Company News
GM appeals directly to employees as strike losses mount, riling UAW
DETROIT/WASHINGTON (Reuters) – General Motors Co took the unusual step of appealing directly to employees in a blog post on Friday that laid out the terms of the automaker’s latest offer aimed at ending a month-long strike, angering the union with which it is negotiating. FILE PHOTO: Striking union workers walk the picket line outside …
Avaya dials up RingCentral for cloud technology after suitor search
(Reuters) – After months of evaluating sale and merger options, telecommunications gear provider Avaya Holdings Corp on Thursday announced a strategic partnership and $500 million contribution from RingCentral Inc. Avaya long made hardware systems that sit inside of businesses to provide unified phone and video conferencing services, as well as gear for call centers. The …
Zuckerberg says breaking up tech firms make election interference more likely: Verge
FILE PHOTO: Facebook CEO Mark Zuckerberg testifies before a House Energy and Commerce Committee hearing regarding the company’s use and protection of user data on Capitol Hill in Washington, U.S., April 11, 2018. REUTERS/Leah Millis/File Photo (Reuters) – Facebook Inc’s Chief Executive Officer Mark Zuckerberg said that breaking up tech companies would make election interference …
Vape shop owners sue Massachusetts over product sale ban
FILE PHOTO: A man exits a vape shop in Jersey City, New Jersey, U.S., September 12, 2019. REUTERS/Eduardo Munoz (Reuters) – Several vape shop owners are suing the state of Massachusetts for implementing a four-month ban on sales of all vaping products and asked the court to deem it “unconstitutional.” Massachusetts imposed a ban on …
U.S. online privacy rules unlikely this year, hurting big tech
WASHINGTON (Reuters) – A U.S. online privacy bill is not likely to come before Congress this year, three sources said, as lawmakers disagree over issues like whether the bill should preempt state rules, forcing companies to deal with much stricter legislation in California that goes into effect on Jan. 1. The logo of Amazon is …
In swipe at Trump, China tells U.N. tariffs could plunge world into recession
UNITED NATIONS (Reuters) – The Chinese government’s top diplomat said on Friday that tariffs and trade disputes could plunge the world into recession and Beijing was committed to resolving them in a “calm, rational and cooperative manner.” Chinese Foreign Minister Wang Yi addresses the 74th session of the United Nations General Assembly at U.N. headquarters …
Volkswagen gambles on ride-hailing to break through African roadblocks
JOHANNESBURG/KIGALI (Reuters) – When Volkswagen’s Africa boss Thomas Schaefer set out to conquer the continent, he quickly realized he needed more than a flashy new product. He needed a new business model. Rwandan Joseline Iradukunda sits inside her “Move” app-driven ride-hailing service Volkswagen Polo in Kigali, Rwanda. September 23, 2019. REUTERS/Jean Bizimana Study after study …
Oracle, VMware agree to deal on cloud technology, technical support
SAN FRANCISCO (Reuters) – Oracle Corp and VMware Inc on Monday announced a deal designed to resolve years of tension over how Oracle handles technical support for VMware users and make it easier for them to move to Oracle’s cloud computing service. FILE PHOTO: The Oracle logo is shown on an office building in Irvine, …
Low-cost fracking offers boon to oil producers, headaches for suppliers
SMILEY, Texas (Reuters) – At a dusty drilling site east of San Antonio, shale producer EOG Resources Inc recently completed its latest well using a new technology developed by a small services firm that promises to slash the cost of each by $200,000. The technology, called electric fracking and powered by natural gas from EOG’s …
UPDATE 1-Shopify to buy warehouse technology provider for $450 mln
(Adds investor and analyst comments) Sept 9 (Reuters) – Shopify Inc said on Monday it would buy warehouse technology provider 6 River Systems Inc for about $450 million, as it looks to accelerate growth of its fulfillment network. Shopify unveiled plans in June to spend $1 billion to run a warehousing network in the United …
