SHANGHAI (Reuters) – Baidu Inc said on Friday it had led an investment round into green car start-up NextEV, as the Chinese search engine giant looks for new growth drivers and as competition heats up in the fast-growing electric vehicles market. Source
NEW YORK (Reuters) – Only two years ago, an outage similar to the one that struck Amazon’s cloud services last month would have reinforced U.S. financial firms’ view that shifting data and systems onto the public cloud was just too risky. Source
SAN FRANCISCO (Reuters) – A U.S. judge gave final approval on Thursday to a settlement agreement in a class-action lawsuit against Lyft Inc, ending a legal case that challenged the independent contractor status of the ride-hailing service’s drivers. Source
SAN FRANCISCO (Reuters) – Snap Inc shares tumbled below $20 on Thursday for the first time since the company’s $3.4 billion public listing after the Snapchat owner received another “sell” rating from an analyst. Source
SAN FRANCISCO (Reuters) – A lawyer for Uber [UBER.UL] told a federal judge on Thursday he intended to file a petition to compel arbitration in the Waymo trade secrets theft case, citing an agreement signed by a former Waymo employee who is at the heart of the case. Source
BEIJING (Reuters) – Ant Financial Services Group, the world’s largest financial technology company, is confident of closing the acquisition of U.S. money-transfer firm MoneyGram International Inc but says it has other options if the deal falls through, its top...
BRUSSELS (Reuters) – Social media companies Facebook Inc, Alphabet Inc and Twitter Inc will have to amend their terms of service for European users within a month or face the risk of fines, a European Commission official said on Friday. Source
TOKYO (Reuters) – The Japanese government said it was not considering steps to support embattled Toshiba Corp and will share information with Washington on developments involving the firm and its U.S. nuclear unit Westinghouse. Source