August 8, 2019

Smart home tech makes inroads into China’s emerging elderly care market

Charging elderly clients just 1 yuan or about 15 cents a day, little-known Lanchuang Network Technology Corp has embarked on one of the most ambitious undertakings […]
August 8, 2019

Uber loses $5 billion, misses Wall Street targets despite easing price war

Uber Technologies Inc reported a record $5.2 billion loss and revenue that fell short of Wall Street targets on Thursday as growth in its core ride-hailing […]
August 8, 2019

Broadcom to buy Symantec’s enterprise unit for $10.7 billion in software push

Chipmaker Broadcom Inc will buy Symantec Corp’s enterprise security business for $10.7 billion in cash, the antivirus software maker said on Thursday, as it tries to […]
August 8, 2019

Pork producers win dismissal of price-fixing lawsuits – U.S. court ruling

A federal judge on Thursday dismissed antitrust lawsuits accusing several large U.S. pork companies of conspiring to limit the supply of pork in order to inflate […]
August 8, 2019

Uber revenue misses estimates despite easing price war, shares tumble

Uber Technologies Inc reported lower-than-expected revenue for the second quarter on Thursday, sending shares down 12% as the largest U.S. ride-hailing company failed to show expected […]
August 8, 2019

China trade data calms volatile global markets

Stronger-than-expected Chinese export data helped push global stock markets higher on Thursday following a volatile week that had investors scrambling for safety on fears of a […]
August 8, 2019

Wall Street jumps; economic data eases trade worries

U.S. stocks jumped on Thursday, giving the S&P 500 its biggest one-day percentage gain in about two months, as bond yields climbed a day after falling […]
August 8, 2019

New U.S. pipelines poised to start price war for shale shippers

The operators of two new pipelines in West Texas shale fields are offering discounted prices to attract shippers accustomed to high fees to move oil to […]
August 8, 2019

Facebook loses facial recognition appeal, must face privacy class action

A federal appeals court on Thursday rejected Facebook Inc’s effort to undo a class action lawsuit claiming that it illegally collected and stored biometric data for […]
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