Tech

Cadillac vehicles shifting to electric from gas by 2030: executive

Editorial Bureau December 15, 2019

DETROIT- The head of General Motors Co’s Cadillac luxury brand said on Thursday that a majority, and possibly all, of the brand’s models would be electric vehicles by 2030. Cadillac president Steve Carlisle also said Cadillac was on track for “low double-digit” sales

Tech

Broadcom’s full-year forecast fails to impress Wall Street, shares down

Editorial Bureau December 15, 2019

Broadcom Inc’s fourth-quarter earnings beat Street estimates on Thursday, but investors were put off by slowing growth in semiconductor business and a lukewarm revenue forecast for 2020, sending its shares down about 2% in extended trade. The 17-month long trade war between the United States and China and sanctions on China’s Huawei Technologies pressured its

Tech

ByteDance unit establishes venture with Chinese state media firm

Editorial Bureau December 15, 2019

SHANGHAI/BEIJING- A unit of ByteDance, the owner of video-sharing platform TikTok, has established a joint venture with a Chinese state media group, official registration documents showed. “The joint venture will focus on partnership in the digital rights of short videos,” a ByteDance spokeswoman said in response to Reuters inquiries about the deal. ByteDance,

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U.S. regulator weighs action against Facebook over how its apps interact: report

Editorial Bureau December 14, 2019

The U.S. Federal Trade Commission is considering asking a court to stop Facebook Inc from moving ahead with plans to integrate its WhatsApp, Instagram and Messenger subsidiaries, The Wall Street Journal reported on Thursday, citing people familiar with the matter. Facebook shares closed 2.7% lower, reflecting fears the potential regulatory move could be a first […]

Tech

Samsung Electronics executive receives jail term over union-busting: media

Editorial Bureau December 14, 2019

SEOUL- Samsung Electronics vice-president Kang Kyung-hoon received a 16-month jail term on Friday on charges of union-busting activities, South Korean media reported on Friday. Kang and others acted to obstruct the formation and activities of an independent trade union at affiliate Samsung Everland, an amusement park operator and part of Samsung C&T <028260.KS>,

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Google, Apple asked if apps like TikTok must disclose foreign ties

Editorial Bureau December 14, 2019

WASHINGTON- The chair of a U.S. congressional panel wrote to Alphabet’s Google and to Apple on Friday to ask what if any disclosures mobile apps are required to make regarding overseas ties, a concern that follows reports of Chinese investment in popular apps such as TikTok and Grindr. Rep. Stephen Lynch, chairman of a subcommittee […]

Tech

Facebook, privacy activist Schrems battle nears end on Dec. 19

Editorial Bureau December 14, 2019

BRUSSELS- Austrian privacy activist Max Schrems’ seven-year battle against Facebook reaches a crucial point on Dec. 17 when an adviser to Europe’s top court will issue his view on whether tools used by companies to transfer data abroad are legal or not. At stake are standard contractual clauses used by Facebook and hundreds of thousands […]

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T-Mobile CEO takes the stand in T-Mobile/Sprint merger trial

Editorial Bureau December 14, 2019

T-Mobile US Inc Chief Executive John Legere testified on Friday that he believes U.S. regulators considered Dish Network’s history of attempting to build a wireless network when they approved the merger between T-Mobile and Sprint Corp. A group of U.S. states have sued to stop the merger, saying it would lead to higher prices. T-Mobile […]

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U.S. agency probes 12th Tesla crash tied to possible Autopilot use

Editorial Bureau December 14, 2019

WASHINGTON- The U.S. auto safety agency said Friday it will investigate a 12th Tesla crash that may be tied to the vehicle’s advanced Autopilot driver assistance system after a Tesla Model 3 rear-ended a parked police car in Connecticut on Saturday. The National Highway Traffic Safety Administration special crash investigation program will investigate the Dec. […]

Tech

Italian judge orders Facebook to reopen account of neo-fascist group

Editorial Bureau December 13, 2019

ROME- An Italian judge on Thursday upheld an appeal by far-right group Casapound against a decision by Facebook to close its account, deeming that the move by the social media company prevented political pluralism. Facebook blocked Casapound’s account in September, saying it had violated the platform’s policy against spreading hate. Casapound espouses