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11 hours 20 minutes ago

Amazon shareholders reject facial recognition ban as concern grows in U.S. Congress

Amazon.com Inc said shareholders rejected proposals to curb and audit its facial recognition service on Wednesday, just as members of Congress indicated there was bipartisan support to one day regulate the technology.

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11 hours 24 minutes ago

Daimler CEO announces sweeping cost review as he bows out

Daimler's Chief Executive Dieter Zetsche announced a sweeping cost review on Wednesday, his last day in office, as he bid farewell to shareholders following more than a decade at the helm of luxury carmaker Mercedes-Benz.

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11 hours 35 minutes ago

Philip Green's Arcadia to close UK stores, review U.S. in restructuring

British retail tycoon Philip Green's Arcadia Group said on Wednesday it planned to close 23 of its 566 stores in the UK and Ireland in a major restructuring of the fashion business that could also see its Topshop/Topman stores close in the U.S..

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11 hours 40 minutes ago

Tesla drops for sixth straight session, down 20% since share offer

Tesla shares extended their recent sell-off on Wednesday after Citi cut its price target on the struggling electric car maker, leaving buyers of its recent share offer, including Chief Executive Elon Musk, $175 million in the hole.

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11 hours 46 minutes ago

Factbox: Qualcomm's 'obstinance' needs monitoring - judge

Qualcomm Inc illegally suppressed competition in the market for smartphone chips by threatening to cut off supplies and extracting excessive licensing fees, a U.S. judge ruled, a decision that could force the company to overhaul its business practices.

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11 hours 47 minutes ago

United CEO promises to re-book passengers concerned about 737 MAX

United Airlines Chief Executive Oscar Munoz promised on Wednesday to reaccommodate any passengers concerned about flying Boeing Co's 737 MAX jets once regulators deem the aircraft safe to fly again.

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11 hours 49 minutes ago

Next round of U.S. tariffs on China at least a month away: Mnuchin

The United States is at least a month from enacting its proposed tariffs on $300 billion in Chinese imports as it studies the impact on American consumers, U.S. Treasury Secretary Steven Mnuchin said on Wednesday.

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11 hours 57 minutes ago

Oil drops more than 2% on U.S. inventories build, demand worries

Oil futures tumbled more than 2% on Wednesday as an unexpected build in U.S. crude stockpiles compounded investor worries that a prolonged trade fight between Washington and Beijing could dent crude demand.

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12 hours 1 minute ago

Factbox: Global tech companies shun Huawei after U.S. ban

Global technology companies, including chip suppliers, are cutting off their ties with China's Huawei Technologies Co after the Trump administration put the world's largest telecom equipment maker on a trade blacklist, citing national security concerns.

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12 hours 5 minutes ago

IBM, Cera Care to test self-driving car tech in elder homes

IBM and British start-up Cera Care plan a six-month pilot to test whether lidar laser sensors, used to help self-driving cars "see", can enable elderly people to stay in their homes for longer - without compromising privacy.

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