Uber says its self-driving technology differs from Waymo’s
SAN FRANCISCO (Reuters) – Uber Technologies Inc [UBER.UL] said on Friday its self-driving sensor technology was “fundamentally different” from Waymo’s, blasting the Alphabet Inc unit’s claim that it profited from stolen files in the race to roll out t…
Facebook virtual reality unit Oculus faces lawsuit over imaging patent
(Reuters) – Facebook Inc’s virtual reality unit Oculus VR is facing a lawsuit alleging it incorporated without authorization a smaller competitor’s patented technology into its Rift headset.
Italy court blocks Uber services in Italy, citing unfair competition
ROME (Reuters) – A court blocked the use of smart phone apps for Uber cars in Italy on Friday, ruling that they constituted unfair competition.
Twitter pulls lawsuit over anti-Trump account, says summons withdrawn
SAN FRANCISCO (Reuters) – Twitter Inc on Friday dropped a lawsuit it filed the previous day against the U.S. Homeland Security Department, saying the government had withdrawn a summons for records about who was behind an account critical of President D…
Proxy adviser ISS urges votes against most of Wells Fargo board
BOSTON (Reuters) – Influential proxy adviser Institutional Shareholder Services recommended investors vote to replace the majority of directors at Wells Fargo & Co in the wake of the bank’s phony-account scandal.
BMO Financial Group promotes COO White to CEO role
(Reuters) – Bank of Montreal , Canada’s fourth-biggest lender, said on Friday its Chief Operating Officer Darryl White will step up to be chief executive in November, succeeding Bill Downe who will retire.
Deutsche Bank CEO says shrinking is over, targets prudent growth
FRANKFURT (Reuters) – Deutsche Bank’s Chief Executive said on Friday the era of downsizing Germany’s flagship lender was over, after completing an 8 billion euro capital increase to pay legal penalties, keep regulators happy and make fresh investments…
Weather dampens U.S. job growth; unemployment rate drops to 4.5 percent
WASHINGTON (Reuters) – U.S. job growth slowed sharply in March amid continued layoffs in the embattled retail sector, but a drop in the unemployment rate to a near 10-year low of 4.5 percent suggested labor market strength remained intact.
Murdoch’s Fox wins EU approval to take over Sky
BRUSSELS/LONDON (Reuters) – The European Commission cleared Rupert Murdoch to take over pay-TV group Sky on Friday, leaving a British investigation into the impact on the country’s media landscape as the only remaining hurdle for the $14.5 billion dea…
Wall Street down after weak jobs, Fed comments, Syria airstrikes
NEW YORK (Reuters) – Wall Street’s three major indexes edged lower on Friday in a choppy session as investors grappled with a weaker-than-expected job report, the U.S. airstrike in Syria and a top Federal Reserve official’s comments on trimming the U.S…
