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- Amazon plows ahead with high sales and spending; profit plunges
Fri, 28 Jul 2017 00:53:59 -0400
(Reuters) - Amazon.com Inc on Thursday reported a jump in retail sales along with a profit slump, as its rapid, costly expansion into new shopping categories and countries showed no sign of slowing.
- Exclusive: Not Made in America - Wal-Mart looks overseas for online vendors
Thu, 27 Jul 2017 16:43:10 -0400
CHICAGO (Reuters) - Walmart.com, trailing Amazon.com Inc in the number of goods for sale on its website, is recruiting vendors in China and other countries to boost its online offerings in a pivot away from Wal-Mart's Made-in-America campaign.
- China bike-sharing firm Ofo in talks to raise $1 billion, led by SoftBank: sources
Fri, 28 Jul 2017 01:56:26 -0400
HONG KONG (Reuters) - Chinese startup Ofo is in talks to raise $1 billion in a new funding round led by Japan's SoftBank Group, people familiar with the matter said, in what would be the largest fund-raising in the nation's bike-sharing business.
- Xiaomi gains new $1 billion loan to drive retail push, expansion overseas
Fri, 28 Jul 2017 01:00:41 -0400
SHANGHAI (Reuters) - Chinese smartphone maker Xiaomi Inc said on Friday it had signed a deal for a new $1 billion loan to accelerate its drive into brick-and-mortar stores and help a push overseas.
- Sharp returns to first quarter profit on Foxconn's cost-cut drive, beats estimates
Fri, 28 Jul 2017 02:20:48 -0400
TOKYO (Reuters) - Japan's Sharp Corp reported its third consecutive quarter of net profit on Friday, staying on track to achieve its first annual profit in four years following a cost-cutting drive under Taiwanese owner Foxconn.
- Flush times for hackers in booming cyber security job market
Thu, 27 Jul 2017 20:07:49 -0400
LAS VEGAS (Reuters) - The surge in far-flung and destructive cyber attacks is not good for national security, but for an increasing number of hackers and researchers, it is great for job security.
- GM Cadillac chief outlines plan for fewer sedans, more electrics
Fri, 28 Jul 2017 01:59:43 -0400
DETROIT (Reuters) - The head of General Motors Co's Cadillac luxury division said on Thursday the brand will shrink its lineup of sedans and expand its offerings of sport utility vehicles and hybrid and electric vehicles in response to market shifts.
- Digital currency start-ups shrug off SEC warning on fund raising
Fri, 28 Jul 2017 00:08:21 -0400
NEW YORK (Reuters) - Technology companies looking to raise money by issuing digital coins are moving forward with their plans despite a U.S. regulator's decision that their offerings may be subject to tough securities laws.
- China's Baidu profit jumps as focus on mobile, AI narrows
Fri, 28 Jul 2017 00:52:58 -0400
(Reuters) - Chinese internet search engine provider Baidu Inc has reported a jump in quarterly earnings, recovering from a string of regulatory investigations last year, as sharpened focus on mobile and artificial intelligence (AI) services drives growth.
- Twitter shares tumble as user growth stalls
Thu, 27 Jul 2017 17:21:42 -0400
(Reuters) - Twitter Inc shares plunged more than 14 percent on Thursday after the social media platform disappointed investors with stagnant monthly active user growth in the second quarter.