Technology News
Uber breach, cover-up trigger government probes around the globe11/22/2017 6:40:48 PMTORONTO - Governments around the globe launched investigations into Uber Technologies Inc [UBER.UL] after the company disclosed it had covered up a breach that exposed data on millions of customers and drivers, the latest scandal to rock the ride-hailing firm.Tech still hedge funds' sweetheart sector: Goldman Sachs11/22/2017 6:44:43 PMLONDON - Tech stocks remain the largest net sector exposure for equity hedge funds, which are set to deliver their strongest returns since 2013, Goldman Sachs said on Wednesday in a note on the industry's most and least favored areas of the market.Apple says illegal student labor discovered at iPhone X plant11/22/2017 4:06:22 PMBEIJING - Smartphone maker Apple Inc and its biggest manufacturing partner on Wednesday said that a small number of students were discovered working overtime in its Chinese factory, violating local labor laws.Peter Thiel sells most of remaining Facebook stake11/22/2017 6:37:45 PM - Facebook Inc's first major investor Peter Thiel has sold three-quarters of his remaining stake in the social network as part of a previously established trading plan, a regulatory filing showed.HPE CEO Whitman's surprise exit stumps Wall Street11/22/2017 5:08:27 PM - Shares of Hewlett Packard Enterprise Co fell 6 percent on Wednesday after Chief Executive Officer Meg Whitman's decision to step down from the role took Wall Street by surprise.Lyft wins permit to test self-driving cars in California11/22/2017 4:04:40 PM - U.S. ride-hailing firm Lyft has secured a permit to test autonomous vehicles in California, taking it one step further in the race with several other companies to bring self-driving cars to the masses.Air New Zealand, Swiss travel platform Winding Tree in blockchain tie-up11/22/2017 7:36:40 PMNEW YORK - Air New Zealand said on Wednesday it has teamed up with Swiss travel start-up Winding Tree to explore applications based on blockchain technology that could help the national flag carrier of New Zealand improve the efficiency and security of services such as booking and baggage tracking.Exclusive: SAP investigating its sales practices in Gulf region11/22/2017 6:55:03 PMDUBAI/LONDON - German business software giant SAP , which last month said its South African sales commissions were being probed by U.S. regulators, has launched an investigation into its business practices in the Gulf region, it said on Wednesday.Deutsche Bank strategist tells investors to avoid bitcoin11/22/2017 5:35:12 PMFRANKFURT - Deutsche Bank has joined the ranks of those warning about the virtual currency bitcoin as an investment.PayPal purchase protection doesn't shield from lawsuits: German court11/22/2017 3:54:57 PMKARLSRUHE, Germany - Germany's highest court ruled on Wednesday that PayPal's purchase protection scheme does not shield customers from being sued for the price of items they bought online even if PayPal had granted them a refund.