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February 22, 2020
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Reuters - Business

Let’s come together to tax tech giants, say G20 officials eyeing $100 billion boost

Reuters
RIYADH (Reuters) – Leading world economies must show unity in dealing with aggressive “tax optimization” by global digital giants like Google (GOOGL.O), Amazon (AMZN.O) and Facebook (FB.O), G20 officials said on Saturday. FILE PHOTO: The Facebook logo is displayed on a mobile phone in this picture illustration taken December 2,......
Reuters - Business

Big tech cos pull out of San Francisco conferences on coronavirus concerns

Reuters
FILE PHOTO: The Verizon store in Superior, Colorado, U.S., July 27, 2017. REUTERS/Rick Wilking (Reuters) – Verizon Communications Inc (VZ.N) has pulled out of the RSA cyber security conference due to coronavirus-related concerns, the organizer said here on Friday. RSA also said that AT&T Cybersecurity will not participate in the......
Reuters - Business

Elon Musk’s SpaceX to raise $250 million, valuing it at $36 billion: CNBC

Reuters
FILE PHOTO: SpaceX founder and chief engineer Elon Musk speaks at a post-launch news conference to discuss the SpaceX Crew Dragon astronaut capsule in-flight abort test at the Kennedy Space Center in Cape Canaveral, Florida, U.S. January 19, 2020. REUTERS/Joe Skipper (Reuters) – Elon Musk’s SpaceX is looking to raise......
Reuters - Business

Verizon withdraws from RSA conference on coronavirus concerns

Reuters
FILE PHOTO: The Verizon store in Superior, Colorado, U.S., July 27, 2017. REUTERS/Rick Wilking (Reuters) – Verizon Communications Inc (VZ.N) has pulled out of the RSA cyber security conference due to coronavirus-related concerns, the organizer said here on Friday. RSA also said that AT&T Cybersecurity will not participate in the......
Reuters - Business

New York Times plans to name Meredith Kopit Levien as next CEO: Bloomberg News

Reuters
FILE PHOTO: The motorcade of U.S. President-elect Donald Trump makes its way past the New York Times building after a meeting in New York U.S., November 22, 2016. REUTERS/Shannon Stapleton (Reuters) – New York Times Co (NYT.N) is expected to name company insider Meredith Kopit Levien as its next chief......
Reuters - Business

Shopify to join Facebook-led Libra currency group

Reuters
FILE PHOTO: Shadow of a 3D-printed Facebook Libra cryptocurrency logo is seen near cryptocurrency representation in this illustration taken, September 13, 2019. REUTERS/Dado Ruvic (Reuters) – Canadian e-commerce company Shopify Inc said on Friday it would join Libra Association, a group that manages Facebook Inc led efforts to launch a......
Reuters - Business

Samsung Electronics names non-executive director as board chairman in company first

Reuters
FILE PHOTO: Then South Korean Minister of Strategy and Finance Bahk Jae-wan looks on after attending an interview with Reuters at a hotel in Mexico City November 4, 2012. REUTERS/Henry Romero SEOUL (Reuters) – Samsung Electronics Co Ltd (005930.KS) said on Friday it has named a non-executive director as board......
Reuters - Business

Telus says 5,000 jobs at risk if forced to open network to wireless resellers: report

Reuters
FILE PHOTO: Darren Entwistle, President and CEO of Telus Corporation, delivers his speech to shareholders during their annual general meeting in Edmonton May 9, 2012. REUTERS/Dan Riedlhuber/File Photo (Reuters) – Telus Corp could cut 5,000 jobs and C$1 billion in investments over the next five years if the Canadian telecom......
Reuters - Business

T-Mobile, Sprint amend merger terms, SoftBank takes a hit

Reuters
(Reuters) – T-Mobile US (TMUS.O) and Sprint Corp (S.N) said on Thursday that they had agreed on new merger terms that would reduce the stake of major Sprint shareholder SoftBank, while leaving the offer to other shareholders unchanged. FILE PHOTO: Smartphones with the logos of T-Mobile and Sprint are seen......
Reuters - Business

Dropbox shares rise after upbeat results, share buyback plan

Reuters
(Reuters) – Dropbox Inc on Thursday reported a better-than-expected quarterly profit, raised its outlook for operating margin and announced a $600 million share buyback, sending its shares up 11% in trading after the bell. FILE PHOTO: The Dropbox app logo seen on a mobile phone in this illustration photo October......
Reuters - Business

