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January 25, 2020
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Reuters - Business

Wall Street Week Ahead: Hopes are high for tech stock ‘Cadillacs’; so are their prices

Reuters
New York (Reuters) – Wall Street is betting that the most popular U.S. technology and internet stocks can keep outshining the broader equities market but their latest rally leaves little room for error this earnings season. Investors dashed for the exits after Tuesday’s less-than-stellar quarterly report from Netflix (NFLX.O) –......
Reuters - Business

Explainer: Bezos allegations put phone hacking technology in the spotlight

Reuters
WASHINGTON (Reuters) – Allegations that Amazon.com boss and Washington Post owner Jeff Bezos had his phone hacked by Saudi Crown Prince Mohammed bin Salman have put a spotlight on the security of smartphones and the secretive tools used to hack them. FILE PHOTO: Jeff Bezos, president and CEO of Amazon......
Reuters - Business

U.S. Justice Dept. plans to hold meeting to discuss tech industry liability: sources

Reuters
WASHINGTON (Reuters) – The U.S. Justice Department is planning to hold a conference to discuss the future of a federal law which largely exempts online platforms from legal liability for the material their users post, sources familiar with the plans said on Friday. FILE PHOTO: A general view of the......
Reuters - Business

Intel signals 2020 will be a turnaround year for chip industry leader

Reuters
(Reuters) – Intel Corp (INTC.O) on Thursday cemented the market view that the chip industry is turning around after a prolonged slowdown, forecasting better 2020 revenue and profit than Wall Street anticipated, driven by cloud computing demand. FILE PHOTO: A visitor passes an Intel logo at the Mobile World Congress......
Reuters - Business

United States cautions Britain over Huawei

Reuters
DAVOS/LONDON (Reuters) – The United States cautioned Britain ahead of a decision by Prime Minister Boris Johnson on what role Huawei will have in 5G telecommunications networks that Washington still had significant concerns about the Chinese telecoms behemoth. The logo of Huawei is seen in Davos, Switzerland Januar 22, 2020.......
Reuters - Business

Amazon files motion to halt Microsoft’s work on Pentagon’s JEDI contract

Reuters
The logo of Amazon is seen at the company logistics centre in Boves, France, November 5, 2019. REUTERS/Pascal Rossignol (Reuters) – Amazon.com Inc on Wednesday said it filed a motion to pause the U.S. Department of Defense and Microsoft Corp from carrying out an up to $10 billion cloud computing......
Reuters - Business

Judge dismisses defunct startup Sidecar’s 2018 lawsuit against Uber

Reuters
FILE PHOTO: Uber’s logo is pictured at its office in Bogota, Colombia, December 12, 2019. Picture taken December 12, 2019. REUTERS/Luisa Gonzalez/File Photo (Reuters) – Uber Technologies Inc (UBER.N) on Tuesday prevailed in a lawsuit accusing it of driving a smaller rival out of business through predatory pricing and other......
Reuters - Business

Exclusive: Apple dropped plan for encrypting backups after FBI complained – sources

Reuters
SAN FRANCISCO (Reuters) – Apple Inc (AAPL.O) dropped plans to let iPhone users fully encrypt backups of their devices in the company’s iCloud service after the FBI complained that the move would harm investigations, six sources familiar with the matter told Reuters. FILE PHOTO: A woman uses her Apple iPhone......
Reuters - Business

Facebook targets UK growth with 1,000 hires this year

Reuters
LONDON (Reuters) – Facebook will hire 1,000 people in London this year in roles such as product development and safety as it continues to grow its biggest engineering center outside the United States after Britain leaves the European Union. The logo of Facebook is seen in Davos, Switzerland Januar 20,......
Reuters - Business

BBC’s Hall to step down ahead of crunch funding talks with British government

Reuters
LONDON (Reuters) – The BBC’s most powerful man will step down in six months to allow a new person to lead negotiations with Prime Minister Boris Johnson’s government over a financing model for the publicly funded broadcaster. FILE PHOTO: BBC Director General Tony Hall makes a statement in London, Britain......
Reuters - Business

