Foxconn announces U.S. manufacturing plant in Wisconsin Taiwanese electronics manufacturer Foxconn on Wednesday announced plans to build a $10 billion LCD display panel screen plant in Wisconsin, a deal President Donald Trump asserted would not have happened without his efforts. The company said it plans to invest $10 billion over […]
China’s Baidu enters strategic partnership with Paypal to tap Chinese tourists Baidu Inc said on Friday that it has entered a strategic agreement with PayPal Holdings Inc to tap overseas merchants as Chinese tech companies ramp up the fight for overseas payment partnerships. Under the agreement, Baidu’s payment platform, Baidu […]
ABC News to target millennials with social video partnership Walt Disney Co’s (DIS.N) ABC News launched a partnership on Tuesday with ATTN:, a video news site focused on younger audiences, to co-produce videos for social media including Facebook Inc’s (FB.O) Instagram and for Twitter Inc (TWTR.N). The two will use […]
Wall Street regulator sets sights on digital coin offerings Wall Street’s main regulator said on Tuesday that initial coin offerings (ICOs), a means of crowdfunding for blockchain technology companies, should be subject to the same safeguards required in traditional securities sales. ICOs have become a bonanza for digital currency entrepreneurs, […]
Colombian tribunal fines Claro, Movistar over contract A Colombian tribunal on Tuesday ruled telephone companies Claro and Movistar must pay the government $1.55 billion for failing to meet contractual conditions for cellular services, a government official said. An arbitration court said the two companies failed to return installed networks and […]
Russia Kaspersky Lab launches free antivirus software globally Moscow-based Kaspersky Lab on Tuesday announced it was rolling out a free version of its antivirus software across the globe, a product launch that comes amid mounting suspicion in the United States that the cyber firm is vulnerable to Russian government influence. […]
Snap General Counsel Chris Handman steps down Snap Inc said its general counsel Chris Handman stepped down to spend more time with his family. Handman, who played a key role in taking the owner of Snapchat public, was with the company since May 2014. Earlier he was a partner at […]
Options traders bullish on Facebook ahead of second-quarter results As Facebook Inc (FB.O) geared up to report second-quarter results on Wednesday, traders in the options market are exhibiting a greater degree of bullishness in more than a year, options data showed. The stock, which hit an all-time high of $166.17 […]
Apple ordered to pay $506 million to university in patent dispute A U.S. judge on Monday ordered Apple Inc to pay $506 million for infringing on a patent owned by the University of Wisconsin-Madison’s patent licensing arm, more than doubling the damages initially imposed on Apple by a jury. U.S. […]
House panel wants Google, Facebook, AT&T CEOs to testify on internet rules The chairman of the U.S. House Energy and Commerce Committee on Tuesday asked chief executives from companies representing the two sides of the net neutrality debate, including Alphabet, Facebook, AT&T and Verizon, to testify at a Sept. 7 […]
