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BMW seeks to be ‘coolest’ ride-hailing firm with autonomous car
8:08 - 05.12.2016 -

BMW will test autonomous vehicles in Munich next year as it seeks to keep up with ride-hailing firms like Uber [UBER.UL], which have spent billions on pay-per-use personal transport. The German carmaker will have about 40 vehicles with self-driving functions in Munich’s inner city and then expand the project to other cities, BMW executives said

Nokia brand-phones poised for comeback as HMD takes charge
16:16 - 01.12.2016 -

Nokia-branded mobile phones are about to make a comeback via a new venture that will reunite the Nokia brand with veteran Nokia executives who aim to move into smartphones capitalizing on an existing operation that sells low-cost basic phones. HMD Global, a new Finnish company set up to revive the Nokia phone brand, on Thursday

Zenefits hit with $7 million fine by California insurance regulator
14:14 - 29.11.2016 -

Software company Zenefits has been fined $7 million by California’s insurance regulator, marking the biggest penalty yet for the startup that has faced multiple investigations for flouting insurance laws. California Insurance Commissioner Dave Jones said in a statement posted on the state insurance department’s website that Zenefits was charged with allowing unlicensed employees to sell

Samsung Electronics considers split as investor pressure builds
14:14 - 29.11.2016 -

Tech giant Samsung Electronics Co Ltd (005930.KS), under pressure from shareholders to improve investor returns, said on Tuesday it will consider creating a holding company in what would be the biggest shake-up in its 47-year history. The move and a plan to raise dividends come after U.S. hedge fund Elliott Management in October called for

SoftBank second-quarter profit up 6.8 percent on strong domestic telecoms business
12:12 - 07.11.2016 -

Japan’s SoftBank Group Corp (9984.T) reported on Monday a 6.8 percent rise in operating profit for the July-September quarter, thanks to a strong showing by its domestic telecommunications business. A steady growth in its mainstay domestic business is important for SoftBank, a diverse company with stakes from U.S. carrier Sprint (S.N) to e-commerce giant Alibaba

Tesco Bank stops online transactions after 20,000 hit by fraud
12:12 - 07.11.2016 -

Tesco Bank’s chief executive said on Monday that it was temporarily stopping online transactions after about 20,000 customers had money removed from their accounts after an attack by fraudsters over the weekend. The bank, wholly owned by supermarket chain Tesco, said it had discovered there had been “significant” fraudulent criminal activity on customers’ current accounts

Tesla’s Musk adds solar roofs to his clean energy vision
15:15 - 29.10.2016 -

Tesla Motors Inc Chief Executive Elon Musk on Friday unveiled new energy products aimed at illustrating the benefits of combining his electric car and battery maker with solar installer SolarCity Corp. The billionaire entrepreneur showed of solar-powered roof tiles that eliminate the need for traditional panels and a longer-lasting home battery, which Tesla calls the

Nissan-Renault says open to partnerships to develop new car technologies
15:15 - 25.10.2016 -

Nissan Motor Co Ltd (7201.T) and Renault SA (RENA.PA) are open to partnerships with other companies to equip their vehicles with sophisticated technology as automakers race to develop the cars of the future, the pair’s connected vehicles chief said. Global automakers are competing with industry rivals and technology firms to develop self-driving cars and mobility

Netflix CEO gives conditional approval of AT&T-Time Warner deal
15:15 - 25.10.2016 -

Netflix Chief Executive Reed Hastings said he was in favor of AT&T Inc’s planned $85.4 billion acquisition of Time Warner Inc, provided that his popular media streaming company continued to be treated fairly. Speaking at a technology conference hosted by the Wall Street Journal in Laguna Beach, Calif., Hastings said it was critical that Netflix’s

General Motors third-quarter earnings widely beat expectations
15:15 - 25.10.2016 -

General Motors Co reported much higher-than-expected third-quarter earnings on strong North American truck and SUV sales, blowing past fears that a U.S. market slowdown would dent profitability. GM said on Tuesday that it expected full-year results would be on the “high end” of its previous forecasts of $5.50 to $6.00 a share. Rival Ford Motor

IBM third quarter revenue falls, but tops forecasts on cloud, analytics growth
20:20 - 18.10.2016 -

International Business Machines Corp posted better-than-expected third-quarter revenue on Tuesday, helped by growth in the company’s cloud and analytics businesses. Under Chief Executive Ginni Rometty, the technology services company has shifted toward more profitable areas, such as cloud services, artificial intelligence, analytics, and security while trimming its traditional hardware and services businesses. Revenue from those

A Texas unicorn preps for a rare oil IPO
20:20 - 18.10.2016 -

Double Eagle Energy Permian LLC is a unicorn roaming the barren landscape of West Texas. Founded by a retired NFL player and his high school buddy – with land deals signed on the hood of a pickup – the Fort Worth oil and gas company is now worth nearly $3 billion, according to a half

Netflix’s big bet on original shows finally seen paying off
20:20 - 18.10.2016 -

Netflix Inc’s shares jumped as much as 20 percent on Tuesday, after the company added 50 percent more subscribers than expected in the third quarter. At least 10 brokerages, including Goldman Sachs and RBC Capital Markets, raised their price targets on the stock, praising the company’s focus on developing original content. Netflix’s shares were up

Sprint sees quarterly operating revenue above estimates
20:20 - 18.10.2016 -

Sprint Corp, the No. 4 U.S. wireless carrier, estimated quarterly operating revenue above analysts’ expectations as heavy promotions helped attract more postpaid customers. The company, majority owned by Japan’s Softbank Group Corp, said on Tuesday that postpaid subscriber additions doubled to 347,000 from the prior quarter. Sprint said in September that demand for iPhone 7