After India’s Amazon snub, Modi’s party slams Bezos-owned Washington Post

Reuters
NEW DELHI (Reuters) – Indian Prime Minister Narendra Modi’s ruling party on Friday slammed editorial policies of billionaire Jeff Bezos-owned Washington Post, even as his e-commerce firm Amazon (AMZN.O) announced plans to create a million jobs in the country by 2025. Vijay Chauthaiwale, chief of the Bharatiya Janata Party’s (BJP)......
Reuters - Business

Wall Street’s trillion-dollar club dwarfs Europe Inc

Reuters
LONDON (Reuters) – With Google parent Alphabet (GOOGL.O) becoming the latest entrant to Wall Street’s trillion-dollar club, Europe’s blue-chip companies are dwarfed by comparison — the most valuable firm from the “old continent”, Nestle, is worth just a third of that. FILE PHOTO: Traders work on the floor at the......
Reuters - Business

Comcast bets ads work on streaming TV, plans NBC Peacock debut for April

Reuters
NEW YORK (Reuters) – NBCUniversal’s new Peacock streaming service will offer free and $5-per-month options with advertising to try to win customers for its belated entry into the online video wars, the company announced on Thursday. NBCUniversal parent Comcast Corp is betting that viewers who have abandoned traditional pay TV......
Reuters - Business

Comcast bets ads work on streaming TV, plans NBC Peacock debut for April

Reuters
NEW YORK (Reuters) – NBCUniversal’s new Peacock streaming service will offer free and $5-per-month options with advertising to try to win customers for its belated entry into the online video wars, the company announced on Thursday. NBCUniversal parent Comcast Corp is betting that viewers who have abandoned traditional pay TV......
Reuters - Business

Factbox: How NBCUniversal’s Peacock streaming service stacks up against others

Reuters
(Reuters) – Comcast Corp’s NBCUniversal on Thursday gave specifics on its planned Peacock video streaming service, which will do battle with industry leader Netflix Inc and others in the highly competitive field. FILE PHOTO: The NBC and Comcast logo are displayed on top of 30 Rockefeller Plaza, formerly known as......
Reuters - Business

Comcast’s Peacock streaming service to offer free and $5- or $10-a-month options

Reuters
NEW YORK (Reuters) – Comcast Corp-owned NBCUniversal’s new Peacock service, its belated entry into the streaming video wars, will offer free and $5-per-month options with advertising, the company announced on Thursday. A peacock is pictured outside NBC headquarters at Rockefeller Center in the Manhattan borough of New York City, New......
Reuters - Business

Which company just hit $1 trillion? Google it.

Reuters
NEW YORK (Reuters) – As Google-parent Alphabet Inc (GOOGL.O) became on Thursday the fourth U.S. company to top a market value of more than $1 trillion, some funds holding its shares are wondering whether now is the time to cash in on the stock’s extraordinary gains. FILE PHOTO: The logo......
Reuters - Business

Comcast, late to the streaming party, to give details of NBC’s Peacock service

Reuters
NEW YORK (Reuters) – Comcast Corp on Thursday will reveal details of Peacock, its belated entry into the streaming wars, as it harnesses its NBCUniversal library and invests in new content in an effort to capture viewers abandoning cable TV. FILE PHOTO: The NBC and Comcast logo are displayed on......
Reuters - Business

Hyundai, Kia invest $110 million in UK electric van startup Arrival Ltd

Reuters
(Reuters) – Korea’s Hyundai Group is backing a UK electric vehicle startup that plans to begin selling battery-powered delivery vans in 2021, the companies said on Thursday. FILE PHOTO:Employees of Hyundai Motor Group leave after the company’s new year ceremony in Seoul, South Korea, January 2, 2020. REUTERS/Kim Hong-Ji Hyundai......
Reuters - Business

Amazon orders electric vans from Deutsche Post’s StreetScooter

Reuters
FILE PHOTO: The logo of Amazon is seen at the company logistics centre in Boves, France, November 5, 2019. REUTERS/Pascal Rossignol BERLIN (Reuters) – Amazon.com (AMZN.O) has ordered 40 electric vans from Deutsche Post’s (DPWGn.DE) StreetScooter unit for deliveries in the German city of Munich as part of the plan......

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