Friday, 9 February 2018

Waymo accepts $245 million and Uber's 'regret' to settle self-driving car dispute

Waymo accepts $245 million and Uber's 'regret' to settle self-driving car dispute

SAN FRANCISCO (Reuters) - Uber Technologies Inc [UBER.UL] will pay $245 million worth of its own shares to Alphabet Inc's Waymo self-driving vehicle unit to settle a legal dispute over trade secrets, allowing Uber's new chief executive to move past one of the company's most bruising public controversies.

Wall Street ends whipsaw week on upbeat note

(Reuters) - Wall Street's main stock indexes climbed more than 1 percent on Friday, giving investors some solace after a week of huge swings that shook the market out of months of calm.

Qualcomm rejects Broadcom's revised buyout offer, proposes meeting

(Reuters) - U.S. semiconductor company Qualcomm Inc on Thursday rejected Broadcom Ltd's revised $121 billion buyout offer, but proposed meeting its peer to see whether they can address what it called the bid's "serious deficiencies in value and certainty."

Bitcoin may not be worth all the hoopla: N.Y. Fed blog post

NEW YORK (Reuters) - Bitcoin and other digital currencies have, so far, not been formidable competition for cash, checks or credit cards as a payment method in the United States and other major economies, according to two economists at New York Federal Reserve.

Exclusive: Amazon eyes new warehouse in Brazil e-commerce push - sources

SAO PAULO (Reuters) - Amazon.com Inc is looking to lease a 50,000-square-meter warehouse just outside Sao Paulo, people familiar with the matter told Reuters, as it steps up its push into Latin America's biggest retail market, Brazil.

Exclusive: Renault's Mueller quits, clearing CEO succession path - sources

PARIS (Reuters) - Renault's Chief Performance Officer Stefan Mueller is leaving the company, sources told Reuters on Friday - likely clearing the way for rival candidate Thierry Bollore to be named second-in-command and eventual successor to CEO Carlos Ghosn.

Guess forms committee to oversee investigation against co-founder

(Reuters) - Fashion retailer Guess Inc on Friday said its board had formed a special committee to oversee an ongoing investigation into allegations of improper conduct by co-founder Paul Marciano.

Amazon tests delivery in Los Angeles, shipping shares sink

(Reuters) - Amazon.com Inc is testing a program to ship its sellers' goods, sending shares in FedEx and UPS tumbling even though analysts and the companies played down any near-term threat to the two global delivery businesses.

Nestle buys majority stake in organic food company Terrafertil

ZURICH (Reuters) - Nestle said on Friday that it has bought a majority stake in Terrafertil, a company selling natural and organic plant based foods.

Issue identified with Pratt & Whitney GTF engines for Airbus's A320neo

(Reuters) - An issue has been identified on some recently delivered Pratt & Whitney GTF engines for European planemaker Airbus's A320neo aircraft, the two companies said on Friday

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