Tag: tech

June 23, 2017

A California state judge said on Thursday that San Francisco can demand from Uber records containing the ride-hailing company’s driver contact information, the city attorney said. San Francisco City Attorney Dennis Herrera last month sought a court order compelling Uber […]

June 20, 2017

Meal-delivery startup Freshly has raised $77 million in new funds, financing that was led by Swiss-based food giant Nestle. On Tuesday, Freshly announced a new Series C funding round that also was supported by existing investors including Highland Capital Partners, […]

May 22, 2017

A closely-watched fight between the Internal Revenue Service and a popular bitcoin exchange took a new twist last week, as senior Republicans in Congress sent a sharply-worded letter that suggests the tax agency is overstepping its powers. The letter concerns […]

April 13, 2017

Even as Samsung Electronics (SSNLF, 0.00%) is poised to deliver a surge in earnings to an all-time high this year, some investors are already starting to fret the tech giant will soon become a victim of its own success. With […]

April 12, 2017

Artificial Intelligence (AI) is indeed moving tremendously. Its prospects have left many worried, for it’s assumed that job automation portends great danger to humanity. Arguing about the credibility or otherwise of this claim is however not the intent of this […]

April 12, 2017

Ride-hailing services company Lyft attracted a number of new investors in its latest round of fundraising, including famed private equity firm KKR (KKR.CO-L-P), AllianceBernstein (AWF, -0.39%), Baillie Gifford, and Canada’s Public Sector Pension Investment Board. Existing investors Rakuten (RKUNF, +0.69%) […]

April 11, 2017

Boeing (BA, -0.72%) hired Norsk Titanium to print the first structural titanium parts for its 787 Dreamliner, a shift that the Norwegian 3D printing company said would eventually shave $2 million to $3 million off the cost of each plane. […]

April 7, 2017

Samsung Electronics (SSNLF, 0.00%) forecast on Friday its best quarterly profit in more than three years in the January-March period, beating expectations and putting it on track for record annual earnings on the back of a memory chip super-cycle. The […]

February 2, 2017

Samsung Electronics (SSNLF, +7.14%) may build a U.S. plant for its home appliances business, a person familiar with the matter said, the latest global firm to consider a response to criticism about imports from new U.S. President Donald Trump. Specifics […]

February 1, 2017

Amazon.com (AMZN, -0.83%) plans to invest $1.49 billion to build a large air cargo hub in northern Kentucky, state officials said on Tuesday, stoking expectations it may one day opt to directly compete with FedEx (FDX, -2.14%) and United Parcel […]

January 23, 2017

Apple (AAPL, +0.20%) filed a $1 billion lawsuit against supplier Qualcomm (QCOM, -2.42%) on Friday, days after the U.S. government accused the chip maker of resorting to anticompetitive tactics to maintain a monopoly over key semiconductors in mobile phones. Qualcomm […]

December 23, 2016

Messaging app Snapchat is buying Israeli augmented reality startup Cimagine Media for an estimated $30-$40 million, marking Snapchat’s first acquisition in Israel, the Calcalist financial daily reported on Sunday. Cimagine developed True Marketless Augmented Reality—technology that allows users to virtually […]

December 22, 2016

For many New York City office workers, an honest lunch break is a phenomenon long near extinction. Taking a half-hour — or, the horror, a full hour away from work to chow down is a rare luxury. It’s natural, then, […]

December 19, 2016

Ireland accused the European Commission on Monday of exceeding its powers and interfering with the EU member’s national sovereignty over tax affairs in ruling that Apple AAPL 0.10% owes Dublin billions of euros in taxes, saying it had failed to […]

December 12, 2016

Nearly two dozen of the world’s most successful business leaders, entrepreneurs, and venture capitalists will invest up to $1 billion in a fund led by Microsoft-co-founder Bill Gates that aims to reduce greenhouse gas emissions to almost zero by financing […]

November 28, 2016

Banks involved in the blockchain consortium R3 CEV have expressed interest in investing $59 million in the company’s first funding round, less than half its overall target, a person close to the deal said on Friday. R3, a New York-based […]

November 15, 2016

Mobile data traffic is exploding by almost any measure as people increasingly use their phones to watch NFL games, listen to Beyonce tracks and post Snapchat stories. The average North American smartphone subscriber used just over 5 GB of data […]

October 24, 2016

A group of SunEdison lenders took control of the renewable energy developer after inking a “sweetheart deal” to try to save their investment as the company approached bankruptcy, hurting other creditors, according to a lawsuit filed late Thursday in U.S. […]

October 17, 2016

Tencent Holdings said a consortium formed to buy game developer Supercell has raised $850 million by selling new shares to investors including Chinese state-owned investment firms AVIC Capital and CITIC Capital. Tencent TCEHY 0.67% , China’s biggest gaming groupagreed in […]

October 7, 2016

Coupa Software’s mission hinges on the thesis that companies are willing to spend money to save money. That argument went over well with investors on Thursday during the cloud software company’s Nasdaq debut. The company’s shares reached a high of […]