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Uber’s vice president of global vehicle programs leaves company

(Reuters) – Uber Technologies Inc [UBER.UL] said on Monday that its vice president of global vehicle programs, who played a role in the company’s self-driving car program, has left the company. Source
Posted On 18 Apr 2017

IRobot sues Hoover, other rivals over robot vacuum patents

(Reuters) – IRobot, the maker of the popular Roomba robotic vacuum, brought a string of lawsuits on Monday accusing rivals including The Hoover Co and Black & Decker Corp of using its patented technology without permission. Source
Posted On 18 Apr 2017

China’s Ant hikes MoneyGram bid by over a third, beats rival U.S. offer

BEIJING (Reuters) – China’s Ant Financial has sweetened its bid for MoneyGram International Inc by over a third, beating a rival offer to gain approval from the U.S. electronic payment firm’s board, although it still faces regulatory hurdles. Source
Posted On 18 Apr 2017

Snap stock falls as alleged CEO comments rile some on social media

SAN FRANCISCO (Reuters) – Shares of Snap fell 1.5 percent on Monday as the Snapchat owner faced criticism for comments allegedly made by its CEO about not prioritizing growth in India and Spain because they were “poor” countries. Source
Posted On 18 Apr 2017

INCJ looking at Toshiba chip unit auction; didn’t bid in first round

TOKYO (Reuters) – The state-backed fund Innovation Network Corp of Japan is looking at the auction of Toshiba Corp’s chip unit but did not participate in first-round bidding, INCJ Chairman Toshiyuki Shiga said on Tuesday. Source
Posted On 18 Apr 2017

New York City taxi commission plans to force Uber to add driver tipping feature

SAN FRANCISCO (Reuters) – Ride-services company Uber Technologies Inc may be required to provide passengers a way to tip their drivers, despite its longstanding resistance, if a plan by New York City’s taxi regulator is implemented. Source
Posted On 18 Apr 2017

Google to open up Android to rivals in out-of-court deal with Russia

MOSCOW (Reuters) – Alphabet Inc’s Google will open up its popular Android mobile operating system to rival search engines in Russia as part of a deal to settle a two-year dispute with Russian competition authorities. Source
Posted On 18 Apr 2017

Buffett’s Berkshire, Chinese property website team up

(Reuters) – A real estate brokerage controlled by Warren Buffett’s Berkshire Hathaway Inc on Monday announced a marketing agreement with, China’s largest international property website, to attract wealthy Chinese citizens hoping to buy homes in the...
Posted On 18 Apr 2017

Netflix shares head for new high after strong subscriber outlook

(Reuters) – Netflix Inc made a bullish forecast for subscriber additions by mid-year, a positive sign for its push to expand around the world that sent its shares toward an all-time high. Source
Posted On 18 Apr 2017

Sao Paulo judge rules Uber drivers are employees, deserve benefits

SAO PAULO (Reuters) – A judge in Brazil’s biggest city ruled this week that a driver using the Uber [UBER.UL] ride-hailing app is an employee of the San-Francisco-based company, threatening its business model in one of its biggest markets. Source
Posted On 17 Apr 2017