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. The deal sets a new precedent for the tech giant, which faces multiple complaints worldwide that it is abusing its dominant position by
Wal-Mart Stores Inc’s bid for clothing retailer Bonobos, which surfaced last week, is the latest step in the company’s attempt to recover lost ground against Amazon.com Inc and others in the rapidly growing online fashion world, analysts and retail consultants said. If Wal-Mart succeeds, the move into fashion also would advance its effort to access
Twitter Inc’s chief executive, Jack Dorsey, continued to forego direct compensation and Peter Fenton, a board member since 2009, will leave after the company’s annual meet in May, a regulatory filing showed on Friday. Fenton, who is a partner at venture capital firm Benchmark Capital, will not seek re-election after his term expires, the microblogging
Members of the Porsche-Piech clan that controls Volkswagen (VOWG_p.DE) will no longer be eligible to serve as executives of the carmaker, Porsche Automobil Holding SE (PSHG_p.DE) Chairman Wolfgang Porsche told a German newspaper. “That no family member is active in the operating business must apply to Porsche SE and the whole Volkswagen group,” Frankfurter Allgemeine
Facebook said Wednesday that it is taking more steps to crack down on its network’s “revenge porn” problem, including a new process that prevents users from reposting intimate images shared without the subject’s consent. While Facebook’s community guidelines already forbid posting revenge porn, the social network said it will now identify and catalogue specific images
Zero market share isn’t usually considered a cause for celebration, but as UK-based fintech startup Monzo prepares to launch a smartphone-based banking venture in February of next year, CEO Blomfield sees distinct benefits in building a customer base from scratch. Well, perhaps not quite from scratch. Established in 2015, Monzo (originally Mondo) has already carved
The mobility vision is an easy sell. Equip them with the latest smartphones, touchscreens and tablets and your people can work anytime, anywhere. They’re free from the tyranny of their desk. They can communicate easily and work collaboratively even if they’re on the other side of the world. They can be more flexible and get
Apple Inc’s (AAPL.O) decision to stop licensing graphics chips from Imagination Technologies Group Plc (IMG.L) is the clearest example yet of the iPhone maker’s determination to take greater control of the core technologies in its products – both to guard its hefty margins and to position it for future innovations, especially in so-called augmented reality.
Deutsche Bank AG (DBKGn.DE) has opened a new center in New York to work with financial technology startups that can help it improve its technology. Based in Lower Manhattan’s Fulton Center, the lab’s team will help the bank deploy technology in artificial intelligence, cloud and cyber security and other areas, the German bank said on
Apple Inc unveiled an updated version of its iPad tablet on Tuesday, starting at $329 and available to order from Friday. Apple also said its smaller iPhone SE model will be available in 32 and 128 gigabyte (GB) versions, replacing the 16 GB and 64 GB models.
The majority of respondents to a new U.S. poll opposed laws barring transgender people from using bathrooms consistent with their gender identities and indicated growing acceptance for gay rights, a nonpartisan research group said on Friday. Fifty-three percent of the Americans surveyed oppose laws requiring transgender people to use bathrooms that correspond to their sex
Taiwan’s Foxconn (2317.TW), the world’s largest contract electronics maker, is “definitely bidding” for the chip business of Japan’s Toshiba Corp (6502.T) and is “very confident” it can buy into it, company founder Terry Gou said on Wednesday. Gou was speaking as Foxconn, formally known as Hon Hai Precision Industry Co Ltd, broke ground for a
Toshiba Corp has asked a Japanese law firm to help estimate the potential financial impact if it decides its U.S. nuclear unit Westinghouse should file for Chapter 11 protection from creditors, sources with knowledge of the matter said. Toshiba is looking at a potential Chapter 11 filing as one of several options for Westinghouse as
U.S. stock index futures were higher on Wednesday as investors assessed President Donald Trump’s speech, while bank stocks rose on increased possibility of an interest rate hike this month. In his first address to a joint session of Congress late Tuesday, Trump said he wanted to boost the U.S. economy with a “massive tax relief”,
President Donald Trump said he would make a massive budget request for one of the “greatest military buildups in American history” on Friday in a feisty, campaign-style speech extolling robust nationalism to eager conservative activists. Trump used remarks to the Conservative Political Action Conference (CPAC), an organization that gave him one of his first platforms
Wal-Mart Stores Inc (WMT.N) reported higher-than-expected U.S. sales on Tuesday for the crucial holiday quarter as its low prices attracted more customers to its stores and online activity accelerated. Shares of the world’s largest retailer rose more than 3 percent as its results bucked a string of disappointing holiday sales figures from rivals including Target
Restaurant Brands International Inc (QSR.TO), owner of the Burger King and Tim Hortons fast-food chains, said on Tuesday it would acquire Popeyes Louisiana Kitchen (PLKI.O) for $1.8 billion in cash. The deal is a bet by Oakville, Ontario-based Restaurant Brands that it can use its international reach to introduce Popeyes’ Louisiana-style fried chicken and buttermilk
Verizon Communications Inc (VZ.N) said on Tuesday it would buy Yahoo Inc’s (YHOO.O) core business for $4.48 billion, lowering its original offer by $350 million in the wake of two massive cyber attacks at the internet company. The closing of the deal, which was first announced in July, had been delayed as the companies assessed
Alphabet Inc’s Google said on Thursday it partnered with Telenor ASA to roll out Rich Communications Services (RCS), an upgraded messaging service, to the Norwegian telecommunications company’s subscribers in Asia and Europe. The messaging service includes features such as group chats, photo sharing and read receipts among other things, Google said in its official blog.
Samsung Group leader Jay Y. Lee left a Seoul court after more than eight hours on Thursday to await a decision on whether he will be arrested over his alleged role in a corruption scandal that has engulfed President Park Geun-hye. The 48-year-old Lee, wearing a dark coat and navy tie, kept his head down