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Updated: 33 min 39 sec ago

Volvo and Autoliv team up with Nvidia for self-driving cars

Tue, 06/27/2017 - 1:51am
STOCKHOLM (Reuters) - Volvo Cars and Swedish car safety supplier Autoliv have signed a deal with U.S. firm Nvidia Corp , best known for its graphics technology in computer games, to develop software systems for self-driving cars.

Exclusive: Ericsson scraps push for new clients beyond telecoms

Tue, 06/27/2017 - 1:32am
LONDON/STOCKHOLM (Reuters) - Ericsson has ditched its goal of winning more clients beyond the telecoms industry to refocus on selling networks to mobile phone companies in a move to cut costs and halt a dramatic fall in its share price.

With Alphabet, Google faces a daunting challenge: organizing itself

Tue, 06/27/2017 - 1:18am
SAN FRANCISCO (Reuters) - Google’s self-professed mission is to organize the world’s information. But a company known for engineering excellence is still trying to solve the very human problem of how to organize itself.

Japan's Takata apologizes to victims of faulty air bags

Tue, 06/27/2017 - 1:15am
TOKYO (Reuters) - Japanese auto parts maker Takata Corp apologized on Tuesday to victims of its faulty air bags linked to at least 16 deaths and 180 injuries around the world.

In disaster's wake, BP doubles down on deepwater despite surging shale

Tue, 06/27/2017 - 1:13am
THUNDER HORSE OIL PLATFORM, Gulf of Mexico (Reuters) - About 300 BP workers commute 150 miles here by helicopter, from the Louisiana coast to a deep-sea drilling platform that can produce more oil in a day than a West Texas rig can pump in a year.

Sprint in exclusive talks with Charter, Comcast on wireless deal: WSJ

Mon, 06/26/2017 - 9:25pm
(Reuters) - Sprint Corp is in exclusive talks with Charter Communications Inc and Comcast Corp to explore a deal that could boost the cable companies' wireless service, The Wall Street Journal reported, citing people familiar with the matter.

Oil little changed after three-day gain, supply glut weighs

Mon, 06/26/2017 - 9:04pm
SINGAPORE (Reuters) - Crude oil futures were largely unchanged in early Asian trade on Tuesday as the market took a breather following three days of gains with a supply glut keeping a lid on prices.

Japanese stocks approach two-year high, euro sags after Draghi's comments

Mon, 06/26/2017 - 8:46pm
TOKYO (Reuters) - Japanese stocks closed in on two-year highs early on Tuesday thanks to a weaker yen while the euro sagged against its peers after European Central Bank President Mario Draghi talked up benefits of the ECB's easy monetary policy.

Banks' blockchain consortium picks IBM for trade finance platform

Mon, 06/26/2017 - 6:22pm
PARIS (Reuters) - Tech giant IBM is building a blockchain-based platform for seven big European banks, including HSBC and Deutsche Bank, that is aimed at simplifying trade finance transactions for small- and medium-sized companies.

Google, Microsoft among companies urging court to back gay workers

Mon, 06/26/2017 - 5:50pm
(Reuters) - Dozens of companies, including Alphabet Inc's Google, Microsoft Corp, CBS Corp and Viacom Inc urged a federal appeals court on Monday to rule that a law banning sex discrimination in the workplace offers protections to gay employees.

Carl Icahn to fund former Sargon co-manager Schechter's new venture

Mon, 06/26/2017 - 4:59pm
(Reuters) - Billionaire Carl Icahn's investment firm, Icahn Enterprises LP , said on Monday it had entered an agreement with the former co-manager of its Sargon Portfolio, David Schechter, to fund his new private investment management business.

Apple CEO touts India impact in push for deeper market access

Mon, 06/26/2017 - 4:46pm
(Reuters) - Apple CEO Tim Cook on Sunday highlighted the economic impact the company is having on India in a meeting with its prime minister as the iPhone maker seeks deeper access to the world's third-largest smartphone market behind the United States and China.

GM expects charge from its sale of Opel to reach $5.5 billion

Mon, 06/26/2017 - 3:40pm
DETROIT (Reuters) - General Motors Co now expects the charge for its sale of Opel to Peugeot SA to reach $5.5 billion versus its previous estimate of $4.5 billion due to additional costs associated with the deal, a top executive said on Monday.

Exclusive: Aston Martin electric car goes limited edition after LeEco exit

Mon, 06/26/2017 - 2:27pm
PARIS/DETROIT (Reuters) - British sports car maker Aston Martin has scaled back production plans for its first electric model after cash-strapped investment partner LeEco pulled out of the project, Chief Executive Andy Palmer told Reuters on Monday.

Amtrak names former Delta executive as next CEO

Mon, 06/26/2017 - 2:23pm
WASHINGTON (Reuters) - Amtrak on Monday named a former Delta Air Lines chief executive as its next president and CEO as the U.S. passenger rail carrier makes major repairs at its busiest U.S. hub.

Italy bank rescue divides Europe

Mon, 06/26/2017 - 1:43pm
FRANKFURT (Reuters) - Italy's multi-billion-euro closure of two lenders drew sharp criticism on Monday for hurting a project devised to underpin confidence in the euro zone during the financial crash.

Google set to face record EU antitrust fine as soon as Tuesday: sources

Mon, 06/26/2017 - 12:32pm
PARIS (Reuters) - EU antitrust regulators are likely to impose a record fine on Alphabet unit Google over its shopping service as soon as Tuesday, two people familiar with the matter said on Monday, concluding one of three cases against the company.

U.S. top court buries CalPERS suit over Lehman collapse

Mon, 06/26/2017 - 10:16am
WASHINGTON (Reuters) - The U.S. Supreme Court on Monday upheld the dismissal of a securities fraud lawsuit by a big California pension fund against banks in the wake of the 2008 collapse of investment bank Lehman Brothers, ruling the fund waited too long to sue.

BMW to invest $600 million in its Spartanburg plant in U.S.

Mon, 06/26/2017 - 10:03am
(Reuters) - Germany's BMW AG said on Monday it would invest $600 million in its Spartanburg, South Carolina plant in the United States, as it looks to bolster its manufacturing facilities for future generations of its BMW X sport utility vehicles.

U.S. auto sales seen down 2 percent in June: JD Power and LMC

Mon, 06/26/2017 - 9:02am
DETROIT (Reuters) - U.S. auto sales in June likely fell 2 percent from a year earlier despite large discounts for consumers, presenting a fresh sign that automakers are heading into a downturn, industry consultants J.D. Power and LMC Automotive said on Monday.

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