text

Google has reportedly launched a new AI-focused venture capital program

Googlehaslaunchedanewventurecapitalprogramfocusedonartificialintelligence,Axiosisreporting.Googledeclinedtocommentonthereport,whichstatesthattheinitiativewillbe

text

LeEco cuts most of US workforce as it continues its downward spiral

ChineseconglomerateLeEcoislayingoffamajorityofitsUSworkforce,thecompanyannouncedtoday.Around70percent,or325employees,willbecutfromitsStatesideoperations,withLeE

text

Ford set to fire CEO Mark Fields as shares founder: source

FordMotorCoisexpectedtoannouncethedepartureofChiefExecutiveMarkFieldsinabroadmanagementshake-up,acompanysourcesaid-amovethatreflectsgrowinginvestoruneaseoverthe

text

IBM tells thousands of remote employees to come back to office or find n

IBM,oneoftheearliestcompaniestoembracetheconceptofemployeesworkingenmassefromhomeorsmallsatelliteoffices,hasinformedthousandsofemployeesthatit'stimetoreturntoth

text

Elon Musk just admitted that Tesla's stock is out of control

StockinvestorssayTeslaisworthmorethan$50billion.ElonMuskthinkstheymightbestretchingit."Idobelievethismarketcapishigherthanwehaveanyrighttodeserve,"hesaidinanint

text

Tencent reported to withdraw from meituan.com’s new round of financing

Accordingtoaninsiderofmeituan.com'sfinancingmove,thecompanyrecentlyinitiatedanewroundoffinancing,inwhichitsmajorshareholderTencentrefusedtotaketheleadandotherdo

text

Uber says being deemed a transport firm will not change much

Ride-hailingappUber[UBER.UL]saidonThursdaythatbeingdeemedatransportationcompanywouldnotchangethewayitisregulatedinmostEuropeanUnioncountries,inresponsetoanEUtop

text

Opera doubles down on Africa with $100M plan to become a media platform

Opera,theNorwegianbrowser-makerthatwassoldtoaChineseconsortiumlastyear,isdoublingdownontheAfricanmarketafteritannouncedplanstoinvest$100milliontogrowitsbusiness

text

Apple is the first company worth over $800 billion

Apple's market capitalization briefly crossed the $800 billion threshold for the first time on Monday, marking another major milestone for the world's most valuable company.

text

US opens criminal investigation into Uber

The US government has launched a criminal investigation into Uber for the use of secret software that enabled the company to operate in areas where it was banned or restricted, The Washington Post reported.

text

Sock business is booming for man with Down syndrome

It’s a company with a straightforward mission: Make people happy through socks.

text

Air India claims first journey around the world with all-women crew

An Indian airline says it has made the first passenger journey around the world operated by an all-women crew.

text

Twitter numbers paint grim profitability picture

Twitter Inc's desultory earnings report on Thursday show a company with no evident path to profitability, as core costs climb more quickly than revenue while user growth stagnates.

text

Coca-Cola forecasts drop in 2017 profit amid refranchising

Coca-Cola Co (KO.N) forecast a surprise drop in full-year profit as costs related to refranchising its U.S. bottling operations are expected to be higher than previously anticipated.

text

Cisco to buy AppDynamics for $3.7 billion in growth push

Cisco Systems Inc said on Tuesday that it agreed to buy U.S. business software company AppDynamics Inc for about $3.7 billion (2.9 billion pounds), one of its largest deals in recent years as the company seeks growth in areas outside of its core networking business.

text

Thai, Indonesian probes of alleged Rolls-Royce graft

Thailand's flagship airline yesterday said it had launched a probe into revelations that engine-maker Rolls-Royce paid millions of dollars in bribes to win contracts, including to airline employees and government officials.

text

Chinese company ends cooperation with Japanese hotel after denial of Nanjing Massacre

A Chinese tourism company based in Japan terminated its business relationship with Japanese APA Hotels after learning that the latter provided books denying the occurrence of the Nanjing Massacre. The books were written by Toshio Motoya, CEO of APA Group. The books have sparked outrage across Chinese social media, Guancha.cn reported.