Fleeing Brexit to Berlin? Beware red tape, startups say
BERLIN (Reuters) – Despite a slick campaign to lure companies from London to Berlin after Britain voted to leave the European Union, some of those which have moved say it is not as easy as it first appeared.
Security breaches feared in up to 3.2 mln Indian debit cards: report
MUMBAI (Reuters) – A slew of banks in India will either replace or ask customer to change the security codes of as many as 3.2 million debit cards on fears of potential breaches, the Economic Times newspaper reported on Thursday.
Tesla says self-driving hardware to be built into all its cars
SAN FRANCISCO (Reuters) – Chief Executive Elon Musk said on Wednesday all new Tesla Motors Inc models will come with hardware to enable them to be fully self-driving, as the Silicon Valley electric car company bids to be the first among many rivals to…
SEC to consider amendments to disclosures in director elections
(Reuters) – The U.S. Securities and Exchange Commission said on Wednesday it would consider proposing amendments to disclosures on voting options and standards in director elections in a meeting next week.
Google signs CBS, in talks with others on web TV: sources
(Reuters) – Alphabet Inc’s Google has reached an agreement with CBS Corp to carry the network on its planned web TV service and is in advanced talks with 21st Century Fox , Walt Disney Co and Viacom Inc to distribute their channels, people with kno…
AmEx raises 2016 profit forecast; shares up 5.8 percent
(Reuters) – American Express Co raised its 2016 adjusted earnings forecast and reported better-than-expected third-quarter revenue on Wednesday, sending its shares up 5.8 percent in extended trading.
Microsoft to show code in Brazil to calm fears about spy ‘back doors’
BRASILIA (Reuters) – Microsoft Corp, still stung by accusations that it installed “back doors” for the U.S. government to access customers’ communications, opened a center in Brazil on Wednesday where officials will be able to inspect its programming c…
Morgan Stanley, Citi vying to clear yuan trades in U.S.: executive
NEW YORK (Reuters) – Morgan Stanley and Citigroup Inc are among those vying to be the designated U.S. bank clearing yuan trades in the United States alongside Bank of China Ltd (BoC), China’s fourth-biggest bank by assets, a senior BoC executive said o…
Yahoo, ACLU press U.S. to disclose secret surveillance orders
SAN FRANCISCO (Reuters) – Yahoo Inc on Wednesday asked U.S. Director of National Intelligence James Clapper to declassify a surveillance order the company had received so it can respond to a Reuters report that it set up a special program last year to…
Ebay’s holiday-quarter forecast disappoints; shares slump
(Reuters) – EBay Inc forecast quarterly revenue and profit for the crucial holiday shopping season largely below market estimates, sending its shares down 8 percent in extended trading.
