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  • Amazon in 'advanced talks' to build new HQ near DC

    November 4, 2018 7:10 PM 135

    Retail giant Amazon Inc. is in "advanced talks" to open its second headquarters in the Washington, D.C., metropolitan area, The Washington Post reported Saturday. Amazon, based in Seattle, is apparently seriously considering an area known as Crystal City. It's a large residential and office complex in Arlington, Virginia, just south of Washington, the Post said, citing

  • Tesla discloses more regulatory credits helped profit in third quarter

    November 2, 2018 6:32 PM 116

    SAN FRANCISCO (Reuters) - Tesla booked $189.5 million in automotive regulatory credits in its third quarter which helped contribute to profitability, the company said in a quarterly filing on Friday. Last month Tesla disclosed $52 million in “zero emission vehicle” credit sales, but the quarterly filing includes all regulatory credits, including the ZEV credits

  • Google's top U.S. public policy official leaving post

    November 2, 2018 3:59 PM 139

    WASHINGTON (Reuters) - Alphabet Inc’s (GOOGL.O) Google unit said on Friday that its Washington office chief, who also heads Americas policy, is stepping down as the company faces criticism on issues including how it protects users’ privacy and its investment plans in China. Susan Molinari, a former Republican member of Congress who has run Google’s Washington

  • Tesla develops plan to make 3,000 Model 3s per week in Shanghai to cut tariff impact

    November 2, 2018 1:10 PM 130

    (Reuters) - Tesla Inc (TSLA.O) said on Friday that it is developing plans to start producing about 3,000 Model 3 vehicles per week in Shanghai in the initial phase of its Gigafactory 3 to reduce the impact of tariffs. The company also said here in a filing that Model S and Model X sales in China have been, and will likely continue to be, hurt by recently

  • Symantec second-quarter profit beats estimates

    November 1, 2018 8:34 PM 121

    (Reuters) - Norton antivirus maker Symantec Corp beat analysts’ estimates for second-quarter profit and revenue on Thursday, driven by growth in its consumer-end business. The company’s shares were down 1 percent in choppy trading after the bell. Revenue from Symantec’s consumer security division rose 8.5 percent to $601 million. The segment accounted

  • HBO goes dark on Dish Network in carriage dispute

    November 1, 2018 2:42 PM 132

    (Reuters) - Dish Network Corp said on Thursday AT&T Inc had blacked out HBO and Cinemax networks for its Dish and Sling TV subscribers as the companies failed to agree on a new distribution pact. AT&T, the No.2 U.S. wireless carrier by subscribers, closed its $85-billion acquisition of media company Time Warner in June, and created WarnerMedia to house

  • Samsung Electronics to compensate ill workers at plants after mediator's proposal

    November 1, 2018 11:15 AM 123

    SEOUL (Reuters) - Samsung Electronics said on Thursday it will compensate former and current workers of its South Korean chip and display factories who have serious work-related illnesses, after a mediation panel advocated the compensation. The move will put an end to the years-long dispute between the world’s top memory chipmaker and an advocacy group

  • Tesla auto-park upgrade to be ready in six weeks: Musk

    November 1, 2018 9:38 AM 128

    (Reuters) - An upgrade to Tesla Inc’s ‘Summon’ auto-parking feature will be ready within six weeks and will allow its vehicles to drive around a parking lot, find an empty spot and read parking signs, Chief Executive Elon Musk said on Thursday. The upgrade will be compatible in all Tesla cars made in the past two years, Musk said in a series of tweets

  • Apple held talks to take stake in iHeartMedia: FT

    November 1, 2018 6:07 AM 136

    (Reuters) - Apple Inc has held talks with iHeartMedia Inc to take a stake in the U.S. radio company, the Financial Times reported on Thursday, citing people familiar with the matter. The discussions between the two companies remain at a preliminary stage and no deal has been agreed, the report said, citing sources. iHeartMedia is hoping the iPhone maker

  • Sprint net subscriber additions blow past estimates

    October 31, 2018 11:45 AM 123

    (Reuters) - Wireless carrier Sprint Corp dwarfed Wall Street’s estimates for net new subscribers who pay a monthly bill in its quarterly results on Wednesday as it strives to undercut larger competitors on price. Sprint, which is awaiting regulatory approval for a merger with bigger rival T-Mobile US Inc, said it added a net 109,000 subscribers during