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Flipkart reshuffle signals shift to margins over volume

MUMBAI/BENGALURU (Reuters) – Even before he was appointed to run India’s biggest e-commerce company, Kalyan Krishnamurthy had signaled a change: as head of sales at Flipkart he focused on profitable “big ticket” items, a shift away from the...
Posted On 12 Jan 2017

Trump news conference sets worldwide social media afire

NEW YORK (Reuters) – In his first news conference since the Nov. 8 election, President-elect Donald Trump set social media ablaze on Wednesday with remarks including harsh criticism of the press and a defense of his goal to improve ties with Russia. Source
Posted On 12 Jan 2017

Samsung chief questioned by prosecutors in South Korea political scandal

SEOUL (Reuters) – Special South Korean prosecutors questioned the head of top conglomerate Samsung Group [SAGR.UL] on suspicion of bribery on Thursday in an influence-peddling scandal that led to President Park Geun-hye’s impeachment. Source
Posted On 12 Jan 2017

Instagram adds advertising to Instagram Stories

(Reuters) – Facebook Inc’s Instagram is bringing more than 30 advertisers into one of its fastest-growing features, Instagram Stories, in a bid to boost advertising revenue, the company said on Wednesday. Source
Posted On 12 Jan 2017

Amazon halts sales of Indian flag doormat after visa threat

MUMBAI (Reuters) – Amazon.com removed doormats resembling the Indian tri-color flag from its Canadian website on Wednesday, after an Indian government threat to rescind visas of the U.S. company’s employees if they did not stop selling the product. Source
Posted On 12 Jan 2017

Trump, tech tycoons talk overhaul of H1B visas

NEW YORK/SAN FRANCISCO (Reuters) – President-elect Donald Trump’s transition team has been actively considering ways to revamp a temporary visa program used to bring foreign workers to the United States to fill high-skilled jobs, according to sources familiar with the...
Posted On 12 Jan 2017

China’s Xiaomi targets 2017 sales of $14.5 billion after 2016 overhaul

HONG KONG (Reuters) – China’s Xiaomi targets 2017 sales of over 100 billion yuan ($14.47 billion), Chief Executive Lei Jun said on Thursday, after a year that saw the firm fall down the smartphone vendor rankings while it overhauled its business. Source
Posted On 12 Jan 2017

Swiss clinch U.S. data exchange pact along lines of EU deal

ZURICH (Reuters) – Switzerland has struck an accord on exchanging personal data with the United States along the lines of a deal Washington and the European Union agreed last year aimed at ensuring Europeans’ data privacy, the government said on Wednesday. Source
Posted On 11 Jan 2017

European carmakers hope to catch Tesla with faster e-car chargers

FRANKFURT (Reuters) – Europe’s biggest carmakers are drawing on the full force of the continent’s industrial prowess to build a network of ultra-fast charging stations as they look to stoke demand for electric cars and break Tesla’s stranglehold on the...
Posted On 11 Jan 2017

Tesla taps Apple engineer for Autopilot software

(Reuters) – Electric carmaker Tesla Motors Inc has hired a key Apple Inc software engineer to oversee its Autopilot self-driving software efforts, Tesla said in a blog post Tuesday. Source
Posted On 11 Jan 2017