Dropbox files for IPO of up to $500 million

(Reuters) – Data-sharing business Dropbox Inc on Friday filed for an initial public offering of up to $500 million with the U.S. Securities and Exchange Commission. (adsbygoogle = window.adsbygoogle || []).push({}); The company said it plans to have its common stock listed on the Nasdaq under the ticker symbol “DBX”. More...

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By news On Saturday, February 24th, 2018
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Self-driving cars with remote drivers could test on Calif roads in April: DMV

SAN FRANCISCO (Reuters) – Self-driving cars that back up their computerized system with a remote human operator instead of a fallback driver at the wheel could be tested on California roads as early as April, More...

By news On Friday, February 23rd, 2018
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HPE shares soar on $7 billion repurchase plan, upbeat forecast

(Reuters) – Shares of Hewlett Packard Enterprise (HPE.N) rose 7 percent to a record in early trading on Friday after the company unveiled a $7 billion share buyback program, reported strong quarterly results More...

By news On Friday, February 23rd, 2018
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Tencent, JD.com buy stakes in Chinese retail chain

HONG KONG (Reuters) – Tencent Holdings and JD.com will pay $140 million and $117 million respectively for minority stakes in a Chinese retail chain as China’s tech giants extend their battles in the retail More...

By news On Friday, February 23rd, 2018
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China’s Huawei set to lead global charge to 5G networks

FRANKFURT/HONG KONG (Reuters) – China’s Huawei is forging closer commercial ties with big telecom operators across Europe and Asia, putting the company in prime position to lead the global race for next-generation More...

By news On Friday, February 23rd, 2018
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With Easy Ride trial, Nissan takes new step toward being Uber competitor

YOKOHAMA (Reuters) – Facing a future in which self-driving cars may curb vehicle ownership, Nissan Motor Co is taking its first steps to becoming an operator of autonomous transportation services, hoping More...

By news On Friday, February 23rd, 2018
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Airbnb CEO pledges to take more responsibility for impact to housing

SAN FRANCISCO (Reuters) – Home-booking company Airbnb has sparred with regulators across the globe, but Chief Executive Brian Chesky on Thursday spoke of coming to terms with his responsibility for how the More...

By news On Friday, February 23rd, 2018
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Stymied by regulators, Airbnb looks to luxury vacations, hotels for growth

SAN FRANCISCO (Reuters) – Airbnb is rolling out new services aimed at attracting travelers looking for luxury accommodations and traditional hotels, the latest move to contend with sputtering growth in its More...

By news On Friday, February 23rd, 2018
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Palantir ordered to open books to investor seeking U.S. fraud probe

WILMINGTON, Del. (Reuters) – Data analytics and security company Palantir Technologies Inc must open its books to early investor Marc Abramowitz, who wants to investigate possible fraud and mismanagement More...

By news On Friday, February 23rd, 2018
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Groups refile lawsuits to block net neutrality reversal

WASHINGTON (Reuters) – Web browser developer Mozilla Corp and video-sharing website Vimeo Inc (IAC.O) said on Thursday they had refiled legal challenges intended to block the Trump administration’s repeal More...