the center of its product strategy – one that includes plans for a premium long-distance electric car as it seeks to catch up to Tesla and other rivals. Source
Posted On 17 Aug 2017