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  • Want $100,000? Just give up your smartphone for a year

    December 17, 2018 3:12 PM 178

    Vitaminwater has issued a challenge: Don't use your smartphone for a full year, and you can win $100,000. On its website, the company has announced the "Scroll Free For A Year Contest." To enter, you need to post a photo on Twitter or Instagram explaining how you would use your year-long break from your phone. The submissions will be judged based on "creativity

  • Google announces $1B New York campus

    December 17, 2018 3:09 PM 199

    FILE - In this Dec. 4, 2017, file photo, people walk by Google offices in New York. Google is spending more than $1 billion to expand operations in New York City. Ruth Porat, senior vice president and chief financial officer at Google and Alphabet, said in a blog post Monday, Dec. 17, 2018, that Google is creating a more than 1.7 million square-foot

  • Intel, TPG in early talks to sell McAfee to Thoma Bravo: source

    December 14, 2018 10:38 PM 163

    (Reuters) - Private equity firm Thoma Bravo LLC is in early talks to buy security software company McAfee from TPG Capital and Intel Corp, a source familiar with the matter said on Friday. Talks are at an early stage and there is no guarantee they will lead to a deal, the source said. The talks were reported earlier by CNBC. Intel and TPG declined to comment

  • Poste Italiane can withstand competition from Amazon: CEO

    December 14, 2018 9:59 PM 162

    MILAN (Reuters) - Poste Italiane can weather competition from in its deliveries business, the chief executive of the former Italian postal services monopoly said on Friday. Last month the Italian government formally authorised the U.S. e-commerce giant to operate as a postal operator in the country through its subsidiaries Amazon Italia Logistics

  • Qualcomm to file suits in Chinese courts to ban iPhone XS, XR sales

    December 13, 2018 6:41 PM 159

    (Reuters) - Chipmaker Qualcomm Inc (QCOM.O) is asking courts in China to ban sales of Apple Inc’s (AAPL.O) latest iPhone models XS and XR after winning a preliminary injunction against older models, the company confirmed on Thursday. On Monday, a Chinese court had ordered a sales ban of some older Apple iPhone models for violating two patents of Qualcomm

  • Advocacy group drafts U.S. privacy bill as effort grows to make law next year

    December 13, 2018 2:24 PM 158

    WASHINGTON (Reuters) - A consumer advocacy group backed by large American technology companies on Thursday unveiled a U.S. privacy bill that strictly limits collection of biometric and location information and calls for punishment by fines, as Congress weighs nationwide regulation to supersede new California rules. The Washington-based Center for Democracy

  • GE's digital unit to sell majority stake in ServiceMax

    December 13, 2018 1:26 PM 148

    (Reuters) - General Electric Co (GE.N) on Thursday said its digital unit would sell a majority stake in ServiceMax, a cloud-based provider of software used in inventory and workforce management, to technology-focused private equity firm Silver Lake. GE will retain a 10 percent equity in ServiceMax, a business it acquired for $915 million in 2016. (reut

  • Alibaba-backed Lazada appoints new CEO; second change in 2018

    December 13, 2018 3:25 AM 155

    SINGAPORE (Reuters) - Lazada Group, a Southeast-Asian e-commerce company backed by Alibaba Group Holding, appointed Pierre Poignant as its new chief executive officer (CEO) on Thursday as part of its succession planning. Poignant, the company’s executive president, will succeed Lucy Peng as CEO with immediate effect, Lazada said in a statement. Peng will remain

  • Mobility tech firm Optibus raises $40 million, Alibaba takes stake

    December 12, 2018 9:31 AM 164

    JERUSALEM (Reuters) - U.S.-Israeli mobility technology company Optibus said on Wednesday it raised $40 million in a private funding round led by Insight Venture Partners and with a strategic investment from the Alibaba Group. Existing investors, including Verizon Ventures, Pitango Venture Capital, New Era Capital and Sir Ronald Cohen, also participated

  • China's Tencent Music raises nearly $1.1 billion in U.S. IPO

    December 11, 2018 11:04 PM 170

    NEW YORK/HONG KONG (Reuters) - China-based music streaming company Tencent Music Entertainment Group TME.N has raised close to $1.1 billion in its U.S. initial public offering (IPO) after pricing its shares at the bottom of its targeted range, two sources said on Tuesday. The music arm of gaming and social network giant Tencent Holdings Ltd (0700.HK) priced