T-Mobile, Sprint amend merger terms; to close deal as early as April 1

Reuters
FILE PHOTO: Smartphones with the logos of T-Mobile and Sprint are seen in this illustration taken September 19, 2017. REUTERS/Dado Ruvic/Illustration (Reuters) – T- Mobile US (TMUS.O) and Sprint Corp (S.N) said on Thursday that they had agreed on new merger terms and were looking to close the deal as......
Reuters - Business

T-Mobile, Sprint near agreement on new merger terms: WSJ

Reuters
FILE PHOTO: Smartphones with the logos of T-Mobile and Sprint are seen in this illustration taken September 19, 2017. REUTERS/Dado Ruvic/Illustration (Reuters) – T- Mobile US (TMUS.O) and Sprint Corp (S.N) are nearing an agreement on new merger terms and the final deal could be announced as soon as Thursday,......
Reuters - Business

What secrets? Apple embroiled in row over book by German former executive

Reuters
BERLIN (Reuters) – Apple (AAPL.O) has become embroiled in a publishing row in Germany after it tried to halt sales of a book written by a former executive, saying it disclosed secrets about the App Store. FILE PHOTO: The Apple Inc. logo is seen hanging at the entrance to the......
Reuters - Business

Microsoft to invest $1.1 billion in Mexico over next five years: CEO

Reuters
FILE PHOTO: Microsoft CEO Satya Nadella addresses a news conference in Berlin, Germany February 27, 2019. REUTERS/Fabrizio Bensch MEXICO CITY (Reuters) – Microsoft (MSFT.O) Chief Executive Satya Nadella said the technology giant will invest $1.1 billion in Mexico over the next five years, according to a promotional video released by......
Reuters - Business

Israel’s Wix.com sees 2020 revenue reaching almost $1 billion

Reuters
TEL AVIV (Reuters) – Wix.com, which helps small businesses build and operate websites, reported a smaller-than-expected decline in fourth-quarter net profit and forecast a revenue rise of about 25% this year to nearly $1 billion as it expands into the professional web creator market. The offices website-designer firm Wix.com are......
Reuters - Business

U.S. meeting on Huawei, China policy still on for Thursday despite Trump tweets: sources

Reuters
FILE PHOTO: The Huawei logo is pictured on the company’s stand during the ‘Electronics Show – International Trade Fair for Consumer Electronics’ at Ptak Warsaw Expo in Nadarzyn, Poland, May 10, 2019. REUTERS/Kacper Pempel WASHINGTON (Reuters) – A meeting of U.S. government officials to discuss further curbs on exports to......
Reuters - Business

Lyft resumes shared electric bike rentals in NYC

Reuters
FILE PHOTO: A woman rides a bicycle from bicycle-sharing system Citi Bike in New York City, U.S., September 13, 2018. REUTERS/Brendan McDermid/File Photo NEW YORK (Reuters) – Lyft Inc will roll out a fleet of several hundred electric bikes for rent across New York City, the company said on Wednesday,......
Reuters - Business

Uber closing office in downtown Los Angeles

Reuters
FILE PHOTO: A screen displays the company logo for Uber Technologies Inc on the day of its IPO at the New York Stock Exchange (NYSE) in New York, U.S., May 10, 2019. REUTERS/Brendan McDermid/File Photo (Reuters) – Uber Technologies Inc (UBER.N) is closing its office in downtown Los Angeles, where......
Reuters - Business

Uber says it is closing office in downtown Los Angeles

Reuters
FILE PHOTO: A screen displays the company logo for Uber Technologies Inc on the day of its IPO at the New York Stock Exchange (NYSE) in New York, U.S., May 10, 2019. REUTERS/Brendan McDermid/File Photo (Reuters) – Uber Technologies Inc (UBER.N) said late on Tuesday that it was closing its......
Reuters - Business

U.S. judge rejects Huawei challenge to federal law restricting its business

Reuters
FILE PHOTO: The Huawei logo is pictured at the IFA consumer tech fair in Berlin, Germany, September 6, 2019. REUTERS/Hannibal Hanschke (Reuters) – A federal judge in Texas on Tuesday rejected Chinese telecommunications equipment maker Huawei Technologies’ constitutional challenge to a U.S. law that restricted its ability to do business......

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