Uber trims more staff as it seeks a route to profit

[ad_1] Uber, which has moved into electric bikes, trucking, and scooters,¬†envisions becoming the “Amazon of transportation” in a future where people share instead of own vehicles Uber on Tuesday said it was laying off about eight percent of its product and engineering teams as the smartphone-summoned ride service tries to map a route to profitability. […]

Nissan seeks clean slate with CEO exit, but challenges remain

[ad_1] Saikawa exits stage left Crisis-hit Japanese automaker Nissan hopes the resignation of its embattled chief executive will help turn the page on the tumult unleashed by the arrest of former chief Carlos Ghosn. But the firm still faces plenty of challenges, from naming a successor to Hiroto Saikawa and repairing its alliance with partner […]

Elliott invests $3.2B in AT&T, seeks changes

[ad_1] Activist hedge fund manager Elliott Management is making a new $3.2 billion investment in AT&T and calling for changes at the company such as selling its DirecTV and Mexican wireless operations. The move comes as AT&T readies a streaming service following its $81 billion purchase of Time Warner. It plans to launch HBO Max […]

DoJ seeks Google records as US states launch antitrust probe of Big Tech

[ad_1] Lawmakers and activists have raised concerns about the growing dominance of online giants such as Google, Facebook and Amazon in key segments of the digital economy The US Department of Justice has asked Google to provide records on past investigations, as part of its extensive probe of tech giants over possible anti-competitive practices, the […]

German army seeks out gamers in hunt for computer-savvy recruits

[ad_1] Among countless stands of car manufacturers, software developers and engineering universities at Cologne’s video games convention, the sight of fatigue-clad soldiers manning the German military’s brightly-lit stall draws in the curious. With a stand boasting a helicopter simulator and ultra-fast games, the Bundeswehr, Germany’s army, has turned to the Gamescom fair in its bid […]

Suspect in huge Capital One breach seeks release from jail

[ad_1] In this July 16, 2019, file photo, a man walks across the street from a Capital One location in San Francisco. Federal prosecutors say Paige Thompson, the woman accused of hacking Capital One and at least 30 other organizations, is a threat to herself and society, a flight risk and should be kept locked […]

Samsung seeks alternatives to Japanese suppliers in trade row

[ad_1] Samsung is the biggest of the family-controlled conglomerates that dominate business in South Korea South Korean tech giant Samsung Electronics, the world’s biggest smartphone and memory chip maker, is seeking alternatives to Japanese suppliers for some key materials, it said Wednesday with Seoul and Tokyo embroiled in a bitter trade dispute. The row has […]